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MIRC ELECTRONICS
PB (Price/Book ) Ratio

The Current P/B Ratio of MIRC ELECTRONICS is 2.93.

Share Price ₹24.2Apr 26,2024
Market Cap ₹559.7 Cr
Book Value₹190.8 CrMar2023 - Standalone Results
Price/Book 2.93xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MIRC ELECTRONICS

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of MIRC ELECTRONICS is calculated as :

Current Market Cap [ ₹559.7 Cr] as on Apr 26,2024

(/) Book Value [ ₹190.8 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 2.93x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for MIRC ELECTRONICS , the investors are currently willing to pay '2.93 times book value' to own 1 share of the company.

PB Multiples are one of the most widely used valuation multiple in industry.

Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.

In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of MIRC ELECTRONICS !

The chart below summarizes the trend in P/B Ratio of MIRC ELECTRONICS over the last five years.

Historical PB (Price/Book ) ratio chart of MIRC ELECTRONICS


PB Ratio Performance Analysis for MIRC ELECTRONICS

- MIRC ELECTRONICS 's latest p/b ratio is 2.93x.

- MIRC ELECTRONICS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.55x.

- MIRC ELECTRONICS 's operated at median p/b ratio of 1.42x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MIRC ELECTRONICS 's p/b ratio peaked in Mar2019 at 2.35x.

- MIRC ELECTRONICS 's p/b ratio hit its five-year low in Mar2020 of 0.42x.


How does MIRC ELECTRONICS 's P/B Ratio benchmark against top 10 peers in Consumer Durables - Electronics Industry?

Peer Comparison (Consumer Durables - Electronics Industry)Book ValuePB RatioMarket Cap
MIRC ELECTRONICS 190.852.93559.7
DIXON TECHNOLOGIES (INDIA) LTD1,268.0740.4451,278.2
HONEYWELL AUTOMATION INDIA LTD3,175.5412.5639,898.4
WONDER ELECTRICALS LTD59.6228.171,679.3

Consumer Durables - Electronics Industry Benchmark (Top 10) PB Analysis vs MIRC ELECTRONICS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.93x
Max industry PB 40.44x
Median industry PB 28.17x
Average industry PB 21.03x



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