MM FORGINGS
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The Current P/B Ratio of MM FORGINGS is 4.07.
| Share Price | ₹1,136.7 | May 06,2024 |
| Market Cap | ₹2,739.3 Cr | |
| Book Value | ₹673.0 Cr | Mar2023 - Consolidated Results |
| Price/Book | 4.07x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of MM FORGINGS
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
Current Market Cap [ ₹2,739.3 Cr] as on May 06,2024
(/) Book Value [ ₹673.0 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 4.07x ]
P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.
Thus, for MM FORGINGS , the investors are currently willing to pay '4.07 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 MM FORGINGS !
The chart below summarizes the trend in P/B Ratio of MM FORGINGS over the last five years.
Thus, for MM FORGINGS , the investors are currently willing to pay '4.07 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 MM FORGINGS !
The chart below summarizes the trend in P/B Ratio of MM FORGINGS over the last five years.
Historical PB (Price/Book ) ratio chart of MM FORGINGS
PB Ratio Performance Analysis for MM FORGINGS
- MM FORGINGS 's latest p/b ratio is 4.07x.
- MM FORGINGS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.61x.
- MM FORGINGS 's operated at median p/b ratio of 2.99x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MM FORGINGS 's p/b ratio peaked in Mar2022 at 3.65x.
- MM FORGINGS 's p/b ratio hit its five-year low in Mar2020 of 0.88x.
- MM FORGINGS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.61x.
- MM FORGINGS 's operated at median p/b ratio of 2.99x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MM FORGINGS 's p/b ratio peaked in Mar2022 at 3.65x.
- MM FORGINGS 's p/b ratio hit its five-year low in Mar2020 of 0.88x.
How does MM FORGINGS 's P/B Ratio benchmark against top 10 peers in Forgings Industry?
| Peer Comparison (Forgings Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| MM FORGINGS | 673.01 | 4.07 | 2,739.3 |
| BHARAT FORGE LTD | 6,701.79 | 8.62 | 57,742.3 |
| CIE AUTOMOTIVE INDIA LTD | 4,939.94 | 3.73 | 18,450.3 |
| RAMKRISHNA FORGINGS LTD | 2,684.10 | 4.86 | 13,051.6 |
| LGB FORGE LTD | 30.17 | 7.84 | 236.5 |
| HILTON METAL FORGING LTD | 89.12 | 2.69 | 240.1 |
| KALYANI FORGE LTD | 105.48 | 1.47 | 155.1 |
| SAMRAT FORGINGS LTD | 28.50 | 6.08 | 173.1 |
| TIRUPATI FORGE LTD | 36.24 | 4.92 | 178.4 |
| GANGA FORGING LTD | 13.33 | 8.10 | 108.0 |
Forgings Industry Benchmark (Top 10) PB Analysis vs MM FORGINGS 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.47x |
| Max industry PB | 8.62x |
| Median industry PB | 4.92x |
| Average industry PB | 5.24x |
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