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MSTC
PB (Price/Book ) Ratio

The Current P/B Ratio of MSTC is 5.56.

Share Price ₹714.2Sep 17,2026
Market Cap ₹5,027.6 Cr
Book Value₹903.9 CrMar2026 - Consolidated Results
Price/Book 5.56xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MSTC

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 MSTC is calculated as :

Current Market Cap [ ₹5,027.6 Cr] as on Sep 17,2026

(/) Book Value [ ₹903.9 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 5.56x ]

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

Thus, for MSTC , the investors are currently willing to pay '5.56 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 MSTC !

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

Historical PB (Price/Book ) ratio chart of MSTC


PB Ratio Performance Analysis for MSTC

- MSTC 's latest p/b ratio is 5.56x.

- MSTC 's p/b ratio for fiscal years ending Mar2026 to Mar2022 averaged 4.46x.

- MSTC 's operated at median p/b ratio of 3.3x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MSTC 's p/b ratio peaked in Mar2024 at 9.04x.

- MSTC 's p/b ratio hit its five-year low in Mar2023 of 2.26x.


How does MSTC 's P/B Ratio benchmark against top 10 peers in e-Commerce Industry?

Peer Comparison (e-Commerce Industry)Book ValuePB RatioMarket Cap
MSTC 903.945.565,027.6
ETERNAL LTD29,578.0010.57312,575.0
MEESHO LTD3,956.9124.2295,855.3
FSN ECOMMERCE VENTURES LTD1,401.5566.1392,688.6
SWIGGY LTD16,209.004.7176,322.7
INDIAMART INTERMESH LTD2,351.604.2510,002.7
BRAINBEES SOLUTIONS LTD4,007.012.208,815.5
INTRASOFT TECHNOLOGIES LTD266.310.56148.1

e-Commerce Industry Benchmark (Top 10) PB Analysis vs MSTC 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.56x
Max industry PB 66.13x
Median industry PB 5.56x
Average industry PB 14.78x



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