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MTAR TECHNOLOGIES
PB (Price/Book ) Ratio

The Current P/B Ratio of MTAR TECHNOLOGIES is 9.27.

Share Price ₹1,866.6Apr 23,2024
Market Cap ₹5,749.0 Cr
Book Value₹620.1 CrMar2023 - Consolidated Results
Price/Book 9.27xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MTAR TECHNOLOGIES

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 MTAR TECHNOLOGIES is calculated as :

Current Market Cap [ ₹5,749.0 Cr] as on Apr 23,2024

(/) Book Value [ ₹620.1 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 9.27x ]

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

Thus, for MTAR TECHNOLOGIES , the investors are currently willing to pay '9.27 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 MTAR TECHNOLOGIES !

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

Historical PB (Price/Book ) ratio chart of MTAR TECHNOLOGIES


PB Ratio Performance Analysis for MTAR TECHNOLOGIES

- MTAR TECHNOLOGIES 's latest p/b ratio is 9.27x.

- MTAR TECHNOLOGIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.96x.

- MTAR TECHNOLOGIES 's operated at median p/b ratio of 6.61x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MTAR TECHNOLOGIES 's p/b ratio peaked in Mar2022 at 10.35x.

- MTAR TECHNOLOGIES 's p/b ratio hit its five-year low in Mar2020 of 0x.


How does MTAR TECHNOLOGIES 's P/B Ratio benchmark against top 10 peers in Engineering Industry?

Peer Comparison (Engineering Industry)Book ValuePB RatioMarket Cap
MTAR TECHNOLOGIES 620.139.275,749.0
RITES LTD2,603.786.1916,108.6
ENGINEERS INDIA LTD1,961.525.9611,682.0
KENNAMETAL INDIA LTD687.407.945,460.7
INOX GREEN ENERGY SERVICES LTD1,127.363.834,318.9
THEJO ENGINEERING LTD194.3416.683,241.7
DIVGI TORQTRANSFER SYSTEMS LTD551.284.592,532.9
PITTI ENGINEERING LTD334.047.852,623.0
DEEP INDUSTRIES LTD1,370.151.381,886.7
LOKESH MACHINES LTD158.985.06804.2
PRITIKA AUTO INDUSTRIES LTD153.712.97457.3

Engineering Industry Benchmark (Top 10) PB Analysis vs MTAR TECHNOLOGIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.38x
Max industry PB 16.68x
Median industry PB 5.96x
Average industry PB 6.52x



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