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MUNJAL AUTO INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of MUNJAL AUTO INDUSTRIES is 2.17.

Share Price ₹83.3May 03,2024
Market Cap ₹833.2 Cr
Book Value₹384.3 CrMar2023 - Consolidated Results
Price/Book 2.17xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MUNJAL AUTO INDUSTRIES

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 MUNJAL AUTO INDUSTRIES is calculated as :

Current Market Cap [ ₹833.2 Cr] as on May 03,2024

(/) Book Value [ ₹384.3 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.17x ]

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

Thus, for MUNJAL AUTO INDUSTRIES , the investors are currently willing to pay '2.17 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 MUNJAL AUTO INDUSTRIES !

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

Historical PB (Price/Book ) ratio chart of MUNJAL AUTO INDUSTRIES


PB Ratio Performance Analysis for MUNJAL AUTO INDUSTRIES

- MUNJAL AUTO INDUSTRIES 's latest p/b ratio is 2.17x.

- MUNJAL AUTO INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.32x.

- MUNJAL AUTO INDUSTRIES 's operated at median p/b ratio of 1.21x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MUNJAL AUTO INDUSTRIES 's p/b ratio peaked in Mar2019 at 1.82x.

- MUNJAL AUTO INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.9x.


How does MUNJAL AUTO INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Book ValuePB RatioMarket Cap
MUNJAL AUTO INDUSTRIES 384.332.17833.2
BOSCH LTD11,005.108.0688,677.0
SAMVARDHANA MOTHERSON INTERNATIONAL LTD22,451.503.9688,906.6
SONA BLW PRECISION FORGINGS LTD2,650.3313.5135,800.5
UNO MINDA LTD4,140.1510.1942,181.6
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD2,409.1110.7125,812.8
ENDURANCE TECHNOLOGIES LTD4,412.136.2027,354.7
JBM AUTO LTD1,167.6719.8623,192.4
TVS HOLDINGS LTD3,240.995.6418,278.6
MINDA CORPORATION LTD1,585.806.209,825.0
CRAFTSMAN AUTOMATION LTD1,376.906.749,278.3

Auto Ancillary Industry Benchmark (Top 10) PB Analysis vs MUNJAL AUTO INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.17x
Max industry PB 19.86x
Median industry PB 6.74x
Average industry PB 8.48x



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