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NCC
PB (Price/Book ) Ratio

The Current P/B Ratio of NCC is 2.54.

Share Price ₹249.9Apr 26,2024
Market Cap ₹15,688.7 Cr
Book Value₹6,166.8 CrMar2023 - Consolidated Results
Price/Book 2.54xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of NCC

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 NCC is calculated as :

Current Market Cap [ ₹15,688.7 Cr] as on Apr 26,2024

(/) Book Value [ ₹6,166.8 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.54x ]

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

Thus, for NCC , the investors are currently willing to pay '2.54 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 NCC !

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

Historical PB (Price/Book ) ratio chart of NCC


PB Ratio Performance Analysis for NCC

- NCC 's latest p/b ratio is 2.54x.

- NCC 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.87x.

- NCC 's operated at median p/b ratio of 0.94x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NCC 's p/b ratio peaked in Mar2019 at 1.48x.

- NCC 's p/b ratio hit its five-year low in Mar2020 of 0.23x.


How does NCC 's P/B Ratio benchmark against top 10 peers in Engineering - Construction Industry?

Peer Comparison (Engineering - Construction Industry)Book ValuePB RatioMarket Cap
NCC 6,166.832.5415,688.7
LARSEN & TOUBRO LTD88,858.905.57495,197.0
RAIL VIKAS NIGAM LTD7,325.108.2560,434.3
GMR AIRPORTS INFRASTRUCTURE LTD-792.78-69.1254,800.4
IRB INFRASTRUCTURE DEVELOPERS LTD13,378.903.1141,542.3
IRCON INTERNATIONAL LTD5,211.494.5323,588.1
KEC INTERNATIONAL LTD3,771.424.9518,672.3
KALPATARU PROJECTS INTERNATIONAL LTD4,720.624.0819,273.4
GR INFRAPROJECTS LTD6,265.132.1013,168.1
STERLING AND WILSON RENEWABLE ENERGY LTD969.1716.4115,903.7
PNC INFRATECH LTD4,285.042.7011,587.9

Engineering - Construction Industry Benchmark (Top 10) PB Analysis vs NCC 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -69.12x
Max industry PB 16.41x
Median industry PB 4.08x
Average industry PB -1.35x



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