NESCO
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The Current P/B Ratio of NESCO is 3.04.
Share Price | ₹846.2 | Apr 24,2024 |
Market Cap | ₹5,965.7 Cr | |
Book Value | ₹1,964.6 Cr | Mar2023 - Consolidated Results |
Price/Book | 3.04x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of NESCO
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹5,965.7 Cr] as on Apr 24,2024
(/) Book Value [ ₹1,964.6 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 3.04x ]
Thus, for NESCO , the investors are currently willing to pay '3.04 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 NESCO !
The chart below summarizes the trend in P/B Ratio of NESCO over the last five years.
Historical PB (Price/Book ) ratio chart of NESCO
PB Ratio Performance Analysis for NESCO
- NESCO 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.40x.
- NESCO 's operated at median p/b ratio of 2.43x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NESCO 's p/b ratio peaked in Mar2019 at 2.9x.
- NESCO 's p/b ratio hit its five-year low in Mar2023 of 1.85x.
How does NESCO 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
Peer Comparison (Engineering - Industrial Equipments Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
NESCO | 1,964.59 | 3.04 | 5,965.7 |
BHARAT ELECTRONICS LTD | 13,861.60 | 12.46 | 172,767.0 |
BHARAT HEAVY ELECTRICALS LTD | 26,828.00 | 3.43 | 91,909.1 |
THERMAX LTD | 3,865.55 | 13.67 | 52,850.6 |
TRIVENI TURBINE LTD | 760.35 | 22.49 | 17,098.6 |
KIRLOSKAR OIL ENGINES LTD | 2,290.03 | 6.03 | 13,816.8 |
ELECON ENGINEERING COMPANY LTD | 1,604.03 | 8.04 | 12,897.4 |
PRAJ INDUSTRIES LTD | 1,075.34 | 8.89 | 9,560.1 |
SHRIRAM PISTONS & RINGS LTD | 1,527.46 | 5.91 | 9,023.6 |
KIRLOSKAR BROTHERS LTD | 1,403.88 | 7.38 | 10,359.7 |
TEGA INDUSTRIES LTD | 1,048.95 | 9.61 | 10,083.8 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs NESCO 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.04x |
Max industry PB | 22.49x |
Median industry PB | 8.04x |
Average industry PB | 9.18x |
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