NORTH EASTERN CARRYING CORPORATION
|
The Current P/B Ratio of NORTH EASTERN CARRYING CORPORATION is 2.47.
Share Price | ₹27.0 | Apr 24,2024 |
Market Cap | ₹259.3 Cr | |
Book Value | ₹104.9 Cr | Mar2023 - Standalone Results |
Price/Book | 2.47x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of NORTH EASTERN CARRYING CORPORATION
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹259.3 Cr] as on Apr 24,2024
(/) Book Value [ ₹104.9 Cr] based on Mar2023 - Standalone Results
(=) P/B Ratio [ 2.47x ]
Thus, for NORTH EASTERN CARRYING CORPORATION , the investors are currently willing to pay '2.47 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 NORTH EASTERN CARRYING CORPORATION !
The chart below summarizes the trend in P/B Ratio of NORTH EASTERN CARRYING CORPORATION over the last five years.
Historical PB (Price/Book ) ratio chart of NORTH EASTERN CARRYING CORPORATION
PB Ratio Performance Analysis for NORTH EASTERN CARRYING CORPORATION
- NORTH EASTERN CARRYING CORPORATION 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.72x.
- NORTH EASTERN CARRYING CORPORATION 's operated at median p/b ratio of 0.48x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NORTH EASTERN CARRYING CORPORATION 's p/b ratio peaked in Mar2022 at 1.64x.
- NORTH EASTERN CARRYING CORPORATION 's p/b ratio hit its five-year low in Mar2020 of 0.19x.
How does NORTH EASTERN CARRYING CORPORATION 's P/B Ratio benchmark against top 10 peers in Logistics Industry?
Peer Comparison (Logistics Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
NORTH EASTERN CARRYING CORPORATION | 104.86 | 2.47 | 259.3 |
CONTAINER CORPORATION OF INDIA LTD | 11,226.00 | 5.28 | 59,281.3 |
AEGIS LOGISTICS LTD | 3,532.34 | 6.00 | 21,196.9 |
ALLCARGO LOGISTICS LTD | 2,797.71 | 2.65 | 7,417.1 |
TVS SUPPLY CHAIN SOLUTIONS LTD | 668.71 | 11.83 | 7,912.8 |
TRANSPORT CORPORATION OF INDIA LTD | 1,691.75 | 4.01 | 6,779.7 |
GATEWAY DISTRIPARKS LTD | 1,776.60 | 3.01 | 5,353.7 |
VRL LOGISTICS LTD | 975.84 | 5.03 | 4,912.7 |
MAHINDRA LOGISTICS LTD | 492.46 | 6.83 | 3,362.2 |
LANCER CONTAINER LINES LTD | 183.30 | 8.93 | 1,637.6 |
NAVKAR CORPORATION LTD | 1,976.52 | 0.81 | 1,602.7 |
Logistics Industry Benchmark (Top 10) PB Analysis vs NORTH EASTERN CARRYING CORPORATION 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.81x |
Max industry PB | 11.83x |
Median industry PB | 5.03x |
Average industry PB | 5.17x |
You may also like the below Video Courses