OIL & NATURAL GAS CORPORATION
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The Current P/B Ratio of OIL & NATURAL GAS CORPORATION is 1.23.
Share Price | ₹274.3 | Apr 18,2024 |
Market Cap | ₹345,077.6 Cr | |
Book Value | ₹280,647.0 Cr | Mar2023 - Consolidated Results |
Price/Book | 1.23x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of OIL & NATURAL GAS CORPORATION
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹345,077.6 Cr] as on Apr 18,2024
(/) Book Value [ ₹280,647.0 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 1.23x ]
Thus, for OIL & NATURAL GAS CORPORATION , the investors are currently willing to pay '1.23 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 OIL & NATURAL GAS CORPORATION !
The chart below summarizes the trend in P/B Ratio of OIL & NATURAL GAS CORPORATION over the last five years.
Historical PB (Price/Book ) ratio chart of OIL & NATURAL GAS CORPORATION
PB Ratio Performance Analysis for OIL & NATURAL GAS CORPORATION
- OIL & NATURAL GAS CORPORATION 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.68x.
- OIL & NATURAL GAS CORPORATION 's operated at median p/b ratio of 0.68x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, OIL & NATURAL GAS CORPORATION 's p/b ratio peaked in Mar2019 at 0.93x.
- OIL & NATURAL GAS CORPORATION 's p/b ratio hit its five-year low in Mar2020 of 0.42x.
How does OIL & NATURAL GAS CORPORATION 's P/B Ratio benchmark against top 10 peers in Oil Exploration Industry?
Peer Comparison (Oil Exploration Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
OIL & NATURAL GAS CORPORATION | 280,647.00 | 1.23 | 345,077.6 |
OIL INDIA LTD | 38,481.50 | 1.70 | 65,384.2 |
HINDUSTAN OIL EXPLORATION COMPANY LTD | 947.20 | 2.75 | 2,603.2 |
JINDAL DRILLING & INDUSTRIES LTD | 1,309.28 | 1.64 | 2,153.7 |
ASIAN ENERGY SERVICES LTD | 199.39 | 5.70 | 1,136.3 |
SELAN EXPLORATION TECHNOLOGY LTD | 359.89 | 2.65 | 952.3 |
DEEP ENERGY RESOURCES LTD | 399.52 | 1.47 | 588.6 |
ABAN OFFSHORE LTD | -22,296.80 | -0.02 | 383.5 |
GUJARAT NATURAL RESOURCES LTD | 109.47 | 1.22 | 133.5 |
AAKASH EXPLORATION SERVICES LTD | 52.30 | 2.08 | 108.8 |
Oil Exploration Industry Benchmark (Top 10) PB Analysis vs OIL & NATURAL GAS CORPORATION 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.02x |
Max industry PB | 5.70x |
Median industry PB | 1.70x |
Average industry PB | 2.04x |
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