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OIL & NATURAL GAS CORPORATION
PB (Price/Book ) Ratio

The Current P/B Ratio of OIL & NATURAL GAS CORPORATION is 1.23.

Share Price ₹274.3Apr 18,2024
Market Cap ₹345,077.6 Cr
Book Value₹280,647.0 CrMar2023 - Consolidated Results
Price/Book 1.23xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of OIL & NATURAL GAS CORPORATION

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 OIL & NATURAL GAS CORPORATION is calculated as :

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 ]

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

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 latest p/b ratio is 1.23x.

- 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 ValuePB RatioMarket Cap
OIL & NATURAL GAS CORPORATION 280,647.001.23345,077.6
OIL INDIA LTD38,481.501.7065,384.2
HINDUSTAN OIL EXPLORATION COMPANY LTD947.202.752,603.2
JINDAL DRILLING & INDUSTRIES LTD1,309.281.642,153.7
ASIAN ENERGY SERVICES LTD199.395.701,136.3
SELAN EXPLORATION TECHNOLOGY LTD359.892.65952.3
DEEP ENERGY RESOURCES LTD399.521.47588.6
ABAN OFFSHORE LTD-22,296.80-0.02383.5
GUJARAT NATURAL RESOURCES LTD109.471.22133.5
AAKASH EXPLORATION SERVICES LTD52.302.08108.8

Oil Exploration Industry Benchmark (Top 10) PB Analysis vs OIL & NATURAL GAS CORPORATION 's P/B Ratio

Top 10 Industry PeersPB 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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