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PIDILITE INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of PIDILITE INDUSTRIES is 20.70.

Share Price ₹2,918.0Apr 25,2024
Market Cap ₹148,409.5 Cr
Book Value₹7,168.6 CrMar2023 - Consolidated Results
Price/Book 20.70xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of PIDILITE INDUSTRIES

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 PIDILITE INDUSTRIES is calculated as :

Current Market Cap [ ₹148,409.5 Cr] as on Apr 25,2024

(/) Book Value [ ₹7,168.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 20.70x ]

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

Thus, for PIDILITE INDUSTRIES , the investors are currently willing to pay '20.70 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 PIDILITE INDUSTRIES !

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

Historical PB (Price/Book ) ratio chart of PIDILITE INDUSTRIES


PB Ratio Performance Analysis for PIDILITE INDUSTRIES

- PIDILITE INDUSTRIES 's latest p/b ratio is 20.70x.

- PIDILITE INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 16.71x.

- PIDILITE INDUSTRIES 's operated at median p/b ratio of 16.52x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PIDILITE INDUSTRIES 's p/b ratio peaked in Mar2022 at 19.59x.

- PIDILITE INDUSTRIES 's p/b ratio hit its five-year low in Mar2019 of 15.25x.


How does PIDILITE INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Book ValuePB RatioMarket Cap
PIDILITE INDUSTRIES 7,168.6420.70148,409.5
SOLAR INDUSTRIES INDIA LTD2,610.3430.5079,616.3
SRF LTD10,315.407.5878,229.5
GUJARAT FLUOROCHEMICALS LTD5,520.727.2840,165.0
DEEPAK NITRITE LTD4,089.968.0833,033.7
TATA CHEMICALS LTD19,721.001.4428,335.3
GODREJ INDUSTRIES LTD7,974.133.6328,935.2
AARTI INDUSTRIES LTD4,920.065.5527,307.4
ATUL LTD4,671.383.7017,307.0
VINATI ORGANICS LTD2,218.297.4916,624.3
HIMADRI SPECIALITY CHEMICAL LTD3,045.585.9318,072.9

Chemicals Industry Benchmark (Top 10) PB Analysis vs PIDILITE INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.44x
Max industry PB 30.50x
Median industry PB 7.28x
Average industry PB 9.26x



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