PITTI ENGINEERING
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The Current P/B Ratio of PITTI ENGINEERING is 8.27.
| Share Price | ₹860.1 | Apr 24,2024 |
| Market Cap | ₹2,760.9 Cr | |
| Book Value | ₹334.0 Cr | Mar2023 - Consolidated Results |
| Price/Book | 8.27x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of PITTI ENGINEERING
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
Current Market Cap [ ₹2,760.9 Cr] as on Apr 24,2024
(/) Book Value [ ₹334.0 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 8.27x ]
P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.
Thus, for PITTI ENGINEERING , the investors are currently willing to pay '8.27 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 PITTI ENGINEERING !
The chart below summarizes the trend in P/B Ratio of PITTI ENGINEERING over the last five years.
Thus, for PITTI ENGINEERING , the investors are currently willing to pay '8.27 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 PITTI ENGINEERING !
The chart below summarizes the trend in P/B Ratio of PITTI ENGINEERING over the last five years.
Historical PB (Price/Book ) ratio chart of PITTI ENGINEERING
PB Ratio Performance Analysis for PITTI ENGINEERING
- PITTI ENGINEERING 's latest p/b ratio is 8.27x.
- PITTI ENGINEERING 's p/b ratio for fiscal years ending Mar2023 to Mar2021 averaged 2.38x.
- PITTI ENGINEERING 's operated at median p/b ratio of 2.59x from fiscal years ending March 2018 to 2022.
- Looking back at the last 3 fiscal years, PITTI ENGINEERING 's p/b ratio peaked in Mar2022 at 3.64x.
- PITTI ENGINEERING 's p/b ratio hit its five-year low in Mar2021 of 0.91x.
- PITTI ENGINEERING 's p/b ratio for fiscal years ending Mar2023 to Mar2021 averaged 2.38x.
- PITTI ENGINEERING 's operated at median p/b ratio of 2.59x from fiscal years ending March 2018 to 2022.
- Looking back at the last 3 fiscal years, PITTI ENGINEERING 's p/b ratio peaked in Mar2022 at 3.64x.
- PITTI ENGINEERING 's p/b ratio hit its five-year low in Mar2021 of 0.91x.
How does PITTI ENGINEERING 's P/B Ratio benchmark against top 10 peers in Engineering Industry?
| Peer Comparison (Engineering Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| PITTI ENGINEERING | 334.04 | 8.27 | 2,760.9 |
| RITES LTD | 2,603.78 | 6.22 | 16,202.3 |
| ENGINEERS INDIA LTD | 1,961.52 | 6.12 | 12,010.8 |
| MTAR TECHNOLOGIES LTD | 620.13 | 9.45 | 5,861.1 |
| KENNAMETAL INDIA LTD | 687.40 | 8.00 | 5,500.2 |
| INOX GREEN ENERGY SERVICES LTD | 1,127.36 | 3.95 | 4,449.6 |
| THEJO ENGINEERING LTD | 194.34 | 16.02 | 3,113.9 |
| DIVGI TORQTRANSFER SYSTEMS LTD | 551.28 | 4.63 | 2,553.2 |
| DEEP INDUSTRIES LTD | 1,370.15 | 1.36 | 1,857.0 |
| LOKESH MACHINES LTD | 158.98 | 5.22 | 830.4 |
| PRITIKA AUTO INDUSTRIES LTD | 153.71 | 3.03 | 466.4 |
Engineering Industry Benchmark (Top 10) PB Analysis vs PITTI ENGINEERING 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.36x |
| Max industry PB | 16.02x |
| Median industry PB | 6.12x |
| Average industry PB | 6.57x |
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