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PRECISION WIRES INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of PRECISION WIRES INDIA is 5.20.

Share Price ₹131.0May 13,2024
Market Cap ₹2,341.0 Cr
Book Value₹450.3 CrMar2023 - Standalone Results
Price/Book 5.20xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of PRECISION WIRES INDIA

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 PRECISION WIRES INDIA is calculated as :

Current Market Cap [ ₹2,341.0 Cr] as on May 13,2024

(/) Book Value [ ₹450.3 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 5.20x ]

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

Thus, for PRECISION WIRES INDIA , the investors are currently willing to pay '5.20 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 PRECISION WIRES INDIA !

The chart below summarizes the trend in P/B Ratio of PRECISION WIRES INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of PRECISION WIRES INDIA


PB Ratio Performance Analysis for PRECISION WIRES INDIA

- PRECISION WIRES INDIA 's latest p/b ratio is 5.20x.

- PRECISION WIRES INDIA 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.74x.

- PRECISION WIRES INDIA 's operated at median p/b ratio of 1.75x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRECISION WIRES INDIA 's p/b ratio peaked in Mar2023 at 2.55x.

- PRECISION WIRES INDIA 's p/b ratio hit its five-year low in Mar2020 of 0.55x.


How does PRECISION WIRES INDIA 's P/B Ratio benchmark against top 10 peers in Cable Industry?

Peer Comparison (Cable Industry)Book ValuePB RatioMarket Cap
PRECISION WIRES INDIA 450.315.202,341.0
POLYCAB INDIA LTD8,187.1311.7996,548.0
KEI INDUSTRIES LTD3,148.2611.1935,244.7
RR KABEL LTD1,418.4313.3618,945.1
FINOLEX CABLES LTD4,370.363.5615,554.7
STERLITE TECHNOLOGIES LTD2,023.002.935,936.2
PARAMOUNT COMMUNICATIONS LTD249.878.942,233.9
UNIVERSAL CABLES LTD1,496.611.311,959.1
DYNAMIC CABLES LTD177.436.471,147.2
BIRLA CABLE LTD251.002.84713.4
DELTON CABLES LTD56.715.89333.9

Cable Industry Benchmark (Top 10) PB Analysis vs PRECISION WIRES INDIA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.31x
Max industry PB 13.36x
Median industry PB 5.89x
Average industry PB 6.68x



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