PRECOT
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The Current P/B Ratio of PRECOT is 1.14.
Share Price | ₹384.2 | May 03,2024 |
Market Cap | ₹461.0 Cr | |
Book Value | ₹405.7 Cr | Mar2023 - Consolidated Results |
Price/Book | 1.14x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of PRECOT
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹461.0 Cr] as on May 03,2024
(/) Book Value [ ₹405.7 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 1.14x ]
Thus, for PRECOT , the investors are currently willing to pay '1.14 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 PRECOT !
The chart below summarizes the trend in P/B Ratio of PRECOT over the last five years.
Historical PB (Price/Book ) ratio chart of PRECOT
PB Ratio Performance Analysis for PRECOT
- PRECOT 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.40x.
- PRECOT 's operated at median p/b ratio of 0.38x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, PRECOT 's p/b ratio peaked in Mar2022 at 0.85x.
- PRECOT 's p/b ratio hit its five-year low in Mar2020 of 0.08x.
How does PRECOT 's P/B Ratio benchmark against top 10 peers in Textile - Spinning Industry?
Peer Comparison (Textile - Spinning Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
PRECOT | 405.71 | 1.14 | 461.0 |
TRIDENT LTD | 4,192.02 | 4.81 | 20,144.3 |
FILATEX INDIA LTD | 1,204.09 | 2.26 | 2,716.0 |
NITIN SPINNERS LTD | 1,028.90 | 2.00 | 2,057.4 |
NAHAR SPINNING MILLS LTD | 1,553.89 | 0.65 | 1,007.1 |
SUTLEJ TEXTILES AND INDUSTRIES LTD | 1,109.40 | 0.87 | 959.7 |
AMBIKA COTTON MILLS LTD | 816.62 | 1.10 | 900.7 |
RAJAPALAYAM MILLS LTD | 2,241.72 | 0.40 | 898.2 |
NAHAR INDUSTRIAL ENTERPRISES LTD | 959.71 | 0.58 | 556.9 |
SUPER SALES INDIA LTD | 434.36 | 1.31 | 569.2 |
MARAL OVERSEAS LTD | 140.99 | 2.26 | 319.0 |
Textile - Spinning Industry Benchmark (Top 10) PB Analysis vs PRECOT 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.40x |
Max industry PB | 4.81x |
Median industry PB | 1.14x |
Average industry PB | 1.58x |
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