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PRIMA PLASTICS
PB (Price/Book ) Ratio

The Current P/B Ratio of PRIMA PLASTICS is 1.44.

Share Price ₹177.6May 10,2024
Market Cap ₹195.4 Cr
Book Value₹136.1 CrMar2023 - Consolidated Results
Price/Book 1.44xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of PRIMA PLASTICS

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 PRIMA PLASTICS is calculated as :

Current Market Cap [ ₹195.4 Cr] as on May 10,2024

(/) Book Value [ ₹136.1 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 1.44x ]

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

Thus, for PRIMA PLASTICS , the investors are currently willing to pay '1.44 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 PRIMA PLASTICS !

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

Historical PB (Price/Book ) ratio chart of PRIMA PLASTICS


PB Ratio Performance Analysis for PRIMA PLASTICS

- PRIMA PLASTICS 's latest p/b ratio is 1.44x.

- PRIMA PLASTICS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.78x.

- PRIMA PLASTICS 's operated at median p/b ratio of 0.77x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRIMA PLASTICS 's p/b ratio peaked in Mar2019 at 1.21x.

- PRIMA PLASTICS 's p/b ratio hit its five-year low in Mar2020 of 0.29x.


How does PRIMA PLASTICS 's P/B Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Book ValuePB RatioMarket Cap
PRIMA PLASTICS 136.061.44195.4
ASTRAL LTD2,709.2021.4158,012.7
SUPREME INDUSTRIES LTD5,108.8313.1167,000.3
FINOLEX INDUSTRIES LTD5,634.273.0116,966.9
RESPONSIVE INDUSTRIES LTD1,003.387.677,699.7
PRINCE PIPES AND FITTINGS LTD1,363.965.187,060.4
EPL LTD1,956.603.106,063.5
JAI CORP LTD1,431.823.655,226.8
TIME TECHNOPLAST LTD2,265.812.656,006.8
GARWARE HITECH FILMS LTD1,855.822.043,777.4
JAIN IRRIGATION SYSTEMS LTD5,135.800.894,580.8

Plastic Products Industry Benchmark (Top 10) PB Analysis vs PRIMA PLASTICS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.89x
Max industry PB 21.41x
Median industry PB 3.10x
Average industry PB 5.83x



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