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PRIMO CHEMICALS
PB (Price/Book ) Ratio

The Current P/B Ratio of PRIMO CHEMICALS is 2.58.

Share Price ₹43.9Apr 23,2024
Market Cap ₹1,063.0 Cr
Book Value₹412.5 CrMar2023 - Consolidated Results
Price/Book 2.58xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of PRIMO CHEMICALS

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 PRIMO CHEMICALS is calculated as :

Current Market Cap [ ₹1,063.0 Cr] as on Apr 23,2024

(/) Book Value [ ₹412.5 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.58x ]

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

Thus, for PRIMO CHEMICALS , the investors are currently willing to pay '2.58 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 PRIMO CHEMICALS !

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

Historical PB (Price/Book ) ratio chart of PRIMO CHEMICALS


PB Ratio Performance Analysis for PRIMO CHEMICALS

- PRIMO CHEMICALS 's latest p/b ratio is 2.58x.

- PRIMO CHEMICALS 's p/b ratio for fiscal years ending Mar2023 to Jun2003 averaged 3.52x.

- PRIMO CHEMICALS 's operated at median p/b ratio of 4.75x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRIMO CHEMICALS 's p/b ratio peaked in Mar2022 at 8.8x.

- PRIMO CHEMICALS 's p/b ratio hit its five-year low in Jun2003 of -1.61x.


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

Peer Comparison (Chemicals Industry)Book ValuePB RatioMarket Cap
PRIMO CHEMICALS 412.472.581,063.0
PIDILITE INDUSTRIES LTD7,168.6420.69148,313.0
SOLAR INDUSTRIES INDIA LTD2,610.3429.9678,203.8
SRF LTD10,315.407.5277,574.4
GUJARAT FLUOROCHEMICALS LTD5,520.727.4040,874.1
DEEPAK NITRITE LTD4,089.967.9032,323.8
TATA CHEMICALS LTD19,721.001.4428,397.7
GODREJ INDUSTRIES LTD7,974.133.6128,785.4
AARTI INDUSTRIES LTD4,920.065.4626,841.6
ATUL LTD4,671.383.7417,449.7
VINATI ORGANICS LTD2,218.297.7417,169.6

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

Top 10 Industry PeersPB Ratio
Min industry PB 1.44x
Max industry PB 29.96x
Median industry PB 7.40x
Average industry PB 8.91x



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