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RACE ECO CHAIN
PB (Price/Book ) Ratio

The Current P/B Ratio of RACE ECO CHAIN is 26.13.

Share Price ₹327.8Apr 26,2024
Market Cap ₹537.6 Cr
Book Value₹20.6 CrMar2023 - Standalone Results
Price/Book 26.13xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of RACE ECO CHAIN

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 RACE ECO CHAIN is calculated as :

Current Market Cap [ ₹537.6 Cr] as on Apr 26,2024

(/) Book Value [ ₹20.6 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 26.13x ]

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

Thus, for RACE ECO CHAIN , the investors are currently willing to pay '26.13 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 RACE ECO CHAIN !

The chart below summarizes the trend in P/B Ratio of RACE ECO CHAIN over the last five years.

Historical PB (Price/Book ) ratio chart of RACE ECO CHAIN


PB Ratio Performance Analysis for RACE ECO CHAIN

- RACE ECO CHAIN 's latest p/b ratio is 26.13x.

- RACE ECO CHAIN 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 11.67x.

- RACE ECO CHAIN 's operated at median p/b ratio of 14.5x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RACE ECO CHAIN 's p/b ratio peaked in Mar2021 at 23.58x.

- RACE ECO CHAIN 's p/b ratio hit its five-year low in Mar2020 of 0x.


How does RACE ECO CHAIN 's P/B Ratio benchmark against top 10 peers in Environmental Services Industry?

Peer Comparison (Environmental Services Industry)Book ValuePB RatioMarket Cap
RACE ECO CHAIN 20.5726.13537.6
VA TECH WABAG LTD1,574.893.906,134.5
ANTONY WASTE HANDLING CELL LTD485.272.981,446.4
ECO RECYCLING LTD45.8322.901,049.4

Environmental Services Industry Benchmark (Top 10) PB Analysis vs RACE ECO CHAIN 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.98x
Max industry PB 26.13x
Median industry PB 22.90x
Average industry PB 13.98x



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