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RAM RATNA WIRES
PB (Price/Book ) Ratio

The Current P/B Ratio of RAM RATNA WIRES is 4.68.

Share Price ₹331.3Apr 25,2024
Market Cap ₹1,457.5 Cr
Book Value₹311.6 CrMar2023 - Consolidated Results
Price/Book 4.68xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of RAM RATNA WIRES

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 RAM RATNA WIRES is calculated as :

Current Market Cap [ ₹1,457.5 Cr] as on Apr 25,2024

(/) Book Value [ ₹311.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 4.68x ]

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

Thus, for RAM RATNA WIRES , the investors are currently willing to pay '4.68 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 RAM RATNA WIRES !

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

Historical PB (Price/Book ) ratio chart of RAM RATNA WIRES


PB Ratio Performance Analysis for RAM RATNA WIRES

- RAM RATNA WIRES 's latest p/b ratio is 4.68x.

- RAM RATNA WIRES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.29x.

- RAM RATNA WIRES 's operated at median p/b ratio of 1.2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RAM RATNA WIRES 's p/b ratio peaked in Mar2023 at 2.23x.

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


How does RAM RATNA WIRES 's P/B Ratio benchmark against top 10 peers in Metal - Non Ferrous Industry?

Peer Comparison (Metal - Non Ferrous Industry)Book ValuePB RatioMarket Cap
RAM RATNA WIRES 311.654.681,457.5
HINDUSTAN ZINC LTD15,195.0011.44173,893.0
HINDALCO INDUSTRIES LTD95,004.001.53145,283.0
VEDANTA LTD30,722.004.61141,551.0
HINDUSTAN COPPER LTD2,082.1717.6936,824.3
GRAVITA INDIA LTD588.9311.376,695.0
SHIVALIK BIMETAL CONTROLS LTD265.5012.533,327.5
BHARAT WIRE ROPES LTD560.153.722,081.1
NILE LTD199.622.05409.3
RAJNANDINI METAL LTD41.437.24300.0
SHERA ENERGY LTD89.145.01446.7

Metal - Non Ferrous Industry Benchmark (Top 10) PB Analysis vs RAM RATNA WIRES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.53x
Max industry PB 17.69x
Median industry PB 5.01x
Average industry PB 7.44x



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