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RAMA STEEL TUBES
PB (Price/Book ) Ratio

The Current P/B Ratio of RAMA STEEL TUBES is 9.44.

Share Price ₹13.7Apr 26,2024
Market Cap ₹2,129.3 Cr
Book Value₹225.5 CrMar2023 - Consolidated Results
Price/Book 9.44xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of RAMA STEEL TUBES

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 RAMA STEEL TUBES is calculated as :

Current Market Cap [ ₹2,129.3 Cr] as on Apr 26,2024

(/) Book Value [ ₹225.5 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 9.44x ]

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

Thus, for RAMA STEEL TUBES , the investors are currently willing to pay '9.44 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 RAMA STEEL TUBES !

The chart below summarizes the trend in P/B Ratio of RAMA STEEL TUBES over the last five years.

Historical PB (Price/Book ) ratio chart of RAMA STEEL TUBES


PB Ratio Performance Analysis for RAMA STEEL TUBES

- RAMA STEEL TUBES 's latest p/b ratio is 9.44x.

- RAMA STEEL TUBES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.74x.

- RAMA STEEL TUBES 's operated at median p/b ratio of 2.16x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RAMA STEEL TUBES 's p/b ratio peaked in Mar2023 at 5.76x.

- RAMA STEEL TUBES 's p/b ratio hit its five-year low in Mar2020 of 0.37x.


How does RAMA STEEL TUBES 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
RAMA STEEL TUBES 225.539.442,129.3
JSW STEEL LTD65,287.003.32216,814.0
TATA STEEL LTD103,082.002.01207,038.0
JINDAL STAINLESS LTD11,931.204.8457,722.8
STEEL AUTHORITY OF INDIA LTD54,746.701.2769,599.4
APL APOLLO TUBES LTD3,003.7914.3343,046.8
MOTHERSON SUMI WIRING INDIA LTD1,330.5023.1230,766.5
RATNAMANI METALS & TUBES LTD2,603.908.1121,119.1
SHYAM METALICS AND ENERGY LTD7,162.452.5017,874.2
WELSPUN CORP LTD4,718.863.1714,950.3
JINDAL SAW LTD7,922.762.2617,874.3

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs RAMA STEEL TUBES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.27x
Max industry PB 23.12x
Median industry PB 3.32x
Average industry PB 6.76x



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