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RAMKRISHNA FORGINGS
PB (Price/Book ) Ratio

The Current P/B Ratio of RAMKRISHNA FORGINGS is 10.84.

Share Price ₹773.3Apr 19,2024
Market Cap ₹13,989.0 Cr
Book Value₹1,290.7 CrMar2023 - Consolidated Results
Price/Book 10.84xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of RAMKRISHNA FORGINGS

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 RAMKRISHNA FORGINGS is calculated as :

Current Market Cap [ ₹13,989.0 Cr] as on Apr 19,2024

(/) Book Value [ ₹1,290.7 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 10.84x ]

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

Thus, for RAMKRISHNA FORGINGS , the investors are currently willing to pay '10.84 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 RAMKRISHNA FORGINGS !

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

Historical PB (Price/Book ) ratio chart of RAMKRISHNA FORGINGS


PB Ratio Performance Analysis for RAMKRISHNA FORGINGS

- RAMKRISHNA FORGINGS 's latest p/b ratio is 10.84x.

- RAMKRISHNA FORGINGS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.07x.

- RAMKRISHNA FORGINGS 's operated at median p/b ratio of 1.97x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RAMKRISHNA FORGINGS 's p/b ratio peaked in Mar2023 at 3.55x.

- RAMKRISHNA FORGINGS 's p/b ratio hit its five-year low in Mar2020 of 0.57x.


How does RAMKRISHNA FORGINGS 's P/B Ratio benchmark against top 10 peers in Forgings Industry?

Peer Comparison (Forgings Industry)Book ValuePB RatioMarket Cap
RAMKRISHNA FORGINGS 1,290.7010.8413,989.0
BHARAT FORGE LTD6,701.798.2955,549.4
CIE AUTOMOTIVE INDIA LTD4,939.943.7218,372.5
MM FORGINGS LTD673.013.802,554.6
LGB FORGE LTD30.178.02242.0
HILTON METAL FORGING LTD89.122.75245.3
KALYANI FORGE LTD105.481.50158.0
SAMRAT FORGINGS LTD28.505.13146.1
TIRUPATI FORGE LTD36.245.06183.3
GANGA FORGING LTD13.338.96119.4

Forgings Industry Benchmark (Top 10) PB Analysis vs RAMKRISHNA FORGINGS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.50x
Max industry PB 10.84x
Median industry PB 5.13x
Average industry PB 5.81x



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