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RATNAMANI METALS & TUBES
PB (Price/Book ) Ratio

The Current P/B Ratio of RATNAMANI METALS & TUBES is 8.61.

Share Price ₹3,197.9May 03,2024
Market Cap ₹22,416.9 Cr
Book Value₹2,603.9 CrMar2023 - Consolidated Results
Price/Book 8.61xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of RATNAMANI METALS & 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 RATNAMANI METALS & TUBES is calculated as :

Current Market Cap [ ₹22,416.9 Cr] as on May 03,2024

(/) Book Value [ ₹2,603.9 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 8.61x ]

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

Thus, for RATNAMANI METALS & TUBES , the investors are currently willing to pay '8.61 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 RATNAMANI METALS & TUBES !

The chart below summarizes the trend in P/B Ratio of RATNAMANI METALS & TUBES over the last five years.

Historical PB (Price/Book ) ratio chart of RATNAMANI METALS & TUBES


PB Ratio Performance Analysis for RATNAMANI METALS & TUBES

- RATNAMANI METALS & TUBES 's latest p/b ratio is 8.61x.

- RATNAMANI METALS & TUBES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.08x.

- RATNAMANI METALS & TUBES 's operated at median p/b ratio of 4.47x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RATNAMANI METALS & TUBES 's p/b ratio peaked in Mar2022 at 5.4x.

- RATNAMANI METALS & TUBES 's p/b ratio hit its five-year low in Mar2020 of 2.47x.


How does RATNAMANI METALS & 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
RATNAMANI METALS & TUBES 2,603.908.6122,416.9
JSW STEEL LTD65,287.003.27213,561.0
TATA STEEL LTD103,082.002.02207,787.0
JINDAL STAINLESS LTD11,931.205.0660,312.5
STEEL AUTHORITY OF INDIA LTD54,746.701.2769,351.5
APL APOLLO TUBES LTD3,003.7914.6744,057.0
MOTHERSON SUMI WIRING INDIA LTD1,330.5022.7630,280.2
SHYAM METALICS AND ENERGY LTD7,162.452.3917,137.3
WELSPUN CORP LTD4,718.863.3315,717.0
JINDAL SAW LTD7,922.762.3218,392.3
MAHARASHTRA SEAMLESS LTD4,773.962.4411,632.5

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

Top 10 Industry PeersPB Ratio
Min industry PB 1.27x
Max industry PB 22.76x
Median industry PB 3.27x
Average industry PB 6.19x



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