REDINGTON
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The Current P/B Ratio of REDINGTON is 2.49.
Share Price | ₹220.4 | Apr 24,2024 |
Market Cap | ₹17,230.9 Cr | |
Book Value | ₹6,923.2 Cr | Mar2023 - Consolidated Results |
Price/Book | 2.49x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of REDINGTON
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹17,230.9 Cr] as on Apr 24,2024
(/) Book Value [ ₹6,923.2 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 2.49x ]
Thus, for REDINGTON , the investors are currently willing to pay '2.49 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 REDINGTON !
The chart below summarizes the trend in P/B Ratio of REDINGTON over the last five years.
Historical PB (Price/Book ) ratio chart of REDINGTON
PB Ratio Performance Analysis for REDINGTON
- REDINGTON 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.40x.
- REDINGTON 's operated at median p/b ratio of 1.51x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, REDINGTON 's p/b ratio peaked in Mar2022 at 1.96x.
- REDINGTON 's p/b ratio hit its five-year low in Mar2020 of 0.62x.
How does REDINGTON 's P/B Ratio benchmark against top 10 peers in Trading Industry?
Peer Comparison (Trading Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
REDINGTON | 6,923.17 | 2.49 | 17,230.9 |
ADANI ENTERPRISES LTD | 33,051.00 | 10.50 | 346,885.0 |
HONASA CONSUMER LTD | 555.41 | 24.92 | 13,842.0 |
MMTC LTD | 1,410.63 | 8.02 | 11,307.0 |
MSTC LTD | 786.50 | 7.86 | 6,180.8 |
LLOYDS ENTERPRISES LTD | 1,010.97 | 4.54 | 4,592.4 |
VERITAS (INDIA) LTD | 2,303.70 | 1.71 | 3,938.0 |
NOVARTIS INDIA LTD | 775.70 | 3.27 | 2,533.8 |
OPTIEMUS INFRACOM LTD | 382.46 | 6.33 | 2,422.5 |
MISHTANN FOODS LTD | 150.21 | 13.27 | 1,992.8 |
SIRCA PAINTS INDIA LTD | 265.50 | 6.60 | 1,752.5 |
Trading Industry Benchmark (Top 10) PB Analysis vs REDINGTON 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.71x |
Max industry PB | 24.92x |
Median industry PB | 6.60x |
Average industry PB | 8.14x |
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