REDTAPE
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The Current P/B Ratio of REDTAPE is 21.44.
Share Price | ₹739.6 | Apr 29,2024 |
Market Cap | ₹10,220.6 Cr | |
Book Value | ₹476.8 Cr | Mar2023 - Consolidated Results |
Price/Book | 21.44x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of REDTAPE
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹10,220.6 Cr] as on Apr 29,2024
(/) Book Value [ ₹476.8 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 21.44x ]
Thus, for REDTAPE , the investors are currently willing to pay '21.44 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 REDTAPE !
The chart below summarizes the trend in P/B Ratio of REDTAPE over the last five years.
Historical PB (Price/Book ) ratio chart of REDTAPE
PB Ratio Performance Analysis for REDTAPE
- REDTAPE 's p/b ratio for fiscal years ending Mar2023 to Mar2023 averaged 0.00x.
- REDTAPE 's operated at median p/b ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 1 fiscal years, REDTAPE 's p/b ratio peaked in Mar2023 at 0x.
- REDTAPE 's p/b ratio hit its five-year low in Mar2023 of 0x.
How does REDTAPE 's P/B Ratio benchmark against top 10 peers in Retailing Industry?
Peer Comparison (Retailing Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
REDTAPE | 476.76 | 21.44 | 10,220.6 |
AVENUE SUPERMARTS LTD | 16,031.90 | 18.20 | 291,743.0 |
TRENT LTD | 4,067.74 | 38.03 | 154,689.0 |
METRO BRANDS LTD | 1,536.91 | 18.98 | 29,163.5 |
ADITYA BIRLA FASHION AND RETAIL LTD | 2,800.90 | 9.73 | 27,263.2 |
BATA INDIA LTD | 1,438.21 | 12.14 | 17,464.3 |
SHOPPERS STOP LTD | 301.42 | 25.99 | 7,834.5 |
ELECTRONICS MART INDIA LTD | 1,604.03 | 5.04 | 8,083.6 |
ETHOS LTD | 631.50 | 9.30 | 5,872.5 |
VAIBHAV GLOBAL LTD | 1,186.18 | 5.94 | 7,050.1 |
GO FASHION (INDIA) LTD | 520.45 | 11.69 | 6,086.0 |
Retailing Industry Benchmark (Top 10) PB Analysis vs REDTAPE 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 5.04x |
Max industry PB | 38.03x |
Median industry PB | 12.14x |
Average industry PB | 16.04x |
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