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REDTAPE
PB (Price/Book ) Ratio

The Current P/B Ratio of REDTAPE is 21.44.

Share Price ₹739.6Apr 29,2024
Market Cap ₹10,220.6 Cr
Book Value₹476.8 CrMar2023 - Consolidated Results
Price/Book 21.44xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of REDTAPE

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 REDTAPE is calculated as :

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 ]

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

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 latest p/b ratio is 21.44x.

- 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 ValuePB RatioMarket Cap
REDTAPE 476.7621.4410,220.6
AVENUE SUPERMARTS LTD16,031.9018.20291,743.0
TRENT LTD4,067.7438.03154,689.0
METRO BRANDS LTD1,536.9118.9829,163.5
ADITYA BIRLA FASHION AND RETAIL LTD2,800.909.7327,263.2
BATA INDIA LTD1,438.2112.1417,464.3
SHOPPERS STOP LTD301.4225.997,834.5
ELECTRONICS MART INDIA LTD1,604.035.048,083.6
ETHOS LTD631.509.305,872.5
VAIBHAV GLOBAL LTD1,186.185.947,050.1
GO FASHION (INDIA) LTD520.4511.696,086.0

Retailing Industry Benchmark (Top 10) PB Analysis vs REDTAPE 's P/B Ratio

Top 10 Industry PeersPB 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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