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RELIANCE COMMUNICATIONS
PB (Price/Book ) Ratio

The Current P/B Ratio of RELIANCE COMMUNICATIONS is -0.01.

Share Price ₹1.7Apr 26,2024
Market Cap ₹459.1 Cr
Book Value₹-74,891.0 CrMar2023 - Consolidated Results
Price/Book -0.01xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of RELIANCE COMMUNICATIONS

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 RELIANCE COMMUNICATIONS is calculated as :

Current Market Cap [ ₹459.1 Cr] as on Apr 26,2024

(/) Book Value [ ₹-74,891.0 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ -0.01x ]

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

Thus, for RELIANCE COMMUNICATIONS , the investors are currently willing to pay '-0.01 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 RELIANCE COMMUNICATIONS !

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

Historical PB (Price/Book ) ratio chart of RELIANCE COMMUNICATIONS


PB Ratio Performance Analysis for RELIANCE COMMUNICATIONS

- RELIANCE COMMUNICATIONS 's latest p/b ratio is -0.01x.

- RELIANCE COMMUNICATIONS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -0.06x.

- RELIANCE COMMUNICATIONS 's operated at median p/b ratio of -0.01x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RELIANCE COMMUNICATIONS 's p/b ratio peaked in Mar2023 at 0x.

- RELIANCE COMMUNICATIONS 's p/b ratio hit its five-year low in Mar2019 of -0.27x.


How does RELIANCE COMMUNICATIONS 's P/B Ratio benchmark against top 10 peers in Telecommunication - Service Provider Industry?

Peer Comparison (Telecommunication - Service Provider Industry)Book ValuePB RatioMarket Cap
RELIANCE COMMUNICATIONS -74,891.00-0.01459.1
BHARTI AIRTEL LTD77,388.1010.38803,404.0
INDUS TOWERS LTD21,097.704.5195,198.6
VODAFONE IDEA LTD-74,362.90-1.2593,143.3
TATA COMMUNICATIONS LTD1,580.3631.6950,085.9
TATA TELESERVICES (MAHARASHTRA) LTD-19,252.90-0.8416,096.9
RAILTEL CORPORATION OF INDIA LTD1,648.887.8512,948.3
HATHWAY CABLE & DATACOM LTD4,289.550.923,934.9
MAHANAGAR TELEPHONE NIGAM LTD-20,855.00-0.112,366.3
GTL LTD-6,231.98-0.03167.4

Telecommunication - Service Provider Industry Benchmark (Top 10) PB Analysis vs RELIANCE COMMUNICATIONS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -1.25x
Max industry PB 31.69x
Median industry PB 0.92x
Average industry PB 5.31x



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