RITES
|
The Current P/B Ratio of RITES is 6.22.
Share Price | ₹674.3 | Apr 24,2024 |
Market Cap | ₹16,202.2 Cr | |
Book Value | ₹2,603.8 Cr | Mar2023 - Consolidated Results |
Price/Book | 6.22x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of RITES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹16,202.2 Cr] as on Apr 24,2024
(/) Book Value [ ₹2,603.8 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 6.22x ]
Thus, for RITES , the investors are currently willing to pay '6.22 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 RITES !
The chart below summarizes the trend in P/B Ratio of RITES over the last five years.
Historical PB (Price/Book ) ratio chart of RITES
PB Ratio Performance Analysis for RITES
- RITES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.54x.
- RITES 's operated at median p/b ratio of 2.42x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, RITES 's p/b ratio peaked in Mar2023 at 3.27x.
- RITES 's p/b ratio hit its five-year low in Mar2019 of 2.14x.
How does RITES 's P/B Ratio benchmark against top 10 peers in Engineering Industry?
Peer Comparison (Engineering Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
RITES | 2,603.78 | 6.22 | 16,202.2 |
ENGINEERS INDIA LTD | 1,961.52 | 6.12 | 12,010.8 |
MTAR TECHNOLOGIES LTD | 620.13 | 9.45 | 5,861.1 |
KENNAMETAL INDIA LTD | 687.40 | 8.00 | 5,500.2 |
INOX GREEN ENERGY SERVICES LTD | 1,127.36 | 3.95 | 4,449.6 |
THEJO ENGINEERING LTD | 194.34 | 16.02 | 3,113.9 |
DIVGI TORQTRANSFER SYSTEMS LTD | 551.28 | 4.63 | 2,553.2 |
PITTI ENGINEERING LTD | 334.04 | 8.25 | 2,756.6 |
DEEP INDUSTRIES LTD | 1,370.15 | 1.36 | 1,857.0 |
LOKESH MACHINES LTD | 158.98 | 5.22 | 830.4 |
PRITIKA AUTO INDUSTRIES LTD | 153.71 | 3.03 | 466.4 |
Engineering Industry Benchmark (Top 10) PB Analysis vs RITES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.36x |
Max industry PB | 16.02x |
Median industry PB | 6.12x |
Average industry PB | 6.57x |
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