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SAL STEEL
PB (Price/Book ) Ratio

The Current P/B Ratio of SAL STEEL is 3.91.

Share Price ₹19.1Apr 16,2024
Market Cap ₹162.4 Cr
Book Value₹41.5 CrMar2023 - Standalone Results
Price/Book 3.91xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of SAL STEEL

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 SAL STEEL is calculated as :

Current Market Cap [ ₹162.4 Cr] as on Apr 16,2024

(/) Book Value [ ₹41.5 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 3.91x ]

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

Thus, for SAL STEEL , the investors are currently willing to pay '3.91 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 SAL STEEL !

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

Historical PB (Price/Book ) ratio chart of SAL STEEL


PB Ratio Performance Analysis for SAL STEEL

- SAL STEEL 's latest p/b ratio is 3.91x.

- SAL STEEL 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -5.31x.

- SAL STEEL 's operated at median p/b ratio of 1x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SAL STEEL 's p/b ratio peaked in Mar2023 at 2.79x.

- SAL STEEL 's p/b ratio hit its five-year low in Mar2019 of -33.56x.


How does SAL STEEL 's P/B Ratio benchmark against top 10 peers in Steel/Sponge Iron/Pig Iron Industry?

Peer Comparison (Steel/Sponge Iron/Pig Iron Industry)Book ValuePB RatioMarket Cap
SAL STEEL 41.533.91162.4
JINDAL STEEL & POWER LTD38,706.602.3891,976.2
LLOYDS METALS & ENERGY LTD1,521.6623.1535,226.3
JAI BALAJI INDUSTRIES LTD511.8233.7017,250.2
STEEL EXCHANGE INDIA LTD506.613.311,679.1
SURAJ PRODUCTS LTD103.145.69586.4
KIC METALIKS LTD177.801.10195.3
BIHAR SPONGE IRON LTD-63.19-2.23140.9
VASWANI INDUSTRIES LTD112.650.95106.6

Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PB Analysis vs SAL STEEL 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -2.23x
Max industry PB 33.70x
Median industry PB 3.31x
Average industry PB 7.99x



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