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SHIVA TEXYARN
PB (Price/Book ) Ratio

The Current P/B Ratio of SHIVA TEXYARN is 1.63.

Share Price ₹168.3Apr 24,2024
Market Cap ₹218.7 Cr
Book Value₹134.1 CrMar2023 - Standalone Results
Price/Book 1.63xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of SHIVA TEXYARN

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 SHIVA TEXYARN is calculated as :

Current Market Cap [ ₹218.7 Cr] as on Apr 24,2024

(/) Book Value [ ₹134.1 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 1.63x ]

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

Thus, for SHIVA TEXYARN , the investors are currently willing to pay '1.63 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 SHIVA TEXYARN !

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

Historical PB (Price/Book ) ratio chart of SHIVA TEXYARN


PB Ratio Performance Analysis for SHIVA TEXYARN

- SHIVA TEXYARN 's latest p/b ratio is 1.63x.

- SHIVA TEXYARN 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.49x.

- SHIVA TEXYARN 's operated at median p/b ratio of 1.47x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHIVA TEXYARN 's p/b ratio peaked in Mar2019 at 1.99x.

- SHIVA TEXYARN 's p/b ratio hit its five-year low in Mar2020 of 0.94x.


How does SHIVA TEXYARN 's P/B Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Book ValuePB RatioMarket Cap
SHIVA TEXYARN 134.111.63218.7
TRIDENT LTD4,192.024.8520,343.1
FILATEX INDIA LTD1,098.372.582,837.1
NITIN SPINNERS LTD1,028.901.941,998.3
NAHAR SPINNING MILLS LTD1,553.890.671,047.2
SUTLEJ TEXTILES AND INDUSTRIES LTD1,109.400.88980.8
AMBIKA COTTON MILLS LTD816.621.10899.9
RAJAPALAYAM MILLS LTD2,241.720.40904.4
NAHAR INDUSTRIAL ENTERPRISES LTD959.710.59563.2
SUPER SALES INDIA LTD434.361.28554.6
PRECOT LTD405.711.19481.2

Textile - Spinning Industry Benchmark (Top 10) PB Analysis vs SHIVA TEXYARN 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.40x
Max industry PB 4.85x
Median industry PB 1.19x
Average industry PB 1.56x



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