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SHRIRAM PISTONS & RINGS
PB (Price/Book ) Ratio

The Current P/B Ratio of SHRIRAM PISTONS & RINGS is 5.92.

Share Price ₹2,055.0Apr 25,2024
Market Cap ₹9,041.8 Cr
Book Value₹1,527.5 CrMar2023 - Consolidated Results
Price/Book 5.92xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of SHRIRAM PISTONS & RINGS

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 SHRIRAM PISTONS & RINGS is calculated as :

Current Market Cap [ ₹9,041.8 Cr] as on Apr 25,2024

(/) Book Value [ ₹1,527.5 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 5.92x ]

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

Thus, for SHRIRAM PISTONS & RINGS , the investors are currently willing to pay '5.92 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 SHRIRAM PISTONS & RINGS !

The chart below summarizes the trend in P/B Ratio of SHRIRAM PISTONS & RINGS over the last five years.

Historical PB (Price/Book ) ratio chart of SHRIRAM PISTONS & RINGS


PB Ratio Performance Analysis for SHRIRAM PISTONS & RINGS

- SHRIRAM PISTONS & RINGS 's latest p/b ratio is 5.92x.

- SHRIRAM PISTONS & RINGS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.47x.

- SHRIRAM PISTONS & RINGS 's operated at median p/b ratio of 1.46x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHRIRAM PISTONS & RINGS 's p/b ratio peaked in Mar2019 at 2.26x.

- SHRIRAM PISTONS & RINGS 's p/b ratio hit its five-year low in Mar2020 of 0.84x.


How does SHRIRAM PISTONS & RINGS 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
SHRIRAM PISTONS & RINGS 1,527.465.929,041.8
BHARAT ELECTRONICS LTD13,861.6012.53173,753.0
BHARAT HEAVY ELECTRICALS LTD26,828.003.5394,572.8
THERMAX LTD3,865.5513.2751,308.1
TRIVENI TURBINE LTD760.3522.2016,882.4
KIRLOSKAR OIL ENGINES LTD2,290.036.0413,827.7
ELECON ENGINEERING COMPANY LTD1,604.037.9912,811.0
PRAJ INDUSTRIES LTD1,075.348.859,518.8
KIRLOSKAR BROTHERS LTD1,403.887.5210,563.4
TEGA INDUSTRIES LTD1,048.959.6510,121.0
ION EXCHANGE (INDIA) LTD833.499.808,170.1

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs SHRIRAM PISTONS & RINGS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.53x
Max industry PB 22.20x
Median industry PB 8.85x
Average industry PB 9.76x



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