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SOMI CONVEYOR BELTINGS
PB (Price/Book ) Ratio

The Current P/B Ratio of SOMI CONVEYOR BELTINGS is 2.48.

Share Price ₹140.0Apr 23,2024
Market Cap ₹165.2 Cr
Book Value₹66.5 CrMar2023 - Standalone Results
Price/Book 2.48xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of SOMI CONVEYOR BELTINGS

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 SOMI CONVEYOR BELTINGS is calculated as :

Current Market Cap [ ₹165.2 Cr] as on Apr 23,2024

(/) Book Value [ ₹66.5 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 2.48x ]

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

Thus, for SOMI CONVEYOR BELTINGS , the investors are currently willing to pay '2.48 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 SOMI CONVEYOR BELTINGS !

The chart below summarizes the trend in P/B Ratio of SOMI CONVEYOR BELTINGS over the last five years.

Historical PB (Price/Book ) ratio chart of SOMI CONVEYOR BELTINGS


PB Ratio Performance Analysis for SOMI CONVEYOR BELTINGS

- SOMI CONVEYOR BELTINGS 's latest p/b ratio is 2.48x.

- SOMI CONVEYOR BELTINGS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.51x.

- SOMI CONVEYOR BELTINGS 's operated at median p/b ratio of 0.59x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SOMI CONVEYOR BELTINGS 's p/b ratio peaked in Mar2023 at 0.64x.

- SOMI CONVEYOR BELTINGS 's p/b ratio hit its five-year low in Mar2020 of 0.2x.


How does SOMI CONVEYOR BELTINGS 's P/B Ratio benchmark against top 10 peers in Rubber Products Industry?

Peer Comparison (Rubber Products Industry)Book ValuePB RatioMarket Cap
SOMI CONVEYOR BELTINGS 66.502.48165.2
APCOTEX INDUSTRIES LTD476.014.992,375.8
PIX TRANSMISSIONS LTD417.994.511,886.1
GRP LTD147.425.91871.1
RUBFILA INTERNATIONAL LTD252.091.59401.1
INDAG RUBBER LTD211.811.84390.1
CAPTAIN PIPES LTD20.0515.72315.2
DOLFIN RUBBERS LTD24.677.82192.9

Rubber Products Industry Benchmark (Top 10) PB Analysis vs SOMI CONVEYOR BELTINGS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.59x
Max industry PB 15.72x
Median industry PB 4.99x
Average industry PB 5.61x



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