SOMI CONVEYOR BELTINGS
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The Current P/B Ratio of SOMI CONVEYOR BELTINGS is 2.48.
Share Price | ₹140.0 | Apr 23,2024 |
Market Cap | ₹165.2 Cr | |
Book Value | ₹66.5 Cr | Mar2023 - Standalone Results |
Price/Book | 2.48x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of SOMI CONVEYOR BELTINGS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
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 ]
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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
SOMI CONVEYOR BELTINGS | 66.50 | 2.48 | 165.2 |
APCOTEX INDUSTRIES LTD | 476.01 | 4.99 | 2,375.8 |
PIX TRANSMISSIONS LTD | 417.99 | 4.51 | 1,886.1 |
GRP LTD | 147.42 | 5.91 | 871.1 |
RUBFILA INTERNATIONAL LTD | 252.09 | 1.59 | 401.1 |
INDAG RUBBER LTD | 211.81 | 1.84 | 390.1 |
CAPTAIN PIPES LTD | 20.05 | 15.72 | 315.2 |
DOLFIN RUBBERS LTD | 24.67 | 7.82 | 192.9 |
Rubber Products Industry Benchmark (Top 10) PB Analysis vs SOMI CONVEYOR BELTINGS 's P/B Ratio
Top 10 Industry Peers | PB 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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