SPICEJET
|
The Current P/B Ratio of SPICEJET is -0.84.
Share Price | ₹62.8 | Apr 23,2024 |
Market Cap | ₹4,917.4 Cr | |
Book Value | ₹-5,856.2 Cr | Mar2023 - Consolidated Results |
Price/Book | -0.84x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of SPICEJET
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹4,917.4 Cr] as on Apr 23,2024
(/) Book Value [ ₹-5,856.2 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ -0.84x ]
Thus, for SPICEJET , the investors are currently willing to pay '-0.84 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 SPICEJET !
The chart below summarizes the trend in P/B Ratio of SPICEJET over the last five years.
Historical PB (Price/Book ) ratio chart of SPICEJET
PB Ratio Performance Analysis for SPICEJET
- SPICEJET 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -4.10x.
- SPICEJET 's operated at median p/b ratio of -1.39x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SPICEJET 's p/b ratio peaked in Mar2023 at -0.31x.
- SPICEJET 's p/b ratio hit its five-year low in Mar2019 of -16.46x.
How does SPICEJET 's P/B Ratio benchmark against top 10 peers in Airlines Industry?
Peer Comparison (Airlines Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
SPICEJET | -5,856.21 | -0.84 | 4,917.4 |
INTERGLOBE AVIATION LTD | -6,294.64 | -22.70 | 142,860.0 |
TANEJA AEROSPACE & AVIATION LTD | 109.57 | 11.11 | 1,217.1 |
TAAL ENTERPRISES LTD | 124.16 | 7.07 | 878.2 |
JET AIRWAYS (INDIA) LTD | -17,506.50 | -0.03 | 534.1 |
GLOBAL VECTRA HELICORP LTD | 28.10 | 10.59 | 297.4 |
Airlines Industry Benchmark (Top 10) PB Analysis vs SPICEJET 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -22.70x |
Max industry PB | 11.11x |
Median industry PB | 7.07x |
Average industry PB | 0.87x |
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