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SPICEJET
PB (Price/Book ) Ratio

The Current P/B Ratio of SPICEJET is -2.72.

Share Price ₹37.4Jul 28,2025
Market Cap ₹5,283.3 Cr
Book Value₹-1,942.4 CrMar2025 - Consolidated Results
Price/Book -2.72xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of SPICEJET

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 SPICEJET is calculated as :

Current Market Cap [ ₹5,283.3 Cr] as on Jul 28,2025

(/) Book Value [ ₹-1,942.4 Cr] based on Mar2025 - Consolidated Results

(=) P/B Ratio [ -2.72x ]

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

Thus, for SPICEJET , the investors are currently willing to pay '-2.72 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 latest p/b ratio is -2.72x.

- SPICEJET 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged -0.98x.

- SPICEJET 's operated at median p/b ratio of -0.86x 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 Mar2021 of -1.6x.


How does SPICEJET 's P/B Ratio benchmark against top 10 peers in Airlines Industry?

Peer Comparison (Airlines Industry)Book ValuePB RatioMarket Cap
SPICEJET -1,942.37-2.725,283.3
INTERGLOBE AVIATION LTD9,368.2023.78222,735.0
TAAL ENTERPRISES LTD162.286.06983.6
TANEJA AEROSPACE & AVIATION LTD142.347.951,131.5
GLOBAL VECTRA HELICORP LTD21.2614.10299.8

Airlines Industry Benchmark (Top 10) PB Analysis vs SPICEJET 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -2.72x
Max industry PB 23.78x
Median industry PB 7.95x
Average industry PB 9.83x



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