STEEL STRIPS WHEELS
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The Current P/B Ratio of STEEL STRIPS WHEELS is 3.22.
| Share Price | ₹231.9 | Apr 30,2024 |
| Market Cap | ₹3,637.7 Cr | |
| Book Value | ₹1,130.4 Cr | Mar2023 - Consolidated Results |
| Price/Book | 3.22x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of STEEL STRIPS WHEELS
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
Current Market Cap [ ₹3,637.7 Cr] as on Apr 30,2024
(/) Book Value [ ₹1,130.4 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 3.22x ]
P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.
Thus, for STEEL STRIPS WHEELS , the investors are currently willing to pay '3.22 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 STEEL STRIPS WHEELS !
The chart below summarizes the trend in P/B Ratio of STEEL STRIPS WHEELS over the last five years.
Thus, for STEEL STRIPS WHEELS , the investors are currently willing to pay '3.22 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 STEEL STRIPS WHEELS !
The chart below summarizes the trend in P/B Ratio of STEEL STRIPS WHEELS over the last five years.
Historical PB (Price/Book ) ratio chart of STEEL STRIPS WHEELS
PB Ratio Performance Analysis for STEEL STRIPS WHEELS
- STEEL STRIPS WHEELS 's latest p/b ratio is 3.22x.
- STEEL STRIPS WHEELS 's p/b ratio for fiscal years ending Mar2023 to Mar2022 averaged 2.50x.
- STEEL STRIPS WHEELS 's operated at median p/b ratio of 2.84x from fiscal years ending March 2018 to 2022.
- Looking back at the last 2 fiscal years, STEEL STRIPS WHEELS 's p/b ratio peaked in Mar2022 at 2.84x.
- STEEL STRIPS WHEELS 's p/b ratio hit its five-year low in Mar2023 of 2.15x.
- STEEL STRIPS WHEELS 's p/b ratio for fiscal years ending Mar2023 to Mar2022 averaged 2.50x.
- STEEL STRIPS WHEELS 's operated at median p/b ratio of 2.84x from fiscal years ending March 2018 to 2022.
- Looking back at the last 2 fiscal years, STEEL STRIPS WHEELS 's p/b ratio peaked in Mar2022 at 2.84x.
- STEEL STRIPS WHEELS 's p/b ratio hit its five-year low in Mar2023 of 2.15x.
How does STEEL STRIPS WHEELS 's P/B Ratio benchmark against top 10 peers in Auto Ancillary Industry?
| Peer Comparison (Auto Ancillary Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| STEEL STRIPS WHEELS | 1,130.38 | 3.22 | 3,637.7 |
| BOSCH LTD | 11,005.10 | 7.87 | 86,578.4 |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 22,451.50 | 3.96 | 88,872.8 |
| SONA BLW PRECISION FORGINGS LTD | 2,650.33 | 13.84 | 36,689.0 |
| UNO MINDA LTD | 4,140.15 | 10.22 | 42,325.1 |
| ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD | 2,409.11 | 10.83 | 26,079.1 |
| ENDURANCE TECHNOLOGIES LTD | 4,412.13 | 6.31 | 27,830.1 |
| JBM AUTO LTD | 1,029.76 | 21.86 | 22,507.8 |
| TVS HOLDINGS LTD | 3,240.99 | 5.44 | 17,624.9 |
| MINDA CORPORATION LTD | 1,585.80 | 6.13 | 9,727.0 |
| CRAFTSMAN AUTOMATION LTD | 1,376.90 | 6.79 | 9,343.7 |
Auto Ancillary Industry Benchmark (Top 10) PB Analysis vs STEEL STRIPS WHEELS 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 3.22x |
| Max industry PB | 21.86x |
| Median industry PB | 6.79x |
| Average industry PB | 8.77x |
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