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STYRENIX PERFORMANCE MATERIALS
PB (Price/Book ) Ratio

The Current P/B Ratio of STYRENIX PERFORMANCE MATERIALS is 4.17.

Share Price ₹1,693.7May 14,2024
Market Cap ₹2,980.9 Cr
Book Value₹714.8 CrMar2023 - Standalone Results
Price/Book 4.17xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of STYRENIX PERFORMANCE MATERIALS

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 STYRENIX PERFORMANCE MATERIALS is calculated as :

Current Market Cap [ ₹2,980.9 Cr] as on May 14,2024

(/) Book Value [ ₹714.8 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 4.17x ]

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

Thus, for STYRENIX PERFORMANCE MATERIALS , the investors are currently willing to pay '4.17 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 STYRENIX PERFORMANCE MATERIALS !

The chart below summarizes the trend in P/B Ratio of STYRENIX PERFORMANCE MATERIALS over the last five years.

Historical PB (Price/Book ) ratio chart of STYRENIX PERFORMANCE MATERIALS


PB Ratio Performance Analysis for STYRENIX PERFORMANCE MATERIALS

- STYRENIX PERFORMANCE MATERIALS 's latest p/b ratio is 4.17x.

- STYRENIX PERFORMANCE MATERIALS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.71x.

- STYRENIX PERFORMANCE MATERIALS 's operated at median p/b ratio of 1.76x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, STYRENIX PERFORMANCE MATERIALS 's p/b ratio peaked in Mar2022 at 2x.

- STYRENIX PERFORMANCE MATERIALS 's p/b ratio hit its five-year low in Mar2020 of 1.48x.


How does STYRENIX PERFORMANCE MATERIALS 's P/B Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Book ValuePB RatioMarket Cap
STYRENIX PERFORMANCE MATERIALS 714.754.172,980.9
PIDILITE INDUSTRIES LTD8,407.1618.05151,723.0
SOLAR INDUSTRIES INDIA LTD2,610.3429.8377,868.0
SRF LTD11,478.005.9067,762.7
GUJARAT FLUOROCHEMICALS LTD5,936.346.0335,773.8
DEEPAK NITRITE LTD4,089.968.2233,637.9
TATA CHEMICALS LTD23,114.001.1727,154.5
GODREJ INDUSTRIES LTD7,974.133.3927,022.8
AARTI INDUSTRIES LTD5,290.004.4823,673.3
ATUL LTD5,114.323.4217,488.3
VINATI ORGANICS LTD2,218.297.3516,303.5

Chemicals Industry Benchmark (Top 10) PB Analysis vs STYRENIX PERFORMANCE MATERIALS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.17x
Max industry PB 29.83x
Median industry PB 5.90x
Average industry PB 8.36x



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