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SURANA SOLAR
PB (Price/Book ) Ratio

The Current P/B Ratio of SURANA SOLAR is 3.75.

Share Price ₹42.8Apr 25,2024
Market Cap ₹210.6 Cr
Book Value₹56.2 CrMar2024 - Standalone Results
Price/Book 3.75xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of SURANA SOLAR

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 SURANA SOLAR is calculated as :

Current Market Cap [ ₹210.6 Cr] as on Apr 25,2024

(/) Book Value [ ₹56.2 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 3.75x ]

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

Thus, for SURANA SOLAR , the investors are currently willing to pay '3.75 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 SURANA SOLAR !

The chart below summarizes the trend in P/B Ratio of SURANA SOLAR over the last five years.

Historical PB (Price/Book ) ratio chart of SURANA SOLAR


PB Ratio Performance Analysis for SURANA SOLAR

- SURANA SOLAR 's latest p/b ratio is 3.75x.

- SURANA SOLAR 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.07x.

- SURANA SOLAR 's operated at median p/b ratio of 0.83x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SURANA SOLAR 's p/b ratio peaked in Mar2022 at 1.89x.

- SURANA SOLAR 's p/b ratio hit its five-year low in Mar2020 of 0.49x.


How does SURANA SOLAR 's P/B Ratio benchmark against top 10 peers in Electronics - Components Industry?

Peer Comparison (Electronics - Components Industry)Book ValuePB RatioMarket Cap
SURANA SOLAR 56.173.75210.6
KAYNES TECHNOLOGY INDIA LTD958.4117.6516,915.3
SYRMA SGS TECHNOLOGY LTD1,534.135.498,430.0
AVALON TECHNOLOGIES LTD216.7216.013,469.6
DCX SYSTEMS LTD566.726.473,668.0
APOLLO MICRO SYSTEMS LTD337.539.153,088.2
IKIO LIGHTING LTD142.1616.382,328.1
CENTUM ELECTRONICS LTD209.2912.262,566.9
WEBSOL ENERGY SYSTEM LTD191.2815.492,963.1
SWELECT ENERGY SYSTEMS LTD787.232.742,156.7
KERNEX MICROSYSTEMS (INDIA) LTD82.1411.10911.8

Electronics - Components Industry Benchmark (Top 10) PB Analysis vs SURANA SOLAR 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.74x
Max industry PB 17.65x
Median industry PB 11.10x
Average industry PB 10.59x



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