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SYNERGY GREEN INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of SYNERGY GREEN INDUSTRIES is 10.61.

Share Price ₹344.8Mar 28,2024
Market Cap ₹486.1 Cr
Book Value₹45.8 CrMar2023 - Standalone Results
Price/Book 10.61xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of SYNERGY GREEN INDUSTRIES

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 SYNERGY GREEN INDUSTRIES is calculated as :

Current Market Cap [ ₹486.1 Cr] as on Mar 28,2024

(/) Book Value [ ₹45.8 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 10.61x ]

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

Thus, for SYNERGY GREEN INDUSTRIES , the investors are currently willing to pay '10.61 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 SYNERGY GREEN INDUSTRIES !

The chart below summarizes the trend in P/B Ratio of SYNERGY GREEN INDUSTRIES over the last five years.

Historical PB (Price/Book ) ratio chart of SYNERGY GREEN INDUSTRIES


PB Ratio Performance Analysis for SYNERGY GREEN INDUSTRIES

- SYNERGY GREEN INDUSTRIES 's latest p/b ratio is 10.61x.

- SYNERGY GREEN INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.90x.

- SYNERGY GREEN INDUSTRIES 's operated at median p/b ratio of 4.42x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SYNERGY GREEN INDUSTRIES 's p/b ratio peaked in Mar2022 at 7.29x.

- SYNERGY GREEN INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 3.61x.


How does SYNERGY GREEN INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Book ValuePB RatioMarket Cap
SYNERGY GREEN INDUSTRIES 45.8210.61486.1
AIA ENGINEERING LTD5,691.336.4936,931.6
PTC INDUSTRIES LTD267.5439.9410,685.1
ELECTROSTEEL CASTINGS LTD4,357.642.5311,025.3
KIRLOSKAR FERROUS INDUSTRIES LTD2,082.423.647,588.0
ALICON CASTALLOY LTD487.852.711,322.2
STEELCAST LTD215.216.151,323.4
NELCAST LTD468.402.381,117.1
UNI ABEX ALLOY PRODUCTS LTD81.597.25591.9
NITIN CASTINGS LTD59.925.33319.3
INVESTMENT & PRECISION CASTINGS LTD78.393.48273.0

Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs SYNERGY GREEN INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.38x
Max industry PB 39.94x
Median industry PB 5.33x
Average industry PB 8.23x



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