TAMILNADU PETROPRODUCTS
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The Current P/B Ratio of TAMILNADU PETROPRODUCTS is 0.92.
| Share Price | ₹84.4 | Apr 18,2024 |
| Market Cap | ₹759.7 Cr | |
| Book Value | ₹825.4 Cr | Mar2023 - Consolidated Results |
| Price/Book | 0.92x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of TAMILNADU PETROPRODUCTS
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 [ ₹759.7 Cr] as on Apr 18,2024
(/) Book Value [ ₹825.4 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 0.92x ]
P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.
Thus, for TAMILNADU PETROPRODUCTS , the investors are currently willing to pay '0.92 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 TAMILNADU PETROPRODUCTS !
The chart below summarizes the trend in P/B Ratio of TAMILNADU PETROPRODUCTS over the last five years.
Thus, for TAMILNADU PETROPRODUCTS , the investors are currently willing to pay '0.92 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 TAMILNADU PETROPRODUCTS !
The chart below summarizes the trend in P/B Ratio of TAMILNADU PETROPRODUCTS over the last five years.
Historical PB (Price/Book ) ratio chart of TAMILNADU PETROPRODUCTS
PB Ratio Performance Analysis for TAMILNADU PETROPRODUCTS
- TAMILNADU PETROPRODUCTS 's latest p/b ratio is 0.92x.
- TAMILNADU PETROPRODUCTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.82x.
- TAMILNADU PETROPRODUCTS 's operated at median p/b ratio of 0.74x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TAMILNADU PETROPRODUCTS 's p/b ratio peaked in Mar2022 at 1.37x.
- TAMILNADU PETROPRODUCTS 's p/b ratio hit its five-year low in Mar2020 of 0.46x.
- TAMILNADU PETROPRODUCTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.82x.
- TAMILNADU PETROPRODUCTS 's operated at median p/b ratio of 0.74x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TAMILNADU PETROPRODUCTS 's p/b ratio peaked in Mar2022 at 1.37x.
- TAMILNADU PETROPRODUCTS 's p/b ratio hit its five-year low in Mar2020 of 0.46x.
How does TAMILNADU PETROPRODUCTS 's P/B Ratio benchmark against top 10 peers in Petrochemicals Industry?
| Peer Comparison (Petrochemicals Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| TAMILNADU PETROPRODUCTS | 825.45 | 0.92 | 759.7 |
| RAIN INDUSTRIES LTD | 922.57 | 6.30 | 5,815.4 |
| AGARWAL INDUSTRIAL CORPORATION LTD | 403.71 | 3.02 | 1,220.0 |
| VIKAS LIFECARE LTD | 331.28 | 2.59 | 859.0 |
| KOTHARI PETROCHEMICALS LTD | 192.07 | 4.02 | 771.5 |
| ORICON ENTERPRISES LTD | 1,033.03 | 0.66 | 683.3 |
| MULTIBASE INDIA LTD | 125.94 | 2.68 | 337.5 |
Petrochemicals Industry Benchmark (Top 10) PB Analysis vs TAMILNADU PETROPRODUCTS 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 0.66x |
| Max industry PB | 6.30x |
| Median industry PB | 2.68x |
| Average industry PB | 2.89x |
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