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TASTY BITE EATABLES
PB (Price/Book ) Ratio

The Current P/B Ratio of TASTY BITE EATABLES is 12.47.

Share Price ₹11,591.6May 08,2024
Market Cap ₹3,013.8 Cr
Book Value₹241.8 CrMar2023 - Standalone Results
Price/Book 12.47xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TASTY BITE EATABLES

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 TASTY BITE EATABLES is calculated as :

Current Market Cap [ ₹3,013.8 Cr] as on May 08,2024

(/) Book Value [ ₹241.8 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 12.47x ]

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

Thus, for TASTY BITE EATABLES , the investors are currently willing to pay '12.47 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 TASTY BITE EATABLES !

The chart below summarizes the trend in P/B Ratio of TASTY BITE EATABLES over the last five years.

Historical PB (Price/Book ) ratio chart of TASTY BITE EATABLES


PB Ratio Performance Analysis for TASTY BITE EATABLES

- TASTY BITE EATABLES 's latest p/b ratio is 12.47x.

- TASTY BITE EATABLES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 14.05x.

- TASTY BITE EATABLES 's operated at median p/b ratio of 14.31x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TASTY BITE EATABLES 's p/b ratio peaked in Mar2021 at 18.02x.

- TASTY BITE EATABLES 's p/b ratio hit its five-year low in Mar2023 of 8.52x.


How does TASTY BITE EATABLES 's P/B Ratio benchmark against top 10 peers in Consumer Food Industry?

Peer Comparison (Consumer Food Industry)Book ValuePB RatioMarket Cap
TASTY BITE EATABLES 241.7612.473,013.8
NESTLE INDIA LTD3,340.8973.26244,746.0
VARUN BEVERAGES LTD6,927.6528.22195,476.0
BRITANNIA INDUSTRIES LTD3,941.5231.97126,019.0
MARICO LTD3,832.0020.1277,096.1
JUBILANT FOODWORKS LTD2,025.4815.2530,897.2
HATSUN AGRO PRODUCT LTD1,572.2515.1923,876.4
DEVYANI INTERNATIONAL LTD953.8420.5419,593.0
BIKAJI FOODS INTERNATIONAL LTD942.4513.8713,072.5
SAPPHIRE FOODS INDIA LTD1,233.767.268,960.6
GODREJ AGROVET LTD2,516.654.4811,263.6

Consumer Food Industry Benchmark (Top 10) PB Analysis vs TASTY BITE EATABLES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 4.48x
Max industry PB 73.26x
Median industry PB 15.25x
Average industry PB 22.06x



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