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TEXMO PIPES AND PRODUCTS
PB (Price/Book ) Ratio

The Current P/B Ratio of TEXMO PIPES AND PRODUCTS is 1.40.

Share Price ₹89.8Apr 24,2024
Market Cap ₹262.2 Cr
Book Value₹186.9 CrMar2023 - Consolidated Results
Price/Book 1.40xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TEXMO PIPES AND PRODUCTS

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 TEXMO PIPES AND PRODUCTS is calculated as :

Current Market Cap [ ₹262.2 Cr] as on Apr 24,2024

(/) Book Value [ ₹186.9 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 1.40x ]

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

Thus, for TEXMO PIPES AND PRODUCTS , the investors are currently willing to pay '1.40 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 TEXMO PIPES AND PRODUCTS !

The chart below summarizes the trend in P/B Ratio of TEXMO PIPES AND PRODUCTS over the last five years.

Historical PB (Price/Book ) ratio chart of TEXMO PIPES AND PRODUCTS


PB Ratio Performance Analysis for TEXMO PIPES AND PRODUCTS

- TEXMO PIPES AND PRODUCTS 's latest p/b ratio is 1.40x.

- TEXMO PIPES AND PRODUCTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.65x.

- TEXMO PIPES AND PRODUCTS 's operated at median p/b ratio of 0.45x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TEXMO PIPES AND PRODUCTS 's p/b ratio peaked in Mar2022 at 1.24x.

- TEXMO PIPES AND PRODUCTS 's p/b ratio hit its five-year low in Mar2020 of 0.14x.


How does TEXMO PIPES AND PRODUCTS 's P/B Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Book ValuePB RatioMarket Cap
TEXMO PIPES AND PRODUCTS 186.881.40262.2
ASTRAL LTD2,709.2019.7353,440.7
SUPREME INDUSTRIES LTD4,402.1212.2653,968.0
FINOLEX INDUSTRIES LTD4,903.073.4717,013.5
RESPONSIVE INDUSTRIES LTD1,003.387.737,759.6
PRINCE PIPES AND FITTINGS LTD1,363.965.096,938.8
EPL LTD1,956.602.855,579.6
JAI CORP LTD1,431.823.975,678.3
TIME TECHNOPLAST LTD2,265.812.816,360.8
GARWARE HITECH FILMS LTD1,855.822.204,090.1
JAIN IRRIGATION SYSTEMS LTD5,135.800.794,034.2

Plastic Products Industry Benchmark (Top 10) PB Analysis vs TEXMO PIPES AND PRODUCTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.79x
Max industry PB 19.73x
Median industry PB 3.47x
Average industry PB 5.66x



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