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THE INDIA CEMENTS
PB (Price/Book ) Ratio

The Current P/B Ratio of THE INDIA CEMENTS is 1.22.

Share Price ₹227.6Apr 26,2024
Market Cap ₹7,053.3 Cr
Book Value₹5,776.3 CrMar2023 - Consolidated Results
Price/Book 1.22xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of THE INDIA CEMENTS

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 THE INDIA CEMENTS is calculated as :

Current Market Cap [ ₹7,053.3 Cr] as on Apr 26,2024

(/) Book Value [ ₹5,776.3 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 1.22x ]

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

Thus, for THE INDIA CEMENTS , the investors are currently willing to pay '1.22 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 THE INDIA CEMENTS !

The chart below summarizes the trend in P/B Ratio of THE INDIA CEMENTS over the last five years.

Historical PB (Price/Book ) ratio chart of THE INDIA CEMENTS


PB Ratio Performance Analysis for THE INDIA CEMENTS

- THE INDIA CEMENTS 's latest p/b ratio is 1.22x.

- THE INDIA CEMENTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.88x.

- THE INDIA CEMENTS 's operated at median p/b ratio of 0.91x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, THE INDIA CEMENTS 's p/b ratio peaked in Mar2022 at 1.18x.

- THE INDIA CEMENTS 's p/b ratio hit its five-year low in Mar2020 of 0.6x.


How does THE INDIA CEMENTS 's P/B Ratio benchmark against top 10 peers in Cement & Construction Materials Industry?

Peer Comparison (Cement & Construction Materials Industry)Book ValuePB RatioMarket Cap
THE INDIA CEMENTS 5,776.301.227,053.3
ULTRATECH CEMENT LTD54,244.405.16280,042.0
AMBUJA CEMENTS LTD26,698.206.33169,083.0
SHREE CEMENT LTD18,636.404.6787,104.0
ACC LTD16,329.702.9047,405.0
DALMIA BHARAT LTD16,397.002.0633,744.5
JK CEMENT LTD4,686.756.7031,400.3
THE RAMCO CEMENTS LTD6,861.062.7518,840.8
NUVOCO VISTAS CORPORATION LTD8,839.001.3812,209.4
JK LAKSHMI CEMENT LTD2,803.863.339,343.0
STAR CEMENT LTD2,416.383.809,191.1

Cement & Construction Materials Industry Benchmark (Top 10) PB Analysis vs THE INDIA CEMENTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.22x
Max industry PB 6.70x
Median industry PB 3.33x
Average industry PB 3.66x



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