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THE RAMCO CEMENTS
PB (Price/Book ) Ratio

The Current P/B Ratio of THE RAMCO CEMENTS is 2.72.

Share Price ₹789.6Apr 25,2024
Market Cap ₹18,657.1 Cr
Book Value₹6,861.1 CrMar2023 - Consolidated Results
Price/Book 2.72xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of THE RAMCO 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 RAMCO CEMENTS is calculated as :

Current Market Cap [ ₹18,657.1 Cr] as on Apr 25,2024

(/) Book Value [ ₹6,861.1 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.72x ]

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

Thus, for THE RAMCO CEMENTS , the investors are currently willing to pay '2.72 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 RAMCO CEMENTS !

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

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


PB Ratio Performance Analysis for THE RAMCO CEMENTS

- THE RAMCO CEMENTS 's latest p/b ratio is 2.72x.

- THE RAMCO CEMENTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.15x.

- THE RAMCO CEMENTS 's operated at median p/b ratio of 2.75x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, THE RAMCO CEMENTS 's p/b ratio peaked in Mar2021 at 4.14x.

- THE RAMCO CEMENTS 's p/b ratio hit its five-year low in Mar2020 of 2.43x.


How does THE RAMCO 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 RAMCO CEMENTS 6,861.062.7218,657.1
ULTRATECH CEMENT LTD54,244.405.15279,563.0
AMBUJA CEMENTS LTD26,698.206.40170,782.0
SHREE CEMENT LTD18,636.404.6486,398.2
ACC LTD16,329.702.9748,443.5
DALMIA BHARAT LTD16,397.002.0633,837.3
JK CEMENT LTD4,686.756.6431,133.3
NUVOCO VISTAS CORPORATION LTD8,839.001.3812,214.7
JK LAKSHMI CEMENT LTD2,803.863.359,406.0
STAR CEMENT LTD2,416.383.849,286.1
PRISM JOHNSON LTD1,206.696.998,431.2

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

Top 10 Industry PeersPB Ratio
Min industry PB 1.38x
Max industry PB 6.99x
Median industry PB 3.84x
Average industry PB 4.20x



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