THERMAX
|
The Current P/B Ratio of THERMAX is 8.99.
Share Price | ₹3,719.5 | Jul 28,2025 |
Market Cap | ₹44,335.8 Cr | |
Book Value | ₹4,930.9 Cr | Mar2025 - Consolidated Results |
Price/Book | 8.99x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of THERMAX
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹44,335.8 Cr] as on Jul 28,2025
(/) Book Value [ ₹4,930.9 Cr] based on Mar2025 - Consolidated Results
(=) P/B Ratio [ 8.99x ]
Thus, for THERMAX , the investors are currently willing to pay '8.99 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 THERMAX !
The chart below summarizes the trend in P/B Ratio of THERMAX over the last five years.
Historical PB (Price/Book ) ratio chart of THERMAX
PB Ratio Performance Analysis for THERMAX
- THERMAX 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged 7.32x.
- THERMAX 's operated at median p/b ratio of 6.67x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, THERMAX 's p/b ratio peaked in Mar2024 at 10.65x.
- THERMAX 's p/b ratio hit its five-year low in Mar2021 of 4.66x.
How does THERMAX 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
Peer Comparison (Engineering - Industrial Equipments Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
THERMAX | 4,930.92 | 8.99 | 44,335.8 |
BHARAT HEAVY ELECTRICALS LTD | 24,722.20 | 3.33 | 82,368.2 |
JYOTI CNC AUTOMATION LTD | 1,686.15 | 13.75 | 23,192.6 |
TRIVENI TURBINE LTD | 1,216.40 | 16.03 | 19,497.0 |
KIRLOSKAR BROTHERS LTD | 2,092.85 | 7.30 | 15,272.3 |
ELECON ENGINEERING COMPANY LTD | 1,998.69 | 6.33 | 12,646.1 |
PRAJ INDUSTRIES LTD | 1,380.93 | 6.36 | 8,786.3 |
KIRLOSKAR OIL ENGINES LTD | 3,065.27 | 4.28 | 13,105.6 |
TEGA INDUSTRIES LTD | 1,396.69 | 8.87 | 12,393.9 |
SHRIRAM PISTONS & RINGS LTD | 2,393.66 | 4.37 | 10,459.0 |
INOX INDIA LTD | 867.67 | 12.21 | 10,594.4 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs THERMAX 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.33x |
Max industry PB | 16.03x |
Median industry PB | 7.30x |
Average industry PB | 8.35x |
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