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TIDE WATER OIL COMPANY (INDIA)
PB (Price/Book ) Ratio

The Current P/B Ratio of TIDE WATER OIL COMPANY (INDIA) is 3.82.

Share Price ₹1,674.2Apr 24,2024
Market Cap ₹2,913.1 Cr
Book Value₹763.6 CrMar2023 - Consolidated Results
Price/Book 3.82xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TIDE WATER OIL COMPANY (INDIA)

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 TIDE WATER OIL COMPANY (INDIA) is calculated as :

Current Market Cap [ ₹2,913.1 Cr] as on Apr 24,2024

(/) Book Value [ ₹763.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 3.82x ]

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

Thus, for TIDE WATER OIL COMPANY (INDIA) , the investors are currently willing to pay '3.82 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 TIDE WATER OIL COMPANY (INDIA) !

The chart below summarizes the trend in P/B Ratio of TIDE WATER OIL COMPANY (INDIA) over the last five years.

Historical PB (Price/Book ) ratio chart of TIDE WATER OIL COMPANY (INDIA)


PB Ratio Performance Analysis for TIDE WATER OIL COMPANY (INDIA)

- TIDE WATER OIL COMPANY (INDIA) 's latest p/b ratio is 3.82x.

- TIDE WATER OIL COMPANY (INDIA) 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.16x.

- TIDE WATER OIL COMPANY (INDIA) 's operated at median p/b ratio of 2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TIDE WATER OIL COMPANY (INDIA) 's p/b ratio peaked in Mar2019 at 2.72x.

- TIDE WATER OIL COMPANY (INDIA) 's p/b ratio hit its five-year low in Mar2020 of 1.6x.


How does TIDE WATER OIL COMPANY (INDIA) 's P/B Ratio benchmark against top 10 peers in Lubricants Industry?

Peer Comparison (Lubricants Industry)Book ValuePB RatioMarket Cap
TIDE WATER OIL COMPANY (INDIA) 763.603.822,913.1
CASTROL INDIA LTD2,042.7410.2921,013.9
GULF OIL LUBRICANTS INDIA LTD1,167.674.154,851.0
SAVITA OIL TECHNOLOGIES LTD1,449.052.713,930.1
PANAMA PETROCHEM LTD952.082.152,047.4
GP PETROLEUMS LTD276.181.26346.9

Lubricants Industry Benchmark (Top 10) PB Analysis vs TIDE WATER OIL COMPANY (INDIA) 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.26x
Max industry PB 10.29x
Median industry PB 3.82x
Average industry PB 4.06x



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