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TINE AGRO
PB (Price/Book ) Ratio

The Current P/B Ratio of TINE AGRO is 25.76.

Share Price ₹33.8Apr 30,2024
Market Cap ₹1,697.3 Cr
Book Value₹65.9 CrMar2024 - Standalone Results
Price/Book 25.76xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TINE AGRO

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 TINE AGRO is calculated as :

Current Market Cap [ ₹1,697.3 Cr] as on Apr 30,2024

(/) Book Value [ ₹65.9 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 25.76x ]

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

Thus, for TINE AGRO , the investors are currently willing to pay '25.76 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 TINE AGRO !

The chart below summarizes the trend in P/B Ratio of TINE AGRO over the last five years.

Historical PB (Price/Book ) ratio chart of TINE AGRO


PB Ratio Performance Analysis for TINE AGRO

- TINE AGRO 's latest p/b ratio is 25.76x.

- TINE AGRO 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged -1.88x.

- TINE AGRO 's operated at median p/b ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TINE AGRO 's p/b ratio peaked in Mar2024 at 19.59x.

- TINE AGRO 's p/b ratio hit its five-year low in Mar2022 of -22.19x.


How does TINE AGRO 's P/B Ratio benchmark against top 10 peers in Textile Industry?

Peer Comparison (Textile Industry)Book ValuePB RatioMarket Cap
TINE AGRO 65.8925.761,697.3
PAGE INDUSTRIES LTD1,371.0528.3038,795.1
KPR MILL LTD3,706.697.8028,908.9
VEDANT FASHIONS LTD1,392.2216.6423,168.6
SWAN ENERGY LTD2,283.688.5119,443.7
WELSPUN LIVING LTD4,515.813.2314,567.4
ALOK INDUSTRIES LTD-19,775.90-0.6913,555.1
VARDHMAN TEXTILES LTD8,562.771.5012,875.5
ARVIND LTD3,344.492.468,244.0
GARWARE TECHNICAL FIBRES LTD1,016.406.326,424.1
JINDAL WORLDWIDE LTD649.9810.546,849.8

Textile Industry Benchmark (Top 10) PB Analysis vs TINE AGRO 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.69x
Max industry PB 28.30x
Median industry PB 7.80x
Average industry PB 10.03x



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