TRACXN TECHNOLOGIES
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The Current P/B Ratio of TRACXN TECHNOLOGIES is 34.57.
Share Price | ₹97.2 | May 03,2024 |
Market Cap | ₹1,009.9 Cr | |
Book Value | ₹29.2 Cr | Mar2023 - Standalone Results |
Price/Book | 34.57x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of TRACXN TECHNOLOGIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹1,009.9 Cr] as on May 03,2024
(/) Book Value [ ₹29.2 Cr] based on Mar2023 - Standalone Results
(=) P/B Ratio [ 34.57x ]
Thus, for TRACXN TECHNOLOGIES , the investors are currently willing to pay '34.57 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 TRACXN TECHNOLOGIES !
The chart below summarizes the trend in P/B Ratio of TRACXN TECHNOLOGIES over the last five years.
Historical PB (Price/Book ) ratio chart of TRACXN TECHNOLOGIES
PB Ratio Performance Analysis for TRACXN TECHNOLOGIES
- TRACXN TECHNOLOGIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.47x.
- TRACXN TECHNOLOGIES '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, TRACXN TECHNOLOGIES 's p/b ratio peaked in Mar2023 at 22.34x.
- TRACXN TECHNOLOGIES 's p/b ratio hit its five-year low in Mar2022 of 0x.
How does TRACXN TECHNOLOGIES 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
TRACXN TECHNOLOGIES | 29.21 | 34.57 | 1,009.9 |
TATA CONSULTANCY SERVICES LTD | 90,489.00 | 15.35 | 1,389,110.0 |
INFOSYS LTD | 87,203.00 | 6.74 | 587,950.0 |
HCL TECHNOLOGIES LTD | 65,017.00 | 5.63 | 365,748.0 |
WIPRO LTD | 74,533.00 | 3.20 | 238,804.0 |
LTIMINDTREE LTD | 20,026.40 | 6.88 | 137,848.0 |
TECH MAHINDRA LTD | 26,669.40 | 4.58 | 122,066.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 7,858.84 | 8.58 | 67,468.1 |
PERSISTENT SYSTEMS LTD | 3,735.84 | 13.88 | 51,864.8 |
L&T TECHNOLOGY SERVICES LTD | 5,327.10 | 9.08 | 48,353.9 |
TATA ELXSI LTD | 2,505.66 | 17.67 | 44,276.1 |
IT - Software Industry Benchmark (Top 10) PB Analysis vs TRACXN TECHNOLOGIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.20x |
Max industry PB | 34.57x |
Median industry PB | 8.58x |
Average industry PB | 11.47x |
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