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TRIDENT
PB (Price/Book ) Ratio

The Current P/B Ratio of TRIDENT is 4.85.

Share Price ₹39.9Apr 24,2024
Market Cap ₹20,343.2 Cr
Book Value₹4,192.0 CrMar2023 - Consolidated Results
Price/Book 4.85xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TRIDENT

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 TRIDENT is calculated as :

Current Market Cap [ ₹20,343.2 Cr] as on Apr 24,2024

(/) Book Value [ ₹4,192.0 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 4.85x ]

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

Thus, for TRIDENT , the investors are currently willing to pay '4.85 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 TRIDENT !

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

Historical PB (Price/Book ) ratio chart of TRIDENT


PB Ratio Performance Analysis for TRIDENT

- TRIDENT 's latest p/b ratio is 4.85x.

- TRIDENT 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.90x.

- TRIDENT 's operated at median p/b ratio of 2.15x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TRIDENT 's p/b ratio peaked in Mar2022 at 7.04x.

- TRIDENT 's p/b ratio hit its five-year low in Mar2020 of 0.7x.


How does TRIDENT 's P/B Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Book ValuePB RatioMarket Cap
TRIDENT 4,192.024.8520,343.2
FILATEX INDIA LTD1,098.372.582,837.1
NITIN SPINNERS LTD1,028.901.941,998.3
NAHAR SPINNING MILLS LTD1,553.890.671,047.2
SUTLEJ TEXTILES AND INDUSTRIES LTD1,109.400.88980.8
AMBIKA COTTON MILLS LTD816.621.10899.9
RAJAPALAYAM MILLS LTD2,241.720.40904.4
NAHAR INDUSTRIAL ENTERPRISES LTD959.710.59563.2
SUPER SALES INDIA LTD434.361.28554.6
PRECOT LTD405.711.19481.2
MARAL OVERSEAS LTD140.992.22312.8

Textile - Spinning Industry Benchmark (Top 10) PB Analysis vs TRIDENT 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.40x
Max industry PB 4.85x
Median industry PB 1.19x
Average industry PB 1.61x



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