TRIDENT
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The Current P/B Ratio of TRIDENT is 4.85.
Share Price | ₹39.9 | Apr 24,2024 |
Market Cap | ₹20,343.2 Cr | |
Book Value | ₹4,192.0 Cr | Mar2023 - Consolidated Results |
Price/Book | 4.85x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of TRIDENT
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
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 ]
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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
TRIDENT | 4,192.02 | 4.85 | 20,343.2 |
FILATEX INDIA LTD | 1,098.37 | 2.58 | 2,837.1 |
NITIN SPINNERS LTD | 1,028.90 | 1.94 | 1,998.3 |
NAHAR SPINNING MILLS LTD | 1,553.89 | 0.67 | 1,047.2 |
SUTLEJ TEXTILES AND INDUSTRIES LTD | 1,109.40 | 0.88 | 980.8 |
AMBIKA COTTON MILLS LTD | 816.62 | 1.10 | 899.9 |
RAJAPALAYAM MILLS LTD | 2,241.72 | 0.40 | 904.4 |
NAHAR INDUSTRIAL ENTERPRISES LTD | 959.71 | 0.59 | 563.2 |
SUPER SALES INDIA LTD | 434.36 | 1.28 | 554.6 |
PRECOT LTD | 405.71 | 1.19 | 481.2 |
MARAL OVERSEAS LTD | 140.99 | 2.22 | 312.8 |
Textile - Spinning Industry Benchmark (Top 10) PB Analysis vs TRIDENT 's P/B Ratio
Top 10 Industry Peers | PB 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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