TT
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The Current P/B Ratio of TT is 3.63.
Share Price | ₹113.3 | Apr 24,2024 |
Market Cap | ₹243.6 Cr | |
Book Value | ₹67.1 Cr | Mar2023 - Standalone Results |
Price/Book | 3.63x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of TT
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹243.6 Cr] as on Apr 24,2024
(/) Book Value [ ₹67.1 Cr] based on Mar2023 - Standalone Results
(=) P/B Ratio [ 3.63x ]
Thus, for TT , the investors are currently willing to pay '3.63 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 TT !
The chart below summarizes the trend in P/B Ratio of TT over the last five years.
Historical PB (Price/Book ) ratio chart of TT
PB Ratio Performance Analysis for TT
- TT 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.68x.
- TT 's operated at median p/b ratio of 2.41x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TT 's p/b ratio peaked in Mar2022 at 4.22x.
- TT 's p/b ratio hit its five-year low in Mar2020 of 1.26x.
How does TT 's P/B Ratio benchmark against top 10 peers in Textile Industry?
Peer Comparison (Textile Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
TT | 67.15 | 3.63 | 243.6 |
PAGE INDUSTRIES LTD | 1,371.05 | 29.50 | 40,442.8 |
KPR MILL LTD | 3,706.69 | 8.18 | 30,327.4 |
VEDANT FASHIONS LTD | 1,392.22 | 16.36 | 22,783.6 |
SWAN ENERGY LTD | 2,283.68 | 8.37 | 19,117.7 |
WELSPUN LIVING LTD | 4,083.44 | 3.79 | 15,476.0 |
ALOK INDUSTRIES LTD | -19,775.90 | -0.70 | 13,763.7 |
VARDHMAN TEXTILES LTD | 8,562.77 | 1.55 | 13,276.0 |
ARVIND LTD | 3,344.49 | 2.50 | 8,346.0 |
GARWARE TECHNICAL FIBRES LTD | 1,016.40 | 6.44 | 6,541.5 |
JINDAL WORLDWIDE LTD | 649.98 | 10.35 | 6,728.5 |
Textile Industry Benchmark (Top 10) PB Analysis vs TT 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.70x |
Max industry PB | 29.50x |
Median industry PB | 6.44x |
Average industry PB | 8.18x |
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