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TT
PB (Price/Book ) Ratio

The Current P/B Ratio of TT is 3.63.

Share Price ₹113.3Apr 24,2024
Market Cap ₹243.6 Cr
Book Value₹67.1 CrMar2023 - Standalone Results
Price/Book 3.63xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TT

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 TT is calculated as :

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 ]

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

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 latest p/b ratio is 3.63x.

- 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 ValuePB RatioMarket Cap
TT 67.153.63243.6
PAGE INDUSTRIES LTD1,371.0529.5040,442.8
KPR MILL LTD3,706.698.1830,327.4
VEDANT FASHIONS LTD1,392.2216.3622,783.6
SWAN ENERGY LTD2,283.688.3719,117.7
WELSPUN LIVING LTD4,083.443.7915,476.0
ALOK INDUSTRIES LTD-19,775.90-0.7013,763.7
VARDHMAN TEXTILES LTD8,562.771.5513,276.0
ARVIND LTD3,344.492.508,346.0
GARWARE TECHNICAL FIBRES LTD1,016.406.446,541.5
JINDAL WORLDWIDE LTD649.9810.356,728.5

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

Top 10 Industry PeersPB 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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