TT
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The Current P/B Ratio of TT is 3.58.
Share Price | ₹111.8 | May 02,2024 |
Market Cap | ₹240.3 Cr | |
Book Value | ₹67.1 Cr | Mar2023 - Standalone Results |
Price/Book | 3.58x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
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 [ ₹240.3 Cr] as on May 02,2024
(/) Book Value [ ₹67.1 Cr] based on Mar2023 - Standalone Results
(=) P/B Ratio [ 3.58x ]
Thus, for TT , the investors are currently willing to pay '3.58 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 | 3.58 | 240.3 |
PAGE INDUSTRIES LTD | 1,371.05 | 28.41 | 38,949.4 |
KPR MILL LTD | 4,358.23 | 6.77 | 29,493.4 |
VEDANT FASHIONS LTD | 1,601.88 | 14.31 | 22,921.1 |
SWAN ENERGY LTD | 2,283.68 | 8.33 | 19,023.7 |
WELSPUN LIVING LTD | 4,515.81 | 3.23 | 14,577.1 |
ALOK INDUSTRIES LTD | -19,775.90 | -0.68 | 13,391.2 |
VARDHMAN TEXTILES LTD | 8,562.77 | 1.49 | 12,745.4 |
ARVIND LTD | 3,344.49 | 2.55 | 8,530.5 |
GARWARE TECHNICAL FIBRES LTD | 1,016.40 | 6.24 | 6,341.0 |
JINDAL WORLDWIDE LTD | 649.98 | 10.87 | 7,068.3 |
Textile Industry Benchmark (Top 10) PB Analysis vs TT 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.68x |
Max industry PB | 28.41x |
Median industry PB | 6.24x |
Average industry PB | 7.74x |
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