TUBE INVESTMENTS OF INDIA
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The Current P/B Ratio of TUBE INVESTMENTS OF INDIA is 17.43.
Share Price | ₹3,548.1 | Apr 22,2024 |
Market Cap | ₹68,620.3 Cr | |
Book Value | ₹3,935.8 Cr | Mar2023 - Consolidated Results |
Price/Book | 17.43x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of TUBE INVESTMENTS OF INDIA
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹68,620.3 Cr] as on Apr 22,2024
(/) Book Value [ ₹3,935.8 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 17.43x ]
Thus, for TUBE INVESTMENTS OF INDIA , the investors are currently willing to pay '17.43 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 TUBE INVESTMENTS OF INDIA !
The chart below summarizes the trend in P/B Ratio of TUBE INVESTMENTS OF INDIA over the last five years.
Historical PB (Price/Book ) ratio chart of TUBE INVESTMENTS OF INDIA
PB Ratio Performance Analysis for TUBE INVESTMENTS OF INDIA
- TUBE INVESTMENTS OF INDIA 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.11x.
- TUBE INVESTMENTS OF INDIA 's operated at median p/b ratio of 9.97x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TUBE INVESTMENTS OF INDIA 's p/b ratio peaked in Mar2023 at 12.48x.
- TUBE INVESTMENTS OF INDIA 's p/b ratio hit its five-year low in Mar2020 of 2.99x.
How does TUBE INVESTMENTS OF INDIA 's P/B Ratio benchmark against top 10 peers in Cycles Industry?
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