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TVS SRICHAKRA
PB (Price/Book ) Ratio

The Current P/B Ratio of TVS SRICHAKRA is 2.77.

Share Price ₹3,998.9May 10,2024
Market Cap ₹3,079.2 Cr
Book Value₹1,112.1 CrMar2024 - Consolidated Results
Price/Book 2.77xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TVS SRICHAKRA

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 TVS SRICHAKRA is calculated as :

Current Market Cap [ ₹3,079.2 Cr] as on May 10,2024

(/) Book Value [ ₹1,112.1 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 2.77x ]

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

Thus, for TVS SRICHAKRA , the investors are currently willing to pay '2.77 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 TVS SRICHAKRA !

The chart below summarizes the trend in P/B Ratio of TVS SRICHAKRA over the last five years.

Historical PB (Price/Book ) ratio chart of TVS SRICHAKRA


PB Ratio Performance Analysis for TVS SRICHAKRA

- TVS SRICHAKRA 's latest p/b ratio is 2.77x.

- TVS SRICHAKRA 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.61x.

- TVS SRICHAKRA 's operated at median p/b ratio of 1.65x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TVS SRICHAKRA 's p/b ratio peaked in Mar2019 at 2.31x.

- TVS SRICHAKRA 's p/b ratio hit its five-year low in Mar2020 of 0.92x.


How does TVS SRICHAKRA 's P/B Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Book ValuePB RatioMarket Cap
TVS SRICHAKRA 1,112.132.773,079.2
MRF LTD16,703.003.2454,082.7
BALKRISHNA INDUSTRIES LTD7,556.936.3447,910.8
APOLLO TYRES LTD12,877.802.3730,548.4
JK TYRE & INDUSTRIES LTD3,396.162.9610,062.6
CEAT LTD4,042.612.249,055.8
GOODYEAR INDIA LTD605.814.332,620.7

Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs TVS SRICHAKRA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.24x
Max industry PB 6.34x
Median industry PB 2.96x
Average industry PB 3.46x



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