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ULTRAMARINE & PIGMENTS
PB (Price/Book ) Ratio

The Current P/B Ratio of ULTRAMARINE & PIGMENTS is 1.32.

Share Price ₹331.4Mar 28,2024
Market Cap ₹967.7 Cr
Book Value₹735.6 CrMar2023 - Consolidated Results
Price/Book 1.32xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ULTRAMARINE & PIGMENTS

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 ULTRAMARINE & PIGMENTS is calculated as :

Current Market Cap [ ₹967.7 Cr] as on Mar 28,2024

(/) Book Value [ ₹735.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 1.32x ]

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

Thus, for ULTRAMARINE & PIGMENTS , the investors are currently willing to pay '1.32 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 ULTRAMARINE & PIGMENTS !

The chart below summarizes the trend in P/B Ratio of ULTRAMARINE & PIGMENTS over the last five years.

Historical PB (Price/Book ) ratio chart of ULTRAMARINE & PIGMENTS


PB Ratio Performance Analysis for ULTRAMARINE & PIGMENTS

- ULTRAMARINE & PIGMENTS 's latest p/b ratio is 1.32x.

- ULTRAMARINE & PIGMENTS 's p/b ratio for fiscal years ending Mar2023 to Mar2020 averaged 1.40x.

- ULTRAMARINE & PIGMENTS 's operated at median p/b ratio of 1.37x from fiscal years ending March 2018 to 2022.

- Looking back at the last 4 fiscal years, ULTRAMARINE & PIGMENTS 's p/b ratio peaked in Mar2021 at 1.85x.

- ULTRAMARINE & PIGMENTS 's p/b ratio hit its five-year low in Mar2022 of 1.1x.


How does ULTRAMARINE & PIGMENTS 's P/B Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Book ValuePB RatioMarket Cap
ULTRAMARINE & PIGMENTS 735.621.32967.7
PIDILITE INDUSTRIES LTD7,168.6421.39153,333.0
SOLAR INDUSTRIES INDIA LTD2,610.3430.4679,505.0
SRF LTD10,315.407.3575,812.1
GUJARAT FLUOROCHEMICALS LTD5,520.726.1634,024.9
DEEPAK NITRITE LTD4,089.967.0828,937.8
TATA CHEMICALS LTD19,721.001.4027,529.0
GODREJ INDUSTRIES LTD7,974.133.3026,275.3
AARTI INDUSTRIES LTD4,920.064.9124,155.5
ATUL LTD4,671.383.6216,894.3
VINATI ORGANICS LTD2,218.296.8715,249.2

Chemicals Industry Benchmark (Top 10) PB Analysis vs ULTRAMARINE & PIGMENTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.32x
Max industry PB 30.46x
Median industry PB 6.16x
Average industry PB 8.53x



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