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VENUS PIPES & TUBES
PB (Price/Book ) Ratio

The Current P/B Ratio of VENUS PIPES & TUBES is 13.26.

Share Price ₹2,105.1Apr 24,2024
Market Cap ₹4,273.3 Cr
Book Value₹322.2 CrMar2023 - Standalone Results
Price/Book 13.26xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of VENUS PIPES & TUBES

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 VENUS PIPES & TUBES is calculated as :

Current Market Cap [ ₹4,273.3 Cr] as on Apr 24,2024

(/) Book Value [ ₹322.2 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 13.26x ]

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

Thus, for VENUS PIPES & TUBES , the investors are currently willing to pay '13.26 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 VENUS PIPES & TUBES !

The chart below summarizes the trend in P/B Ratio of VENUS PIPES & TUBES over the last five years.

Historical PB (Price/Book ) ratio chart of VENUS PIPES & TUBES


PB Ratio Performance Analysis for VENUS PIPES & TUBES

- VENUS PIPES & TUBES 's latest p/b ratio is 13.26x.

- VENUS PIPES & TUBES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.94x.

- VENUS PIPES & TUBES 's operated at median p/b ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, VENUS PIPES & TUBES 's p/b ratio peaked in Mar2023 at 4.72x.

- VENUS PIPES & TUBES 's p/b ratio hit its five-year low in Mar2022 of 0x.


How does VENUS PIPES & TUBES 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
VENUS PIPES & TUBES 322.2013.264,273.3
JSW STEEL LTD65,287.003.31215,934.0
TATA STEEL LTD103,082.002.00206,601.0
JINDAL STAINLESS LTD11,931.205.0960,748.9
STEEL AUTHORITY OF INDIA LTD54,746.701.2468,029.8
APL APOLLO TUBES LTD3,003.7914.6143,889.1
MOTHERSON SUMI WIRING INDIA LTD1,330.5023.5731,363.3
RATNAMANI METALS & TUBES LTD2,603.908.1021,094.2
SHYAM METALICS AND ENERGY LTD7,162.452.5518,281.7
WELSPUN CORP LTD4,718.863.1814,993.5
JINDAL SAW LTD7,922.762.1517,063.7

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs VENUS PIPES & TUBES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.24x
Max industry PB 23.57x
Median industry PB 3.31x
Average industry PB 7.19x



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