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VETO SWITCHGEARS AND CABLES
PB (Price/Book ) Ratio

The Current P/B Ratio of VETO SWITCHGEARS AND CABLES is 0.95.

Share Price ₹144.5Jun 10,2026
Market Cap ₹275.9 Cr
Book Value₹289.7 CrMar2026 - Consolidated Results
Price/Book 0.95xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of VETO SWITCHGEARS AND CABLES

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 VETO SWITCHGEARS AND CABLES is calculated as :

Current Market Cap [ ₹275.9 Cr] as on Jun 10,2026

(/) Book Value [ ₹289.7 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 0.95x ]

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

Thus, for VETO SWITCHGEARS AND CABLES , the investors are currently willing to pay '0.95 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 VETO SWITCHGEARS AND CABLES !

The chart below summarizes the trend in P/B Ratio of VETO SWITCHGEARS AND CABLES over the last five years.

Historical PB (Price/Book ) ratio chart of VETO SWITCHGEARS AND CABLES


PB Ratio Performance Analysis for VETO SWITCHGEARS AND CABLES

- VETO SWITCHGEARS AND CABLES 's latest p/b ratio is 0.95x.

- VETO SWITCHGEARS AND CABLES 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged 0.85x.

- VETO SWITCHGEARS AND CABLES 's operated at median p/b ratio of 0.82x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, VETO SWITCHGEARS AND CABLES 's p/b ratio peaked in Mar2021 at 1.14x.

- VETO SWITCHGEARS AND CABLES 's p/b ratio hit its five-year low in Mar2023 of 0.62x.


How does VETO SWITCHGEARS AND CABLES 's P/B Ratio benchmark against top 10 peers in Electric Equipment Industry?

Peer Comparison (Electric Equipment Industry)Book ValuePB RatioMarket Cap
VETO SWITCHGEARS AND CABLES 289.690.95275.9
HITACHI ENERGY INDIA LTD5,175.9628.65148,304.0
ABB INDIA LTD7,835.9218.39144,099.0
CG POWER AND INDUSTRIAL SOLUTIONS LTD7,970.4817.94142,975.0
SIEMENS LTD13,525.509.43127,544.0
GE VERNOVA T&D INDIA LTD1,773.1170.19124,454.0
WAAREE ENERGIES LTD14,437.306.0286,876.5
HAVELLS INDIA LTD9,431.737.6972,502.2
SUZLON ENERGY LTD9,463.527.8574,267.1
APAR INDUSTRIES LTD5,393.3810.4856,544.4
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD774.4233.4125,871.1

Electric Equipment Industry Benchmark (Top 10) PB Analysis vs VETO SWITCHGEARS AND CABLES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.95x
Max industry PB 70.19x
Median industry PB 10.48x
Average industry PB 19.18x



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