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VETO SWITCHGEARS AND CABLES
PB (Price/Book ) Ratio

The Current P/B Ratio of VETO SWITCHGEARS AND CABLES is 0.89.

Share Price ₹123.7Jul 18,2025
Market Cap ₹236.2 Cr
Book Value₹266.4 CrMar2025 - Consolidated Results
Price/Book 0.89xCalculated 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 [ ₹236.2 Cr] as on Jul 18,2025

(/) Book Value [ ₹266.4 Cr] based on Mar2025 - Consolidated Results

(=) P/B Ratio [ 0.89x ]

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 '0.89 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 0.89x.

- VETO SWITCHGEARS AND CABLES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.77x.

- 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 Mar2020 of 0.3x.


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 266.450.89236.2
SIEMENS LTD15,356.707.25111,325.0
ABB INDIA LTD7,075.3316.93119,755.0
HAVELLS INDIA LTD8,306.7811.4795,241.3
CG POWER AND INDUSTRIAL SOLUTIONS LTD3,810.2127.59105,116.0
SUZLON ENERGY LTD6,105.7214.6089,158.5
WAAREE ENERGIES LTD9,479.209.4689,679.8
HITACHI ENERGY INDIA LTD4,214.1120.1784,982.1
GE VERNOVA T&D INDIA LTD1,242.9448.5860,384.7
APAR INDUSTRIES LTD4,501.147.9435,730.7
INOX WIND LTD1,697.3515.7426,708.8

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 0.89x
Max industry PB 48.58x
Median industry PB 14.60x
Average industry PB 16.42x



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