VISA STEEL
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The Current P/B Ratio of VISA STEEL is -0.33.
Share Price | ₹22.0 | Apr 22,2024 |
Market Cap | ₹254.8 Cr | |
Book Value | ₹-772.1 Cr | Mar2023 - Consolidated Results |
Price/Book | -0.33x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of VISA STEEL
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹254.8 Cr] as on Apr 22,2024
(/) Book Value [ ₹-772.1 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ -0.33x ]
Thus, for VISA STEEL , the investors are currently willing to pay '-0.33 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 VISA STEEL !
The chart below summarizes the trend in P/B Ratio of VISA STEEL over the last five years.
Historical PB (Price/Book ) ratio chart of VISA STEEL
PB Ratio Performance Analysis for VISA STEEL
- VISA STEEL 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -0.08x.
- VISA STEEL 's operated at median p/b ratio of -0.07x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, VISA STEEL 's p/b ratio peaked in Mar2021 at -0.03x.
- VISA STEEL 's p/b ratio hit its five-year low in Mar2023 of -0.17x.
How does VISA STEEL 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?
Peer Comparison (Steel & Iron Products Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
VISA STEEL | -772.10 | -0.33 | 254.8 |
JSW STEEL LTD | 65,287.00 | 3.32 | 216,814.0 |
TATA STEEL LTD | 103,082.00 | 2.01 | 207,038.0 |
JINDAL STAINLESS LTD | 11,931.20 | 4.84 | 57,722.8 |
STEEL AUTHORITY OF INDIA LTD | 54,746.70 | 1.27 | 69,599.4 |
APL APOLLO TUBES LTD | 3,003.79 | 14.33 | 43,046.8 |
MOTHERSON SUMI WIRING INDIA LTD | 1,330.50 | 23.12 | 30,766.5 |
RATNAMANI METALS & TUBES LTD | 2,603.90 | 8.11 | 21,119.1 |
SHYAM METALICS AND ENERGY LTD | 7,162.45 | 2.50 | 17,874.2 |
WELSPUN CORP LTD | 4,718.86 | 3.17 | 14,950.3 |
JINDAL SAW LTD | 7,922.76 | 2.26 | 17,874.3 |
Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs VISA STEEL 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.33x |
Max industry PB | 23.12x |
Median industry PB | 3.17x |
Average industry PB | 5.87x |
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