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WELSPUN CORP
PB (Price/Book ) Ratio

The Current P/B Ratio of WELSPUN CORP is 3.37.

Share Price ₹607.3May 02,2024
Market Cap ₹15,893.0 Cr
Book Value₹4,718.9 CrMar2023 - Consolidated Results
Price/Book 3.37xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of WELSPUN CORP

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 WELSPUN CORP is calculated as :

Current Market Cap [ ₹15,893.0 Cr] as on May 02,2024

(/) Book Value [ ₹4,718.9 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 3.37x ]

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

Thus, for WELSPUN CORP , the investors are currently willing to pay '3.37 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 WELSPUN CORP !

The chart below summarizes the trend in P/B Ratio of WELSPUN CORP over the last five years.

Historical PB (Price/Book ) ratio chart of WELSPUN CORP


PB Ratio Performance Analysis for WELSPUN CORP

- WELSPUN CORP 's latest p/b ratio is 3.37x.

- WELSPUN CORP 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.96x.

- WELSPUN CORP 's operated at median p/b ratio of 0.99x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, WELSPUN CORP 's p/b ratio peaked in Mar2019 at 1.29x.

- WELSPUN CORP 's p/b ratio hit its five-year low in Mar2020 of 0.51x.


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

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
WELSPUN CORP 4,718.863.3715,893.0
JSW STEEL LTD65,287.003.34217,792.0
TATA STEEL LTD103,082.002.03208,911.0
JINDAL STAINLESS LTD11,931.205.0760,431.9
STEEL AUTHORITY OF INDIA LTD54,746.701.2568,339.5
APL APOLLO TUBES LTD3,003.7914.7044,163.9
MOTHERSON SUMI WIRING INDIA LTD1,330.5022.8730,434.9
RATNAMANI METALS & TUBES LTD2,603.908.5922,370.9
SHYAM METALICS AND ENERGY LTD7,162.452.4217,345.2
JINDAL SAW LTD7,922.762.2417,767.1
MAHARASHTRA SEAMLESS LTD4,773.962.4711,769.8

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs WELSPUN CORP 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.25x
Max industry PB 22.87x
Median industry PB 3.34x
Average industry PB 6.21x



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