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WIPRO
PB (Price/Book ) Ratio

The Current P/B Ratio of WIPRO is 3.26.

Share Price ₹464.7Apr 26,2024
Market Cap ₹242,798.2 Cr
Book Value₹74,533.0 CrMar2024 - Consolidated Results
Price/Book 3.26xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of WIPRO

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 WIPRO is calculated as :

Current Market Cap [ ₹242,798.2 Cr] as on Apr 26,2024

(/) Book Value [ ₹74,533.0 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 3.26x ]

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

Thus, for WIPRO , the investors are currently willing to pay '3.26 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 WIPRO !

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

Historical PB (Price/Book ) ratio chart of WIPRO


PB Ratio Performance Analysis for WIPRO

- WIPRO 's latest p/b ratio is 3.26x.

- WIPRO 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.31x.

- WIPRO 's operated at median p/b ratio of 2.74x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, WIPRO 's p/b ratio peaked in Mar2022 at 5x.

- WIPRO 's p/b ratio hit its five-year low in Mar2020 of 2.04x.


How does WIPRO 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Book ValuePB RatioMarket Cap
WIPRO 74,533.003.26242,798.2
TATA CONSULTANCY SERVICES LTD90,489.0015.251,379,520.0
INFOSYS LTD87,203.006.81593,636.0
HCL TECHNOLOGIES LTD65,017.006.15399,533.0
LTIMINDTREE LTD20,026.407.08141,847.0
TECH MAHINDRA LTD26,669.404.68124,782.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD7,858.848.2664,897.3
PERSISTENT SYSTEMS LTD3,735.8414.0152,355.4
L&T TECHNOLOGY SERVICES LTD5,327.109.4950,528.3
TATA ELXSI LTD2,505.6617.6544,220.9
MPHASIS LTD8,541.345.0943,438.9

IT - Software Industry Benchmark (Top 10) PB Analysis vs WIPRO 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.26x
Max industry PB 17.65x
Median industry PB 7.08x
Average industry PB 8.88x



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