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ZENITH STEEL PIPES & INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of ZENITH STEEL PIPES & INDUSTRIES is -0.44.

Share Price ₹7.9May 18,2024
Market Cap ₹111.7 Cr
Book Value₹-256.1 CrMar2023 - Consolidated Results
Price/Book -0.44xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ZENITH STEEL PIPES & INDUSTRIES

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 ZENITH STEEL PIPES & INDUSTRIES is calculated as :

Current Market Cap [ ₹111.7 Cr] as on May 18,2024

(/) Book Value [ ₹-256.1 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ -0.44x ]

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

Thus, for ZENITH STEEL PIPES & INDUSTRIES , the investors are currently willing to pay '-0.44 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 ZENITH STEEL PIPES & INDUSTRIES !

The chart below summarizes the trend in P/B Ratio of ZENITH STEEL PIPES & INDUSTRIES over the last five years.

Historical PB (Price/Book ) ratio chart of ZENITH STEEL PIPES & INDUSTRIES


PB Ratio Performance Analysis for ZENITH STEEL PIPES & INDUSTRIES

- ZENITH STEEL PIPES & INDUSTRIES 's latest p/b ratio is -0.44x.

- ZENITH STEEL PIPES & INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -0.08x.

- ZENITH STEEL PIPES & INDUSTRIES 's operated at median p/b ratio of -0.03x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ZENITH STEEL PIPES & INDUSTRIES 's p/b ratio peaked in Mar2020 at -0.02x.

- ZENITH STEEL PIPES & INDUSTRIES 's p/b ratio hit its five-year low in Mar2023 of -0.19x.


How does ZENITH STEEL PIPES & INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
ZENITH STEEL PIPES & INDUSTRIES -256.12-0.44111.7
JSW STEEL LTD65,287.003.34217,890.0
TATA STEEL LTD103,082.002.03209,597.0
JINDAL STAINLESS LTD14,357.904.0457,936.9
STEEL AUTHORITY OF INDIA LTD54,746.701.2869,867.8
APL APOLLO TUBES LTD3,604.6212.8546,324.4
MOTHERSON SUMI WIRING INDIA LTD1,676.8318.2430,589.7
RATNAMANI METALS & TUBES LTD3,140.537.3623,121.6
SHYAM METALICS AND ENERGY LTD9,646.671.8617,977.5
WELSPUN CORP LTD4,718.863.4916,453.6
JINDAL SAW LTD10,093.301.7517,668.0

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs ZENITH STEEL PIPES & INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.44x
Max industry PB 18.24x
Median industry PB 3.34x
Average industry PB 5.07x



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