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ZF STEERING GEAR (INDIA)
PB (Price/Book ) Ratio

The Current P/B Ratio of ZF STEERING GEAR (INDIA) is 2.36.

Share Price ₹1,086.1Apr 26,2024
Market Cap ₹988.4 Cr
Book Value₹418.7 CrMar2023 - Consolidated Results
Price/Book 2.36xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ZF STEERING GEAR (INDIA)

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 ZF STEERING GEAR (INDIA) is calculated as :

Current Market Cap [ ₹988.4 Cr] as on Apr 26,2024

(/) Book Value [ ₹418.7 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.36x ]

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

Thus, for ZF STEERING GEAR (INDIA) , the investors are currently willing to pay '2.36 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 ZF STEERING GEAR (INDIA) !

The chart below summarizes the trend in P/B Ratio of ZF STEERING GEAR (INDIA) over the last five years.

Historical PB (Price/Book ) ratio chart of ZF STEERING GEAR (INDIA)


PB Ratio Performance Analysis for ZF STEERING GEAR (INDIA)

- ZF STEERING GEAR (INDIA) 's latest p/b ratio is 2.36x.

- ZF STEERING GEAR (INDIA) 's p/b ratio for fiscal years ending Mar2023 to Mar2016 averaged 3.29x.

- ZF STEERING GEAR (INDIA) 's operated at median p/b ratio of 3.08x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ZF STEERING GEAR (INDIA) 's p/b ratio peaked in Mar2016 at 5.94x.

- ZF STEERING GEAR (INDIA) 's p/b ratio hit its five-year low in Mar2023 of 0.92x.


How does ZF STEERING GEAR (INDIA) 's P/B Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Book ValuePB RatioMarket Cap
ZF STEERING GEAR (INDIA) 418.682.36988.4
BOSCH LTD11,005.107.7485,153.6
SAMVARDHANA MOTHERSON INTERNATIONAL LTD22,451.503.9688,872.8
SONA BLW PRECISION FORGINGS LTD2,285.6016.6237,987.1
UNO MINDA LTD4,140.1510.0541,607.5
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD2,409.1110.9226,304.9
ENDURANCE TECHNOLOGIES LTD4,412.136.2927,770.4
JBM AUTO LTD1,029.7620.4621,070.5
TVS HOLDINGS LTD3,240.995.2617,038.7
MINDA CORPORATION LTD1,585.806.139,725.8
CRAFTSMAN AUTOMATION LTD1,376.907.199,902.6

Auto Ancillary Industry Benchmark (Top 10) PB Analysis vs ZF STEERING GEAR (INDIA) 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.36x
Max industry PB 20.46x
Median industry PB 7.19x
Average industry PB 8.82x



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