AKAR AUTO INDUSTRIES
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The Current P/B Ratio of AKAR AUTO INDUSTRIES is 3.06.
Share Price | ₹112.2 | Sep 06,2024 |
Market Cap | ₹121.1 Cr | |
Book Value | ₹39.6 Cr | Mar2023 - Standalone Results |
Price/Book | 3.06x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of AKAR AUTO INDUSTRIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹121.1 Cr] as on Sep 06,2024
(/) Book Value [ ₹39.6 Cr] based on Mar2023 - Standalone Results
(=) P/B Ratio [ 3.06x ]
Thus, for AKAR AUTO INDUSTRIES , the investors are currently willing to pay '3.06 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 AKAR AUTO INDUSTRIES !
The chart below summarizes the trend in P/B Ratio of AKAR AUTO INDUSTRIES over the last five years.
Historical PB (Price/Book ) ratio chart of AKAR AUTO INDUSTRIES
PB Ratio Performance Analysis for AKAR AUTO INDUSTRIES
- AKAR AUTO INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.27x.
- AKAR AUTO INDUSTRIES 's operated at median p/b ratio of 1.29x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, AKAR AUTO INDUSTRIES 's p/b ratio peaked in Mar2022 at 1.9x.
- AKAR AUTO INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.59x.
How does AKAR AUTO INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Auto Ancillary Industry?
Peer Comparison (Auto Ancillary Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
AKAR AUTO INDUSTRIES | 39.57 | 3.06 | 121.1 |
BOSCH LTD | 12,056.90 | 7.92 | 95,465.5 |
SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 26,154.90 | 4.86 | 127,227.0 |
SONA BLW PRECISION FORGINGS LTD | 2,634.82 | 15.99 | 42,141.0 |
UNO MINDA LTD | 4,913.54 | 12.87 | 63,215.4 |
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD | 2,790.32 | 10.83 | 30,207.1 |
ENDURANCE TECHNOLOGIES LTD | 4,977.44 | 7.13 | 35,478.7 |
JBM AUTO LTD | 1,167.67 | 19.28 | 22,517.8 |
TVS HOLDINGS LTD | 2,840.07 | 10.09 | 28,664.9 |
MINDA CORPORATION LTD | 1,978.90 | 6.65 | 13,160.1 |
CRAFTSMAN AUTOMATION LTD | 1,657.98 | 9.03 | 14,969.6 |
Auto Ancillary Industry Benchmark (Top 10) PB Analysis vs AKAR AUTO INDUSTRIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.06x |
Max industry PB | 19.28x |
Median industry PB | 9.03x |
Average industry PB | 9.79x |
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