APOLLO TYRES
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The Current P/B Ratio of APOLLO TYRES is 1.93.
Share Price | ₹423.3 | Apr 03,2025 |
Market Cap | ₹26,880.6 Cr | |
Book Value | ₹13,902.2 Cr | Mar2024 - Consolidated Results |
Price/Book | 1.93x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of APOLLO TYRES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹26,880.6 Cr] as on Apr 03,2025
(/) Book Value [ ₹13,902.2 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 1.93x ]
Thus, for APOLLO TYRES , the investors are currently willing to pay '1.93 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 APOLLO TYRES !
The chart below summarizes the trend in P/B Ratio of APOLLO TYRES over the last five years.
Historical PB (Price/Book ) ratio chart of APOLLO TYRES
PB Ratio Performance Analysis for APOLLO TYRES
- APOLLO TYRES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.30x.
- APOLLO TYRES 's operated at median p/b ratio of 1.24x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, APOLLO TYRES 's p/b ratio peaked in Mar2024 at 2.13x.
- APOLLO TYRES 's p/b ratio hit its five-year low in Mar2020 of 0.46x.
How does APOLLO TYRES 's P/B Ratio benchmark against top 10 peers in Tyres & Allied Industry?
Peer Comparison (Tyres & Allied Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
APOLLO TYRES | 13,902.20 | 1.93 | 26,880.6 |
BALKRISHNA INDUSTRIES LTD | 8,853.82 | 5.42 | 47,970.7 |
MRF LTD | 16,703.00 | 2.92 | 48,699.8 |
CEAT LTD | 4,042.61 | 2.88 | 11,639.9 |
JK TYRE & INDUSTRIES LTD | 4,486.71 | 1.79 | 8,024.7 |
TVS SRICHAKRA LTD | 1,112.13 | 1.87 | 2,077.9 |
GOODYEAR INDIA LTD | 581.45 | 3.34 | 1,942.6 |
TOLINS TYRES LTD | 100.53 | 4.86 | 488.9 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs APOLLO TYRES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.79x |
Max industry PB | 5.42x |
Median industry PB | 2.92x |
Average industry PB | 3.13x |
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