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ASAHI INDIA GLASS
PB (Price/Book ) Ratio

The Current P/B Ratio of ASAHI INDIA GLASS is 7.20.

Share Price ₹697.3Nov 08,2024
Market Cap ₹16,950.1 Cr
Book Value₹2,353.5 CrMar2024 - Consolidated Results
Price/Book 7.20xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ASAHI INDIA GLASS

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 ASAHI INDIA GLASS is calculated as :

Current Market Cap [ ₹16,950.1 Cr] as on Nov 08,2024

(/) Book Value [ ₹2,353.5 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 7.20x ]

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

Thus, for ASAHI INDIA GLASS , the investors are currently willing to pay '7.20 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 ASAHI INDIA GLASS !

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

Historical PB (Price/Book ) ratio chart of ASAHI INDIA GLASS


PB Ratio Performance Analysis for ASAHI INDIA GLASS

- ASAHI INDIA GLASS 's latest p/b ratio is 7.20x.

- ASAHI INDIA GLASS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 4.98x.

- ASAHI INDIA GLASS 's operated at median p/b ratio of 5.3x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASAHI INDIA GLASS 's p/b ratio peaked in Mar2022 at 5.93x.

- ASAHI INDIA GLASS 's p/b ratio hit its five-year low in Mar2020 of 2.9x.


How does ASAHI INDIA GLASS 's P/B Ratio benchmark against top 10 peers in Glass Industry?

Peer Comparison (Glass Industry)Book ValuePB RatioMarket Cap
ASAHI INDIA GLASS 2,353.457.2016,950.1
BOROSIL RENEWABLES LTD871.526.986,079.2
LA OPALA RG LTD851.534.413,759.0
HALDYN GLASS LTD199.264.67929.9
EMPIRE INDUSTRIES LTD300.222.07620.9
SEJAL GLASS LTD29.1121.58628.4
HINDUSTHAN NATIONAL GLASS & INDUSTRIES LTD-832.29-0.29240.5

Glass Industry Benchmark (Top 10) PB Analysis vs ASAHI INDIA GLASS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.29x
Max industry PB 21.58x
Median industry PB 4.67x
Average industry PB 6.66x



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