ASAHI INDIA GLASS
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The Current P/B Ratio of ASAHI INDIA GLASS is 7.20.
Share Price | ₹697.3 | Nov 08,2024 |
Market Cap | ₹16,950.1 Cr | |
Book Value | ₹2,353.5 Cr | Mar2024 - Consolidated Results |
Price/Book | 7.20x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of ASAHI INDIA GLASS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
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 ]
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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
ASAHI INDIA GLASS | 2,353.45 | 7.20 | 16,950.1 |
BOROSIL RENEWABLES LTD | 871.52 | 6.98 | 6,079.2 |
LA OPALA RG LTD | 851.53 | 4.41 | 3,759.0 |
HALDYN GLASS LTD | 199.26 | 4.67 | 929.9 |
EMPIRE INDUSTRIES LTD | 300.22 | 2.07 | 620.9 |
SEJAL GLASS LTD | 29.11 | 21.58 | 628.4 |
HINDUSTHAN NATIONAL GLASS & INDUSTRIES LTD | -832.29 | -0.29 | 240.5 |
Glass Industry Benchmark (Top 10) PB Analysis vs ASAHI INDIA GLASS 's P/B Ratio
Top 10 Industry Peers | PB 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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