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ASIAN PAINTS
PB (Price/Book ) Ratio

The Current P/B Ratio of ASIAN PAINTS is 12.05.

Share Price ₹2,430.4Jul 03,2025
Market Cap ₹233,124.0 Cr
Book Value₹19,343.0 CrMar2025 - Consolidated Results
Price/Book 12.05xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ASIAN PAINTS

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 ASIAN PAINTS is calculated as :

Current Market Cap [ ₹233,124.0 Cr] as on Jul 03,2025

(/) Book Value [ ₹19,343.0 Cr] based on Mar2025 - Consolidated Results

(=) P/B Ratio [ 12.05x ]

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

Thus, for ASIAN PAINTS , the investors are currently willing to pay '12.05 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 ASIAN PAINTS !

The chart below summarizes the trend in P/B Ratio of ASIAN PAINTS over the last five years.

Historical PB (Price/Book ) ratio chart of ASIAN PAINTS


PB Ratio Performance Analysis for ASIAN PAINTS

- ASIAN PAINTS 's latest p/b ratio is 12.05x.

- ASIAN PAINTS 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged 16.64x.

- ASIAN PAINTS 's operated at median p/b ratio of 16.59x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASIAN PAINTS 's p/b ratio peaked in Mar2022 at 21.42x.

- ASIAN PAINTS 's p/b ratio hit its five-year low in Mar2025 of 11.59x.


How does ASIAN PAINTS 's P/B Ratio benchmark against top 10 peers in Paints Industry?

Peer Comparison (Paints Industry)Book ValuePB RatioMarket Cap
ASIAN PAINTS 19,343.0012.05233,124.0
BERGER PAINTS INDIA LTD6,154.1011.3769,953.7
KANSAI NEROLAC PAINTS LTD6,410.663.1620,240.6
AKZO NOBEL INDIA LTD1,330.2011.7015,560.9
INDIGO PAINTS LTD1,030.585.565,731.4
SHALIMAR PAINTS LTD314.982.56805.3

Paints Industry Benchmark (Top 10) PB Analysis vs ASIAN PAINTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.56x
Max industry PB 12.05x
Median industry PB 11.37x
Average industry PB 7.73x



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