ASIAN PAINTS
|
The Current P/B Ratio of ASIAN PAINTS is 11.51.
| Share Price | ₹2,241.3 | Jan 28,2025 |
| Market Cap | ₹214,980.7 Cr | |
| Book Value | ₹18,680.0 Cr | Mar2024 - Consolidated Results |
| Price/Book | 11.51x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
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
Current Market Cap [ ₹214,980.7 Cr] as on Jan 28,2025
(/) Book Value [ ₹18,680.0 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 11.51x ]
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 '11.51 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.
Thus, for ASIAN PAINTS , the investors are currently willing to pay '11.51 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 11.51x.
- ASIAN PAINTS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 17.48x.
- 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 Mar2024 of 14.61x.
- ASIAN PAINTS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 17.48x.
- 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 Mar2024 of 14.61x.
How does ASIAN PAINTS 's P/B Ratio benchmark against top 10 peers in Paints Industry?
| Peer Comparison (Paints Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| ASIAN PAINTS | 18,680.00 | 11.51 | 214,980.7 |
| BERGER PAINTS INDIA LTD | 5,373.85 | 10.25 | 55,073.9 |
| KANSAI NEROLAC PAINTS LTD | 5,566.70 | 3.36 | 18,702.6 |
| AKZO NOBEL INDIA LTD | 1,329.90 | 12.43 | 16,533.6 |
| INDIGO PAINTS LTD | 902.17 | 6.31 | 5,693.3 |
| SHALIMAR PAINTS LTD | 391.27 | 2.65 | 1,038.4 |
Paints Industry Benchmark (Top 10) PB Analysis vs ASIAN PAINTS 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 2.65x |
| Max industry PB | 12.43x |
| Median industry PB | 10.25x |
| Average industry PB | 7.75x |
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