ASTRAL
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The Current P/B Ratio of ASTRAL is 14.85.
Share Price | ₹1,762.2 | Nov 22,2024 |
Market Cap | ₹47,332.7 Cr | |
Book Value | ₹3,186.5 Cr | Mar2024 - Consolidated Results |
Price/Book | 14.85x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of ASTRAL
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹47,332.7 Cr] as on Nov 22,2024
(/) Book Value [ ₹3,186.5 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 14.85x ]
Thus, for ASTRAL , the investors are currently willing to pay '14.85 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 ASTRAL !
The chart below summarizes the trend in P/B Ratio of ASTRAL over the last five years.
Historical PB (Price/Book ) ratio chart of ASTRAL
PB Ratio Performance Analysis for ASTRAL
- ASTRAL 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 14.79x.
- ASTRAL 's operated at median p/b ratio of 16.81x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ASTRAL 's p/b ratio peaked in Mar2022 at 17.42x.
- ASTRAL 's p/b ratio hit its five-year low in Mar2020 of 9.3x.
How does ASTRAL 's P/B Ratio benchmark against top 10 peers in Plastic Products Industry?
Peer Comparison (Plastic Products Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
ASTRAL | 3,186.50 | 14.85 | 47,332.7 |
SUPREME INDUSTRIES LTD | 5,108.83 | 11.31 | 57,792.8 |
FINOLEX INDUSTRIES LTD | 5,634.27 | 2.85 | 16,036.2 |
RESPONSIVE INDUSTRIES LTD | 1,137.06 | 5.94 | 6,751.9 |
PRINCE PIPES AND FITTINGS LTD | 1,544.41 | 3.03 | 4,677.8 |
EPL LTD | 2,054.60 | 4.04 | 8,306.5 |
JAI CORP LTD | 1,486.14 | 3.51 | 5,219.5 |
TIME TECHNOPLAST LTD | 2,552.22 | 3.48 | 8,879.7 |
GARWARE HITECH FILMS LTD | 2,044.80 | 5.37 | 10,977.4 |
JAIN IRRIGATION SYSTEMS LTD | 5,391.74 | 0.81 | 4,374.6 |
MOLDTEK PACKAGING LTD | 594.27 | 3.69 | 2,192.9 |
Plastic Products Industry Benchmark (Top 10) PB Analysis vs ASTRAL 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.81x |
Max industry PB | 14.85x |
Median industry PB | 3.69x |
Average industry PB | 5.35x |
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