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ASTRAL
PB (Price/Book ) Ratio

The Current P/B Ratio of ASTRAL is 14.85.

Share Price ₹1,762.2Nov 22,2024
Market Cap ₹47,332.7 Cr
Book Value₹3,186.5 CrMar2024 - Consolidated Results
Price/Book 14.85xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ASTRAL

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 ASTRAL is calculated as :

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 ]

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

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 latest p/b ratio is 14.85x.

- 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 ValuePB RatioMarket Cap
ASTRAL 3,186.5014.8547,332.7
SUPREME INDUSTRIES LTD5,108.8311.3157,792.8
FINOLEX INDUSTRIES LTD5,634.272.8516,036.2
RESPONSIVE INDUSTRIES LTD1,137.065.946,751.9
PRINCE PIPES AND FITTINGS LTD1,544.413.034,677.8
EPL LTD2,054.604.048,306.5
JAI CORP LTD1,486.143.515,219.5
TIME TECHNOPLAST LTD2,552.223.488,879.7
GARWARE HITECH FILMS LTD2,044.805.3710,977.4
JAIN IRRIGATION SYSTEMS LTD5,391.740.814,374.6
MOLDTEK PACKAGING LTD594.273.692,192.9

Plastic Products Industry Benchmark (Top 10) PB Analysis vs ASTRAL 's P/B Ratio

Top 10 Industry PeersPB 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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