BAJAJ STEEL INDUSTRIES
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The Current P/B Ratio of BAJAJ STEEL INDUSTRIES is 4.62.
Share Price | ₹737.4 | Nov 29,2024 |
Market Cap | ₹1,533.7 Cr | |
Book Value | ₹332.1 Cr | Mar2024 - Consolidated Results |
Price/Book | 4.62x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of BAJAJ STEEL INDUSTRIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹1,533.7 Cr] as on Nov 29,2024
(/) Book Value [ ₹332.1 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 4.62x ]
Thus, for BAJAJ STEEL INDUSTRIES , the investors are currently willing to pay '4.62 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 BAJAJ STEEL INDUSTRIES !
The chart below summarizes the trend in P/B Ratio of BAJAJ STEEL INDUSTRIES over the last five years.
Historical PB (Price/Book ) ratio chart of BAJAJ STEEL INDUSTRIES
PB Ratio Performance Analysis for BAJAJ STEEL INDUSTRIES
- BAJAJ STEEL INDUSTRIES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.42x.
- BAJAJ STEEL INDUSTRIES 's operated at median p/b ratio of 1.59x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, BAJAJ STEEL INDUSTRIES 's p/b ratio peaked in Mar2023 at 2.03x.
- BAJAJ STEEL INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.38x.
How does BAJAJ STEEL INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
Peer Comparison (Engineering - Industrial Equipments Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
BAJAJ STEEL INDUSTRIES | 332.14 | 4.62 | 1,533.7 |
BHARAT ELECTRONICS LTD | 16,326.50 | 13.78 | 225,032.0 |
BHARAT HEAVY ELECTRICALS LTD | 24,438.70 | 3.58 | 87,434.6 |
THERMAX LTD | 4,433.83 | 12.34 | 54,719.0 |
TRIVENI TURBINE LTD | 959.07 | 25.45 | 24,411.4 |
KIRLOSKAR OIL ENGINES LTD | 2,660.15 | 6.12 | 16,283.1 |
ELECON ENGINEERING COMPANY LTD | 1,604.03 | 8.19 | 13,142.0 |
PRAJ INDUSTRIES LTD | 1,274.47 | 11.87 | 15,129.7 |
SHRIRAM PISTONS & RINGS LTD | 1,925.67 | 4.94 | 9,504.9 |
KIRLOSKAR BROTHERS LTD | 1,718.95 | 10.53 | 18,093.7 |
TEGA INDUSTRIES LTD | 1,191.80 | 9.61 | 11,456.8 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs BAJAJ STEEL INDUSTRIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.58x |
Max industry PB | 25.45x |
Median industry PB | 9.61x |
Average industry PB | 10.09x |
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