BANK OF INDIA
|
The Current P/B Ratio of BANK OF INDIA is 0.67.
| Share Price | ₹103.2 | Nov 22,2024 |
| Market Cap | ₹46,961.1 Cr | |
| Book Value | ₹70,581.3 Cr | Mar2024 - Consolidated Results |
| Price/Book | 0.67x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of BANK OF INDIA
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 [ ₹46,961.1 Cr] as on Nov 22,2024
(/) Book Value [ ₹70,581.3 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 0.67x ]
P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.
Thus, for BANK OF INDIA, the investors are currently willing to pay '0.67 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 BANK OF INDIA!
The chart below summarizes the trend in P/B Ratio of BANK OF INDIA over the last five years.
Thus, for BANK OF INDIA, the investors are currently willing to pay '0.67 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 BANK OF INDIA!
The chart below summarizes the trend in P/B Ratio of BANK OF INDIA over the last five years.
Historical PB (Price/Book ) ratio chart of BANK OF INDIA
PB Ratio Performance Analysis for BANK OF INDIA
- BANK OF INDIA's latest p/b ratio is 0.67x.
- BANK OF INDIA's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.55x.
- BANK OF INDIA's operated at median p/b ratio of 0.55x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, BANK OF INDIA's p/b ratio peaked in Mar2024 at 0.98x.
- BANK OF INDIA's p/b ratio hit its five-year low in Mar2020 of 0.27x.
- BANK OF INDIA's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.55x.
- BANK OF INDIA's operated at median p/b ratio of 0.55x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, BANK OF INDIA's p/b ratio peaked in Mar2024 at 0.98x.
- BANK OF INDIA's p/b ratio hit its five-year low in Mar2020 of 0.27x.
How does BANK OF INDIA's P/B Ratio benchmark against top 10 peers in Bank - Public Industry?
| Peer Comparison (Bank - Public Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| BANK OF INDIA | 70,581.30 | 0.67 | 46,961.1 |
| STATE BANK OF INDIA | 414,939.00 | 1.76 | 728,293.0 |
| PUNJAB NATIONAL BANK | 110,387.00 | 1.04 | 114,723.0 |
| BANK OF BARODA | 119,712.00 | 1.02 | 122,096.0 |
| UNION BANK OF INDIA | 97,597.70 | 0.90 | 87,748.3 |
| INDIAN OVERSEAS BANK | 27,561.40 | 3.45 | 95,116.9 |
| CANARA BANK | 92,133.20 | 0.95 | 87,940.0 |
| INDIAN BANK | 60,248.20 | 1.19 | 71,618.1 |
| UCO BANK | 27,213.80 | 1.84 | 50,083.5 |
| CENTRAL BANK OF INDIA | 32,374.40 | 1.40 | 45,427.4 |
| BANK OF MAHARASHTRA | 19,870.60 | 2.05 | 40,719.1 |
Bank - Public Industry Benchmark (Top 10) PB Analysis vs BANK OF INDIA's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 0.67x |
| Max industry PB | 3.45x |
| Median industry PB | 1.19x |
| Average industry PB | 1.48x |
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