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BHAGWATI AUTOCAST
PB (Price/Book ) Ratio

The Current P/B Ratio of BHAGWATI AUTOCAST is 3.42.

Share Price ₹481.8Sep 13,2024
Market Cap ₹139.7 Cr
Book Value₹40.9 CrMar2024 - Standalone Results
Price/Book 3.42xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of BHAGWATI AUTOCAST

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 BHAGWATI AUTOCAST is calculated as :

Current Market Cap [ ₹139.7 Cr] as on Sep 13,2024

(/) Book Value [ ₹40.9 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 3.42x ]

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

Thus, for BHAGWATI AUTOCAST , the investors are currently willing to pay '3.42 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 BHAGWATI AUTOCAST !

The chart below summarizes the trend in P/B Ratio of BHAGWATI AUTOCAST over the last five years.

Historical PB (Price/Book ) ratio chart of BHAGWATI AUTOCAST


PB Ratio Performance Analysis for BHAGWATI AUTOCAST

- BHAGWATI AUTOCAST 's latest p/b ratio is 3.42x.

- BHAGWATI AUTOCAST 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.71x.

- BHAGWATI AUTOCAST 's operated at median p/b ratio of 1.62x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BHAGWATI AUTOCAST 's p/b ratio peaked in Mar2023 at 2.47x.

- BHAGWATI AUTOCAST 's p/b ratio hit its five-year low in Mar2020 of 1.21x.


How does BHAGWATI AUTOCAST 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Book ValuePB RatioMarket Cap
BHAGWATI AUTOCAST 40.883.42139.7
AIA ENGINEERING LTD6,657.746.0840,463.2
PTC INDUSTRIES LTD642.1933.3021,384.8
ELECTROSTEEL CASTINGS LTD5,112.852.7914,239.9
KIRLOSKAR FERROUS INDUSTRIES LTD3,216.883.5011,260.0
ALICON CASTALLOY LTD487.854.952,416.6
STEELCAST LTD269.626.031,626.1
NELCAST LTD519.192.251,168.0
UNI ABEX ALLOY PRODUCTS LTD113.185.93671.7
SYNERGY GREEN INDUSTRIES LTD46.6914.46675.0
NITIN CASTINGS LTD59.925.67339.6

Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs BHAGWATI AUTOCAST 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.25x
Max industry PB 33.30x
Median industry PB 5.67x
Average industry PB 8.03x



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