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BHARAT ELECTRONICS
PB (Price/Book ) Ratio

The Current P/B Ratio of BHARAT ELECTRONICS is 11.61.

Share Price ₹259.3Feb 12,2025
Market Cap ₹189,506.6 Cr
Book Value₹16,326.5 CrMar2024 - Consolidated Results
Price/Book 11.61xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of BHARAT ELECTRONICS

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 BHARAT ELECTRONICS is calculated as :

Current Market Cap [ ₹189,506.6 Cr] as on Feb 12,2025

(/) Book Value [ ₹16,326.5 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 11.61x ]

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

Thus, for BHARAT ELECTRONICS , the investors are currently willing to pay '11.61 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 BHARAT ELECTRONICS !

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

Historical PB (Price/Book ) ratio chart of BHARAT ELECTRONICS


PB Ratio Performance Analysis for BHARAT ELECTRONICS

- BHARAT ELECTRONICS 's latest p/b ratio is 11.61x.

- BHARAT ELECTRONICS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 4.58x.

- BHARAT ELECTRONICS 's operated at median p/b ratio of 4.18x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BHARAT ELECTRONICS 's p/b ratio peaked in Mar2024 at 9.02x.

- BHARAT ELECTRONICS 's p/b ratio hit its five-year low in Mar2020 of 1.8x.


How does BHARAT ELECTRONICS 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
BHARAT ELECTRONICS 16,326.5011.61189,506.6
BHARAT HEAVY ELECTRICALS LTD24,438.702.8369,223.4
THERMAX LTD4,433.838.5437,868.5
TRIVENI TURBINE LTD959.0719.1018,319.2
KIRLOSKAR OIL ENGINES LTD2,660.154.0810,862.5
ELECON ENGINEERING COMPANY LTD1,604.036.5010,427.9
PRAJ INDUSTRIES LTD1,274.478.1410,372.6
SHRIRAM PISTONS & RINGS LTD1,925.674.588,812.8
KIRLOSKAR BROTHERS LTD1,718.958.3414,344.4
TEGA INDUSTRIES LTD1,191.808.089,625.0
ION EXCHANGE (INDIA) LTD1,017.917.687,816.6

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs BHARAT ELECTRONICS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.83x
Max industry PB 19.10x
Median industry PB 8.08x
Average industry PB 8.13x



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