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BHARAT WIRE ROPES
PB (Price/Book ) Ratio

The Current P/B Ratio of BHARAT WIRE ROPES is 3.00.

Share Price ₹287.6Sep 13,2024
Market Cap ₹1,969.7 Cr
Book Value₹657.0 CrMar2024 - Consolidated Results
Price/Book 3.00xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of BHARAT WIRE ROPES

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 WIRE ROPES is calculated as :

Current Market Cap [ ₹1,969.7 Cr] as on Sep 13,2024

(/) Book Value [ ₹657.0 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 3.00x ]

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

Thus, for BHARAT WIRE ROPES , the investors are currently willing to pay '3.00 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 WIRE ROPES !

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

Historical PB (Price/Book ) ratio chart of BHARAT WIRE ROPES


PB Ratio Performance Analysis for BHARAT WIRE ROPES

- BHARAT WIRE ROPES 's latest p/b ratio is 3.00x.

- BHARAT WIRE ROPES 's p/b ratio for fiscal years ending Mar2024 to Mar2022 averaged 1.90x.

- BHARAT WIRE ROPES 's operated at median p/b ratio of 1.88x from fiscal years ending March 2018 to 2022.

- Looking back at the last 3 fiscal years, BHARAT WIRE ROPES 's p/b ratio peaked in Mar2024 at 2.86x.

- BHARAT WIRE ROPES 's p/b ratio hit its five-year low in Mar2022 of 0.96x.


How does BHARAT WIRE ROPES 's P/B Ratio benchmark against top 10 peers in Metal - Non Ferrous Industry?

Peer Comparison (Metal - Non Ferrous Industry)Book ValuePB RatioMarket Cap
BHARAT WIRE ROPES 657.043.001,969.7
HINDUSTAN ZINC LTD15,195.0013.81209,808.0
HINDALCO INDUSTRIES LTD106,386.001.42151,271.0
VEDANTA LTD30,509.005.82177,493.0
HINDUSTAN COPPER LTD2,285.1113.3230,432.2
GRAVITA INDIA LTD837.4021.0717,642.6
SHIVALIK BIMETAL CONTROLS LTD341.519.713,314.6
RAM RATNA WIRES LTD409.666.802,787.6
NILE LTD229.692.88660.7
RAJNANDINI METAL LTD41.437.55312.7
SHERA ENERGY LTD106.923.61386.4

Metal - Non Ferrous Industry Benchmark (Top 10) PB Analysis vs BHARAT WIRE ROPES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.42x
Max industry PB 21.07x
Median industry PB 6.80x
Average industry PB 8.09x



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