CEAT
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The Current P/B Ratio of CEAT is 2.98.
Share Price | ₹2,974.5 | Nov 28,2024 |
Market Cap | ₹12,046.5 Cr | |
Book Value | ₹4,042.6 Cr | Mar2024 - Consolidated Results |
Price/Book | 2.98x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of CEAT
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹12,046.5 Cr] as on Nov 28,2024
(/) Book Value [ ₹4,042.6 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 2.98x ]
Thus, for CEAT , the investors are currently willing to pay '2.98 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 CEAT !
The chart below summarizes the trend in P/B Ratio of CEAT over the last five years.
Historical PB (Price/Book ) ratio chart of CEAT
PB Ratio Performance Analysis for CEAT
- CEAT 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.71x.
- CEAT 's operated at median p/b ratio of 1.71x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CEAT 's p/b ratio peaked in Mar2024 at 2.68x.
- CEAT 's p/b ratio hit its five-year low in Mar2020 of 1.09x.
How does CEAT 's P/B Ratio benchmark against top 10 peers in Tyres & Allied Industry?
Peer Comparison (Tyres & Allied Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
CEAT | 4,042.61 | 2.98 | 12,046.5 |
MRF LTD | 16,703.00 | 3.14 | 52,445.3 |
BALKRISHNA INDUSTRIES LTD | 8,853.82 | 5.95 | 52,639.3 |
APOLLO TYRES LTD | 13,902.20 | 2.33 | 32,409.2 |
JK TYRE & INDUSTRIES LTD | 4,486.71 | 2.31 | 10,359.3 |
TVS SRICHAKRA LTD | 1,112.13 | 2.61 | 2,902.7 |
GOODYEAR INDIA LTD | 581.45 | 4.12 | 2,394.5 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs CEAT 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.31x |
Max industry PB | 5.95x |
Median industry PB | 2.98x |
Average industry PB | 3.35x |
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