CEAT
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The Current P/B Ratio of CEAT is 2.92.
Share Price | ₹2,911.0 | Nov 25,2024 |
Market Cap | ₹11,789.6 Cr | |
Book Value | ₹4,042.6 Cr | Mar2024 - Consolidated Results |
Price/Book | 2.92x | 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 [ ₹11,789.6 Cr] as on Nov 25,2024
(/) Book Value [ ₹4,042.6 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 2.92x ]
Thus, for CEAT , the investors are currently willing to pay '2.92 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 | 2.92 | 11,789.6 |
MRF LTD | 16,703.00 | 3.16 | 52,722.5 |
BALKRISHNA INDUSTRIES LTD | 8,853.82 | 6.00 | 53,120.7 |
APOLLO TYRES LTD | 13,902.20 | 2.30 | 32,002.7 |
JK TYRE & INDUSTRIES LTD | 4,486.71 | 2.23 | 9,999.0 |
TVS SRICHAKRA LTD | 1,112.13 | 2.48 | 2,753.6 |
GOODYEAR INDIA LTD | 581.45 | 4.04 | 2,348.8 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs CEAT 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.23x |
Max industry PB | 6.00x |
Median industry PB | 2.92x |
Average industry PB | 3.30x |
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