CIE AUTOMOTIVE INDIA
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The Current P/B Ratio of CIE AUTOMOTIVE INDIA is 3.47.
Share Price | ₹452.5 | Jan 29,2025 |
Market Cap | ₹17,166.0 Cr | |
Book Value | ₹4,939.9 Cr | Dec2023 - Standalone Results |
Price/Book | 3.47x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of CIE AUTOMOTIVE INDIA
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹17,166.0 Cr] as on Jan 29,2025
(/) Book Value [ ₹4,939.9 Cr] based on Dec2023 - Standalone Results
(=) P/B Ratio [ 3.47x ]
Thus, for CIE AUTOMOTIVE INDIA , the investors are currently willing to pay '3.47 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 CIE AUTOMOTIVE INDIA !
The chart below summarizes the trend in P/B Ratio of CIE AUTOMOTIVE INDIA over the last five years.
Historical PB (Price/Book ) ratio chart of CIE AUTOMOTIVE INDIA
PB Ratio Performance Analysis for CIE AUTOMOTIVE INDIA
- CIE AUTOMOTIVE INDIA 's p/b ratio for fiscal years ending Dec2023 to Dec2019 averaged 2.40x.
- CIE AUTOMOTIVE INDIA 's operated at median p/b ratio of 2.2x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CIE AUTOMOTIVE INDIA 's p/b ratio peaked in Dec2023 at 3.61x.
- CIE AUTOMOTIVE INDIA 's p/b ratio hit its five-year low in Dec2019 of 1.61x.
How does CIE AUTOMOTIVE INDIA 's P/B Ratio benchmark against top 10 peers in Forgings Industry?
Peer Comparison (Forgings Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
CIE AUTOMOTIVE INDIA | 4,939.94 | 3.47 | 17,166.0 |
BHARAT FORGE LTD | 7,157.45 | 7.98 | 57,134.0 |
RAMKRISHNA FORGINGS LTD | 2,674.76 | 5.27 | 14,090.3 |
MM FORGINGS LTD | 788.73 | 2.57 | 2,024.2 |
LGB FORGE LTD | 20.17 | 14.16 | 285.6 |
HILTON METAL FORGING LTD | 95.81 | 2.46 | 236.1 |
KALYANI FORGE LTD | 82.01 | 2.80 | 229.6 |
SAMRAT FORGINGS LTD | 31.57 | 5.15 | 162.5 |
TIRUPATI FORGE LTD | 49.92 | 14.15 | 706.5 |
GANGA FORGING LTD | 28.45 | 3.16 | 90.1 |
Forgings Industry Benchmark (Top 10) PB Analysis vs CIE AUTOMOTIVE INDIA 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.46x |
Max industry PB | 14.16x |
Median industry PB | 5.15x |
Average industry PB | 6.12x |
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