COFORGE
|
The Current P/B Ratio of COFORGE is 18.10.
Share Price | ₹9,700.0 | Jan 02,2025 |
Market Cap | ₹64,893.0 Cr | |
Book Value | ₹3,584.6 Cr | Mar2024 - Consolidated Results |
Price/Book | 18.10x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of COFORGE
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹64,893.0 Cr] as on Jan 02,2025
(/) Book Value [ ₹3,584.6 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 18.10x ]
Thus, for COFORGE , the investors are currently willing to pay '18.10 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 COFORGE !
The chart below summarizes the trend in P/B Ratio of COFORGE over the last five years.
Historical PB (Price/Book ) ratio chart of COFORGE
PB Ratio Performance Analysis for COFORGE
- COFORGE 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 7.55x.
- COFORGE 's operated at median p/b ratio of 7.79x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, COFORGE 's p/b ratio peaked in Mar2022 at 10.14x.
- COFORGE 's p/b ratio hit its five-year low in Mar2020 of 3x.
How does COFORGE 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
COFORGE | 3,584.60 | 18.10 | 64,893.0 |
TATA CONSULTANCY SERVICES LTD | 90,489.00 | 16.73 | 1,513,900.0 |
INFOSYS LTD | 87,203.00 | 9.32 | 812,869.0 |
HCL TECHNOLOGIES LTD | 67,624.00 | 7.91 | 534,972.0 |
WIPRO LTD | 73,894.60 | 4.30 | 317,898.0 |
LTIMINDTREE LTD | 19,673.80 | 8.66 | 170,423.0 |
TECH MAHINDRA LTD | 26,364.90 | 6.41 | 169,100.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 7,725.93 | 14.21 | 109,818.0 |
PERSISTENT SYSTEMS LTD | 4,720.87 | 21.15 | 99,831.3 |
L&T TECHNOLOGY SERVICES LTD | 5,231.00 | 9.71 | 50,784.2 |
TATA ELXSI LTD | 2,490.63 | 16.76 | 41,745.4 |
IT - Software Industry Benchmark (Top 10) PB Analysis vs COFORGE 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 4.30x |
Max industry PB | 21.15x |
Median industry PB | 9.71x |
Average industry PB | 12.12x |
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