CORDS CABLE INDUSTRIES
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The Current P/B Ratio of CORDS CABLE INDUSTRIES is 1.17.
Share Price | ₹153.3 | Jan 28,2025 |
Market Cap | ₹197.7 Cr | |
Book Value | ₹169.2 Cr | Mar2024 - Standalone Results |
Price/Book | 1.17x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of CORDS CABLE INDUSTRIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹197.7 Cr] as on Jan 28,2025
(/) Book Value [ ₹169.2 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 1.17x ]
Thus, for CORDS CABLE INDUSTRIES , the investors are currently willing to pay '1.17 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 CORDS CABLE INDUSTRIES !
The chart below summarizes the trend in P/B Ratio of CORDS CABLE INDUSTRIES over the last five years.
Historical PB (Price/Book ) ratio chart of CORDS CABLE INDUSTRIES
PB Ratio Performance Analysis for CORDS CABLE INDUSTRIES
- CORDS CABLE INDUSTRIES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.57x.
- CORDS CABLE INDUSTRIES 's operated at median p/b ratio of 0.43x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CORDS CABLE INDUSTRIES 's p/b ratio peaked in Mar2024 at 1.33x.
- CORDS CABLE INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.22x.
How does CORDS CABLE INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Cable Industry?
Peer Comparison (Cable Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
CORDS CABLE INDUSTRIES | 169.24 | 1.17 | 197.7 |
POLYCAB INDIA LTD | 8,116.84 | 10.51 | 85,332.8 |
KEI INDUSTRIES LTD | 3,137.40 | 11.91 | 37,374.4 |
RR KABEL LTD | 1,826.04 | 7.42 | 13,556.9 |
FINOLEX CABLES LTD | 4,945.86 | 3.01 | 14,885.6 |
STERLITE TECHNOLOGIES LTD | 2,009.00 | 2.44 | 4,905.3 |
PRECISION WIRES INDIA LTD | 506.44 | 5.54 | 2,804.9 |
PARAMOUNT COMMUNICATIONS LTD | 623.37 | 3.30 | 2,055.6 |
UNIVERSAL CABLES LTD | 1,775.05 | 1.18 | 2,097.5 |
DYNAMIC CABLES LTD | 213.95 | 9.75 | 2,086.6 |
BIRLA CABLE LTD | 251.00 | 2.06 | 518.0 |
Cable Industry Benchmark (Top 10) PB Analysis vs CORDS CABLE INDUSTRIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.17x |
Max industry PB | 11.91x |
Median industry PB | 3.30x |
Average industry PB | 5.30x |
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