DR REDDYS LABORATORIES
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The Current P/B Ratio of DR REDDYS LABORATORIES is 3.51.
Share Price | ₹1,181.9 | Jan 29,2025 |
Market Cap | ₹98,613.6 Cr | |
Book Value | ₹28,123.5 Cr | Mar2024 - Consolidated Results |
Price/Book | 3.51x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of DR REDDYS LABORATORIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹98,613.6 Cr] as on Jan 29,2025
(/) Book Value [ ₹28,123.5 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 3.51x ]
Thus, for DR REDDYS LABORATORIES , the investors are currently willing to pay '3.51 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 DR REDDYS LABORATORIES !
The chart below summarizes the trend in P/B Ratio of DR REDDYS LABORATORIES over the last five years.
Historical PB (Price/Book ) ratio chart of DR REDDYS LABORATORIES
PB Ratio Performance Analysis for DR REDDYS LABORATORIES
- DR REDDYS LABORATORIES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.67x.
- DR REDDYS LABORATORIES 's operated at median p/b ratio of 3.65x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, DR REDDYS LABORATORIES 's p/b ratio peaked in Mar2021 at 4.29x.
- DR REDDYS LABORATORIES 's p/b ratio hit its five-year low in Mar2023 of 3.33x.
How does DR REDDYS LABORATORIES 's P/B Ratio benchmark against top 10 peers in Pharmaceuticals & Drugs Industry?
Peer Comparison (Pharmaceuticals & Drugs Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
DR REDDYS LABORATORIES | 28,123.50 | 3.51 | 98,613.6 |
SUN PHARMACEUTICAL INDUSTRIES LTD | 63,666.80 | 6.54 | 416,692.0 |
CIPLA LTD | 26,619.90 | 4.32 | 115,000.0 |
ZYDUS LIFESCIENCES LTD | 19,829.50 | 4.73 | 93,841.4 |
DIVIS LABORATORIES LTD | 13,571.00 | 11.00 | 149,215.0 |
MANKIND PHARMA LTD | 9,339.84 | 10.95 | 102,232.0 |
TORRENT PHARMACEUTICALS LTD | 6,856.15 | 16.58 | 113,701.0 |
LUPIN LTD | 14,175.80 | 6.65 | 94,337.9 |
AUROBINDO PHARMA LTD | 29,842.80 | 2.25 | 67,192.9 |
ABBOTT INDIA LTD | 3,658.73 | 14.80 | 54,136.1 |
ALKEM LABORATORIES LTD | 10,292.50 | 5.81 | 59,830.3 |
Pharmaceuticals & Drugs Industry Benchmark (Top 10) PB Analysis vs DR REDDYS LABORATORIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.25x |
Max industry PB | 16.58x |
Median industry PB | 6.54x |
Average industry PB | 7.92x |
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