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ELIN ELECTRONICS
PB (Price/Book ) Ratio

The Current P/B Ratio of ELIN ELECTRONICS is 2.14.

Share Price ₹216.6Oct 31,2024
Market Cap ₹1,076.5 Cr
Book Value₹503.1 CrMar2024 - Consolidated Results
Price/Book 2.14xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ELIN ELECTRONICS

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of ELIN ELECTRONICS is calculated as :

Current Market Cap [ ₹1,076.5 Cr] as on Oct 31,2024

(/) Book Value [ ₹503.1 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 2.14x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for ELIN ELECTRONICS , the investors are currently willing to pay '2.14 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 ELIN ELECTRONICS !

The chart below summarizes the trend in P/B Ratio of ELIN ELECTRONICS over the last five years.

Historical PB (Price/Book ) ratio chart of ELIN ELECTRONICS


PB Ratio Performance Analysis for ELIN ELECTRONICS

- ELIN ELECTRONICS 's latest p/b ratio is 2.14x.

- ELIN ELECTRONICS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.49x.

- ELIN ELECTRONICS 's operated at median p/b ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELIN ELECTRONICS 's p/b ratio peaked in Mar2024 at 1.27x.

- ELIN ELECTRONICS 's p/b ratio hit its five-year low in Mar2022 of 0x.


How does ELIN ELECTRONICS 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
ELIN ELECTRONICS 503.102.141,076.5
BHARAT ELECTRONICS LTD16,326.5012.75208,219.0
BHARAT HEAVY ELECTRICALS LTD24,438.703.4183,238.7
THERMAX LTD4,433.8313.2458,691.6
TRIVENI TURBINE LTD959.0722.9422,001.8
KIRLOSKAR OIL ENGINES LTD2,660.156.2516,638.0
ELECON ENGINEERING COMPANY LTD1,604.038.0412,896.3
PRAJ INDUSTRIES LTD1,274.4710.6413,555.3
SHRIRAM PISTONS & RINGS LTD1,925.674.949,515.6
KIRLOSKAR BROTHERS LTD1,718.958.9215,325.1
TEGA INDUSTRIES LTD1,191.8010.7512,812.1

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs ELIN ELECTRONICS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.14x
Max industry PB 22.94x
Median industry PB 8.92x
Average industry PB 9.46x



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