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FORBES & COMPANY
PB (Price/Book ) Ratio

The Current P/B Ratio of FORBES & COMPANY is 7.84.

Share Price ₹477.3Dec 24,2024
Market Cap ₹615.7 Cr
Book Value₹78.5 CrMar2024 - Consolidated Results
Price/Book 7.84xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of FORBES & COMPANY

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 FORBES & COMPANY is calculated as :

Current Market Cap [ ₹615.7 Cr] as on Dec 24,2024

(/) Book Value [ ₹78.5 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 7.84x ]

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

Thus, for FORBES & COMPANY , the investors are currently willing to pay '7.84 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 FORBES & COMPANY !

The chart below summarizes the trend in P/B Ratio of FORBES & COMPANY over the last five years.

Historical PB (Price/Book ) ratio chart of FORBES & COMPANY


PB Ratio Performance Analysis for FORBES & COMPANY

- FORBES & COMPANY 's latest p/b ratio is 7.84x.

- FORBES & COMPANY 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged -1.83x.

- FORBES & COMPANY 's operated at median p/b ratio of 4.63x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, FORBES & COMPANY 's p/b ratio peaked in Mar2024 at 7.1x.

- FORBES & COMPANY 's p/b ratio hit its five-year low in Mar2021 of -15.77x.


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

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
FORBES & COMPANY 78.537.84615.7
BHARAT ELECTRONICS LTD16,326.5013.09213,774.0
BHARAT HEAVY ELECTRICALS LTD24,438.703.4183,308.4
THERMAX LTD4,433.8311.9352,905.4
TRIVENI TURBINE LTD959.0724.4323,425.9
KIRLOSKAR OIL ENGINES LTD2,660.155.5314,712.4
ELECON ENGINEERING COMPANY LTD1,604.038.7814,085.6
PRAJ INDUSTRIES LTD1,274.4711.7514,976.2
SHRIRAM PISTONS & RINGS LTD1,925.674.719,060.4
KIRLOSKAR BROTHERS LTD1,718.959.1915,802.0
TEGA INDUSTRIES LTD1,191.808.8610,558.5

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs FORBES & COMPANY 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.41x
Max industry PB 24.43x
Median industry PB 8.86x
Average industry PB 9.96x



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