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GANDHI SPECIAL TUBES
PB (Price/Book ) Ratio

The Current P/B Ratio of GANDHI SPECIAL TUBES is 4.57.

Share Price ₹834.7Dec 20,2024
Market Cap ₹1,018.3 Cr
Book Value₹222.8 CrMar2024 - Standalone Results
Price/Book 4.57xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of GANDHI SPECIAL TUBES

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 GANDHI SPECIAL TUBES is calculated as :

Current Market Cap [ ₹1,018.3 Cr] as on Dec 20,2024

(/) Book Value [ ₹222.8 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 4.57x ]

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

Thus, for GANDHI SPECIAL TUBES , the investors are currently willing to pay '4.57 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 GANDHI SPECIAL TUBES !

The chart below summarizes the trend in P/B Ratio of GANDHI SPECIAL TUBES over the last five years.

Historical PB (Price/Book ) ratio chart of GANDHI SPECIAL TUBES


PB Ratio Performance Analysis for GANDHI SPECIAL TUBES

- GANDHI SPECIAL TUBES 's latest p/b ratio is 4.57x.

- GANDHI SPECIAL TUBES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.79x.

- GANDHI SPECIAL TUBES 's operated at median p/b ratio of 2.88x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GANDHI SPECIAL TUBES 's p/b ratio peaked in Mar2024 at 4.01x.

- GANDHI SPECIAL TUBES 's p/b ratio hit its five-year low in Mar2020 of 1.81x.


How does GANDHI SPECIAL TUBES 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
GANDHI SPECIAL TUBES 222.784.571,018.3
JSW STEEL LTD77,223.002.91224,603.0
TATA STEEL LTD92,035.801.91175,829.0
JINDAL STAINLESS LTD14,348.404.1359,286.7
STEEL AUTHORITY OF INDIA LTD57,101.200.8447,976.1
APL APOLLO TUBES LTD3,604.6212.0143,280.0
MOTHERSON SUMI WIRING INDIA LTD1,676.8015.8026,500.1
RATNAMANI METALS & TUBES LTD3,140.537.3523,075.0
SHYAM METALICS AND ENERGY LTD9,685.182.2221,483.4
WELSPUN CORP LTD5,596.023.6420,383.2
JINDAL SAW LTD10,034.801.9119,210.8

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs GANDHI SPECIAL TUBES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.84x
Max industry PB 15.80x
Median industry PB 3.64x
Average industry PB 5.21x



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