GANGA FORGING
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The Current P/B Ratio of GANGA FORGING is 3.31.
Share Price | ₹7.0 | Dec 27,2024 |
Market Cap | ₹94.1 Cr | |
Book Value | ₹28.5 Cr | Mar2024 - Standalone Results |
Price/Book | 3.31x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of GANGA FORGING
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹94.1 Cr] as on Dec 27,2024
(/) Book Value [ ₹28.5 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 3.31x ]
Thus, for GANGA FORGING , the investors are currently willing to pay '3.31 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 GANGA FORGING !
The chart below summarizes the trend in P/B Ratio of GANGA FORGING over the last five years.
Historical PB (Price/Book ) ratio chart of GANGA FORGING
PB Ratio Performance Analysis for GANGA FORGING
- GANGA FORGING 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.72x.
- GANGA FORGING 's operated at median p/b ratio of 4.1x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, GANGA FORGING 's p/b ratio peaked in Mar2022 at 7.03x.
- GANGA FORGING 's p/b ratio hit its five-year low in Mar2020 of 0.77x.
How does GANGA FORGING 's P/B Ratio benchmark against top 10 peers in Forgings Industry?
Peer Comparison (Forgings Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
GANGA FORGING | 28.45 | 3.31 | 94.1 |
BHARAT FORGE LTD | 7,157.45 | 8.79 | 62,890.2 |
CIE AUTOMOTIVE INDIA LTD | 4,939.94 | 3.62 | 17,894.5 |
RAMKRISHNA FORGINGS LTD | 2,674.76 | 6.16 | 16,488.5 |
MM FORGINGS LTD | 788.73 | 2.90 | 2,288.1 |
LGB FORGE LTD | 20.17 | 19.45 | 392.3 |
HILTON METAL FORGING LTD | 95.81 | 2.76 | 264.4 |
KALYANI FORGE LTD | 82.01 | 3.04 | 248.9 |
SAMRAT FORGINGS LTD | 31.57 | 5.38 | 170.0 |
TIRUPATI FORGE LTD | 49.92 | 13.14 | 655.7 |
Forgings Industry Benchmark (Top 10) PB Analysis vs GANGA FORGING 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.76x |
Max industry PB | 19.45x |
Median industry PB | 5.38x |
Average industry PB | 6.86x |
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