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GANGA FORGING
PB (Price/Book ) Ratio

The Current P/B Ratio of GANGA FORGING is 3.31.

Share Price ₹7.0Dec 27,2024
Market Cap ₹94.1 Cr
Book Value₹28.5 CrMar2024 - Standalone Results
Price/Book 3.31xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of GANGA FORGING

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 GANGA FORGING is calculated as :

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 ]

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

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 latest p/b ratio is 3.31x.

- 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 ValuePB RatioMarket Cap
GANGA FORGING 28.453.3194.1
BHARAT FORGE LTD7,157.458.7962,890.2
CIE AUTOMOTIVE INDIA LTD4,939.943.6217,894.5
RAMKRISHNA FORGINGS LTD2,674.766.1616,488.5
MM FORGINGS LTD788.732.902,288.1
LGB FORGE LTD20.1719.45392.3
HILTON METAL FORGING LTD95.812.76264.4
KALYANI FORGE LTD82.013.04248.9
SAMRAT FORGINGS LTD31.575.38170.0
TIRUPATI FORGE LTD49.9213.14655.7

Forgings Industry Benchmark (Top 10) PB Analysis vs GANGA FORGING 's P/B Ratio

Top 10 Industry PeersPB 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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