GLOBE TEXTILES (INDIA)
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The Current P/B Ratio of GLOBE TEXTILES (INDIA) is 1.43.
Share Price | ₹4.9 | Nov 08,2024 |
Market Cap | ₹148.3 Cr | |
Book Value | ₹103.8 Cr | Mar2024 - Standalone Results |
Price/Book | 1.43x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of GLOBE TEXTILES (INDIA)
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹148.3 Cr] as on Nov 08,2024
(/) Book Value [ ₹103.8 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 1.43x ]
Thus, for GLOBE TEXTILES (INDIA) , the investors are currently willing to pay '1.43 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 GLOBE TEXTILES (INDIA) !
The chart below summarizes the trend in P/B Ratio of GLOBE TEXTILES (INDIA) over the last five years.
Historical PB (Price/Book ) ratio chart of GLOBE TEXTILES (INDIA)
PB Ratio Performance Analysis for GLOBE TEXTILES (INDIA)
- GLOBE TEXTILES (INDIA) 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.99x.
- GLOBE TEXTILES (INDIA) 's operated at median p/b ratio of 0.74x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, GLOBE TEXTILES (INDIA) 's p/b ratio peaked in Mar2022 at 2.2x.
- GLOBE TEXTILES (INDIA) 's p/b ratio hit its five-year low in Mar2020 of 0.51x.
How does GLOBE TEXTILES (INDIA) 's P/B Ratio benchmark against top 10 peers in Textile Industry?
Peer Comparison (Textile Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
GLOBE TEXTILES (INDIA) | 103.85 | 1.43 | 148.3 |
PAGE INDUSTRIES LTD | 1,596.93 | 33.52 | 53,525.0 |
KPR MILL LTD | 4,358.23 | 7.31 | 31,858.8 |
VEDANT FASHIONS LTD | 1,593.52 | 21.38 | 34,063.6 |
SWAN ENERGY LTD | 6,278.89 | 2.60 | 16,342.1 |
WELSPUN LIVING LTD | 4,508.87 | 3.37 | 15,173.8 |
ALOK INDUSTRIES LTD | -19,775.90 | -0.55 | 10,864.0 |
VARDHMAN TEXTILES LTD | 9,100.13 | 1.53 | 13,918.0 |
ARVIND LTD | 3,540.19 | 2.76 | 9,759.9 |
GARWARE TECHNICAL FIBRES LTD | 1,233.86 | 6.55 | 8,078.4 |
JINDAL WORLDWIDE LTD | 719.07 | 8.37 | 6,020.6 |
Textile Industry Benchmark (Top 10) PB Analysis vs GLOBE TEXTILES (INDIA) 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.55x |
Max industry PB | 33.52x |
Median industry PB | 3.37x |
Average industry PB | 8.02x |
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