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GLOBE TEXTILES (INDIA)
PB (Price/Book ) Ratio

The Current P/B Ratio of GLOBE TEXTILES (INDIA) is 1.43.

Share Price ₹4.9Nov 08,2024
Market Cap ₹148.3 Cr
Book Value₹103.8 CrMar2024 - Standalone Results
Price/Book 1.43xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of GLOBE TEXTILES (INDIA)

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 GLOBE TEXTILES (INDIA) is calculated as :

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 ]

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

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 latest p/b ratio is 1.43x.

- 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 ValuePB RatioMarket Cap
GLOBE TEXTILES (INDIA) 103.851.43148.3
PAGE INDUSTRIES LTD1,596.9333.5253,525.0
KPR MILL LTD4,358.237.3131,858.8
VEDANT FASHIONS LTD1,593.5221.3834,063.6
SWAN ENERGY LTD6,278.892.6016,342.1
WELSPUN LIVING LTD4,508.873.3715,173.8
ALOK INDUSTRIES LTD-19,775.90-0.5510,864.0
VARDHMAN TEXTILES LTD9,100.131.5313,918.0
ARVIND LTD3,540.192.769,759.9
GARWARE TECHNICAL FIBRES LTD1,233.866.558,078.4
JINDAL WORLDWIDE LTD719.078.376,020.6

Textile Industry Benchmark (Top 10) PB Analysis vs GLOBE TEXTILES (INDIA) 's P/B Ratio

Top 10 Industry PeersPB 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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