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GOODYEAR INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of GOODYEAR INDIA is 4.05.

Share Price ₹1,018.3Nov 25,2024
Market Cap ₹2,352.2 Cr
Book Value₹581.5 CrMar2024 - Standalone Results
Price/Book 4.05xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of GOODYEAR 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 GOODYEAR INDIA is calculated as :

Current Market Cap [ ₹2,352.2 Cr] as on Nov 25,2024

(/) Book Value [ ₹581.5 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 4.05x ]

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

Thus, for GOODYEAR INDIA , the investors are currently willing to pay '4.05 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 GOODYEAR INDIA !

The chart below summarizes the trend in P/B Ratio of GOODYEAR INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of GOODYEAR INDIA


PB Ratio Performance Analysis for GOODYEAR INDIA

- GOODYEAR INDIA 's latest p/b ratio is 4.05x.

- GOODYEAR INDIA 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.07x.

- GOODYEAR INDIA '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, GOODYEAR INDIA 's p/b ratio peaked in Mar2024 at 4.39x.

- GOODYEAR INDIA 's p/b ratio hit its five-year low in Mar2020 of 1.53x.


How does GOODYEAR INDIA 's P/B Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Book ValuePB RatioMarket Cap
GOODYEAR INDIA 581.454.052,352.2
MRF LTD16,703.003.1652,722.5
BALKRISHNA INDUSTRIES LTD8,853.826.0053,120.7
APOLLO TYRES LTD13,902.202.3032,002.7
JK TYRE & INDUSTRIES LTD4,486.712.239,999.0
CEAT LTD4,042.612.9111,775.0
TVS SRICHAKRA LTD1,112.132.482,753.6

Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs GOODYEAR INDIA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.23x
Max industry PB 6.00x
Median industry PB 2.91x
Average industry PB 3.30x



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