GOODYEAR INDIA
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The Current P/B Ratio of GOODYEAR INDIA is 4.13.
Share Price | ₹1,038.8 | Nov 29,2024 |
Market Cap | ₹2,399.5 Cr | |
Book Value | ₹581.5 Cr | Mar2024 - Standalone Results |
Price/Book | 4.13x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of GOODYEAR INDIA
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹2,399.5 Cr] as on Nov 29,2024
(/) Book Value [ ₹581.5 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 4.13x ]
Thus, for GOODYEAR INDIA , the investors are currently willing to pay '4.13 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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
GOODYEAR INDIA | 581.45 | 4.13 | 2,399.5 |
MRF LTD | 16,703.00 | 3.18 | 53,088.2 |
BALKRISHNA INDUSTRIES LTD | 8,853.82 | 6.07 | 53,706.4 |
APOLLO TYRES LTD | 13,902.20 | 2.33 | 32,380.6 |
JK TYRE & INDUSTRIES LTD | 4,486.71 | 2.33 | 10,467.6 |
CEAT LTD | 4,042.61 | 3.08 | 12,449.3 |
TVS SRICHAKRA LTD | 1,112.13 | 2.59 | 2,877.1 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs GOODYEAR INDIA 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.33x |
Max industry PB | 6.07x |
Median industry PB | 3.08x |
Average industry PB | 3.39x |
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