GUJARAT STATE PETRONET
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The Current P/B Ratio of GUJARAT STATE PETRONET is 1.91.
Share Price | ₹365.6 | Dec 03,2024 |
Market Cap | ₹20,624.3 Cr | |
Book Value | ₹10,824.9 Cr | Mar2024 - Consolidated Results |
Price/Book | 1.91x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of GUJARAT STATE PETRONET
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹20,624.3 Cr] as on Dec 03,2024
(/) Book Value [ ₹10,824.9 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 1.91x ]
Thus, for GUJARAT STATE PETRONET , the investors are currently willing to pay '1.91 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 GUJARAT STATE PETRONET !
The chart below summarizes the trend in P/B Ratio of GUJARAT STATE PETRONET over the last five years.
Historical PB (Price/Book ) ratio chart of GUJARAT STATE PETRONET
PB Ratio Performance Analysis for GUJARAT STATE PETRONET
- GUJARAT STATE PETRONET 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.94x.
- GUJARAT STATE PETRONET 's operated at median p/b ratio of 1.86x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, GUJARAT STATE PETRONET 's p/b ratio peaked in Mar2021 at 2.41x.
- GUJARAT STATE PETRONET 's p/b ratio hit its five-year low in Mar2023 of 1.58x.
How does GUJARAT STATE PETRONET 's P/B Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?
Peer Comparison (Gas Transmission/Marketing Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
GUJARAT STATE PETRONET | 10,824.90 | 1.91 | 20,624.3 |
ADANI TOTAL GAS LTD | 3,580.32 | 23.52 | 84,201.5 |
GUJARAT GAS LTD | 7,722.48 | 4.44 | 34,261.2 |
INDRAPRASTHA GAS LTD | 9,633.37 | 2.62 | 25,270.0 |
MAHANAGAR GAS LTD | 5,142.87 | 2.46 | 12,636.6 |
CONFIDENCE FUTURISTIC ENERGETECH LTD | 156.90 | 1.30 | 204.4 |
Gas Transmission/Marketing Industry Benchmark (Top 10) PB Analysis vs GUJARAT STATE PETRONET 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.30x |
Max industry PB | 23.52x |
Median industry PB | 2.62x |
Average industry PB | 6.04x |
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