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GUJARAT STATE PETRONET
PB (Price/Book ) Ratio

The Current P/B Ratio of GUJARAT STATE PETRONET is 1.73.

Share Price ₹331.8Nov 22,2024
Market Cap ₹18,720.2 Cr
Book Value₹10,824.9 CrMar2024 - Consolidated Results
Price/Book 1.73xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of GUJARAT STATE PETRONET

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 GUJARAT STATE PETRONET is calculated as :

Current Market Cap [ ₹18,720.2 Cr] as on Nov 22,2024

(/) Book Value [ ₹10,824.9 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 1.73x ]

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

Thus, for GUJARAT STATE PETRONET , the investors are currently willing to pay '1.73 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 latest p/b ratio is 1.73x.

- 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 ValuePB RatioMarket Cap
GUJARAT STATE PETRONET 10,824.901.7318,720.2
ADANI TOTAL GAS LTD3,580.3218.7267,027.9
GUJARAT GAS LTD7,722.484.1231,803.6
INDRAPRASTHA GAS LTD9,633.372.2721,850.5
MAHANAGAR GAS LTD5,142.872.2211,429.1
CONFIDENCE FUTURISTIC ENERGETECH LTD156.901.13178.1

Gas Transmission/Marketing Industry Benchmark (Top 10) PB Analysis vs GUJARAT STATE PETRONET 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.13x
Max industry PB 18.72x
Median industry PB 2.27x
Average industry PB 5.03x



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