HEG
|
The Current P/B Ratio of HEG is 1.78.
Share Price | ₹407.6 | Nov 22,2024 |
Market Cap | ₹7,866.7 Cr | |
Book Value | ₹4,425.9 Cr | Mar2024 - Consolidated Results |
Price/Book | 1.78x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of HEG
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹7,866.7 Cr] as on Nov 22,2024
(/) Book Value [ ₹4,425.9 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 1.78x ]
Thus, for HEG , the investors are currently willing to pay '1.78 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 HEG !
The chart below summarizes the trend in P/B Ratio of HEG over the last five years.
Historical PB (Price/Book ) ratio chart of HEG
PB Ratio Performance Analysis for HEG
- HEG 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.19x.
- HEG 's operated at median p/b ratio of 1.36x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HEG 's p/b ratio peaked in Mar2021 at 1.62x.
- HEG 's p/b ratio hit its five-year low in Mar2020 of 0.53x.
How does HEG 's P/B Ratio benchmark against top 10 peers in Electrodes & Welding Equipment Industry?
Peer Comparison (Electrodes & Welding Equipment Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
HEG | 4,425.94 | 1.78 | 7,866.7 |
GRAPHITE INDIA LTD | 5,610.77 | 1.64 | 9,200.2 |
ESAB INDIA LTD | 306.06 | 30.31 | 9,275.8 |
ADOR WELDING LTD | 362.38 | 5.50 | 1,993.6 |
DE NORA INDIA LTD | 119.69 | 5.22 | 624.2 |
ADOR FONTECH LTD | 126.57 | 3.94 | 498.8 |
GEE LTD | 131.30 | 2.87 | 377.0 |
PANASONIC CARBON INDIA COMPANY LTD | 156.80 | 1.71 | 268.7 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PB Analysis vs HEG 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.64x |
Max industry PB | 30.31x |
Median industry PB | 3.94x |
Average industry PB | 6.62x |
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