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HEG
PB (Price/Book ) Ratio

The Current P/B Ratio of HEG is 1.78.

Share Price ₹407.6Nov 22,2024
Market Cap ₹7,866.7 Cr
Book Value₹4,425.9 CrMar2024 - Consolidated Results
Price/Book 1.78xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of HEG

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 HEG is calculated as :

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 ]

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

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 latest p/b ratio is 1.78x.

- 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 ValuePB RatioMarket Cap
HEG 4,425.941.787,866.7
GRAPHITE INDIA LTD5,610.771.649,200.2
ESAB INDIA LTD306.0630.319,275.8
ADOR WELDING LTD362.385.501,993.6
DE NORA INDIA LTD119.695.22624.2
ADOR FONTECH LTD126.573.94498.8
GEE LTD131.302.87377.0
PANASONIC CARBON INDIA COMPANY LTD156.801.71268.7

Electrodes & Welding Equipment Industry Benchmark (Top 10) PB Analysis vs HEG 's P/B Ratio

Top 10 Industry PeersPB 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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