HINDUSTAN ADHESIVES
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The Current P/B Ratio of HINDUSTAN ADHESIVES is 2.90.
Share Price | ₹431.0 | Nov 19,2024 |
Market Cap | ₹219.8 Cr | |
Book Value | ₹75.7 Cr | Mar2024 - Consolidated Results |
Price/Book | 2.90x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of HINDUSTAN ADHESIVES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹219.8 Cr] as on Nov 19,2024
(/) Book Value [ ₹75.7 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 2.90x ]
Thus, for HINDUSTAN ADHESIVES , the investors are currently willing to pay '2.90 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 HINDUSTAN ADHESIVES !
The chart below summarizes the trend in P/B Ratio of HINDUSTAN ADHESIVES over the last five years.
Historical PB (Price/Book ) ratio chart of HINDUSTAN ADHESIVES
PB Ratio Performance Analysis for HINDUSTAN ADHESIVES
- HINDUSTAN ADHESIVES 's p/b ratio for fiscal years ending Mar2024 to Mar2016 averaged 1.60x.
- HINDUSTAN ADHESIVES 's operated at median p/b ratio of 1.68x from fiscal years ending March 2018 to 2022.
- Looking back at the last 4 fiscal years, HINDUSTAN ADHESIVES 's p/b ratio peaked in Mar2024 at 2.47x.
- HINDUSTAN ADHESIVES 's p/b ratio hit its five-year low in Mar2016 of 1x.
How does HINDUSTAN ADHESIVES 's P/B Ratio benchmark against top 10 peers in Plastic Products Industry?
Peer Comparison (Plastic Products Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
HINDUSTAN ADHESIVES | 75.69 | 2.90 | 219.8 |
ASTRAL LTD | 3,186.50 | 14.57 | 46,418.7 |
SUPREME INDUSTRIES LTD | 5,108.83 | 11.56 | 59,062.4 |
FINOLEX INDUSTRIES LTD | 5,634.27 | 2.89 | 16,290.6 |
RESPONSIVE INDUSTRIES LTD | 1,137.06 | 6.02 | 6,842.5 |
PRINCE PIPES AND FITTINGS LTD | 1,544.41 | 3.16 | 4,878.5 |
EPL LTD | 2,054.60 | 4.03 | 8,289.0 |
JAI CORP LTD | 1,486.14 | 3.51 | 5,211.6 |
TIME TECHNOPLAST LTD | 2,552.22 | 3.25 | 8,306.7 |
GARWARE HITECH FILMS LTD | 2,044.80 | 5.29 | 10,810.4 |
JAIN IRRIGATION SYSTEMS LTD | 5,391.74 | 0.81 | 4,378.6 |
Plastic Products Industry Benchmark (Top 10) PB Analysis vs HINDUSTAN ADHESIVES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.81x |
Max industry PB | 14.57x |
Median industry PB | 3.51x |
Average industry PB | 5.27x |
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