HINDUSTHAN NATIONAL GLASS & INDUSTRIES
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The Current P/B Ratio of HINDUSTHAN NATIONAL GLASS & INDUSTRIES is -0.26.
Share Price | ₹24.3 | Dec 02,2024 |
Market Cap | ₹217.5 Cr | |
Book Value | ₹-832.3 Cr | Mar2024 - Standalone Results |
Price/Book | -0.26x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of HINDUSTHAN NATIONAL GLASS & INDUSTRIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹217.5 Cr] as on Dec 02,2024
(/) Book Value [ ₹-832.3 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ -0.26x ]
Thus, for HINDUSTHAN NATIONAL GLASS & INDUSTRIES , the investors are currently willing to pay '-0.26 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 HINDUSTHAN NATIONAL GLASS & INDUSTRIES !
The chart below summarizes the trend in P/B Ratio of HINDUSTHAN NATIONAL GLASS & INDUSTRIES over the last five years.
Historical PB (Price/Book ) ratio chart of HINDUSTHAN NATIONAL GLASS & INDUSTRIES
PB Ratio Performance Analysis for HINDUSTHAN NATIONAL GLASS & INDUSTRIES
- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged -0.65x.
- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's operated at median p/b ratio of -0.22x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's p/b ratio peaked in Mar2023 at -0.08x.
- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of -2.08x.
How does HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Glass Industry?
Peer Comparison (Glass Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
HINDUSTHAN NATIONAL GLASS & INDUSTRIES | -832.29 | -0.26 | 217.5 |
ASAHI INDIA GLASS LTD | 2,353.45 | 7.07 | 16,641.9 |
BOROSIL RENEWABLES LTD | 871.52 | 6.60 | 5,755.4 |
LA OPALA RG LTD | 851.53 | 4.47 | 3,802.3 |
HALDYN GLASS LTD | 199.26 | 4.32 | 860.8 |
EMPIRE INDUSTRIES LTD | 300.22 | 2.04 | 612.1 |
SEJAL GLASS LTD | 29.11 | 18.22 | 530.3 |
Glass Industry Benchmark (Top 10) PB Analysis vs HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.26x |
Max industry PB | 18.22x |
Median industry PB | 4.47x |
Average industry PB | 6.07x |
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