HITECH CORPORATION
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The Current P/B Ratio of HITECH CORPORATION is 1.57.
Share Price | ₹240.5 | Dec 20,2024 |
Market Cap | ₹413.6 Cr | |
Book Value | ₹263.4 Cr | Mar2024 - Standalone Results |
Price/Book | 1.57x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of HITECH CORPORATION
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹413.6 Cr] as on Dec 20,2024
(/) Book Value [ ₹263.4 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 1.57x ]
Thus, for HITECH CORPORATION , the investors are currently willing to pay '1.57 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 HITECH CORPORATION !
The chart below summarizes the trend in P/B Ratio of HITECH CORPORATION over the last five years.
Historical PB (Price/Book ) ratio chart of HITECH CORPORATION
PB Ratio Performance Analysis for HITECH CORPORATION
- HITECH CORPORATION 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.17x.
- HITECH CORPORATION 's operated at median p/b ratio of 1.17x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HITECH CORPORATION 's p/b ratio peaked in Mar2022 at 1.8x.
- HITECH CORPORATION 's p/b ratio hit its five-year low in Mar2020 of 0.5x.
How does HITECH CORPORATION 's P/B Ratio benchmark against top 10 peers in Plastic Products Industry?
Peer Comparison (Plastic Products Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
HITECH CORPORATION | 263.42 | 1.57 | 413.6 |
ASTRAL LTD | 3,186.50 | 14.62 | 46,594.7 |
SUPREME INDUSTRIES LTD | 5,108.83 | 12.05 | 61,575.6 |
FINOLEX INDUSTRIES LTD | 5,634.27 | 2.63 | 14,813.9 |
RESPONSIVE INDUSTRIES LTD | 1,137.06 | 5.91 | 6,714.5 |
PRINCE PIPES AND FITTINGS LTD | 1,544.41 | 2.92 | 4,505.4 |
EPL LTD | 2,054.60 | 4.11 | 8,450.9 |
JAI CORP LTD | 1,486.14 | 3.75 | 5,567.0 |
TIME TECHNOPLAST LTD | 2,552.22 | 4.16 | 10,606.7 |
GARWARE HITECH FILMS LTD | 2,044.80 | 5.68 | 11,611.4 |
JAIN IRRIGATION SYSTEMS LTD | 5,391.74 | 0.86 | 4,621.4 |
Plastic Products Industry Benchmark (Top 10) PB Analysis vs HITECH CORPORATION 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.86x |
Max industry PB | 14.62x |
Median industry PB | 4.11x |
Average industry PB | 5.30x |
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