IDFC FIRST BANK
|
The Current P/B Ratio of IDFC FIRST BANK is 1.46.
| Share Price | ₹64.3 | Nov 28,2024 |
| Market Cap | ₹47,025.9 Cr | |
| Book Value | ₹32,214.7 Cr | Mar2024 - Consolidated Results |
| Price/Book | 1.46x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of IDFC FIRST BANK
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
Current Market Cap [ ₹47,025.9 Cr] as on Nov 28,2024
(/) Book Value [ ₹32,214.7 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 1.46x ]
P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.
Thus, for IDFC FIRST BANK , the investors are currently willing to pay '1.46 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 IDFC FIRST BANK !
The chart below summarizes the trend in P/B Ratio of IDFC FIRST BANK over the last five years.
Thus, for IDFC FIRST BANK , the investors are currently willing to pay '1.46 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 IDFC FIRST BANK !
The chart below summarizes the trend in P/B Ratio of IDFC FIRST BANK over the last five years.
Historical PB (Price/Book ) ratio chart of IDFC FIRST BANK
PB Ratio Performance Analysis for IDFC FIRST BANK
- IDFC FIRST BANK 's latest p/b ratio is 1.46x.
- IDFC FIRST BANK 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.33x.
- IDFC FIRST BANK 's operated at median p/b ratio of 1.41x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, IDFC FIRST BANK 's p/b ratio peaked in Mar2021 at 1.77x.
- IDFC FIRST BANK 's p/b ratio hit its five-year low in Mar2020 of 0.66x.
- IDFC FIRST BANK 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.33x.
- IDFC FIRST BANK 's operated at median p/b ratio of 1.41x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, IDFC FIRST BANK 's p/b ratio peaked in Mar2021 at 1.77x.
- IDFC FIRST BANK 's p/b ratio hit its five-year low in Mar2020 of 0.66x.
How does IDFC FIRST BANK 's P/B Ratio benchmark against top 10 peers in Bank - Private Industry?
| Peer Comparison (Bank - Private Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| IDFC FIRST BANK | 32,214.70 | 1.46 | 47,025.9 |
| HDFC BANK LTD | 453,743.00 | 3.02 | 1,370,300.0 |
| ICICI BANK LTD | 254,739.00 | 3.56 | 907,705.0 |
| KOTAK MAHINDRA BANK LTD | 129,892.00 | 2.69 | 349,887.0 |
| AXIS BANK LTD | 156,129.00 | 2.24 | 350,453.0 |
| INDUSIND BANK LTD | 63,104.00 | 1.23 | 77,411.2 |
| IDBI BANK LTD | 51,073.10 | 1.73 | 88,395.5 |
| YES BANK LTD | 41,148.10 | 1.55 | 63,828.4 |
| AU SMALL FINANCE BANK LTD | 12,496.80 | 3.49 | 43,598.8 |
| THE FEDERAL BANK LTD | 30,101.60 | 1.72 | 51,778.8 |
| BANDHAN BANK LTD | 21,565.40 | 1.28 | 27,523.4 |
Bank - Private Industry Benchmark (Top 10) PB Analysis vs IDFC FIRST BANK 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.23x |
| Max industry PB | 3.56x |
| Median industry PB | 1.73x |
| Average industry PB | 2.18x |
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