JAYASWAL NECO INDUSTRIES
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The Current P/B Ratio of JAYASWAL NECO INDUSTRIES is 1.70.
Share Price | ₹39.7 | Dec 26,2024 |
Market Cap | ₹3,858.8 Cr | |
Book Value | ₹2,263.3 Cr | Mar2024 - Standalone Results |
Price/Book | 1.70x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of JAYASWAL NECO INDUSTRIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹3,858.8 Cr] as on Dec 26,2024
(/) Book Value [ ₹2,263.3 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 1.70x ]
Thus, for JAYASWAL NECO INDUSTRIES , the investors are currently willing to pay '1.70 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 JAYASWAL NECO INDUSTRIES !
The chart below summarizes the trend in P/B Ratio of JAYASWAL NECO INDUSTRIES over the last five years.
Historical PB (Price/Book ) ratio chart of JAYASWAL NECO INDUSTRIES
PB Ratio Performance Analysis for JAYASWAL NECO INDUSTRIES
- JAYASWAL NECO INDUSTRIES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.72x.
- JAYASWAL NECO INDUSTRIES 's operated at median p/b ratio of 1x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JAYASWAL NECO INDUSTRIES 's p/b ratio peaked in Mar2024 at 2.06x.
- JAYASWAL NECO INDUSTRIES 's p/b ratio hit its five-year low in Mar2021 of -0.5x.
How does JAYASWAL NECO INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?
Peer Comparison (Steel & Iron Products Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
JAYASWAL NECO INDUSTRIES | 2,263.29 | 1.70 | 3,858.8 |
JSW STEEL LTD | 77,223.00 | 2.90 | 223,637.0 |
TATA STEEL LTD | 92,035.80 | 1.90 | 175,205.0 |
JINDAL STAINLESS LTD | 14,348.40 | 4.21 | 60,361.7 |
STEEL AUTHORITY OF INDIA LTD | 57,101.20 | 0.85 | 48,575.0 |
APL APOLLO TUBES LTD | 3,604.62 | 11.52 | 41,508.0 |
MOTHERSON SUMI WIRING INDIA LTD | 1,676.80 | 15.37 | 25,766.2 |
RATNAMANI METALS & TUBES LTD | 3,140.53 | 7.33 | 23,022.8 |
SHYAM METALICS AND ENERGY LTD | 9,685.18 | 2.12 | 20,559.5 |
WELSPUN CORP LTD | 5,596.02 | 3.74 | 20,938.1 |
JINDAL SAW LTD | 10,034.80 | 1.89 | 18,980.6 |
Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs JAYASWAL NECO INDUSTRIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.85x |
Max industry PB | 15.37x |
Median industry PB | 2.90x |
Average industry PB | 4.87x |
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