JINDAL DRILLING & INDUSTRIES
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The Current P/B Ratio of JINDAL DRILLING & INDUSTRIES is 1.56.
Share Price | ₹732.4 | Nov 21,2024 |
Market Cap | ₹2,123.8 Cr | |
Book Value | ₹1,362.2 Cr | Mar2024 - Consolidated Results |
Price/Book | 1.56x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of JINDAL DRILLING & INDUSTRIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹2,123.8 Cr] as on Nov 21,2024
(/) Book Value [ ₹1,362.2 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 1.56x ]
Thus, for JINDAL DRILLING & INDUSTRIES , the investors are currently willing to pay '1.56 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 JINDAL DRILLING & INDUSTRIES !
The chart below summarizes the trend in P/B Ratio of JINDAL DRILLING & INDUSTRIES over the last five years.
Historical PB (Price/Book ) ratio chart of JINDAL DRILLING & INDUSTRIES
PB Ratio Performance Analysis for JINDAL DRILLING & INDUSTRIES
- JINDAL DRILLING & INDUSTRIES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.56x.
- JINDAL DRILLING & INDUSTRIES 's operated at median p/b ratio of 0.53x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JINDAL DRILLING & INDUSTRIES 's p/b ratio peaked in Mar2024 at 1.35x.
- JINDAL DRILLING & INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.1x.
How does JINDAL DRILLING & INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Oil Exploration Industry?
Peer Comparison (Oil Exploration Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
JINDAL DRILLING & INDUSTRIES | 1,362.21 | 1.56 | 2,123.8 |
OIL & NATURAL GAS CORPORATION LTD | 337,070.00 | 0.90 | 304,694.0 |
OIL INDIA LTD | 48,339.00 | 1.64 | 79,077.5 |
HINDUSTAN OIL EXPLORATION COMPANY LTD | 1,174.42 | 2.09 | 2,453.1 |
ASIAN ENERGY SERVICES LTD | 265.35 | 5.51 | 1,462.1 |
SELAN EXPLORATION TECHNOLOGY LTD | 392.44 | 3.25 | 1,275.8 |
DEEP ENERGY RESOURCES LTD | 399.52 | 2.48 | 992.2 |
ABAN OFFSHORE LTD | -23,871.90 | -0.01 | 356.3 |
GUJARAT NATURAL RESOURCES LTD | 105.52 | 1.97 | 207.5 |
AAKASH EXPLORATION SERVICES LTD | 58.53 | 1.81 | 106.1 |
Oil Exploration Industry Benchmark (Top 10) PB Analysis vs JINDAL DRILLING & INDUSTRIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.01x |
Max industry PB | 5.51x |
Median industry PB | 1.97x |
Average industry PB | 2.12x |
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