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JINDAL STAINLESS
PB (Price/Book ) Ratio

The Current P/B Ratio of JINDAL STAINLESS is 3.17.

Share Price ₹551.7Apr 04,2025
Market Cap ₹45,449.0 Cr
Book Value₹14,348.4 CrMar2024 - Consolidated Results
Price/Book 3.17xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of JINDAL STAINLESS

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

Applying the above formula, P/B ratio of JINDAL STAINLESS is calculated as :

Current Market Cap [ ₹45,449.0 Cr] as on Apr 04,2025

(/) Book Value [ ₹14,348.4 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 3.17x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for JINDAL STAINLESS , the investors are currently willing to pay '3.17 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 STAINLESS !

The chart below summarizes the trend in P/B Ratio of JINDAL STAINLESS over the last five years.

Historical PB (Price/Book ) ratio chart of JINDAL STAINLESS


PB Ratio Performance Analysis for JINDAL STAINLESS

- JINDAL STAINLESS 's latest p/b ratio is 3.17x.

- JINDAL STAINLESS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.80x.

- JINDAL STAINLESS 's operated at median p/b ratio of 1.54x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JINDAL STAINLESS 's p/b ratio peaked in Mar2024 at 3.99x.

- JINDAL STAINLESS 's p/b ratio hit its five-year low in Mar2020 of 0.43x.


How does JINDAL STAINLESS 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
JINDAL STAINLESS 14,348.403.1745,449.0
JSW STEEL LTD77,223.003.19246,306.0
TATA STEEL LTD92,035.801.91175,330.0
STEEL AUTHORITY OF INDIA LTD57,101.200.8146,489.1
APL APOLLO TUBES LTD3,604.6211.6942,156.0
MOTHERSON SUMI WIRING INDIA LTD1,676.8013.5622,733.3
SHYAM METALICS AND ENERGY LTD9,685.182.4723,969.1
WELSPUN CORP LTD5,596.023.8021,257.8
RATNAMANI METALS & TUBES LTD3,140.535.8118,260.0
SARDA ENERGY & MINERALS LTD3,888.644.5017,490.4
JINDAL SAW LTD10,034.801.6616,700.8

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs JINDAL STAINLESS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.81x
Max industry PB 13.56x
Median industry PB 3.19x
Average industry PB 4.78x



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