JK TYRE & INDUSTRIES
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The Current P/B Ratio of JK TYRE & INDUSTRIES is 1.76.
Share Price | ₹288.1 | Apr 02,2025 |
Market Cap | ₹7,893.9 Cr | |
Book Value | ₹4,486.7 Cr | Mar2024 - Consolidated Results |
Price/Book | 1.76x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of JK TYRE & INDUSTRIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹7,893.9 Cr] as on Apr 02,2025
(/) Book Value [ ₹4,486.7 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 1.76x ]
Thus, for JK TYRE & INDUSTRIES , the investors are currently willing to pay '1.76 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 JK TYRE & INDUSTRIES !
The chart below summarizes the trend in P/B Ratio of JK TYRE & INDUSTRIES over the last five years.
Historical PB (Price/Book ) ratio chart of JK TYRE & INDUSTRIES
PB Ratio Performance Analysis for JK TYRE & INDUSTRIES
- JK TYRE & INDUSTRIES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.22x.
- JK TYRE & INDUSTRIES 's operated at median p/b ratio of 1.02x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JK TYRE & INDUSTRIES 's p/b ratio peaked in Mar2024 at 2.51x.
- JK TYRE & INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.43x.
How does JK TYRE & INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Tyres & Allied Industry?
Peer Comparison (Tyres & Allied Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
JK TYRE & INDUSTRIES | 4,486.71 | 1.76 | 7,893.9 |
BALKRISHNA INDUSTRIES LTD | 8,853.82 | 5.60 | 49,573.3 |
MRF LTD | 16,703.00 | 2.92 | 48,801.2 |
APOLLO TYRES LTD | 13,902.20 | 1.96 | 27,204.6 |
CEAT LTD | 4,042.61 | 2.90 | 11,742.3 |
TVS SRICHAKRA LTD | 1,112.13 | 1.83 | 2,036.8 |
GOODYEAR INDIA LTD | 581.45 | 3.34 | 1,939.9 |
TOLINS TYRES LTD | 100.53 | 4.63 | 465.8 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs JK TYRE & INDUSTRIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.76x |
Max industry PB | 5.60x |
Median industry PB | 2.92x |
Average industry PB | 3.12x |
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