Home > PB Ratio > JSW STEEL

JSW STEEL
PB (Price/Book ) Ratio

The Current P/B Ratio of JSW STEEL is 3.40.

Share Price ₹907.3May 17,2024
Market Cap ₹221,880.2 Cr
Book Value₹65,287.0 CrMar2023 - Consolidated Results
Price/Book 3.40xCalculated as MarketCap/Book Value
Explore Stock Analytics
COMMUNITY POLL
for JSW STEEL
Please provide your vote to see the results
JSW STEEL is part of below Screeners ↓
Top Large Cap Stocks with Best Fundamentals

Definition & Calculation of PB (Price/Book ) ratio of JSW STEEL

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 JSW STEEL is calculated as :

Current Market Cap [ ₹221,880.2 Cr] as on May 17,2024

(/) Book Value [ ₹65,287.0 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 3.40x ]

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

Thus, for JSW STEEL , the investors are currently willing to pay '3.40 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 JSW STEEL !

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

Historical PB (Price/Book ) ratio chart of JSW STEEL


PB Ratio Performance Analysis for JSW STEEL

- JSW STEEL 's latest p/b ratio is 3.40x.

- JSW STEEL 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.13x.

- JSW STEEL 's operated at median p/b ratio of 2.48x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JSW STEEL 's p/b ratio peaked in Mar2022 at 2.62x.

- JSW STEEL 's p/b ratio hit its five-year low in Mar2020 of 0.97x.


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

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
JSW STEEL 65,287.003.40221,880.2
TATA STEEL LTD103,082.002.03208,786.0
JINDAL STAINLESS LTD14,357.904.0558,183.9
STEEL AUTHORITY OF INDIA LTD54,746.701.2668,917.8
APL APOLLO TUBES LTD3,604.6213.0747,116.7
MOTHERSON SUMI WIRING INDIA LTD1,676.8318.1030,350.9
RATNAMANI METALS & TUBES LTD3,140.537.2522,757.8
SHYAM METALICS AND ENERGY LTD9,646.671.8117,437.4
WELSPUN CORP LTD4,718.863.3815,939.4
JINDAL SAW LTD10,093.301.7417,597.7
MAHARASHTRA SEAMLESS LTD4,773.962.2810,882.1

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

Top 10 Industry PeersPB Ratio
Min industry PB 1.26x
Max industry PB 18.10x
Median industry PB 3.38x
Average industry PB 5.31x



You may also like the below Video Courses