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MAGNA ELECTRO CASTINGS
PB (Price/Book ) Ratio

The Current P/B Ratio of MAGNA ELECTRO CASTINGS is 4.89.

Share Price ₹1,260.9Dec 03,2024
Market Cap ₹529.6 Cr
Book Value₹108.4 CrMar2024 - Standalone Results
Price/Book 4.89xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MAGNA ELECTRO CASTINGS

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 MAGNA ELECTRO CASTINGS is calculated as :

Current Market Cap [ ₹529.6 Cr] as on Dec 03,2024

(/) Book Value [ ₹108.4 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 4.89x ]

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

Thus, for MAGNA ELECTRO CASTINGS , the investors are currently willing to pay '4.89 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 MAGNA ELECTRO CASTINGS !

The chart below summarizes the trend in P/B Ratio of MAGNA ELECTRO CASTINGS over the last five years.

Historical PB (Price/Book ) ratio chart of MAGNA ELECTRO CASTINGS


PB Ratio Performance Analysis for MAGNA ELECTRO CASTINGS

- MAGNA ELECTRO CASTINGS 's latest p/b ratio is 4.89x.

- MAGNA ELECTRO CASTINGS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.13x.

- MAGNA ELECTRO CASTINGS 's operated at median p/b ratio of 1.08x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MAGNA ELECTRO CASTINGS 's p/b ratio peaked in Mar2024 at 1.68x.

- MAGNA ELECTRO CASTINGS 's p/b ratio hit its five-year low in Mar2020 of 0.63x.


How does MAGNA ELECTRO CASTINGS 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Book ValuePB RatioMarket Cap
MAGNA ELECTRO CASTINGS 108.384.89529.6
AIA ENGINEERING LTD6,657.744.9132,675.2
PTC INDUSTRIES LTD642.1927.9617,954.4
ELECTROSTEEL CASTINGS LTD5,112.851.9710,095.0
KIRLOSKAR FERROUS INDUSTRIES LTD3,216.883.1710,192.0
ALICON CASTALLOY LTD540.873.411,846.3
STEELCAST LTD269.626.091,642.1
NELCAST LTD519.192.071,075.3
UNI ABEX ALLOY PRODUCTS LTD113.185.23591.6
SYNERGY GREEN INDUSTRIES LTD46.6915.58727.6
NITIN CASTINGS LTD71.704.97356.6

Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs MAGNA ELECTRO CASTINGS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.97x
Max industry PB 27.96x
Median industry PB 4.91x
Average industry PB 7.30x



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