MAGNA ELECTRO CASTINGS
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The Current P/B Ratio of MAGNA ELECTRO CASTINGS is 4.89.
Share Price | ₹1,260.9 | Dec 03,2024 |
Market Cap | ₹529.6 Cr | |
Book Value | ₹108.4 Cr | Mar2024 - Standalone Results |
Price/Book | 4.89x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of MAGNA ELECTRO CASTINGS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
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 ]
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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
MAGNA ELECTRO CASTINGS | 108.38 | 4.89 | 529.6 |
AIA ENGINEERING LTD | 6,657.74 | 4.91 | 32,675.2 |
PTC INDUSTRIES LTD | 642.19 | 27.96 | 17,954.4 |
ELECTROSTEEL CASTINGS LTD | 5,112.85 | 1.97 | 10,095.0 |
KIRLOSKAR FERROUS INDUSTRIES LTD | 3,216.88 | 3.17 | 10,192.0 |
ALICON CASTALLOY LTD | 540.87 | 3.41 | 1,846.3 |
STEELCAST LTD | 269.62 | 6.09 | 1,642.1 |
NELCAST LTD | 519.19 | 2.07 | 1,075.3 |
UNI ABEX ALLOY PRODUCTS LTD | 113.18 | 5.23 | 591.6 |
SYNERGY GREEN INDUSTRIES LTD | 46.69 | 15.58 | 727.6 |
NITIN CASTINGS LTD | 71.70 | 4.97 | 356.6 |
Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs MAGNA ELECTRO CASTINGS 's P/B Ratio
Top 10 Industry Peers | PB 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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