MEDICO REMEDIES
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The Current P/B Ratio of MEDICO REMEDIES is 8.87.
Share Price | ₹56.0 | Nov 12,2024 |
Market Cap | ₹464.7 Cr | |
Book Value | ₹52.4 Cr | Mar2024 - Standalone Results |
Price/Book | 8.87x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of MEDICO REMEDIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹464.7 Cr] as on Nov 12,2024
(/) Book Value [ ₹52.4 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 8.87x ]
Thus, for MEDICO REMEDIES , the investors are currently willing to pay '8.87 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 MEDICO REMEDIES !
The chart below summarizes the trend in P/B Ratio of MEDICO REMEDIES over the last five years.
Historical PB (Price/Book ) ratio chart of MEDICO REMEDIES
PB Ratio Performance Analysis for MEDICO REMEDIES
- MEDICO REMEDIES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 5.61x.
- MEDICO REMEDIES 's operated at median p/b ratio of 3.81x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MEDICO REMEDIES 's p/b ratio peaked in Mar2023 at 14.14x.
- MEDICO REMEDIES 's p/b ratio hit its five-year low in Mar2020 of 1.02x.
How does MEDICO REMEDIES 's P/B Ratio benchmark against top 10 peers in Pharmaceuticals & Drugs Industry?
Peer Comparison (Pharmaceuticals & Drugs Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
MEDICO REMEDIES | 52.37 | 8.87 | 464.7 |
SUN PHARMACEUTICAL INDUSTRIES LTD | 63,666.80 | 6.78 | 431,844.0 |
CIPLA LTD | 26,619.90 | 4.63 | 123,138.0 |
DR REDDYS LABORATORIES LTD | 28,123.50 | 3.75 | 105,391.0 |
ZYDUS LIFESCIENCES LTD | 19,829.50 | 4.82 | 95,602.3 |
DIVIS LABORATORIES LTD | 13,571.00 | 11.36 | 154,155.0 |
MANKIND PHARMA LTD | 9,339.84 | 11.28 | 105,308.0 |
TORRENT PHARMACEUTICALS LTD | 6,856.15 | 15.55 | 106,629.0 |
LUPIN LTD | 14,175.80 | 6.72 | 95,255.8 |
AUROBINDO PHARMA LTD | 29,842.80 | 2.47 | 73,610.8 |
ABBOTT INDIA LTD | 3,658.73 | 16.62 | 60,799.2 |
Pharmaceuticals & Drugs Industry Benchmark (Top 10) PB Analysis vs MEDICO REMEDIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.47x |
Max industry PB | 16.62x |
Median industry PB | 6.78x |
Average industry PB | 8.44x |
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