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MEDICO REMEDIES
PB (Price/Book ) Ratio

The Current P/B Ratio of MEDICO REMEDIES is 8.87.

Share Price ₹56.0Nov 12,2024
Market Cap ₹464.7 Cr
Book Value₹52.4 CrMar2024 - Standalone Results
Price/Book 8.87xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MEDICO REMEDIES

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 MEDICO REMEDIES is calculated as :

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 ]

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

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 latest p/b ratio is 8.87x.

- 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 ValuePB RatioMarket Cap
MEDICO REMEDIES 52.378.87464.7
SUN PHARMACEUTICAL INDUSTRIES LTD63,666.806.78431,844.0
CIPLA LTD26,619.904.63123,138.0
DR REDDYS LABORATORIES LTD28,123.503.75105,391.0
ZYDUS LIFESCIENCES LTD19,829.504.8295,602.3
DIVIS LABORATORIES LTD13,571.0011.36154,155.0
MANKIND PHARMA LTD9,339.8411.28105,308.0
TORRENT PHARMACEUTICALS LTD6,856.1515.55106,629.0
LUPIN LTD14,175.806.7295,255.8
AUROBINDO PHARMA LTD29,842.802.4773,610.8
ABBOTT INDIA LTD3,658.7316.6260,799.2

Pharmaceuticals & Drugs Industry Benchmark (Top 10) PB Analysis vs MEDICO REMEDIES 's P/B Ratio

Top 10 Industry PeersPB 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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