MIRC ELECTRONICS
|
The Current P/B Ratio of MIRC ELECTRONICS is 3.43.
Share Price | ₹19.1 | Nov 21,2024 |
Market Cap | ₹440.5 Cr | |
Book Value | ₹128.4 Cr | Mar2024 - Standalone Results |
Price/Book | 3.43x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of MIRC ELECTRONICS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹440.5 Cr] as on Nov 21,2024
(/) Book Value [ ₹128.4 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 3.43x ]
Thus, for MIRC ELECTRONICS , the investors are currently willing to pay '3.43 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 MIRC ELECTRONICS !
The chart below summarizes the trend in P/B Ratio of MIRC ELECTRONICS over the last five years.
Historical PB (Price/Book ) ratio chart of MIRC ELECTRONICS
PB Ratio Performance Analysis for MIRC ELECTRONICS
- MIRC ELECTRONICS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.55x.
- MIRC ELECTRONICS 's operated at median p/b ratio of 1.42x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MIRC ELECTRONICS 's p/b ratio peaked in Mar2019 at 2.35x.
- MIRC ELECTRONICS 's p/b ratio hit its five-year low in Mar2020 of 0.42x.
How does MIRC ELECTRONICS 's P/B Ratio benchmark against top 10 peers in Consumer Durables - Electronics Industry?
Peer Comparison (Consumer Durables - Electronics Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
MIRC ELECTRONICS | 128.44 | 3.43 | 440.5 |
DIXON TECHNOLOGIES (INDIA) LTD | 1,676.39 | 53.94 | 90,428.1 |
HONEYWELL AUTOMATION INDIA LTD | 3,589.60 | 10.13 | 36,371.3 |
WONDER ELECTRICALS LTD | 87.87 | 19.34 | 1,699.2 |
Consumer Durables - Electronics Industry Benchmark (Top 10) PB Analysis vs MIRC ELECTRONICS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.43x |
Max industry PB | 53.94x |
Median industry PB | 19.34x |
Average industry PB | 21.71x |
You may also like the below Video Courses