MAHANAGAR GAS
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The Current P/B Ratio of MAHANAGAR GAS is 2.63.
Share Price | ₹1,369.3 | Nov 12,2024 |
Market Cap | ₹13,528.2 Cr | |
Book Value | ₹5,142.9 Cr | Mar2024 - Standalone Results |
Price/Book | 2.63x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of MAHANAGAR GAS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹13,528.2 Cr] as on Nov 12,2024
(/) Book Value [ ₹5,142.9 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 2.63x ]
Thus, for MAHANAGAR GAS , the investors are currently willing to pay '2.63 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 MAHANAGAR GAS !
The chart below summarizes the trend in P/B Ratio of MAHANAGAR GAS over the last five years.
Historical PB (Price/Book ) ratio chart of MAHANAGAR GAS
PB Ratio Performance Analysis for MAHANAGAR GAS
- MAHANAGAR GAS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.68x.
- MAHANAGAR GAS 's operated at median p/b ratio of 2.62x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MAHANAGAR GAS 's p/b ratio peaked in Mar2021 at 3.57x.
- MAHANAGAR GAS 's p/b ratio hit its five-year low in Mar2022 of 2.14x.
How does MAHANAGAR GAS 's P/B Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?
Peer Comparison (Gas Transmission/Marketing Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
MAHANAGAR GAS | 5,142.87 | 2.63 | 13,528.2 |
ADANI TOTAL GAS LTD | 3,580.32 | 21.55 | 77,140.7 |
GUJARAT GAS LTD | 7,722.48 | 4.48 | 34,629.5 |
INDRAPRASTHA GAS LTD | 9,633.37 | 3.10 | 29,900.5 |
GUJARAT STATE PETRONET LTD | 10,824.90 | 1.94 | 20,994.3 |
CONFIDENCE FUTURISTIC ENERGETECH LTD | 156.90 | 1.07 | 167.9 |
Gas Transmission/Marketing Industry Benchmark (Top 10) PB Analysis vs MAHANAGAR GAS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.07x |
Max industry PB | 21.55x |
Median industry PB | 3.10x |
Average industry PB | 5.80x |
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