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NITCO
PB (Price/Book ) Ratio

The Current P/B Ratio of NITCO is -1.63.

Share Price ₹116.5Nov 21,2024
Market Cap ₹837.3 Cr
Book Value₹-512.2 CrMar2024 - Consolidated Results
Price/Book -1.63xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of NITCO

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 NITCO is calculated as :

Current Market Cap [ ₹837.3 Cr] as on Nov 21,2024

(/) Book Value [ ₹-512.2 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ -1.63x ]

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

Thus, for NITCO , the investors are currently willing to pay '-1.63 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 NITCO !

The chart below summarizes the trend in P/B Ratio of NITCO over the last five years.

Historical PB (Price/Book ) ratio chart of NITCO


PB Ratio Performance Analysis for NITCO

- NITCO 's latest p/b ratio is -1.63x.

- NITCO 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged -0.50x.

- NITCO 's operated at median p/b ratio of -0.78x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NITCO 's p/b ratio peaked in Mar2020 at 1.42x.

- NITCO 's p/b ratio hit its five-year low in Mar2021 of -1.89x.


How does NITCO 's P/B Ratio benchmark against top 10 peers in Ceramics/Marble/Granite/Sanitaryware Industry?

Peer Comparison (Ceramics/Marble/Granite/Sanitaryware Industry)Book ValuePB RatioMarket Cap
NITCO -512.17-1.63837.3
KAJARIA CERAMICS LTD2,601.046.9818,157.0
CERA SANITARYWARE LTD1,345.796.668,960.5
SOMANY CERAMICS LTD713.273.592,560.3
POKARNA LTD592.335.233,096.1
GLOBAL SURFACES LTD280.632.66745.9
ASIAN GRANITO INDIA LTD1,242.900.76949.9
ORIENT BELL LTD309.031.55478.9
EXXARO TILES LTD276.741.48408.2
MURUDESHWAR CERAMICS LTD365.500.78284.4
ASI INDUSTRIES LTD322.161.11356.5

Ceramics/Marble/Granite/Sanitaryware Industry Benchmark (Top 10) PB Analysis vs NITCO 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -1.63x
Max industry PB 6.98x
Median industry PB 1.55x
Average industry PB 2.65x



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