NITIRAJ ENGINEERS
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The Current P/B Ratio of NITIRAJ ENGINEERS is 3.25.
Share Price | ₹213.0 | Nov 14,2024 |
Market Cap | ₹219.4 Cr | |
Book Value | ₹67.6 Cr | Mar2023 - Consolidated Results |
Price/Book | 3.25x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of NITIRAJ ENGINEERS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹219.4 Cr] as on Nov 14,2024
(/) Book Value [ ₹67.6 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 3.25x ]
Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay '3.25 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 NITIRAJ ENGINEERS !
The chart below summarizes the trend in P/B Ratio of NITIRAJ ENGINEERS over the last five years.
Historical PB (Price/Book ) ratio chart of NITIRAJ ENGINEERS
PB Ratio Performance Analysis for NITIRAJ ENGINEERS
- NITIRAJ ENGINEERS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.85x.
- NITIRAJ ENGINEERS 's operated at median p/b ratio of 0.82x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NITIRAJ ENGINEERS 's p/b ratio peaked in Mar2022 at 1.1x.
- NITIRAJ ENGINEERS 's p/b ratio hit its five-year low in Mar2019 of 0.56x.
How does NITIRAJ ENGINEERS 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
Peer Comparison (Engineering - Industrial Equipments Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
NITIRAJ ENGINEERS | 67.58 | 3.25 | 219.4 |
BHARAT ELECTRONICS LTD | 16,326.50 | 12.58 | 205,441.0 |
BHARAT HEAVY ELECTRICALS LTD | 24,438.70 | 3.19 | 77,893.8 |
THERMAX LTD | 4,433.83 | 13.43 | 59,566.2 |
TRIVENI TURBINE LTD | 959.07 | 21.71 | 20,824.1 |
KIRLOSKAR OIL ENGINES LTD | 2,660.15 | 6.20 | 16,505.8 |
ELECON ENGINEERING COMPANY LTD | 1,604.03 | 7.81 | 12,522.6 |
PRAJ INDUSTRIES LTD | 1,274.47 | 9.95 | 12,676.7 |
SHRIRAM PISTONS & RINGS LTD | 1,925.67 | 4.64 | 8,927.4 |
KIRLOSKAR BROTHERS LTD | 1,718.95 | 9.42 | 16,192.7 |
TEGA INDUSTRIES LTD | 1,191.80 | 10.77 | 12,835.0 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs NITIRAJ ENGINEERS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.19x |
Max industry PB | 21.71x |
Median industry PB | 9.42x |
Average industry PB | 9.36x |
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