OIL & NATURAL GAS CORPORATION
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The Current P/B Ratio of OIL & NATURAL GAS CORPORATION is 0.90.
Share Price | ₹242.2 | Nov 21,2024 |
Market Cap | ₹304,694.9 Cr | |
Book Value | ₹337,070.0 Cr | Mar2024 - Consolidated Results |
Price/Book | 0.90x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of OIL & NATURAL GAS CORPORATION
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹304,694.9 Cr] as on Nov 21,2024
(/) Book Value [ ₹337,070.0 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 0.90x ]
Thus, for OIL & NATURAL GAS CORPORATION , the investors are currently willing to pay '0.90 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 OIL & NATURAL GAS CORPORATION !
The chart below summarizes the trend in P/B Ratio of OIL & NATURAL GAS CORPORATION over the last five years.
Historical PB (Price/Book ) ratio chart of OIL & NATURAL GAS CORPORATION
PB Ratio Performance Analysis for OIL & NATURAL GAS CORPORATION
- OIL & NATURAL GAS CORPORATION 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.69x.
- OIL & NATURAL GAS CORPORATION 's operated at median p/b ratio of 0.67x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, OIL & NATURAL GAS CORPORATION 's p/b ratio peaked in Mar2024 at 1x.
- OIL & NATURAL GAS CORPORATION 's p/b ratio hit its five-year low in Mar2020 of 0.42x.
How does OIL & NATURAL GAS CORPORATION 's P/B Ratio benchmark against top 10 peers in Oil Exploration Industry?
Peer Comparison (Oil Exploration Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
OIL & NATURAL GAS CORPORATION | 337,070.00 | 0.90 | 304,694.9 |
OIL INDIA LTD | 48,339.00 | 1.64 | 79,077.5 |
HINDUSTAN OIL EXPLORATION COMPANY LTD | 1,174.42 | 2.09 | 2,453.1 |
JINDAL DRILLING & INDUSTRIES LTD | 1,362.21 | 1.56 | 2,122.4 |
ASIAN ENERGY SERVICES LTD | 265.35 | 5.51 | 1,462.1 |
SELAN EXPLORATION TECHNOLOGY LTD | 392.44 | 3.25 | 1,275.8 |
DEEP ENERGY RESOURCES LTD | 399.52 | 2.48 | 992.2 |
ABAN OFFSHORE LTD | -23,871.90 | -0.01 | 356.3 |
GUJARAT NATURAL RESOURCES LTD | 105.52 | 1.97 | 207.5 |
AAKASH EXPLORATION SERVICES LTD | 58.53 | 1.81 | 106.1 |
Oil Exploration Industry Benchmark (Top 10) PB Analysis vs OIL & NATURAL GAS CORPORATION 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.01x |
Max industry PB | 5.51x |
Median industry PB | 1.97x |
Average industry PB | 2.12x |
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