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OIL & NATURAL GAS CORPORATION
PB (Price/Book ) Ratio

The Current P/B Ratio of OIL & NATURAL GAS CORPORATION is 0.90.

Share Price ₹242.2Nov 21,2024
Market Cap ₹304,694.9 Cr
Book Value₹337,070.0 CrMar2024 - Consolidated Results
Price/Book 0.90xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of OIL & NATURAL GAS CORPORATION

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 OIL & NATURAL GAS CORPORATION is calculated as :

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 ]

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

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 latest p/b ratio is 0.90x.

- 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 ValuePB RatioMarket Cap
OIL & NATURAL GAS CORPORATION 337,070.000.90304,694.9
OIL INDIA LTD48,339.001.6479,077.5
HINDUSTAN OIL EXPLORATION COMPANY LTD1,174.422.092,453.1
JINDAL DRILLING & INDUSTRIES LTD1,362.211.562,122.4
ASIAN ENERGY SERVICES LTD265.355.511,462.1
SELAN EXPLORATION TECHNOLOGY LTD392.443.251,275.8
DEEP ENERGY RESOURCES LTD399.522.48992.2
ABAN OFFSHORE LTD-23,871.90-0.01356.3
GUJARAT NATURAL RESOURCES LTD105.521.97207.5
AAKASH EXPLORATION SERVICES LTD58.531.81106.1

Oil Exploration Industry Benchmark (Top 10) PB Analysis vs OIL & NATURAL GAS CORPORATION 's P/B Ratio

Top 10 Industry PeersPB 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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