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OIL COUNTRY TUBULAR
PB (Price/Book ) Ratio

The Current P/B Ratio of OIL COUNTRY TUBULAR is 1.83.

Share Price ₹74.7Feb 21,2025
Market Cap ₹357.1 Cr
Book Value₹194.8 CrMar2024 - Standalone Results
Price/Book 1.83xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of OIL COUNTRY TUBULAR

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 COUNTRY TUBULAR is calculated as :

Current Market Cap [ ₹357.1 Cr] as on Feb 21,2025

(/) Book Value [ ₹194.8 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 1.83x ]

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

Thus, for OIL COUNTRY TUBULAR , the investors are currently willing to pay '1.83 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 COUNTRY TUBULAR !

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

Historical PB (Price/Book ) ratio chart of OIL COUNTRY TUBULAR


PB Ratio Performance Analysis for OIL COUNTRY TUBULAR

- OIL COUNTRY TUBULAR 's latest p/b ratio is 1.83x.

- OIL COUNTRY TUBULAR 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged -2.50x.

- OIL COUNTRY TUBULAR 's operated at median p/b ratio of -0.55x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, OIL COUNTRY TUBULAR 's p/b ratio peaked in Mar2022 at -0.32x.

- OIL COUNTRY TUBULAR 's p/b ratio hit its five-year low in Mar2024 of -5.64x.


How does OIL COUNTRY TUBULAR 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
OIL COUNTRY TUBULAR 194.771.83357.1
JSW STEEL LTD77,223.003.11240,046.0
TATA STEEL LTD92,035.801.91175,517.0
JINDAL STAINLESS LTD14,348.403.5951,477.4
STEEL AUTHORITY OF INDIA LTD57,101.200.8246,571.7
APL APOLLO TUBES LTD3,604.6211.4641,312.3
MOTHERSON SUMI WIRING INDIA LTD1,676.8012.9521,707.6
SHYAM METALICS AND ENERGY LTD9,685.182.1020,315.2
WELSPUN CORP LTD5,596.023.6520,438.3
RATNAMANI METALS & TUBES LTD3,140.535.6017,581.5
SARDA ENERGY & MINERALS LTD3,888.644.4417,252.6

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs OIL COUNTRY TUBULAR 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.82x
Max industry PB 12.95x
Median industry PB 3.59x
Average industry PB 4.68x



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