PRINCE PIPES AND FITTINGS
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The Current P/B Ratio of PRINCE PIPES AND FITTINGS is 2.92.
Share Price | ₹407.5 | Dec 20,2024 |
Market Cap | ₹4,507.0 Cr | |
Book Value | ₹1,544.4 Cr | Mar2024 - Standalone Results |
Price/Book | 2.92x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of PRINCE PIPES AND FITTINGS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹4,507.0 Cr] as on Dec 20,2024
(/) Book Value [ ₹1,544.4 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 2.92x ]
Thus, for PRINCE PIPES AND FITTINGS , the investors are currently willing to pay '2.92 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 PRINCE PIPES AND FITTINGS !
The chart below summarizes the trend in P/B Ratio of PRINCE PIPES AND FITTINGS over the last five years.
Historical PB (Price/Book ) ratio chart of PRINCE PIPES AND FITTINGS
PB Ratio Performance Analysis for PRINCE PIPES AND FITTINGS
- PRINCE PIPES AND FITTINGS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.93x.
- PRINCE PIPES AND FITTINGS 's operated at median p/b ratio of 4.39x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, PRINCE PIPES AND FITTINGS 's p/b ratio peaked in Mar2022 at 5.54x.
- PRINCE PIPES AND FITTINGS 's p/b ratio hit its five-year low in Mar2020 of 1.35x.
How does PRINCE PIPES AND FITTINGS 's P/B Ratio benchmark against top 10 peers in Plastic Products Industry?
Peer Comparison (Plastic Products Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
PRINCE PIPES AND FITTINGS | 1,544.41 | 2.92 | 4,507.0 |
ASTRAL LTD | 3,186.50 | 14.62 | 46,594.7 |
SUPREME INDUSTRIES LTD | 5,108.83 | 12.05 | 61,575.6 |
FINOLEX INDUSTRIES LTD | 5,634.27 | 2.63 | 14,813.9 |
RESPONSIVE INDUSTRIES LTD | 1,137.06 | 5.91 | 6,714.5 |
EPL LTD | 2,054.60 | 4.11 | 8,450.9 |
JAI CORP LTD | 1,486.14 | 3.75 | 5,567.0 |
TIME TECHNOPLAST LTD | 2,552.22 | 4.16 | 10,606.7 |
GARWARE HITECH FILMS LTD | 2,044.80 | 5.68 | 11,611.4 |
JAIN IRRIGATION SYSTEMS LTD | 5,391.74 | 0.86 | 4,621.4 |
MOLDTEK PACKAGING LTD | 594.27 | 3.72 | 2,208.6 |
Plastic Products Industry Benchmark (Top 10) PB Analysis vs PRINCE PIPES AND FITTINGS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.86x |
Max industry PB | 14.62x |
Median industry PB | 4.11x |
Average industry PB | 5.49x |
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