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PRINCE PIPES AND FITTINGS
PB (Price/Book ) Ratio

The Current P/B Ratio of PRINCE PIPES AND FITTINGS is 2.90.

Share Price ₹405.3Dec 24,2024
Market Cap ₹4,482.1 Cr
Book Value₹1,544.4 CrMar2024 - Standalone Results
Price/Book 2.90xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of PRINCE PIPES AND FITTINGS

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 PRINCE PIPES AND FITTINGS is calculated as :

Current Market Cap [ ₹4,482.1 Cr] as on Dec 24,2024

(/) Book Value [ ₹1,544.4 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 2.90x ]

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

Thus, for PRINCE PIPES AND FITTINGS , the investors are currently willing to pay '2.90 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 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 latest p/b ratio is 2.90x.

- 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 ValuePB RatioMarket Cap
PRINCE PIPES AND FITTINGS 1,544.412.904,482.1
ASTRAL LTD3,186.5014.2845,508.1
SUPREME INDUSTRIES LTD5,108.8311.8560,540.4
FINOLEX INDUSTRIES LTD5,634.272.6715,034.2
RESPONSIVE INDUSTRIES LTD1,137.065.936,739.9
EPL LTD2,054.604.148,505.1
JAI CORP LTD1,486.143.745,554.7
TIME TECHNOPLAST LTD2,552.224.3311,054.8
GARWARE HITECH FILMS LTD2,044.805.8511,972.0
JAIN IRRIGATION SYSTEMS LTD5,391.740.834,489.4
MOLDTEK PACKAGING LTD594.273.892,311.1

Plastic Products Industry Benchmark (Top 10) PB Analysis vs PRINCE PIPES AND FITTINGS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.83x
Max industry PB 14.28x
Median industry PB 4.14x
Average industry PB 5.49x



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