RACE ECO CHAIN
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The Current P/B Ratio of RACE ECO CHAIN is 27.64.
Share Price | ₹355.1 | Dec 27,2024 |
Market Cap | ₹614.3 Cr | |
Book Value | ₹22.2 Cr | Mar2024 - Standalone Results |
Price/Book | 27.64x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of RACE ECO CHAIN
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹614.3 Cr] as on Dec 27,2024
(/) Book Value [ ₹22.2 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 27.64x ]
Thus, for RACE ECO CHAIN , the investors are currently willing to pay '27.64 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 RACE ECO CHAIN !
The chart below summarizes the trend in P/B Ratio of RACE ECO CHAIN over the last five years.
Historical PB (Price/Book ) ratio chart of RACE ECO CHAIN
PB Ratio Performance Analysis for RACE ECO CHAIN
- RACE ECO CHAIN 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 15.42x.
- RACE ECO CHAIN 's operated at median p/b ratio of 15.09x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, RACE ECO CHAIN 's p/b ratio peaked in Mar2024 at 23.94x.
- RACE ECO CHAIN 's p/b ratio hit its five-year low in Mar2020 of 0x.
How does RACE ECO CHAIN 's P/B Ratio benchmark against top 10 peers in Environmental Services Industry?
Peer Comparison (Environmental Services Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
RACE ECO CHAIN | 22.23 | 27.64 | 614.3 |
VA TECH WABAG LTD | 1,818.60 | 5.63 | 10,232.8 |
ANTONY WASTE HANDLING CELL LTD | 573.69 | 3.05 | 1,748.8 |
ECO RECYCLING LTD | 65.83 | 27.61 | 1,817.7 |
Environmental Services Industry Benchmark (Top 10) PB Analysis vs RACE ECO CHAIN 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.05x |
Max industry PB | 27.64x |
Median industry PB | 27.61x |
Average industry PB | 15.98x |
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