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RAMKRISHNA FORGINGS
PB (Price/Book ) Ratio

The Current P/B Ratio of RAMKRISHNA FORGINGS is 6.41.

Share Price ₹947.3Nov 19,2024
Market Cap ₹17,145.2 Cr
Book Value₹2,674.8 CrMar2024 - Consolidated Results
Price/Book 6.41xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of RAMKRISHNA FORGINGS

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 RAMKRISHNA FORGINGS is calculated as :

Current Market Cap [ ₹17,145.2 Cr] as on Nov 19,2024

(/) Book Value [ ₹2,674.8 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 6.41x ]

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

Thus, for RAMKRISHNA FORGINGS , the investors are currently willing to pay '6.41 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 RAMKRISHNA FORGINGS !

The chart below summarizes the trend in P/B Ratio of RAMKRISHNA FORGINGS over the last five years.

Historical PB (Price/Book ) ratio chart of RAMKRISHNA FORGINGS


PB Ratio Performance Analysis for RAMKRISHNA FORGINGS

- RAMKRISHNA FORGINGS 's latest p/b ratio is 6.41x.

- RAMKRISHNA FORGINGS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.61x.

- RAMKRISHNA FORGINGS 's operated at median p/b ratio of 2.35x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RAMKRISHNA FORGINGS 's p/b ratio peaked in Mar2024 at 4.67x.

- RAMKRISHNA FORGINGS 's p/b ratio hit its five-year low in Mar2020 of 0.57x.


How does RAMKRISHNA FORGINGS 's P/B Ratio benchmark against top 10 peers in Forgings Industry?

Peer Comparison (Forgings Industry)Book ValuePB RatioMarket Cap
RAMKRISHNA FORGINGS 2,674.766.4117,145.2
BHARAT FORGE LTD7,157.458.6061,585.7
CIE AUTOMOTIVE INDIA LTD4,939.943.5917,716.2
MM FORGINGS LTD788.732.872,266.6
LGB FORGE LTD20.1711.82238.4
HILTON METAL FORGING LTD95.812.24214.8
KALYANI FORGE LTD82.012.48203.1
SAMRAT FORGINGS LTD31.575.23165.0
TIRUPATI FORGE LTD49.9210.80539.3
GANGA FORGING LTD28.453.58101.9

Forgings Industry Benchmark (Top 10) PB Analysis vs RAMKRISHNA FORGINGS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.24x
Max industry PB 11.82x
Median industry PB 5.23x
Average industry PB 5.76x



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