SAL STEEL
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The Current P/B Ratio of SAL STEEL is 4.90.
Share Price | ₹24.2 | Nov 21,2024 |
Market Cap | ₹205.9 Cr | |
Book Value | ₹42.0 Cr | Mar2024 - Standalone Results |
Price/Book | 4.90x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of SAL STEEL
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹205.9 Cr] as on Nov 21,2024
(/) Book Value [ ₹42.0 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 4.90x ]
Thus, for SAL STEEL , the investors are currently willing to pay '4.90 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 SAL STEEL !
The chart below summarizes the trend in P/B Ratio of SAL STEEL over the last five years.
Historical PB (Price/Book ) ratio chart of SAL STEEL
PB Ratio Performance Analysis for SAL STEEL
- SAL STEEL 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.24x.
- SAL STEEL 's operated at median p/b ratio of 2.24x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SAL STEEL 's p/b ratio peaked in Mar2024 at 4.19x.
- SAL STEEL 's p/b ratio hit its five-year low in Mar2021 of 1x.
How does SAL STEEL 's P/B Ratio benchmark against top 10 peers in Steel/Sponge Iron/Pig Iron Industry?
Peer Comparison (Steel/Sponge Iron/Pig Iron Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
SAL STEEL | 42.03 | 4.90 | 205.9 |
JINDAL STEEL & POWER LTD | 44,316.00 | 2.01 | 88,880.3 |
LLOYDS METALS & ENERGY LTD | 2,773.29 | 17.25 | 47,826.8 |
JAI BALAJI INDUSTRIES LTD | 1,482.97 | 11.44 | 16,959.7 |
STEEL EXCHANGE INDIA LTD | 638.78 | 1.91 | 1,218.0 |
SURAJ PRODUCTS LTD | 130.38 | 4.37 | 570.0 |
KIC METALIKS LTD | 180.16 | 0.83 | 149.1 |
BIHAR SPONGE IRON LTD | -55.75 | -2.37 | 132.3 |
VASWANI INDUSTRIES LTD | 121.65 | 1.25 | 152.0 |
Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PB Analysis vs SAL STEEL 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -2.37x |
Max industry PB | 17.25x |
Median industry PB | 2.01x |
Average industry PB | 4.62x |
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