SHIPPING CORPORATION OF INDIA LAND AND ASSETS
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The Current P/B Ratio of SHIPPING CORPORATION OF INDIA LAND AND ASSETS is 0.73.
Share Price | ₹50.2 | Feb 21,2025 |
Market Cap | ₹2,337.9 Cr | |
Book Value | ₹3,221.6 Cr | Mar2024 - Standalone Results |
Price/Book | 0.73x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of SHIPPING CORPORATION OF INDIA LAND AND ASSETS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹2,337.9 Cr] as on Feb 21,2025
(/) Book Value [ ₹3,221.6 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 0.73x ]
Thus, for SHIPPING CORPORATION OF INDIA LAND AND ASSETS , the investors are currently willing to pay '0.73 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 SHIPPING CORPORATION OF INDIA LAND AND ASSETS !
The chart below summarizes the trend in P/B Ratio of SHIPPING CORPORATION OF INDIA LAND AND ASSETS over the last five years.
Historical PB (Price/Book ) ratio chart of SHIPPING CORPORATION OF INDIA LAND AND ASSETS
PB Ratio Performance Analysis for SHIPPING CORPORATION OF INDIA LAND AND ASSETS
- SHIPPING CORPORATION OF INDIA LAND AND ASSETS 's p/b ratio for fiscal years ending Mar2024 to Mar2022 averaged 0.19x.
- SHIPPING CORPORATION OF INDIA LAND AND ASSETS 's operated at median p/b ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 3 fiscal years, SHIPPING CORPORATION OF INDIA LAND AND ASSETS 's p/b ratio peaked in Mar2024 at 0.58x.
- SHIPPING CORPORATION OF INDIA LAND AND ASSETS 's p/b ratio hit its five-year low in Mar2023 of 0x.
How does SHIPPING CORPORATION OF INDIA LAND AND ASSETS 's P/B Ratio benchmark against top 10 peers in Shipping Industry?
Peer Comparison (Shipping Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
SHIPPING CORPORATION OF INDIA LAND AND ASSETS | 3,221.63 | 0.73 | 2,337.9 |
THE GREAT EASTERN SHIPPING COMPANY LTD | 12,397.50 | 1.04 | 12,903.3 |
SHIPPING CORPORATION OF INDIA LTD | 7,539.50 | 1.00 | 7,525.0 |
SEAMEC LTD | 911.42 | 2.56 | 2,334.5 |
DREDGING CORPORATION OF INDIA LTD | 1,263.60 | 1.30 | 1,640.5 |
TRANSWORLD SHIPPING LINES LTD | 766.53 | 0.74 | 568.4 |
ESSAR SHIPPING LTD | -2,807.92 | -0.19 | 541.2 |
GLOBAL OFFSHORE SERVICES LTD | 82.39 | 2.87 | 236.8 |
Shipping Industry Benchmark (Top 10) PB Analysis vs SHIPPING CORPORATION OF INDIA LAND AND ASSETS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.19x |
Max industry PB | 2.87x |
Median industry PB | 1.04x |
Average industry PB | 1.26x |
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