SHIVA TEXYARN
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The Current P/B Ratio of SHIVA TEXYARN is 2.37.
Share Price | ₹224.0 | Dec 20,2024 |
Market Cap | ₹291.1 Cr | |
Book Value | ₹122.9 Cr | Mar2024 - Standalone Results |
Price/Book | 2.37x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of SHIVA TEXYARN
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹291.1 Cr] as on Dec 20,2024
(/) Book Value [ ₹122.9 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 2.37x ]
Thus, for SHIVA TEXYARN , the investors are currently willing to pay '2.37 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 SHIVA TEXYARN !
The chart below summarizes the trend in P/B Ratio of SHIVA TEXYARN over the last five years.
Historical PB (Price/Book ) ratio chart of SHIVA TEXYARN
PB Ratio Performance Analysis for SHIVA TEXYARN
- SHIVA TEXYARN 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.39x.
- SHIVA TEXYARN 's operated at median p/b ratio of 1.47x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SHIVA TEXYARN 's p/b ratio peaked in Mar2022 at 1.87x.
- SHIVA TEXYARN 's p/b ratio hit its five-year low in Mar2020 of 0.94x.
How does SHIVA TEXYARN 's P/B Ratio benchmark against top 10 peers in Textile - Spinning Industry?
Peer Comparison (Textile - Spinning Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
SHIVA TEXYARN | 122.86 | 2.37 | 291.1 |
TRIDENT LTD | 4,314.15 | 4.04 | 17,448.6 |
FILATEX INDIA LTD | 1,203.49 | 2.36 | 2,836.2 |
NITIN SPINNERS LTD | 1,146.33 | 2.25 | 2,577.7 |
NAHAR SPINNING MILLS LTD | 1,481.18 | 0.71 | 1,052.8 |
SUTLEJ TEXTILES AND INDUSTRIES LTD | 961.10 | 1.18 | 1,136.0 |
AMBIKA COTTON MILLS LTD | 858.89 | 1.09 | 938.9 |
RAJAPALAYAM MILLS LTD | 2,301.63 | 0.42 | 970.1 |
NAHAR INDUSTRIAL ENTERPRISES LTD | 970.54 | 0.64 | 623.0 |
SUPER SALES INDIA LTD | 557.67 | 0.75 | 417.3 |
PRECOT LTD | 418.21 | 1.76 | 734.1 |
Textile - Spinning Industry Benchmark (Top 10) PB Analysis vs SHIVA TEXYARN 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.42x |
Max industry PB | 4.04x |
Median industry PB | 1.18x |
Average industry PB | 1.60x |
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