SHRIRAM PISTONS & RINGS
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The Current P/B Ratio of SHRIRAM PISTONS & RINGS is 5.02.
Share Price | ₹2,199.2 | Dec 11,2024 |
Market Cap | ₹9,676.3 Cr | |
Book Value | ₹1,925.7 Cr | Mar2024 - Consolidated Results |
Price/Book | 5.02x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of SHRIRAM PISTONS & RINGS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹9,676.3 Cr] as on Dec 11,2024
(/) Book Value [ ₹1,925.7 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 5.02x ]
Thus, for SHRIRAM PISTONS & RINGS , the investors are currently willing to pay '5.02 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 SHRIRAM PISTONS & RINGS !
The chart below summarizes the trend in P/B Ratio of SHRIRAM PISTONS & RINGS over the last five years.
Historical PB (Price/Book ) ratio chart of SHRIRAM PISTONS & RINGS
PB Ratio Performance Analysis for SHRIRAM PISTONS & RINGS
- SHRIRAM PISTONS & RINGS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.92x.
- SHRIRAM PISTONS & RINGS 's operated at median p/b ratio of 1.46x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SHRIRAM PISTONS & RINGS 's p/b ratio peaked in Mar2024 at 4.51x.
- SHRIRAM PISTONS & RINGS 's p/b ratio hit its five-year low in Mar2020 of 0.84x.
How does SHRIRAM PISTONS & RINGS 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
Peer Comparison (Engineering - Industrial Equipments Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
SHRIRAM PISTONS & RINGS | 1,925.67 | 5.02 | 9,676.3 |
BHARAT ELECTRONICS LTD | 16,326.50 | 14.05 | 229,417.0 |
BHARAT HEAVY ELECTRICALS LTD | 24,438.70 | 3.62 | 88,374.8 |
THERMAX LTD | 4,433.83 | 12.77 | 56,612.4 |
TRIVENI TURBINE LTD | 959.07 | 26.96 | 25,854.5 |
KIRLOSKAR OIL ENGINES LTD | 2,660.15 | 6.35 | 16,880.2 |
ELECON ENGINEERING COMPANY LTD | 1,604.03 | 9.19 | 14,747.6 |
PRAJ INDUSTRIES LTD | 1,274.47 | 11.80 | 15,034.1 |
KIRLOSKAR BROTHERS LTD | 1,718.95 | 10.68 | 18,365.3 |
TEGA INDUSTRIES LTD | 1,191.80 | 9.14 | 10,888.5 |
ION EXCHANGE (INDIA) LTD | 1,017.91 | 10.46 | 10,648.7 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs SHRIRAM PISTONS & RINGS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.62x |
Max industry PB | 26.96x |
Median industry PB | 10.46x |
Average industry PB | 10.91x |
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