SURANA SOLAR
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The Current P/B Ratio of SURANA SOLAR is 3.37.
Share Price | ₹38.4 | Feb 06,2025 |
Market Cap | ₹189.0 Cr | |
Book Value | ₹56.2 Cr | Mar2024 - Standalone Results |
Price/Book | 3.37x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of SURANA SOLAR
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹189.0 Cr] as on Feb 06,2025
(/) Book Value [ ₹56.2 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 3.37x ]
Thus, for SURANA SOLAR , the investors are currently willing to pay '3.37 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 SURANA SOLAR !
The chart below summarizes the trend in P/B Ratio of SURANA SOLAR over the last five years.
Historical PB (Price/Book ) ratio chart of SURANA SOLAR
PB Ratio Performance Analysis for SURANA SOLAR
- SURANA SOLAR 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.49x.
- SURANA SOLAR '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, SURANA SOLAR 's p/b ratio peaked in Mar2024 at 2.79x.
- SURANA SOLAR 's p/b ratio hit its five-year low in Mar2020 of 0.49x.
How does SURANA SOLAR 's P/B Ratio benchmark against top 10 peers in Electronics - Components Industry?
Peer Comparison (Electronics - Components Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
SURANA SOLAR | 56.17 | 3.37 | 189.0 |
KAYNES TECHNOLOGY INDIA LTD | 2,485.61 | 11.05 | 27,472.1 |
SYRMA SGS TECHNOLOGY LTD | 1,612.61 | 5.94 | 9,572.4 |
AVALON TECHNOLOGIES LTD | 546.90 | 8.87 | 4,848.3 |
DCX SYSTEMS LTD | 1,126.25 | 3.25 | 3,656.3 |
APOLLO MICRO SYSTEMS LTD | 507.30 | 7.84 | 3,976.7 |
IKIO LIGHTING LTD | 552.81 | 3.31 | 1,828.9 |
CENTUM ELECTRONICS LTD | 199.68 | 11.73 | 2,342.5 |
WEBSOL ENERGY SYSTEM LTD | 107.72 | 61.97 | 6,675.4 |
SWELECT ENERGY SYSTEMS LTD | 839.12 | 1.51 | 1,268.6 |
KERNEX MICROSYSTEMS (INDIA) LTD | 106.61 | 17.95 | 1,913.6 |
Electronics - Components Industry Benchmark (Top 10) PB Analysis vs SURANA SOLAR 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.51x |
Max industry PB | 61.97x |
Median industry PB | 7.84x |
Average industry PB | 12.43x |
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