TCNS CLOTHING CO
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The Current P/B Ratio of TCNS CLOTHING CO is 6.87.
Share Price | ₹583.9 | Sep 02,2024 |
Market Cap | ₹3,696.1 Cr | |
Book Value | ₹538.0 Cr | Mar2023 - Standalone Results |
Price/Book | 6.87x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of TCNS CLOTHING CO
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹3,696.1 Cr] as on Sep 02,2024
(/) Book Value [ ₹538.0 Cr] based on Mar2023 - Standalone Results
(=) P/B Ratio [ 6.87x ]
Thus, for TCNS CLOTHING CO , the investors are currently willing to pay '6.87 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 TCNS CLOTHING CO !
The chart below summarizes the trend in P/B Ratio of TCNS CLOTHING CO over the last five years.
Historical PB (Price/Book ) ratio chart of TCNS CLOTHING CO
PB Ratio Performance Analysis for TCNS CLOTHING CO
- TCNS CLOTHING CO 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.26x.
- TCNS CLOTHING CO 's operated at median p/b ratio of 5.67x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TCNS CLOTHING CO 's p/b ratio peaked in Mar2019 at 8.81x.
- TCNS CLOTHING CO 's p/b ratio hit its five-year low in Mar2020 of 3.46x.
How does TCNS CLOTHING CO 's P/B Ratio benchmark against top 10 peers in Textile Industry?
Peer Comparison (Textile Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
TCNS CLOTHING CO | 537.99 | 6.87 | 3,696.1 |
PAGE INDUSTRIES LTD | 1,596.93 | 32.81 | 52,388.9 |
KPR MILL LTD | 4,358.23 | 7.82 | 34,085.7 |
VEDANT FASHIONS LTD | 1,593.52 | 19.01 | 30,293.6 |
SWAN ENERGY LTD | 6,278.89 | 3.56 | 22,382.4 |
WELSPUN LIVING LTD | 4,508.87 | 3.31 | 14,905.2 |
ALOK INDUSTRIES LTD | -19,775.90 | -0.52 | 10,337.6 |
VARDHMAN TEXTILES LTD | 9,100.13 | 1.61 | 14,619.2 |
ARVIND LTD | 3,540.19 | 2.93 | 10,387.0 |
GARWARE TECHNICAL FIBRES LTD | 1,233.86 | 7.53 | 9,290.1 |
JINDAL WORLDWIDE LTD | 719.07 | 11.01 | 7,919.6 |
Textile Industry Benchmark (Top 10) PB Analysis vs TCNS CLOTHING CO 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.52x |
Max industry PB | 32.81x |
Median industry PB | 6.87x |
Average industry PB | 8.72x |
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