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TCNS CLOTHING CO
PB (Price/Book ) Ratio

The Current P/B Ratio of TCNS CLOTHING CO is 6.87.

Share Price ₹583.9Sep 02,2024
Market Cap ₹3,696.1 Cr
Book Value₹538.0 CrMar2023 - Standalone Results
Price/Book 6.87xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TCNS CLOTHING CO

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of TCNS CLOTHING CO is calculated as :

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 ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

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 latest p/b ratio is 6.87x.

- 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 ValuePB RatioMarket Cap
TCNS CLOTHING CO 537.996.873,696.1
PAGE INDUSTRIES LTD1,596.9332.8152,388.9
KPR MILL LTD4,358.237.8234,085.7
VEDANT FASHIONS LTD1,593.5219.0130,293.6
SWAN ENERGY LTD6,278.893.5622,382.4
WELSPUN LIVING LTD4,508.873.3114,905.2
ALOK INDUSTRIES LTD-19,775.90-0.5210,337.6
VARDHMAN TEXTILES LTD9,100.131.6114,619.2
ARVIND LTD3,540.192.9310,387.0
GARWARE TECHNICAL FIBRES LTD1,233.867.539,290.1
JINDAL WORLDWIDE LTD719.0711.017,919.6

Textile Industry Benchmark (Top 10) PB Analysis vs TCNS CLOTHING CO 's P/B Ratio

Top 10 Industry PeersPB 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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