THYROCARE TECHNOLOGIES
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The Current P/B Ratio of THYROCARE TECHNOLOGIES is 7.51.
Share Price | ₹721.9 | Feb 14,2025 |
Market Cap | ₹3,826.1 Cr | |
Book Value | ₹509.5 Cr | Mar2024 - Consolidated Results |
Price/Book | 7.51x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of THYROCARE TECHNOLOGIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹3,826.1 Cr] as on Feb 14,2025
(/) Book Value [ ₹509.5 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 7.51x ]
Thus, for THYROCARE TECHNOLOGIES , the investors are currently willing to pay '7.51 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 THYROCARE TECHNOLOGIES !
The chart below summarizes the trend in P/B Ratio of THYROCARE TECHNOLOGIES over the last five years.
Historical PB (Price/Book ) ratio chart of THYROCARE TECHNOLOGIES
PB Ratio Performance Analysis for THYROCARE TECHNOLOGIES
- THYROCARE TECHNOLOGIES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 7.32x.
- THYROCARE TECHNOLOGIES 's operated at median p/b ratio of 7.22x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, THYROCARE TECHNOLOGIES 's p/b ratio peaked in Mar2021 at 11.25x.
- THYROCARE TECHNOLOGIES 's p/b ratio hit its five-year low in Mar2023 of 4.29x.
How does THYROCARE TECHNOLOGIES 's P/B Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?
Peer Comparison (Hospital & Healthcare Services Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
THYROCARE TECHNOLOGIES | 509.51 | 7.51 | 3,826.1 |
APOLLO HOSPITALS ENTERPRISE LTD | 6,763.00 | 13.32 | 90,104.8 |
MAX HEALTHCARE INSTITUTE LTD | 8,340.66 | 11.71 | 97,685.7 |
GLOBAL HEALTH LTD | 2,901.24 | 10.27 | 29,803.8 |
FORTIS HEALTHCARE LTD | 7,661.15 | 5.94 | 45,520.2 |
NARAYANA HRUDAYALAYA LTD | 2,883.53 | 9.42 | 27,167.7 |
ASTER DM HEALTHCARE LTD | 4,551.68 | 4.56 | 20,759.8 |
DR LAL PATHLABS LTD | 1,798.13 | 12.18 | 21,900.8 |
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD | 1,828.36 | 12.72 | 23,252.1 |
RAINBOW CHILDRENS MEDICARE LTD | 1,249.27 | 10.54 | 13,169.2 |
METROPOLIS HEALTHCARE LTD | 1,088.43 | 7.92 | 8,622.7 |
Hospital & Healthcare Services Industry Benchmark (Top 10) PB Analysis vs THYROCARE TECHNOLOGIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 4.56x |
Max industry PB | 13.32x |
Median industry PB | 10.27x |
Average industry PB | 9.65x |
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