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TIMEX GROUP INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of TIMEX GROUP INDIA is 26.97.

Share Price ₹217.1Nov 22,2024
Market Cap ₹2,192.2 Cr
Book Value₹81.3 CrMar2024 - Standalone Results
Price/Book 26.97xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TIMEX GROUP INDIA

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 TIMEX GROUP INDIA is calculated as :

Current Market Cap [ ₹2,192.2 Cr] as on Nov 22,2024

(/) Book Value [ ₹81.3 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 26.97x ]

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

Thus, for TIMEX GROUP INDIA , the investors are currently willing to pay '26.97 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 TIMEX GROUP INDIA !

The chart below summarizes the trend in P/B Ratio of TIMEX GROUP INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of TIMEX GROUP INDIA


PB Ratio Performance Analysis for TIMEX GROUP INDIA

- TIMEX GROUP INDIA 's latest p/b ratio is 26.97x.

- TIMEX GROUP INDIA 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 19.49x.

- TIMEX GROUP INDIA 's operated at median p/b ratio of -4.35x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TIMEX GROUP INDIA 's p/b ratio peaked in Mar2024 at 203.63x.

- TIMEX GROUP INDIA 's p/b ratio hit its five-year low in Mar2023 of -87.52x.


How does TIMEX GROUP INDIA 's P/B Ratio benchmark against top 10 peers in Watches & Accessories Industry?

Peer Comparison (Watches & Accessories Industry)Book ValuePB RatioMarket Cap
TIMEX GROUP INDIA 81.2926.972,192.2
KDDL LTD733.964.493,298.7

Watches & Accessories Industry Benchmark (Top 10) PB Analysis vs TIMEX GROUP INDIA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 4.49x
Max industry PB 26.97x
Median industry PB 26.97x
Average industry PB 15.73x



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