TIMEX GROUP INDIA
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The Current P/B Ratio of TIMEX GROUP INDIA is 26.97.
Share Price | ₹217.1 | Nov 22,2024 |
Market Cap | ₹2,192.2 Cr | |
Book Value | ₹81.3 Cr | Mar2024 - Standalone Results |
Price/Book | 26.97x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of TIMEX GROUP INDIA
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
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 ]
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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
TIMEX GROUP INDIA | 81.29 | 26.97 | 2,192.2 |
KDDL LTD | 733.96 | 4.49 | 3,298.7 |
Watches & Accessories Industry Benchmark (Top 10) PB Analysis vs TIMEX GROUP INDIA 's P/B Ratio
Top 10 Industry Peers | PB 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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