TINE AGRO
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The Current P/B Ratio of TINE AGRO is 21.64.
Share Price | ₹13.3 | Dec 11,2024 |
Market Cap | ₹1,426.2 Cr | |
Book Value | ₹65.9 Cr | Mar2024 - Standalone Results |
Price/Book | 21.64x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of TINE AGRO
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹1,426.2 Cr] as on Dec 11,2024
(/) Book Value [ ₹65.9 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 21.64x ]
Thus, for TINE AGRO , the investors are currently willing to pay '21.64 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 TINE AGRO !
The chart below summarizes the trend in P/B Ratio of TINE AGRO over the last five years.
Historical PB (Price/Book ) ratio chart of TINE AGRO
PB Ratio Performance Analysis for TINE AGRO
- TINE AGRO 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged -1.88x.
- TINE AGRO 's operated at median p/b ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TINE AGRO 's p/b ratio peaked in Mar2024 at 19.59x.
- TINE AGRO 's p/b ratio hit its five-year low in Mar2022 of -22.19x.
How does TINE AGRO 's P/B Ratio benchmark against top 10 peers in Textile Industry?
Peer Comparison (Textile Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
TINE AGRO | 65.89 | 21.64 | 1,426.2 |
PAGE INDUSTRIES LTD | 1,596.93 | 32.87 | 52,486.4 |
KPR MILL LTD | 4,358.23 | 7.98 | 34,769.3 |
VEDANT FASHIONS LTD | 1,593.52 | 20.60 | 32,828.4 |
SWAN ENERGY LTD | 6,278.89 | 3.90 | 24,474.7 |
WELSPUN LIVING LTD | 4,508.87 | 3.67 | 16,545.4 |
ALOK INDUSTRIES LTD | -19,775.90 | -0.58 | 11,444.9 |
VARDHMAN TEXTILES LTD | 9,100.13 | 1.66 | 15,136.8 |
ARVIND LTD | 3,540.19 | 3.17 | 11,230.8 |
GARWARE TECHNICAL FIBRES LTD | 1,233.86 | 7.58 | 9,347.2 |
JINDAL WORLDWIDE LTD | 719.07 | 11.18 | 8,040.9 |
Textile Industry Benchmark (Top 10) PB Analysis vs TINE AGRO 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.58x |
Max industry PB | 32.87x |
Median industry PB | 7.58x |
Average industry PB | 10.33x |
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