TIRUPATI FORGE
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The Current P/B Ratio of TIRUPATI FORGE is 10.59.
Share Price | ₹51.0 | Nov 21,2024 |
Market Cap | ₹528.6 Cr | |
Book Value | ₹49.9 Cr | Mar2024 - Standalone Results |
Price/Book | 10.59x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of TIRUPATI FORGE
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹528.6 Cr] as on Nov 21,2024
(/) Book Value [ ₹49.9 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 10.59x ]
Thus, for TIRUPATI FORGE , the investors are currently willing to pay '10.59 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 TIRUPATI FORGE !
The chart below summarizes the trend in P/B Ratio of TIRUPATI FORGE over the last five years.
Historical PB (Price/Book ) ratio chart of TIRUPATI FORGE
PB Ratio Performance Analysis for TIRUPATI FORGE
- TIRUPATI FORGE 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.53x.
- TIRUPATI FORGE 's operated at median p/b ratio of 2.46x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TIRUPATI FORGE 's p/b ratio peaked in Mar2022 at 3.89x.
- TIRUPATI FORGE 's p/b ratio hit its five-year low in Mar2021 of 1.4x.
How does TIRUPATI FORGE 's P/B Ratio benchmark against top 10 peers in Forgings Industry?
Peer Comparison (Forgings Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
TIRUPATI FORGE | 49.92 | 10.59 | 528.6 |
BHARAT FORGE LTD | 7,157.45 | 8.44 | 60,377.5 |
CIE AUTOMOTIVE INDIA LTD | 4,939.94 | 3.53 | 17,441.2 |
RAMKRISHNA FORGINGS LTD | 2,674.76 | 6.52 | 17,447.9 |
MM FORGINGS LTD | 788.73 | 2.86 | 2,257.2 |
LGB FORGE LTD | 20.17 | 11.55 | 233.0 |
HILTON METAL FORGING LTD | 95.81 | 2.18 | 209.2 |
KALYANI FORGE LTD | 82.01 | 2.60 | 213.3 |
SAMRAT FORGINGS LTD | 31.57 | 4.77 | 150.5 |
GANGA FORGING LTD | 28.45 | 3.41 | 97.1 |
Forgings Industry Benchmark (Top 10) PB Analysis vs TIRUPATI FORGE 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.18x |
Max industry PB | 11.55x |
Median industry PB | 4.77x |
Average industry PB | 5.65x |
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