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TIRUPATI FORGE
PB (Price/Book ) Ratio

The Current P/B Ratio of TIRUPATI FORGE is 9.76.

Share Price ₹47.0Nov 29,2024
Market Cap ₹487.2 Cr
Book Value₹49.9 CrMar2024 - Standalone Results
Price/Book 9.76xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TIRUPATI FORGE

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 TIRUPATI FORGE is calculated as :

Current Market Cap [ ₹487.2 Cr] as on Nov 29,2024

(/) Book Value [ ₹49.9 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 9.76x ]

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

Thus, for TIRUPATI FORGE , the investors are currently willing to pay '9.76 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 latest p/b ratio is 9.76x.

- 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 ValuePB RatioMarket Cap
TIRUPATI FORGE 49.929.76487.2
BHARAT FORGE LTD7,157.458.6662,002.4
CIE AUTOMOTIVE INDIA LTD4,939.943.6918,211.3
RAMKRISHNA FORGINGS LTD2,674.766.5417,490.5
MM FORGINGS LTD788.733.072,421.6
LGB FORGE LTD20.1712.14244.9
HILTON METAL FORGING LTD95.812.25215.5
KALYANI FORGE LTD82.012.83232.2
SAMRAT FORGINGS LTD31.575.52174.4
GANGA FORGING LTD28.453.3996.4

Forgings Industry Benchmark (Top 10) PB Analysis vs TIRUPATI FORGE 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.25x
Max industry PB 12.14x
Median industry PB 5.52x
Average industry PB 5.79x



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