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VEEDOL CORPORATION
PB (Price/Book ) Ratio

The Current P/B Ratio of VEEDOL CORPORATION is 3.20.

Share Price ₹1,519.6Mar 06,2025
Market Cap ₹2,644.0 Cr
Book Value₹827.5 CrMar2024 - Consolidated Results
Price/Book 3.20xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of VEEDOL CORPORATION

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 VEEDOL CORPORATION is calculated as :

Current Market Cap [ ₹2,644.0 Cr] as on Mar 06,2025

(/) Book Value [ ₹827.5 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 3.20x ]

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

Thus, for VEEDOL CORPORATION , the investors are currently willing to pay '3.20 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 VEEDOL CORPORATION !

The chart below summarizes the trend in P/B Ratio of VEEDOL CORPORATION over the last five years.

Historical PB (Price/Book ) ratio chart of VEEDOL CORPORATION


PB Ratio Performance Analysis for VEEDOL CORPORATION

- VEEDOL CORPORATION 's latest p/b ratio is 3.20x.

- VEEDOL CORPORATION 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.19x.

- VEEDOL CORPORATION 's operated at median p/b ratio of 2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, VEEDOL CORPORATION 's p/b ratio peaked in Mar2024 at 2.87x.

- VEEDOL CORPORATION 's p/b ratio hit its five-year low in Mar2020 of 1.6x.


How does VEEDOL CORPORATION 's P/B Ratio benchmark against top 10 peers in Lubricants Industry?

Peer Comparison (Lubricants Industry)Book ValuePB RatioMarket Cap
VEEDOL CORPORATION 827.493.202,644.0
CASTROL INDIA LTD2,177.3711.1724,317.6
GULF OIL LUBRICANTS INDIA LTD1,284.694.686,018.6
SAVITA OIL TECHNOLOGIES LTD1,621.721.702,750.3
PANAMA PETROCHEM LTD1,102.712.072,280.0
GANDHAR OIL REFINERY (INDIA) LTD1,172.131.161,359.6
GP PETROLEUMS LTD303.310.72219.3

Lubricants Industry Benchmark (Top 10) PB Analysis vs VEEDOL CORPORATION 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.72x
Max industry PB 11.17x
Median industry PB 2.07x
Average industry PB 3.53x



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