WELSPUN CORP
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The Current P/B Ratio of WELSPUN CORP is 3.23.
Share Price | ₹688.1 | Nov 19,2024 |
Market Cap | ₹18,048.9 Cr | |
Book Value | ₹5,596.0 Cr | Mar2024 - Consolidated Results |
Price/Book | 3.23x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of WELSPUN CORP
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹18,048.9 Cr] as on Nov 19,2024
(/) Book Value [ ₹5,596.0 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 3.23x ]
Thus, for WELSPUN CORP , the investors are currently willing to pay '3.23 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 WELSPUN CORP !
The chart below summarizes the trend in P/B Ratio of WELSPUN CORP over the last five years.
Historical PB (Price/Book ) ratio chart of WELSPUN CORP
PB Ratio Performance Analysis for WELSPUN CORP
- WELSPUN CORP 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.18x.
- WELSPUN CORP 's operated at median p/b ratio of 0.99x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, WELSPUN CORP 's p/b ratio peaked in Mar2024 at 2.41x.
- WELSPUN CORP 's p/b ratio hit its five-year low in Mar2020 of 0.51x.
How does WELSPUN CORP 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?
Peer Comparison (Steel & Iron Products Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
WELSPUN CORP | 5,596.02 | 3.23 | 18,048.9 |
JSW STEEL LTD | 77,223.00 | 3.00 | 231,756.0 |
TATA STEEL LTD | 92,035.80 | 1.89 | 174,082.0 |
JINDAL STAINLESS LTD | 14,348.40 | 3.94 | 56,524.7 |
STEEL AUTHORITY OF INDIA LTD | 57,101.20 | 0.81 | 45,993.4 |
APL APOLLO TUBES LTD | 3,604.62 | 11.28 | 40,651.8 |
MOTHERSON SUMI WIRING INDIA LTD | 1,676.80 | 16.19 | 27,154.4 |
RATNAMANI METALS & TUBES LTD | 3,140.53 | 7.60 | 23,870.9 |
SHYAM METALICS AND ENERGY LTD | 9,685.18 | 2.37 | 22,997.7 |
JINDAL SAW LTD | 10,034.80 | 1.91 | 19,201.2 |
MAHARASHTRA SEAMLESS LTD | 5,730.70 | 1.43 | 8,173.3 |
Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs WELSPUN CORP 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.81x |
Max industry PB | 16.19x |
Median industry PB | 3.00x |
Average industry PB | 4.88x |
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