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WIPRO
PB (Price/Book ) Ratio

The Current P/B Ratio of WIPRO is 3.23.

Share Price ₹461.1May 17,2024
Market Cap ₹241,041.6 Cr
Book Value₹74,533.0 CrMar2024 - Consolidated Results
Price/Book 3.23xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of WIPRO

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 WIPRO is calculated as :

Current Market Cap [ ₹241,041.6 Cr] as on May 17,2024

(/) Book Value [ ₹74,533.0 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 3.23x ]

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

Thus, for WIPRO , 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 WIPRO !

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

Historical PB (Price/Book ) ratio chart of WIPRO


PB Ratio Performance Analysis for WIPRO

- WIPRO 's latest p/b ratio is 3.23x.

- WIPRO 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.31x.

- WIPRO 's operated at median p/b ratio of 2.74x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, WIPRO 's p/b ratio peaked in Mar2022 at 5x.

- WIPRO 's p/b ratio hit its five-year low in Mar2020 of 2.04x.


How does WIPRO 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Book ValuePB RatioMarket Cap
WIPRO 74,533.003.23241,041.6
TATA CONSULTANCY SERVICES LTD90,489.0015.331,387,160.0
INFOSYS LTD87,203.006.87599,501.0
HCL TECHNOLOGIES LTD65,017.005.56361,718.0
LTIMINDTREE LTD20,026.407.05141,137.0
TECH MAHINDRA LTD26,669.404.78127,469.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD7,858.848.5967,474.2
PERSISTENT SYSTEMS LTD3,735.8414.5954,501.4
L&T TECHNOLOGY SERVICES LTD5,327.108.8547,123.4
TATA ELXSI LTD2,505.6618.2945,831.4
MPHASIS LTD8,541.345.1143,680.7

IT - Software Industry Benchmark (Top 10) PB Analysis vs WIPRO 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.23x
Max industry PB 18.29x
Median industry PB 7.05x
Average industry PB 8.93x



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