ZENITH STEEL PIPES & INDUSTRIES
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The Current P/B Ratio of ZENITH STEEL PIPES & INDUSTRIES is -0.38.
Share Price | ₹6.8 | Feb 04,2025 |
Market Cap | ₹97.3 Cr | |
Book Value | ₹-256.9 Cr | Mar2024 - Consolidated Results |
Price/Book | -0.38x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of ZENITH STEEL PIPES & INDUSTRIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹97.3 Cr] as on Feb 04,2025
(/) Book Value [ ₹-256.9 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ -0.38x ]
Thus, for ZENITH STEEL PIPES & INDUSTRIES , the investors are currently willing to pay '-0.38 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 ZENITH STEEL PIPES & INDUSTRIES !
The chart below summarizes the trend in P/B Ratio of ZENITH STEEL PIPES & INDUSTRIES over the last five years.
Historical PB (Price/Book ) ratio chart of ZENITH STEEL PIPES & INDUSTRIES
PB Ratio Performance Analysis for ZENITH STEEL PIPES & INDUSTRIES
- ZENITH STEEL PIPES & INDUSTRIES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged -0.16x.
- ZENITH STEEL PIPES & INDUSTRIES 's operated at median p/b ratio of -0.14x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ZENITH STEEL PIPES & INDUSTRIES 's p/b ratio peaked in Mar2020 at -0.02x.
- ZENITH STEEL PIPES & INDUSTRIES 's p/b ratio hit its five-year low in Mar2024 of -0.42x.
How does ZENITH STEEL PIPES & INDUSTRIES '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 |
---|---|---|---|
ZENITH STEEL PIPES & INDUSTRIES | -256.86 | -0.38 | 97.3 |
JSW STEEL LTD | 77,223.00 | 2.99 | 230,900.0 |
TATA STEEL LTD | 92,035.80 | 1.81 | 166,529.0 |
JINDAL STAINLESS LTD | 14,348.40 | 3.58 | 51,320.9 |
STEEL AUTHORITY OF INDIA LTD | 57,101.20 | 0.77 | 44,052.1 |
APL APOLLO TUBES LTD | 3,604.62 | 11.12 | 40,074.6 |
MOTHERSON SUMI WIRING INDIA LTD | 1,676.80 | 15.01 | 25,169.4 |
RATNAMANI METALS & TUBES LTD | 3,140.53 | 6.32 | 19,853.9 |
SHYAM METALICS AND ENERGY LTD | 9,685.18 | 2.22 | 21,473.6 |
WELSPUN CORP LTD | 5,596.02 | 3.38 | 18,907.5 |
JINDAL SAW LTD | 10,034.80 | 1.62 | 16,278.7 |
Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs ZENITH STEEL PIPES & INDUSTRIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.38x |
Max industry PB | 15.01x |
Median industry PB | 2.99x |
Average industry PB | 4.40x |
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