Axis Bank's book value per share for the quarter that ended in Mar. 2024 was ₹508.73.
During the past 12 months, Axis Bank's average Book Value Per Share Growth Rate was 20.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Axis Bank was 48.40% per year. The lowest was 5.50% per year. And the median was 18.30% per year.
Axis Bank's current price is ₹1130.05. Its book value per share for the quarter that ended in Mar. 2024 was ₹508.73. Hence, today's PB Ratio of Axis Bank is 2.22.
During the past 13 years, the highest P/B Ratio of Axis Bank was 3.77. The lowest was 1.06. And the median was 2.31.
Good Sign:
Axis Bank Ltd stock PB Ratio (=2.22) is close to 1-year low of 2.02
Axis Bank Book Value per Share Historical Data
The historical data trend for Axis Bank's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Axis Bank's Book Value per Share
For the Banks - Regional subindustry, Axis Bank's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Axis Bank's PB Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Axis Bank's PB Ratio distribution charts can be found below:
* The bar in red indicates where Axis Bank's PB Ratio falls into.
Axis Bank Book Value per Share Calculation
Axis Bank's Book Value Per Share for the fiscal year that ended in Mar. 2024 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Axis Bank (BOM:532215) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Axis Bank Book Value per Share Related Terms
Thank you for viewing the detailed overview of Axis Bank's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Axis Bank Ltd is a full-service bank operating mostly in India. The bank operates under four segments: treasury, corporate/wholesale banking, retail banking, and other banking. Treasury operations include security investments and derivative trading. Corporate/wholesale banking solutions include mid/large corporate relationships, corporate advisory, project appraisals, and syndication. Retail banking solutions include lending to individual/small businesses, savings accounts, debit and credit cards, ATMs and mobile banking, personal loans. Other banking operations include third-party product distribution and other banking transactions. A plurality of the bank's loan and advances comes from its corporate customers, while a plurality of its fee income comes from its retail customers.
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