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Elgi Rubber Co (NSE:ELGIRUBCO) PB Ratio : 1.56 (As of May. 20, 2024)


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What is Elgi Rubber Co PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-20), Elgi Rubber Co's share price is ₹62.15. Elgi Rubber Co's Book Value per Share for the quarter that ended in Dec. 2023 was ₹39.89. Hence, Elgi Rubber Co's PB Ratio of today is 1.56.

The historical rank and industry rank for Elgi Rubber Co's PB Ratio or its related term are showing as below:

NSE:ELGIRUBCO' s PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.63   Max: 1.64
Current: 1.56

During the past 13 years, Elgi Rubber Co's highest PB Ratio was 1.64. The lowest was 0.29. And the median was 0.63.

NSE:ELGIRUBCO's PB Ratio is ranked worse than
52.96% of 1248 companies
in the Vehicles & Parts industry
Industry Median: 1.485 vs NSE:ELGIRUBCO: 1.56

During the past 12 months, Elgi Rubber Co's average Book Value Per Share Growth Rate was 21.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -0.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -5.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -5.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Elgi Rubber Co was 8.50% per year. The lowest was -9.30% per year. And the median was -4.50% per year.

Back to Basics: PB Ratio


Elgi Rubber Co PB Ratio Historical Data

The historical data trend for Elgi Rubber Co's PB Ratio 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.

* Premium members only.

Elgi Rubber Co PB Ratio Chart

Elgi Rubber Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.30 0.73 1.15 0.80

Elgi Rubber Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.80 - 1.28 -

Competitive Comparison of Elgi Rubber Co's PB Ratio

For the Auto Parts subindustry, Elgi Rubber Co'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.


Elgi Rubber Co's PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Elgi Rubber Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Elgi Rubber Co's PB Ratio falls into.



Elgi Rubber Co PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Elgi Rubber Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=62.15/39.891
=1.56

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Elgi Rubber Co  (NSE:ELGIRUBCO) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Elgi Rubber Co PB Ratio Related Terms

Thank you for viewing the detailed overview of Elgi Rubber Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Elgi Rubber Co (NSE:ELGIRUBCO) Business Description

Traded in Other Exchanges
N/A
Address
Super A Unit, Coimbatore Private Industrial Estate, Coimbatore, TN, IND, 641 021
Elgi Rubber Co Ltd provides solutions to Rubber Industry and is engaged in the business of manufacturing Reclaimed Rubber, Retreading machinery, and Retread rubber. The company has only one business segment, that is, manufacture of Reclaimed rubber and allied activities. Geographically, it derives a majority of its revenue from India. The company sells its product under various brands such as Jet, CRS (Cincinnati Retread Systems, Armonas, Pincott, Carbrasive, Midwest Rubber, Westernweld, Rubber Resources, and Rubber Compounding Holland. Its business operation comprises a single operating segment being Rubber Industry.

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