Rama Steel Tubes (BOM:539309) PB Ratio : 6.37 (As of May. 03, 2024)

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What is Rama Steel Tubes 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 (2024-05-03), Rama Steel Tubes's share price is ₹12.94. Rama Steel Tubes's Book Value per Share for the quarter that ended in Dec. 2023 was ₹2.03. Hence, Rama Steel Tubes's PB Ratio of today is 6.37.

The historical rank and industry rank for Rama Steel Tubes's PB Ratio or its related term are showing as below:

BOM:539309' s PB Ratio Range Over the Past 10 Years
Min: 0.39 Med: 4.2 Max: 7.64
Current: 6.75

During the past 9 years, Rama Steel Tubes's highest PB Ratio was 7.64. The lowest was 0.39. And the median was 4.20.

BOM:539309's PB Ratio is ranked worse than
95.39% of 607 companies
in the Steel industry
Industry Median: 1.01 vs BOM:539309: 6.75

During the past 12 months, Rama Steel Tubes's average Book Value Per Share Growth Rate was 28.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 36.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 20.50% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Rama Steel Tubes was 50.10% per year. The lowest was 8.30% per year. And the median was 26.90% per year.

Back to Basics: PB Ratio

Rama Steel Tubes PB Ratio Historical Data

The historical data trend for Rama Steel Tubes'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.

Rama Steel Tubes PB Ratio Chart

Rama Steel Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

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2.16

0.37

1.19

4.18

5.18

Rama Steel Tubes 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															-	5.18	-	5.84	-

Competitive Comparison of Rama Steel Tubes's PB Ratio

For the Steel subindustry, Rama Steel Tubes'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.

Rama Steel Tubes's PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rama Steel Tubes's PB Ratio distribution charts can be found below:

* The bar in red indicates where Rama Steel Tubes's PB Ratio falls into.

Rama Steel Tubes 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.

Rama Steel Tubes's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	12.94	/	2.031
	=	6.37

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Rama Steel Tubes (BOM:539309) 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.

Rama Steel Tubes PB Ratio Related Terms

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

Rama Steel Tubes (BOM:539309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rama Steel Tubes Ltd (BOM:539309) » Definitions » PB Ratio

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RAMASTEEL:India

Address

Main Road, B-5, 3rd Floor, Ghazipur, New Delhi, IND, 110096

Website

https://www.ramasteel.com

Rama Steel Tubes Ltd is a manufacturer and exporter of steel pipes, steel tubes, galvanized pipes, fence pipes, electrical conduit pipes, scaffolding fittings, hollow section, square steel pipes, and square steel tubes. The firm's only segment is the manufacturing and trading of Steel Tubes Pipes and Steel allied products. It also manufactures and exports hollow section for the automobile industry, including highway and street lighting poles, as well as traffic signal poles. It operates its business across the world and generates its revenues from India.

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