ReNew Energy Global (ReNew Energy Global) PB Ratio : 1.76 (As of May. 11, 2024)

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What is ReNew Energy Global 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 (2024-05-11), ReNew Energy Global's share price is $6.01. ReNew Energy Global's Book Value per Share for the quarter that ended in Dec. 2023 was $3.42. Hence, ReNew Energy Global's PB Ratio of today is 1.76.

The historical rank and industry rank for ReNew Energy Global's PB Ratio or its related term are showing as below:

RNW' s PB Ratio Range Over the Past 10 Years
Min: 1.33 Med: 1.74 Max: 2.59
Current: 1.76

During the past 5 years, ReNew Energy Global's highest PB Ratio was 2.59. The lowest was 1.33. And the median was 1.74.

RNW's PB Ratio is ranked worse than
62.65% of 415 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.29 vs RNW: 1.76

During the past 12 months, ReNew Energy Global's average Book Value Per Share Growth Rate was 0.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 11.80% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of ReNew Energy Global was 11.80% per year. The lowest was 11.80% per year. And the median was 11.80% per year.

Back to Basics: PB Ratio

ReNew Energy Global PB Ratio Historical Data

The historical data trend for ReNew Energy Global'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.

ReNew Energy Global PB Ratio Chart

ReNew Energy Global Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

2.11

1.61

ReNew Energy Global Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial											1.62	1.61	1.58	1.53	2.24

Competitive Comparison of ReNew Energy Global's PB Ratio

For the Utilities - Renewable subindustry, ReNew Energy Global'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.

ReNew Energy Global's PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, ReNew Energy Global's PB Ratio distribution charts can be found below:

* The bar in red indicates where ReNew Energy Global's PB Ratio falls into.

ReNew Energy Global 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.

ReNew Energy Global's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	6.01	/	3.416
	=	1.76

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.

ReNew Energy Global (NAS:RNW) 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.

ReNew Energy Global PB Ratio Related Terms

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ReNew Energy Global (ReNew Energy Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ReNew Energy Global PLC (NAS:RNW) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

7JU:Germany 7JU:Germany

Address

C/o Vistra (UK) Ltd., 4th Floor 11-12 St. James’ Square, London, GBR, SW1Y 4LB

Website

https://www.renewpower.in

ReNew Energy Global PLC is a Developer and operator of clean energy projects intended to meet India's growing energy needs in an efficient, sustainable and socially responsible manner. The Company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change.