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Astral (NSE:ASTRAL) PB Ratio : 19.98 (As of May. 12, 2024)


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What is Astral 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 (2024-05-12), Astral's share price is ₹2158.65. Astral's Book Value per Share for the quarter that ended in Dec. 2023 was ₹108.04. Hence, Astral's PB Ratio of today is 19.98.

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

NSE:ASTRAL' s PB Ratio Range Over the Past 10 Years
Min: 3.96   Med: 10.86   Max: 22.44
Current: 19.98

During the past 13 years, Astral's highest PB Ratio was 22.44. The lowest was 3.96. And the median was 10.86.

NSE:ASTRAL's PB Ratio is ranked worse than
98.52% of 1619 companies
in the Construction industry
Industry Median: 1.25 vs NSE:ASTRAL: 19.98

During the past 12 months, Astral's average Book Value Per Share Growth Rate was 19.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 21.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 21.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 25.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Astral was 272.10% per year. The lowest was 17.40% per year. And the median was 27.10% per year.

Back to Basics: PB Ratio


Astral PB Ratio Historical Data

The historical data trend for Astral'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.

Astral PB Ratio Chart

Astral 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 10.89 9.39 17.13 17.40 13.25

Astral 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 - 13.25 - 17.70 -

Competitive Comparison of Astral's PB Ratio

For the Building Products & Equipment subindustry, Astral'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.


Astral's PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Astral's PB Ratio distribution charts can be found below:

* The bar in red indicates where Astral's PB Ratio falls into.



Astral 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.

Astral's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=2158.65/108.042
=19.98

* 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.


Astral  (NSE:ASTRAL) 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.


Astral PB Ratio Related Terms

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


Astral (NSE:ASTRAL) Business Description

Traded in Other Exchanges
Address
Off. S.G. Highway, Astral House, 207/1, Behind Rajpath Club, Ahmedabad, GJ, IND, 380059
Astral Ltd manufactures plumbing systems, drainage systems, agriculture, industrial and electrical conduit pipes with various types of fittings. Operations are divided into two business segment units: Plumbing, and Paints and Adhesives. Astral's list of clients includes hospitals, resorts, parks, stadiums, government facilities, and a host of other industries. The majority of the company's products are utilized across India. Pipes and systems are sold under several brand names and can be built to withstand many conditions imposed by a system's environment and meet several requirements and regulations.

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