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Acknit Industries Ltd PB Ratio

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Acknit Industries Ltd

NSE: ACKNITINDUS

PB

1

Last updated on: 21 Nov 24

Key Highlights

  • The latest PB Ratio of Acknit Industries Ltd is 1.
  • The PB ratio of the Acknit Industries Ltd is below 1.5 which indicates that the stock is fairly valued.
  • The P/B Ratio of Acknit Industries Ltd changed from 0.6 on March 2019 to 0.9 on March 2024 . This represents a CAGR of 6.99% over 6 years.

Historical P/B Ratio of Acknit Industries Ltd

No data available

Company Fundamentals for Acknit Industries Ltd

Market Cap

86 Cr

EPS

30.0

P/E Ratio (TTM)

9.4

P/B Ratio (TTM)

1.0

Day’s High

290.0

Day’s Low

280.0

DTE

0.5

ROE

11.1

52 Week High

369.45

52 Week Low

210.0

ROCE

11.9

Market Price of Acknit Industries Ltd

1M

1Y

3Y

5Y

Monitoring Acknit Industries Ltd share price can help you stay informed about potential market shifts and opportunities. *All values are in Rupees.

Last Ten Days Market Price

Date
leftPrice (₹)right
21 Nov 2024283.95
19 Nov 2024289.9
18 Nov 2024290.05
14 Nov 2024291.05
13 Nov 2024296.25

SWOT Analysis Of Acknit Industries Ltd

Strength

1

che

Weakness

1

che

Opportunity

0

che

Threats

0

che

BlinkX Score for Acknit Industries Ltd

Asset Value vs Market Value of Acknit Industries Ltd

Market Value

0

Asset Value

0

* All values are in ₹ crores

Competitive Comparison of P/B Ratio

Company
leftPBright
Acknit Industries Ltd1.05
Grasim Industries Ltd835.2
Trident Ltd7.0
Welspun Living Ltd38.3
Vardhman Textiles Ltd316.1

Historical Market Cap of Acknit Industries Ltd

Market Cap

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Acknit Industries Ltd

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

FAQs for PB Ratio of Acknit Industries Ltd

What is the PB ratio of Acknit Industries Ltd?

The current PB ratio of Acknit Industries Ltd is 1.05. The Price-to-Book value (P/B) ratio compares a company's current share price to its book value per share. It helps assess whether a stock is overvalued or undervalued relative to its net asset value.

What is the ideal PB ratio to buy Acknit Industries Ltd stocks?

An ideal PB ratio varies by industry; however, a PB ratio below 1.0 may indicate a good buying opportunity for Acknit Industries Ltd. Some investors and financial analysts may also consider any value under 3.0 as a good PB ratio.

How is the PB Ratio of Acknit Industries Ltd calculated?

The PB ratio of Acknit Industries Ltd is calculated by dividing the current share price by the book value per share. The book value per share is determined by dividing the company’s total net assets (assets minus liabilities) by the number of outstanding shares. This ratio helps evaluate how the market values the company's assets.

What does a high PB Ratio mean for Acknit Industries Ltd?

A high PB ratio suggests that Acknit Industries Ltd’s stock may be overvalued relative to its book value or that investors expect high growth.

What does a low PB Ratio indicate for Acknit Industries Ltd?

A low PB ratio of Acknit Industries Ltd may indicate that the stock is undervalued or it is facing financial difficulties.

Can Acknit Industries Ltd PB Ratio change over time?

Yes, the PB ratio of Acknit Industries Ltd can change over time due to fluctuations in the company’s stock price and changes in its book value.
Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.
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