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Acknit Industries Ltd PB Ratio

Acknit Industries Ltd PB Ratio

stocks purchased

₹ 0.3 Cr

Volume transacted

stocks purchased

7.0 K

stocks traded

Last Updated time: 18 Sep 9.00 AM

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Acknit Industries Ltd

NSE: ACKNITINDUS

PB

1.4

Last updated: 18 Sep 24

Key Highlights

  • The P/B Ratio of Acknit Industries Ltd is 1.4 as of 18 Sep 24.
  • The P/B Ratio of Acknit Industries Ltd changed from 0.7 on March 2022 to 0.9 on March 2024 . This represents a CAGR of 8.74% over 3 years. .

Historical P/B Ratio of Acknit Industries Ltd

No data available

Company Fundamentals for Acknit Industries Ltd

Market Cap

109 Cr

EPS

29.5

P/E Ratio (TTM) *

12.1

P/B Ratio (TTM) *

1.4

Day’s High *

360.0

Day’s Low

335.15

DTE *

0.7

ROE *

10.9

52 Week High

369.45

52 Week Low

198.0

ROCE *

10.1

Share price Over Time

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 Share Price

Date
leftPriceleft
18 Sep 2024358.8
17 Sep 2024346.4
16 Sep 2024344.95
13 Sep 2024331.75
12 Sep 2024318.25
11 Sep 2024314
10 Sep 2024314.85
09 Sep 2024305.4
06 Sep 2024299.65
05 Sep 2024307.6

SWOT Analysis Of Acknit Industries Ltd

Strength

1

S

Weakness

1

W

Opportunity

0

O

Threats

0

T

BlinkX Score for Acknit Industries Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Acknit Industries Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Acknit Industries Ltd1109
Grasim Industries Ltd7911,83,298
Trident Ltd718,438
Welspun Living Ltd3817,342
LS Industries Ltd016,153
Raymond Lifestyle Ltd38614,282

Key Valuation Metric of Acknit Industries Ltd

The price-to-book (P/B) ratio compares a company's market capitalization to its book value by dividing its stock price per share by its book value per share.


How to calculate Price-to-Book (P/B) Ratio?

The Price-to-Book Ratio is used to determine the relationship between the total value of a company's outstanding shares and the net value of its assets. Before calculating the P/B ratio, investors need to overlook the market capitalization of a company.


Market capitalization = market value of a stock X no. of outstanding shares


Now, you need to know the net value of an organization's assets.

Book Value of Assets = Total Assets - Total Liabilities of a company


After knowing the value of the above ratios, here is the formula for the P/B Ratio:

P/B Ratio = Market Capitalization/ Book Value of Assets


or you can also use this formula

P/B ratio = Market Price Per Share/ Book Value of Asset Per Share

Historical Market Cap of Acknit Industries Ltd

No data available

* All values are in crore

Historical Revenue of Acknit Industries Ltd

No data available

* All values are in crore

Historical EBITDA of Acknit Industries Ltd

No data available

* All values are in crore

Historical Net Profit of Acknit Industries Ltd

No data available

* All values are in crore

Dividend per Share (DPS) Over Time

No data available

Acknit Industries Ltd News Hub

News

Acknit Industries to conduct AGM

Acknit Industries announced that the 34th Annual General Meeting (AGM) of the company will...

Read more

21 Aug 202409:47

News

Acknit Industries to announce Quarterly Result

Acknit Industries will hold a meeting of the Board of Directors of the Company on 9 August...

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03 Aug 202417:19

News

Board of Acknit Industries recommends final dividend

Acknit Industries announced that the Board of Directors of the Company at its meeting held...

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23 May 202409:39

News

Acknit Industries to hold board meeting

Acknit Industries will hold a meeting of the Board of Directors of the Company on 22 May 2...

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16 May 202415:33

News

Acknit Industries to discuss results

Acknit Industries will hold a meeting of the Board of Directors of the Company on 12 Febru...

Read more

03 Feb 202417:31

News

Acknit Industries to table results

Acknit Industries will hold a meeting of the Board of Directors of the Company on 8 Novemb...

Read more

04 Nov 202310:02

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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 1.38. 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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