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Goodyear India Ltd PB Ratio

Goodyear India Ltd PB Ratio

stocks purchased

₹ 1.1 Cr

Volume Transacted

(Nov 7, 2024)

stocks purchased

10.2 K

Stocks Traded

(Nov 7, 2024)

Last Updated on: Nov 08, 2024

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Goodyear India Ltd

NSE: GOODYEAR

PB

4.1

Last updated on: Nov 07, 2024

Key Highlights

  • The P/B Ratio of Goodyear India Ltd is 4.1 as of 07 Nov 24.
  • The P/B Ratio of Goodyear India Ltd changed from 2.9 on March 2022 to 4.4 on March 2024 . This represents a CAGR of 14.91% over 3 years. .

Historical P/B Ratio of Goodyear India Ltd

No data available

Company Fundamentals for Goodyear India Ltd

Market Cap

2,389 Cr

EPS

25.3

P/E Ratio (TTM) *

40.9

P/B Ratio (TTM) *

4.1

Day’s High *

1042.0

Day’s Low

1016.5

DTE *

0.0

ROE *

9.9

52 Week High

1440.0

52 Week Low

1004.0

ROCE *

14.0

Market Price Over Time

1M

1Y

3Y

5Y

Monitoring Goodyear India 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
07 Nov 20241035.6
06 Nov 20241016.6
05 Nov 20241016.5
04 Nov 20241020.7
01 Nov 20241033.3
31 Oct 20241015.9
30 Oct 20241006.2
29 Oct 20241020.2
28 Oct 20241027.55
25 Oct 20241030.05

SWOT Analysis Of Goodyear India Ltd

Strength

1

S

Weakness

2

W

Opportunity

0

O

Threats

0

T

BlinkX Score for Goodyear India Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Goodyear India Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Goodyear India Ltd42,389
Balkrishna Industries Ltd48655,410
MRF Ltd3877551,286
Apollo Tyres Ltd16431,590
CEAT Ltd101811,613
JK Tyre & Industries Ltd14710,570

Key Valuation Metric of Goodyear India Ltd

Share Price

₹1,036

PB Ratio

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 Goodyear India Ltd

No data available

* All values are in crore

Historical Revenue of Goodyear India Ltd

No data available

* All values are in crore

Historical EBITDA of Goodyear India Ltd

No data available

* All values are in crore

Historical Net Profit of Goodyear India Ltd

No data available

* All values are in crore

Dividend Payout Over Time

No data available

Goodyear India Ltd News Hub

News

Goodyear India to conduct board meeting

Goodyear India will hold a meeting of the Board of Directors of the Company on 22 October ...

Read more

15 Oct 202410:11

News

Goodyear India to announce Quarterly Result

Goodyear India will hold a meeting of the Board of Directors of the Company on 14 August 2...

Read more

10 Aug 202412:10

News

Goodyear India to convene AGM

Goodyear India announced that the Annual General Meeting(AGM) of the company will be held ...

Read more

28 May 202410:37

News

Board of Goodyear India recommends final dividend

Goodyear India announced that the Board of Directors of the Company at its meeting held on...

Read more

28 May 202410:37

News

Goodyear India announces board meeting date

Goodyear India will hold a meeting of the Board of Directors of the Company on 27 May 2024...

Read more

20 May 202413:47

News

Board of Goodyear India recommends Interim Dividend

Goodyear India announced that the Board of Directors of the Company at its meeting held on...

Read more

03 Feb 202410:20

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Annual Reports

N/A

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Credit Ratings

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Concalls

Data not available

FAQs for PB Ratio of Goodyear India Ltd

What is the PB ratio of Goodyear India Ltd?

The current PB ratio of Goodyear India Ltd is 4.09. 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 Goodyear India Ltd stocks?

An ideal PB ratio varies by industry; however, a PB ratio below 1.0 may indicate a good buying opportunity for Goodyear India 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 Goodyear India Ltd calculated?

The PB ratio of Goodyear India 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 Goodyear India Ltd?

A high PB ratio suggests that Goodyear India 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 Goodyear India Ltd?

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

Can Goodyear India Ltd PB Ratio change over time?

Yes, the PB ratio of Goodyear India 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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