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Happy Forgings Ltd PB Ratio

Happy Forgings Ltd PB Ratio

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Last Updated time: 18 Sep 15:30 PM

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Happy Forgings Ltd

NSE: HAPPYFORGE

PB

7.1

Last updated: 18 Sep 24

Key Highlights

  • The P/B Ratio of Happy Forgings Ltd is 7.1 as of 18 Sep 24.
  • The P/B Ratio of Happy Forgings Ltd changed from 5.2 on March 2022 to 5.2 on March 2024 . This represents a CAGR of 0.00% over 1 years. .

Historical P/B Ratio of Happy Forgings Ltd

No data available

Company Fundamentals for Happy Forgings Ltd

Market Cap

11,411 Cr

EPS

25.8

P/E Ratio (TTM) *

47.0

P/B Ratio (TTM) *

7.1

Day’s High *

1245.0

Day’s Low

1204.45

DTE *

0.1

ROE *

15.1

52 Week High

1298.95

52 Week Low

813.55

ROCE *

19.1

Share price Over Time

1M

1Y

3Y

5Y

Monitoring Happy Forgings 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 20241211.3
17 Sep 20241212.65
16 Sep 20241216.2
13 Sep 20241212.8
12 Sep 20241210.6
11 Sep 20241203.2
10 Sep 20241223.5
09 Sep 20241161.15
06 Sep 20241168.95
05 Sep 20241184.25

SWOT Analysis Of Happy Forgings Ltd

Strength

5

S

Weakness

1

W

Opportunity

0

O

Threats

1

T

BlinkX Score for Happy Forgings Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Happy Forgings Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Happy Forgings Ltd711,411
Bharat Forge Ltd18473,391
AIA Engineering Ltd68440,605
CIE Automotive India Ltd13421,853
PTC Industries Ltd88021,236
Ramkrishna Forgings Ltd14718,475

Key Valuation Metric of Happy Forgings 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 Happy Forgings Ltd

No data available

* All values are in crore

Historical Revenue of Happy Forgings Ltd

No data available

* All values are in crore

Historical EBITDA of Happy Forgings Ltd

No data available

* All values are in crore

Historical Net Profit of Happy Forgings Ltd

No data available

* All values are in crore

Dividend per Share (DPS) Over Time

No data available

Happy Forgings Ltd News Hub

News

Happy Forgings to hold board meeting

Happy Forgings will hold a meeting of the Board of Directors of the Company on 7 August 20...

Read more

02 Aug 202411:08

News

Happy Forgings to convene AGM

Happy Forgings announced that the 45th Annual General Meeting (AGM) of the company will be...

Read more

10 Jun 202410:32

News

Board of Happy Forgings recommends final dividend

Happy Forgings announced that the Board of Directors of the Company at its meeting held on...

Read more

25 May 202410:20

News

Board of Happy Forgings approves issuance of corporate guarantee for subsidiary

The Board of Happy Forgings at its meeting held on 24 May 2024 has approved issuance of co...

Read more

24 May 202418:38

News

Happy Forgings to conduct board meeting

Happy Forgings will hold a meeting of the Board of Directors of the Company on 24 May 2024...

Read more

16 May 202415:31

News

Happy Forgings wins multi-year export order for supply of axle components for e-SUVs

Happy Forgings has received an order for supply of axle components for electric SUVs in US...

Read more

03 May 202411:37

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May 2024

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FAQs for PB Ratio of Happy Forgings Ltd

What is the PB ratio of Happy Forgings Ltd?

The current PB ratio of Happy Forgings Ltd is 7.08. 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 Happy Forgings Ltd stocks?

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

The PB ratio of Happy Forgings 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 Happy Forgings Ltd?

A high PB ratio suggests that Happy Forgings 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 Happy Forgings Ltd?

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

Can Happy Forgings Ltd PB Ratio change over time?

Yes, the PB ratio of Happy Forgings 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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