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Jk Tyre & Industries Ltd PB Ratio

Jk Tyre & Industries Ltd PB Ratio

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₹ 1.9 Cr

Volume transacted

stocks purchased

43.8 K

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Last Updated time: 18 Sep 9.00 AM

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JK Tyre & Industries Ltd

NSE: JKTYRE

PB

2.6

Last updated: 18 Sep 24

Key Highlights

  • The P/B Ratio of JK Tyre & Industries Ltd is 2.6 as of 18 Sep 24.
  • The P/B Ratio of JK Tyre & Industries Ltd changed from 1 on March 2022 to 2.6 on March 2024 . This represents a CAGR of 37.51% over 3 years. .

Historical P/B Ratio of JK Tyre & Industries Ltd

No data available

Company Fundamentals for JK Tyre & Industries Ltd

Market Cap

11,145 Cr

EPS

33.2

P/E Ratio (TTM) *

12.9

P/B Ratio (TTM) *

2.6

Day’s High *

436.3

Day’s Low

425.9

DTE *

1.0

ROE *

17.5

52 Week High

554.35

52 Week Low

255.05

ROCE *

16.7

Share price Over Time

1M

1Y

3Y

5Y

Monitoring JK Tyre & 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 2024427.5
17 Sep 2024431.55
16 Sep 2024441.35
13 Sep 2024443.9
12 Sep 2024421.9
11 Sep 2024420.7
10 Sep 2024425.9
09 Sep 2024418.2
06 Sep 2024415.35
05 Sep 2024419.6

SWOT Analysis Of JK Tyre & Industries Ltd

Strength

2

S

Weakness

3

W

Opportunity

0

O

Threats

0

T

BlinkX Score for JK Tyre & Industries Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of JK Tyre & Industries Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
JK Tyre & Industries Ltd211,145
Balkrishna Industries Ltd45858,675
MRF Ltd3877556,901
Apollo Tyres Ltd16432,457
CEAT Ltd97611,896
TVS Srichakra Ltd14543,366

Key Valuation Metric of JK Tyre & 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 JK Tyre & Industries Ltd

No data available

* All values are in crore

Historical Revenue of JK Tyre & Industries Ltd

No data available

* All values are in crore

Historical EBITDA of JK Tyre & Industries Ltd

No data available

* All values are in crore

Historical Net Profit of JK Tyre & Industries Ltd

No data available

* All values are in crore

Dividend per Share (DPS) Over Time

No data available

JK Tyre & Industries Ltd News Hub

News

Board of JK Tyre & Industries approves draft scheme of amalgamation

The Board of JK Tyre & Industries at its meeting held on 16 September 2024 has approved th...

Read more

16 Sep 202417:48

News

JK Tyre & Industries allots 1.32 cr equity shares on conversion of debentures

JK Tyre & Industries has allotted 1,32,96,398 equity shares of face value of Rs 2 each on ...

Read more

16 Sep 202411:31

News

Board of JK Tyre & Industries approves investment in a renewable power company

The Board of JK Tyre & Industries at its meeting held on 21 August 2024 has approved an in...

Read more

21 Aug 202414:55

News

JK Tyre & Industries to declare Quarterly Result

JK Tyre & Industries will hold a meeting of the Board of Directors of the Company on 3 Aug...

Read more

27 Jul 202410:32

News

JK Tyre & Industries to convene AGM

JK Tyre & Industries announced that the 71th Annual General Meeting (AGM) of the company w...

Read more

09 Jul 202412:08

News

JK Tyre & Industries receives upgrade in credit ratings

JK Tyre & Industries has received upgrade in credit ratings for bank facilities from India...

Read more

14 Jun 202414:16

Document

Annual Reports

Annual Report 2024

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Credit Report 2024

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Concalls

Nov 2024

Transcript

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PPT

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Nov 2022

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Aug 2022

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May 2022

PPT

Jan 2021

Transcript

Oct 2020

Transcript

FAQs for PB Ratio of JK Tyre & Industries Ltd

What is the PB ratio of JK Tyre & Industries Ltd?

The current PB ratio of JK Tyre & Industries Ltd is 2.62. 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 JK Tyre & Industries Ltd stocks?

An ideal PB ratio varies by industry; however, a PB ratio below 1.0 may indicate a good buying opportunity for JK Tyre & 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 JK Tyre & Industries Ltd calculated?

The PB ratio of JK Tyre & 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 JK Tyre & Industries Ltd?

A high PB ratio suggests that JK Tyre & 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 JK Tyre & Industries Ltd?

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

Can JK Tyre & Industries Ltd PB Ratio change over time?

Yes, the PB ratio of JK Tyre & 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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