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Redtape Ltd PB Ratio

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Redtape Ltd

NSE: REDTAPE

PB

15.8

Last updated on: 21 Nov 24

Key Highlights

  • The latest PB Ratio of Redtape Ltd is 15.8.
  • The PB ratio of the Redtape Ltd is above 3 which indicates that the stock is overvalued but this is common in high-growing sectors.
  • The P/B Ratio of Redtape Ltd changed from 14 on March 2024 to 14 on March 2024 . This represents a CAGR of 0.00% over 1 years.

Historical P/B Ratio of Redtape Ltd

No data available

Company Fundamentals for Redtape Ltd

Market Cap

11,143 Cr

EPS

11.4

P/E Ratio (TTM)

70.7

P/B Ratio (TTM)

15.8

Day’s High

822.7

Day’s Low

798.85

DTE

0.9

ROE

22.4

52 Week High

981.8

52 Week Low

437.7

ROCE

18.8

Market Price of Redtape Ltd

1M

1Y

3Y

5Y

Monitoring Redtape 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 2024806.35
19 Nov 2024809.15
18 Nov 2024812.6
14 Nov 2024826.15
13 Nov 2024877.45

SWOT Analysis Of Redtape Ltd

Strength

2

che

Weakness

1

che

Opportunity

0

che

Threats

1

che

BlinkX Score for Redtape Ltd

Asset Value vs Market Value of Redtape Ltd

Market Value

0

Asset Value

0

* All values are in ₹ crores

Competitive Comparison of P/B Ratio

Company
leftPBright
Redtape Ltd15.84
Avenue Supermarts Ltd319.8
Trent Ltd143.4
Aditya Birla Fashion & Retail Ltd50.3
Brainbees Solutions Ltd113.3

Historical Market Cap of Redtape Ltd

Market Cap

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Redtape Ltd

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

FAQs for PB Ratio of Redtape Ltd

What is the PB ratio of Redtape Ltd?

The current PB ratio of Redtape Ltd is 15.84. 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 Redtape Ltd stocks?

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

The PB ratio of Redtape 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 Redtape Ltd?

A high PB ratio suggests that Redtape 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 Redtape Ltd?

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

Can Redtape Ltd PB Ratio change over time?

Yes, the PB ratio of Redtape 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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