HomeInsightsPB

Riddhi Steel & Tube Ltd PB Ratio

Riddhi Steel & Tube Ltd PB Ratio

stocks purchased

₹ 0.1 Cr

Volume Transacted

(Nov 5, 2024)

stocks purchased

6.0 K

Stocks Traded

(Nov 5, 2024)

Last Updated on: Nov 08, 2024

Image

Riddhi Steel & Tube Ltd

NSE: RIDDHISTEEL

PB

1.8

Last updated on: Nov 05, 2024

Key Highlights

  • The P/B Ratio of Riddhi Steel & Tube Ltd is 1.8 as of 05 Nov 24.
  • The P/B Ratio of Riddhi Steel & Tube Ltd changed from 0.5 on March 2022 to 0.6 on March 2024 . This represents a CAGR of 6.27% over 3 years. .

Historical P/B Ratio of Riddhi Steel & Tube Ltd

No data available

Market Price Over Time

1M

1Y

3Y

5Y

Monitoring Riddhi Steel & Tube 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
05 Nov 2024126.6
04 Nov 2024129
31 Oct 2024131.4
30 Oct 2024133.85
29 Oct 2024136.55
28 Oct 2024139.3
25 Oct 2024142.1
24 Oct 2024144.95
23 Oct 2024147.9
22 Oct 2024155.65

SWOT Analysis Of Riddhi Steel & Tube Ltd

Strength

0

S

Weakness

1

W

Opportunity

0

O

Threats

0

T

BlinkX Score for Riddhi Steel & Tube Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Riddhi Steel & Tube Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Key Valuation Metric of Riddhi Steel & Tube Ltd

Share Price

₹127

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 Riddhi Steel & Tube Ltd

No data available

* All values are in crore

Historical Revenue of Riddhi Steel & Tube Ltd

No data available

* All values are in crore

Historical EBITDA of Riddhi Steel & Tube Ltd

No data available

* All values are in crore

Historical Net Profit of Riddhi Steel & Tube Ltd

No data available

* All values are in crore

Dividend Payout Over Time

No data available

Riddhi Steel & Tube Ltd News Hub

News

Riddhi Steel & Tube to conduct board meeting

Riddhi Steel & Tube will hold a meeting of the Board of Directors of the Company on 7 Nove...

Read more

31 Oct 202413:41

News

Riddhi Steel & Tube to hold AGM

Riddhi Steel & Tube announced that the 22th Annual General Meeting (AGM) of the company wi...

Read more

16 Sep 202409:58

News

Riddhi Steel & Tube to hold board meeting

Riddhi Steel & Tube will hold a meeting of the Board of Directors of the Company on 4 Sept...

Read more

03 Sep 202410:55

News

Riddhi Steel & Tube to hold board meeting

Riddhi Steel & Tube will hold a meeting of the Board of Directors of the Company on 14 Nov...

Read more

11 Nov 202311:10

News

Riddhi Steel & Tube to hold AGM

Riddhi Steel & Tube announced that the 22th Annual General Meeting (AGM) of the company wi...

Read more

07 Sep 202312:15

News

Riddhi Steel & Tube announces board meeting date

Riddhi Steel & Tube will hold a meeting of the Board of Directors of the Company on 5 Sept...

Read more

31 Aug 202316:02

Document

Annual Reports

N/A

dropdown
download

Credit Ratings

N/A

dropdown
download

Concalls

Data not available

FAQs for PB Ratio of Riddhi Steel & Tube Ltd

What is the PB ratio of Riddhi Steel & Tube Ltd?

The current PB ratio of Riddhi Steel & Tube Ltd is 0.0. 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 Riddhi Steel & Tube Ltd stocks?

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

The PB ratio of Riddhi Steel & Tube 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 Riddhi Steel & Tube Ltd?

A high PB ratio suggests that Riddhi Steel & Tube 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 Riddhi Steel & Tube Ltd?

A low PB ratio of Riddhi Steel & Tube Ltd may indicate that the stock is undervalued or it is facing financial difficulties.

Can Riddhi Steel & Tube Ltd PB Ratio change over time?

Yes, the PB ratio of Riddhi Steel & Tube 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.
up arrow
50yearstrust

Unlimited trading at just

Rs. 399

Rs. 199*