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PB Ratio of Thermax Ltd

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Thermax Ltd

NSE: THERMAX

PB Ratio

9.4

Last updated on: Mar 28, 2025

Key Highlights

  • The latest PB Ratio of Thermax Ltd is 9.4.
  • The PB ratio of the Thermax Ltd is above 3 which indicates that the stock is overvalued but this is common in high-growing sectors.
  • The P/B Ratio of Thermax Ltd changed from 2.8 on March 2020 to 10.6 on March 2024 . This represents a CAGR of 30.51% over 5 years.

Historical P/B Ratio of Thermax Ltd

No data available

Company Fundamentals for Thermax Ltd

Market Cap

43,539 Cr

EPS

52.0

P/E Ratio (TTM)

70.3

P/B Ratio (TTM)

9.4

Day’s High

3774.0

Day’s Low

3625.65

DTE

0.3

ROE

14.0

52 Week High

5835.0

52 Week Low

2949.45

ROCE

15.4

Market Price of Thermax Ltd

1M

1Y

3Y

5Y

Monitoring Thermax 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
28 Mar 20253654
27 Mar 20253756.7
26 Mar 20253474.2
25 Mar 20253569.4
24 Mar 20253462.95
21 Mar 20253498.65
20 Mar 20253525.55
19 Mar 20253383.95
18 Mar 20253276
17 Mar 20253239.95

SWOT Analysis Of Thermax Ltd

Strength

3

che

Weakness

1

che

Opportunity

0

che

Threats

1

che

BlinkX Score for Thermax Ltd

Asset Value vs Market Value of Thermax Ltd

Market Value

0

Asset Value

0

* All values are in ₹ crores

Competitive Comparison of P/B Ratio

PB Ratio of Thermax Ltd Explained

43539

Market cap

388

Book Value per Share

9.4X

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 Thermax Ltd

Market Cap

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Thermax Ltd

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

Dividend Payout Over Time

No data available

Thermax Ltd News Hub

Thermax Q1 PAT soars 97% YoY to Rs 116 cr

Revenue from operations stood at Rs 2,184.41 crore during the quarter, grew by 13.01% year on year.

Read more

02 Aug 24

Board of Thermax approves issuance of guarantee on behalf of Thermax (Thailand)

The Board of Thermax at its meeting held on 1 August 2024 has approved issuance of guarantee for an

Read more

01 Aug 24

Board of Thermax approves investment of USD 2.8 mn in Thermax Thailand

The Board of Thermax at its meeting held on 1 August 2024 has approved additional equity investment

Read more

01 Aug 24

Thermax consolidated net profit rises 96.69% in the June 2024 quarter

Net profit of Thermax rose 96.69% to Rs 115.81 crore in the quarter ended June 2024 as against Rs 58

Read more

01 Aug 24

Document

Annual Reports

Annual Report 2024

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Credit Ratings

Credit Report 2024

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Concalls

Aug 2024

PPT

Nov 2021

PPT

June 2021

TranscriptPPT

Feb 2021

PPT

FAQs for PB Ratio of Thermax Ltd

What is the PB ratio of Thermax Ltd?

The current PB ratio of Thermax Ltd is 9.42. 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 Thermax Ltd stocks?

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

The PB ratio of Thermax 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 Thermax Ltd?

A high PB ratio suggests that Thermax 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 Thermax Ltd?

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

Can Thermax Ltd PB Ratio change over time?

Yes, the PB ratio of Thermax 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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