Ahasolar Technologies (BOM:543941) PB Ratio : 34.05 (As of May. 14, 2024)

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What is Ahasolar Technologies PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-14), Ahasolar Technologies's share price is ₹447.50. Ahasolar Technologies's Book Value per Share for the quarter that ended in Mar. 2023 was ₹13.14. Hence, Ahasolar Technologies's PB Ratio of today is 34.05.

The historical rank and industry rank for Ahasolar Technologies's PB Ratio or its related term are showing as below:

BOM:543941' s PB Ratio Range Over the Past 10 Years
Min: 16.22 Med: 27.21 Max: 44.12
Current: 32.42

During the past 4 years, Ahasolar Technologies's highest PB Ratio was 44.12. The lowest was 16.22. And the median was 27.21.

BOM:543941's PB Ratio is ranked worse than
97.83% of 2581 companies
in the Software industry
Industry Median: 2.68 vs BOM:543941: 32.42

During the past 12 months, Ahasolar Technologies's average Book Value Per Share Growth Rate was 414.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 472.60% per year.

During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Ahasolar Technologies was 472.60% per year. The lowest was 472.60% per year. And the median was 472.60% per year.

Back to Basics: PB Ratio

Ahasolar Technologies PB Ratio Historical Data

The historical data trend for Ahasolar Technologies's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ahasolar Technologies PB Ratio Chart

Ahasolar Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

PB Ratio

Ahasolar Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
PB Ratio	-	-	-	-

Competitive Comparison of Ahasolar Technologies's PB Ratio

For the Software - Application subindustry, Ahasolar Technologies's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ahasolar Technologies's PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Ahasolar Technologies's PB Ratio distribution charts can be found below:

* The bar in red indicates where Ahasolar Technologies's PB Ratio falls into.

Ahasolar Technologies PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Ahasolar Technologies's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2023)
	=	447.50	/	13.142
	=	34.05

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Ahasolar Technologies (BOM:543941) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Ahasolar Technologies PB Ratio Related Terms

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Ahasolar Technologies (BOM:543941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ahasolar Technologies Ltd (BOM:543941) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sattadhar Cross Road, Office No. 207, Kalasagar Shopping Hub, Opposite Saibaba Temple, Ghatlodiya, Ahmedabad, GJ, IND, 380061

Website

https://www.ahasolar.in

Ahasolar Technologies Ltd is engaged in the business of Cleantech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. Its primary focus in renewable energy has been in the solar industry and to cater to it the company developed an AI-based intelligent Solar Digital Platform. It has developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management, and monitor generation along with an integrated Marketplace to connect the demand & supply digitally. The company's core businesses are Solar Software Services, Solar Marketplace, and Solar Advisory and Consultancy services.

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