Tamilnad Mercantile Bank Ltd
BSE:543596
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (0.9), the stock would be worth ₹534.95 (28% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1.3 | ₹739.95 |
0%
|
| 3-Year Average | 0.9 | ₹534.95 |
-28%
|
| 5-Year Average | 0.9 | ₹550.35 |
-26%
|
| Industry Average | 1.5 | ₹894.24 |
+21%
|
| Country Average | 3.3 | ₹1 911.75 |
+158%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| IN |
T
|
Tamilnad Mercantile Bank Ltd
BSE:543596
|
117B INR | 1.3 | 9.8 | |
| US |
|
JPMorgan Chase & Co
NYSE:JPM
|
834.5B USD | 2.3 | 14.5 | |
| ZA |
C
|
Capitec Bank Holdings Ltd
JSE:CPI
|
509.8B ZAR | 8.8 | 30.9 | |
| ZA |
S
|
Standard Bank Group Ltd
JSE:SBK
|
506.6B ZAR | 1.8 | 10.4 | |
| CN |
|
Industrial and Commercial Bank of China Ltd
SSE:601398
|
2.7T CNY | 0.6 | 7.5 | |
| US |
|
Bank of America Corp
NYSE:BAC
|
375.5B USD | 1.2 | 12.4 | |
| CN |
|
China Construction Bank Corp
SSE:601939
|
2.6T CNY | 0.7 | 7.7 | |
| CN |
|
Agricultural Bank of China Ltd
SSE:601288
|
2.4T CNY | 0.7 | 8.8 | |
| UK |
|
HSBC Holdings PLC
LSE:HSBA
|
228.8B GBP | 1.6 | 14.7 | |
| CN |
|
Bank of China Ltd
SSE:601988
|
1.9T CNY | 0.6 | 8.2 | |
| US |
|
Wells Fargo & Co
NYSE:WFC
|
249.7B USD | 1.4 | 12.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 2.1 |
| Median | 3.3 |
| 70th Percentile | 5.5 |
| Max | 4 699.1 |
Other Multiples
Tamilnad Mercantile Bank Ltd
Glance View
Tamilnad Mercantile Bank Ltd. engages in the provision of banking services. The company is headquartered in Thoothukudi, Tamil Nadu. The company went IPO on 2022-09-15. The bank operates through four segments: Treasury, Corporate / Wholesale Banking, and Retail Banking. Its treasury operations focus on the management of its funds, maintenance of statutory reserves (cash reserve ratio and statutory liquidity ratio), asset liability gaps, interest rate risks, liquidity positions, investments, and trading activities. The company also manages trades in equity and forex instruments. The bank offers commercial banking products to its customers including current account facilities, online services, such as Internet banking, and short message service (SMS) alerts, and foreign exchange services. The company provides various kinds of loans. The company also offers other services including online fee payment, online bill payment, forex services, and Demat services. The bank offers a secure application, TMB DigiLobby, for customers to view all their account balances and transactions on their mobile devices.
