Hi-Tech Gears Ltd
NSE:HITECHGEAR
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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 (2.4), the stock would be worth ₹643.76 (4% upside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 2.3 | ₹621.6 |
0%
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| 3-Year Average | 2.4 | ₹643.76 |
+4%
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| 5-Year Average | 2 | ₹526.45 |
-15%
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| Industry Average | 4.1 | ₹1 091.7 |
+76%
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| Country Average | 3.3 | ₹862.57 |
+39%
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Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| IN |
|
Hi-Tech Gears Ltd
NSE:HITECHGEAR
|
11.7B INR | 2.3 | 51.7 | |
| JP |
P
|
Pacific Industrial Co Ltd
TSE:7250
|
57.2T JPY | 0.9 | 11 | |
| JP |
|
Sumitomo Electric Industries Ltd
TSE:5802
|
7.9T JPY | 3.2 | 30.9 | |
| JP |
|
Denso Corp
TSE:6902
|
5T JPY | 0.9 | 13.1 | |
| KR |
|
Hyundai Mobis Co Ltd
KRX:012330
|
39.9T KRW | 0.8 | 10.9 | |
| CN |
|
Fuyao Glass Industry Group Co Ltd
SSE:600660
|
155.1B CNY | 4.1 | 17.2 | |
| CA |
|
Magna International Inc
TSX:MG
|
23.7B CAD | 1.4 | 20.7 | |
| DE |
|
Continental AG
XETRA:CON
|
12.7B EUR | 3.2 | -77 | |
| CN |
|
Ningbo Tuopu Group Co Ltd
SSE:601689
|
98.5B CNY | 4.1 | 35.4 | |
| IN |
|
Samvardhana Motherson International Ltd
NSE:MOTHERSON
|
1.3T INR | 3.5 | 38.1 | |
| IE |
|
Aptiv PLC
NYSE:APTV
|
12.6B USD | 1.3 | 75.2 |
Market Distribution
| Min | 0 |
| 30th Percentile | 2.1 |
| Median | 3.3 |
| 70th Percentile | 5.5 |
| Max | 4 699.1 |
Other Multiples
Hi-Tech Gears Ltd
Glance View
The Hi-Tech Gears Ltd. engages in the manufacture of parts and accessories for motor vehicles. The firm's products include transmission and engine components, driveline components, engines design services and advanced technology-enabled products and solutions at the forefront of cutting-edge technology. The Customer of the Company ranges from the manufacturers of two-wheelers, four-wheelers, off-road equipment, generator manufacturers, medium and heavy vehicles. The firm's geographic segments include India, America and Others. The Company’s subsidiaries include 2545887 Ontario Inc, Neo-Tech Auto System Inc. and Neo-Tech Smart Solutions Inc. The 2545887 Ontario Inc is engaged in asset ownership, real estate. The Neo-Tech Auto System Inc is engaged in the manufacturing and sales of auto components. The Neo-Tech Smart Solutions Inc is engaged in manufacturing and sales of general engineering, industrial components and automotive industry.
