JK Tyre & Industries Ltd
NSE:JKTYRE
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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 (2.1), the stock would be worth ₹403.24 (1% upside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 2.1 | ₹399.85 |
0%
|
| 3-Year Average | 2.1 | ₹403.24 |
+1%
|
| 5-Year Average | 1.7 | ₹321.16 |
-20%
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| Industry Average | 4.1 | ₹786.62 |
+97%
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| Country Average | 3.3 | ₹621.52 |
+55%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| IN |
J
|
JK Tyre & Industries Ltd
NSE:JKTYRE
|
111.5B INR | 2.1 | 15.8 | |
| JP |
|
Bridgestone Corp
TSE:5108
|
4.2T JPY | 1.1 | 12.7 | |
| FR |
|
Compagnie Generale des Etablissements Michelin SCA
PAR:ML
|
21.4B EUR | 1.2 | 12.7 | |
| IT |
|
Pirelli & C SpA
MIL:PIRC
|
6.3B EUR | 1 | 12.9 | |
| CN |
|
Sailun Group Co Ltd
SSE:601058
|
47.1B CNY | 2.2 | 13.3 | |
| JP |
|
Yokohama Rubber Co Ltd
TSE:5101
|
993.1B JPY | 1 | 9.4 | |
| IN |
|
MRF Ltd
NSE:MRF
|
553.1B INR | 2.8 | 24.7 | |
| KR |
H
|
Hankook Tire & Technology Co Ltd
KRX:161390
|
7.5T KRW | 0.6 | 6.9 | |
| IN |
|
Balkrishna Industries Ltd
NSE:BALKRISIND
|
425.3B INR | 4 | 32.1 | |
| JP |
|
Toyo Tire Corp
TSE:5105
|
588.4B JPY | 1.1 | 9.2 | |
| CN |
|
Anhui Zhongding Sealing Parts Co Ltd
SZSE:000887
|
23B CNY | 1.6 | 15.3 |
Market Distribution
| Min | 0 |
| 30th Percentile | 2.1 |
| Median | 3.3 |
| 70th Percentile | 5.5 |
| Max | 4 699.1 |
Other Multiples
JK Tyre & Industries Ltd
Glance View
In the bustling corridors of India's industrial landscape, JK Tyre & Industries Ltd. stands as a formidable name in the realm of tire manufacturing, embodying a legacy of innovation and resilience since 1951. Originally rooted in its domestic market, the company has evolved into one of the nation's largest tire manufacturers and exporters, boasting a comprehensive portfolio that caters to a myriad of vehicular needs—from two-wheelers to heavy commercial trucks. At the heart of JK Tyre's operations lies its robust manufacturing network that spans multiple state-of-the-art facilities equipped with advanced technology for productivity optimization and quality assurance. These factories are the crucibles where raw materials transform into high-performance tires, merging meticulous engineering with technological prowess to meet the rigorous demands of modern transportation. Earning its revenues primarily through the production and sale of tires, JK Tyre harnesses a dual strategy focusing on domestic sales and international exports. Domestically, it leverages a widespread distribution network that ensures its products reach every corner of India, from metropolitan dealerships to rural markets. This ensures a steady flow of income, backed by a brand that's trusted for reliability and endurance. On the international front, JK Tyre deftly navigates the complexities of global markets, exporting to over 100 countries, which diversifies its revenue streams and mitigates local economic fluctuations. Moreover, the company has ventured into the niche arena of smart tires, embedding digital capabilities that provide real-time data on tire health, thereby tapping into the potential of IoT in automotive applications. By balancing tradition with technological advancement, JK Tyre continues to steer its course as a dynamic entity in the tire industry, committed to sustainable growth and innovation.