Hindalco Industries
HINDALCO.NS
$7.87
Share price
0.32%
Change (1 day)
59.68%
Change (1 year)
Hindalco Industries (HINDALCO.NS) - P/B ratio
P/B ratio as of May 2024 : 1.46
According to Hindalco Industries
's latest financial reports the company has a price-to-book ratio of 1.46.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.
Hindalco Industries - P/B ratio (from 2019 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 1.31 | 14.54% |
| 2022-12-31 | 1.14 | -23.59% |
| 2021-12-31 | 1.50 | 64.86% |
| 2020-12-31 | 0.9082 | 8.17% |
| 2019-12-31 | 0.8396 |