Apollo Tyres
APOLLOTYRE.NS
Apollo Tyres (APOLLOTYRE.NS) - P/B ratio
P/B ratio as of April 2024 : 2.40
According to Apollo Tyres's latest financial reports the company has a price-to-book ratio of 2.40.
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.
Apollo Tyres - P/B ratio (from 2012 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 2.22 | 23.55% |
| 2022-12-31 | 1.80 | 49.4% |
| 2021-12-31 | 1.20 | 11.54% |
| 2020-12-31 | 1.08 | 14.16% |
| 2019-12-31 | 0.9443 | -31.98% |
| 2018-12-31 | 1.39 | -32.32% |
| 2017-12-31 | 2.05 | 52.11% |
| 2016-12-31 | 1.35 | -0.89% |
| 2015-12-31 | 1.36 | -38.74% |
| 2014-12-31 | 2.22 | 66.1% |
| 2013-12-31 | 1.34 | -5.02% |
| 2012-12-31 | 1.41 |