Mahanagar Gas
MGL.NS
$17.53
Share price
0.81%
Change (1 day)
41.83%
Change (1 year)
Categories
Mahanagar Gas (MGL.NS) - P/B ratio
P/B ratio as of April 2024 : 3.07
According to Mahanagar Gas's latest financial reports the company has a price-to-book ratio of 3.07.
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.
Mahanagar Gas - P/B ratio (from 2016 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 2.53 | 17.77% |
| 2022-12-31 | 2.15 | -11.63% |
| 2021-12-31 | 2.43 | -33.63% |
| 2020-12-31 | 3.66 | -4.45% |
| 2019-12-31 | 3.83 | -7.71% |
| 2018-12-31 | 4.15 | -26.11% |
| 2017-12-31 | 5.62 | 27.3% |
| 2016-12-31 | 4.42 |