Vedanta
VEDL.NS
Vedanta (VEDL.NS) - P/B ratio
P/B ratio as of April 2024 : 3.49
According to Vedanta's latest financial reports the company has a price-to-book ratio of 3.49.
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.
Vedanta - P/B ratio (from 2012 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 2.28 | 42.62% |
| 2022-12-31 | 1.60 | -1.42% |
| 2021-12-31 | 1.62 | 84.25% |
| 2020-12-31 | 0.8815 | 21.82% |
| 2019-12-31 | 0.7236 | -26.6% |
| 2018-12-31 | 0.9859 | -40.09% |
| 2017-12-31 | 1.65 | 111.25% |
| 2016-12-31 | 0.7789 | 205.66% |
| 2015-12-31 | 0.2548 | -47% |
| 2014-12-31 | 0.4808 | 170.3% |
| 2013-12-31 | 0.1779 | -63.94% |
| 2012-12-31 | 0.4932 |
P/B ratio for similar companies or competitors
| Company | P/B ratio | differencediff. | Country |
|---|---|---|---|
 Steel Dynamics
STLD | 2.39 | -31.48% | 🇺🇸 USA |
 Cleveland-Cliffs CLF | 1.04 | -70.10% | 🇺🇸 USA |
 Cameco
CCJ | 4.76 | 36.06% | 🇨🇦 Canada |
 Allegheny Technologies
ATI | 4.35 | 24.58% | 🇺🇸 USA |