StartupsET Techabout 2 hours ago
Nifty P/B ratio hits 6-year low
3 min read
The Nifty's estimated price-to-book ratio fell below three times, its lowest in six years. The one-year forward P/B is 2.96 times, below the five-year average of 3.18 and 10-year average of 2.99. Banks' underperformance contributed to the decline.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
