Ice Make Refrigeration P/B Ratio
Ice Make Refrigeration (ICEMAKE) P/B ratio is 8.25 (High), book value per share ₹83.12 vs Capital Goods average P/B of -1.41 — Very High - Significant premium, high growth expectations or speculative. Read ICEMAKE dividend track record for the complete payout history and dividend yield track record.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
ICEMAKE P/B Ratio — Valuation Insights & Book Value Analysis
Ice Make Refrigeration price-to-book ratio interpretation, valuation status and historical context — current P/B 8.25 (High). Explore ICEMAKE fundamental worth to estimate fundamental worth using multiple valuation models.
- Stock appears overvalued with PB of 8.25, trading at significant premium to book value
- Trading at high premium to book value - indicates strong growth expectations or asset-light business model
- Trading at premium to sector average PB of -1.41
Ice Make Refrigeration P/B Ratio Historical Trend
ICEMAKE annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. For live price, earnings yield and the full fundamental profile, see ICEMAKE screener.
ICEMAKE Historical P/B Ratio — Book Value Per Share & Year-End Price
Ice Make Refrigeration annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 8.25 | ₹83.12 | ₹685.60 | ₹133 | High |
| 2025 | 10.45 | ₹77.5 | ₹809.65 | ₹124 | High |
| 2024 | 11.5 | ₹65.0 | ₹747.65 | ₹104 | High |
| 2023 | 12.18 | ₹50.62 | ₹616.80 | ₹81 | High |
| 2022 | 6.52 | ₹38.75 | ₹252.75 | ₹62 | High |
ICEMAKE vs Capital Goods Peers — P/B Ratio Comparison
Ice Make Refrigeration P/B 8.25 vs Capital Goods average -1.41, median 0.46 — range -41.41–1.04.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| John Cockerill | COCKERILL | -41.41 | ₹4,031 | Low |
| Tarapur Transformers | TARAPUR | -13.27 | ₹25 | Low |
| Artson | ARTSON | -8.32 | ₹609 | Low |
| Incon Engineers | INCON | -5.65 | ₹12 | Low |
| Jyoti | JYOTI | -5.59 | ₹137 | Low |
| Switching Technologies G… | SWITCHTE | -5.07 | ₹31 | Low |
| Miven Machine Tools | MIVENMACH | -3.35 | ₹22 | Low |
| Mipco Seamless Rings | MPCOSEMB | -2.94 | ₹10 | Low |
| Thakral Services | THAKRAL | -1.94 | ₹18 | Low |
| HMT | HMT | -1.07 | ₹2,895 | Low |