Ashok Leyland Limited, together with its subsidiaries, manufactures and sells commercial vehicles in India and internationally. The company offers city, inter-city, school and college, staff, tourist, stage carrier, and airport shuttle buses; haulage and ICV distribution trucks, as well as tractors and tippers; light and small commercial vehicles, goods carriers, and passenger vehicles; and defense vehicles comprising logistics, high mobility, armored, light tactical, tracked, and simulator vehicles. It also provides power solutions, such as diesel generators, agriculture engines, industrial engines, and marine engines; spare parts, including trailer axle and suspension, repair, and retro fitment kits; and vehicle and housing financing services. In addition, the company trades in commercial vehicles; offers manpower supply services and air chartering services; provides IT services; and driver training services, as well as manufactures forgings and castings. Further, it operates retail stores; and LeyKart, an e-commerce store for spare parts. The company was incorporated in 1948 and is headquartered in Chennai, India. Ashok Leyland Limited is a subsidiary of Hinduja Automotive Limited.
P/B ratio for Ashok Leyland Limited (ASHOKLEY.NS)
P/B ratio as of 2023: 5.69
According to Ashok Leyland Limited's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 5.69. At the end of 2022 the company had a P/B ratio of 4.78.
P/B ratio history for Ashok Leyland Limited from 2004 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 5.69 |
| 2022 | 4.78 |
| 2021 | 4.71 |
| 2020 | 4.24 |
| 2019 | 1.62 |
| 2018 | 3.03 |
| 2017 | 5.84 |
| 2016 | 3.82 |
| 2015 | 6.19 |
| 2014 | 4.55 |
| 2013 | 1.58 |
| 2012 | 1.32 |
| 2011 | 1.92 |
| 2010 | 1.91 |
| 2009 | 2.02 |
| 2008 | 0.69 |
| 2007 | 2.19 |
| 2006 | 2.64 |
| 2005 | 3.40 |
| 2004 | 2.14 |