Force Motors Limited, an integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India. It provides light commercial vehicles, including passenger carriers, school buses, ambulances, and goods carriers; multi-utility vehicles; small commercial vehicles; special vehicles; and agricultural tractors. The company sells its products under the Traveller Monobus, Traveller, TRAX, Gurkha, Balwan, and Kargo King brands. It also exports its products to various countries in the Middle East, Asia, Latin America, and Africa. The company was incorporated in 1958 and is based in Pune, India. Force Motors Limited is a subsidiary of Jaya Hind Industries Private Limited.
P/B ratio for Force Motors Limited (FORCEMOT.NS)
P/B ratio as of 2023: 4.41
According to Force Motors Limited's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 4.41. At the end of 2022 the company had a P/B ratio of 0.82.
P/B ratio history for Force Motors Limited from 2004 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 4.41 |
| 2022 | 0.82 |
| 2021 | 0.77 |
| 2020 | 0.84 |
| 2019 | 0.49 |
| 2018 | 0.89 |
| 2017 | 0.95 |
| 2016 | 1.03 |
| 2015 | 1.16 |
| 2014 | 1.30 |
| 2013 | 1.40 |
| 2012 | 1.49 |
| 2011 | 1.50 |
| 2010 | 5.14 |
| 2009 | 6.06 |
| 2008 | 4.98 |
| 2007 | 121.32 |
| 2006 | 10.48 |
| 2005 | 7.63 |
| 2004 | 8.81 |