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BHARAT ELECTRONICS
PB (Price/Book ) Ratio

The Current P/B Ratio of BHARAT ELECTRONICS is 12.51.

Share Price ₹410.4Aug 14,2026
Market Cap ₹299,994.2 Cr
Book Value₹23,988.3 CrMar2026 - Consolidated Results
Price/Book 12.51xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of BHARAT ELECTRONICS

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of BHARAT ELECTRONICS is calculated as :

Current Market Cap [ ₹299,994.2 Cr] as on Aug 14,2026

(/) Book Value [ ₹23,988.3 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 12.51x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for BHARAT ELECTRONICS , the investors are currently willing to pay '12.51 times book value' to own 1 share of the company.

PB Multiples are one of the most widely used valuation multiple in industry.

Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.

In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of BHARAT ELECTRONICS !

The chart below summarizes the trend in P/B Ratio of BHARAT ELECTRONICS over the last five years.

Historical PB (Price/Book ) ratio chart of BHARAT ELECTRONICS


PB Ratio Performance Analysis for BHARAT ELECTRONICS

- BHARAT ELECTRONICS 's latest p/b ratio is 12.51x.

- BHARAT ELECTRONICS 's p/b ratio for fiscal years ending Mar2026 to Mar2022 averaged 8.31x.

- BHARAT ELECTRONICS 's operated at median p/b ratio of 9.02x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BHARAT ELECTRONICS 's p/b ratio peaked in Mar2026 at 12.21x.

- BHARAT ELECTRONICS 's p/b ratio hit its five-year low in Mar2022 of 4.18x.


How does BHARAT ELECTRONICS 's P/B Ratio benchmark against top 10 peers in Defence Industry?

Peer Comparison (Defence Industry)Book ValuePB RatioMarket Cap
BHARAT ELECTRONICS 23,988.3012.51299,994.2
HINDUSTAN AERONAUTICS LTD41,041.108.17335,424.0
BHARAT DYNAMICS LTD4,240.9712.0951,282.1
DATA PATTERNS (INDIA) LTD1,735.9714.3624,931.1
ZEN TECHNOLOGIES LTD1,885.308.9016,780.0
APOLLO MICRO SYSTEMS LTD1,308.2211.1514,587.1
ASTRA MICROWAVE PRODUCTS LTD1,098.4715.0416,518.5
AXISCADES TECHNOLOGIES LTD727.548.696,324.5
PARAS DEFENCE AND SPACE TECHNOLOGIES LTD683.6116.2511,105.7
UNIMECH AEROSPACE AND MANUFACTURING LTD731.7610.607,753.9
AVANTEL LTD327.8612.854,212.9

Defence Industry Benchmark (Top 10) PB Analysis vs BHARAT ELECTRONICS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 8.17x
Max industry PB 16.25x
Median industry PB 12.09x
Average industry PB 11.87x



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