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INFOSYS
PB (Price/Book ) Ratio

The Current P/B Ratio of INFOSYS is 5.22.

Share Price ₹1,174.4May 22,2026
Market Cap ₹476,301.4 Cr
Book Value₹91,314.0 CrMar2026 - Consolidated Results
Price/Book 5.22xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of INFOSYS

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 INFOSYS is calculated as :

Current Market Cap [ ₹476,301.4 Cr] as on May 22,2026

(/) Book Value [ ₹91,314.0 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 5.22x ]

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

Thus, for INFOSYS , the investors are currently willing to pay '5.22 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 INFOSYS !

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

Historical PB (Price/Book ) ratio chart of INFOSYS


PB Ratio Performance Analysis for INFOSYS

- INFOSYS 's latest p/b ratio is 5.22x.

- INFOSYS 's p/b ratio for fiscal years ending Mar2026 to Mar2022 averaged 7.63x.

- INFOSYS 's operated at median p/b ratio of 7.12x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INFOSYS 's p/b ratio peaked in Mar2022 at 10.7x.

- INFOSYS 's p/b ratio hit its five-year low in Mar2026 of 5.55x.


How does INFOSYS 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Book ValuePB RatioMarket Cap
INFOSYS 91,314.005.22476,301.4
TATA CONSULTANCY SERVICES LTD107,240.007.82838,401.0
HCL TECHNOLOGIES LTD75,165.004.20315,803.0
WIPRO LTD87,744.802.43213,301.0
TECH MAHINDRA LTD29,615.404.70139,330.0
LTM LTD23,868.204.98118,921.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD7,826.5010.6082,928.8
PERSISTENT SYSTEMS LTD7,837.8510.0178,420.7
COFORGE LTD9,537.606.4461,378.6
MPHASIS LTD10,548.704.0242,430.2
L&T TECHNOLOGY SERVICES LTD6,411.605.6636,285.5

IT - Software Industry Benchmark (Top 10) PB Analysis vs INFOSYS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.43x
Max industry PB 10.60x
Median industry PB 5.22x
Average industry PB 6.01x



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