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NMDC
PB (Price/Book ) Ratio

The Current P/B Ratio of NMDC is 1.94.

Share Price ₹75.0Oct 01,2026
Market Cap ₹65,938.5 Cr
Book Value₹34,062.3 CrMar2026 - Consolidated Results
Price/Book 1.94xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of NMDC

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 NMDC is calculated as :

Current Market Cap [ ₹65,938.5 Cr] as on Oct 01,2026

(/) Book Value [ ₹34,062.3 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 1.94x ]

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

Thus, for NMDC , the investors are currently willing to pay '1.94 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 NMDC !

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

Historical PB (Price/Book ) ratio chart of NMDC


PB Ratio Performance Analysis for NMDC

- NMDC 's latest p/b ratio is 1.94x.

- NMDC 's p/b ratio for fiscal years ending Mar2026 to Mar2022 averaged 2.08x.

- NMDC 's operated at median p/b ratio of 2.04x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NMDC 's p/b ratio peaked in Mar2022 at 2.64x.

- NMDC 's p/b ratio hit its five-year low in Mar2023 of 1.45x.


How does NMDC 's P/B Ratio benchmark against top 10 peers in Mining & Minerals Industry?

Peer Comparison (Mining & Minerals Industry)Book ValuePB RatioMarket Cap
NMDC 34,062.301.9465,938.5
COAL INDIA LTD119,102.002.18259,759.0
KIOCL LTD1,736.2311.3919,767.1
GUJARAT MINERAL DEVELOPMENT CORPORATION LTD7,072.742.1915,512.0
SANDUR MANGANESE & IRON ORES LTD3,253.682.668,647.8
MOIL LTD2,709.251.744,725.9
ASHAPURA MINECHEM LTD1,649.302.844,680.3
DECCAN GOLD MINES LTD483.928.133,933.0
THE ORISSA MINERALS DEVELOPMENT COMPANY LTD-54.64-39.002,130.8
20 MICRONS LTD483.621.52735.2
ASI INDUSTRIES LTD286.640.71204.2

Mining & Minerals Industry Benchmark (Top 10) PB Analysis vs NMDC 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -39.00x
Max industry PB 11.39x
Median industry PB 2.18x
Average industry PB -0.34x



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