NTPC
|
The Current P/B Ratio of NTPC is 1.78.
| Share Price | ₹338.7 | Jan 21,2026 |
| Market Cap | ₹328,378.7 Cr | |
| Book Value | ₹184,071.0 Cr | Mar2025 - Consolidated Results |
| Price/Book | 1.78x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of NTPC
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹328,378.7 Cr] as on Jan 21,2026
(/) Book Value [ ₹184,071.0 Cr] based on Mar2025 - Consolidated Results
(=) P/B Ratio [ 1.78x ]
Thus, for NTPC , the investors are currently willing to pay '1.78 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 NTPC !
The chart below summarizes the trend in P/B Ratio of NTPC over the last five years.
Historical PB (Price/Book ) ratio chart of NTPC
PB Ratio Performance Analysis for NTPC
- NTPC 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged 1.37x.
- NTPC 's operated at median p/b ratio of 1.16x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NTPC 's p/b ratio peaked in Mar2024 at 2.03x.
- NTPC 's p/b ratio hit its five-year low in Mar2021 of 0.82x.
How does NTPC 's P/B Ratio benchmark against top 10 peers in Power Generation/Distribution Industry?
| Peer Comparison (Power Generation/Distribution Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| NTPC | 184,071.00 | 1.78 | 328,378.7 |
| POWER GRID CORPORATION OF INDIA LTD | 92,662.80 | 2.61 | 241,397.0 |
| ADANI POWER LTD | 56,347.10 | 4.82 | 271,528.0 |
| ADANI GREEN ENERGY LTD | 8,375.00 | 17.79 | 148,971.0 |
| TATA POWER COMPANY LTD | 35,805.50 | 3.14 | 112,524.0 |
| ADANI ENERGY SOLUTIONS LTD | 22,068.20 | 5.04 | 111,119.0 |
| JSW ENERGY LTD | 27,235.20 | 3.26 | 88,846.8 |
| NHPC LTD | 39,668.20 | 1.96 | 77,808.8 |
| TORRENT POWER LTD | 17,615.30 | 3.78 | 66,669.0 |
| SJVN LTD | 14,178.70 | 2.01 | 28,498.9 |
| NLC INDIA LTD | 18,723.00 | 1.85 | 34,548.1 |
Power Generation/Distribution Industry Benchmark (Top 10) PB Analysis vs NTPC 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.78x |
| Max industry PB | 17.79x |
| Median industry PB | 3.14x |
| Average industry PB | 4.37x |
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