NTPC
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The Current P/B Ratio of NTPC is 1.62.
| Share Price | ₹340.1 | Aug 21,2026 |
| Market Cap | ₹329,736.3 Cr | |
| Book Value | ₹203,176.0 Cr | Mar2026 - Consolidated Results |
| Price/Book | 1.62x | 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 [ ₹329,736.3 Cr] as on Aug 21,2026
(/) Book Value [ ₹203,176.0 Cr] based on Mar2026 - Consolidated Results
(=) P/B Ratio [ 1.62x ]
Thus, for NTPC , the investors are currently willing to pay '1.62 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 Mar2026 to Mar2022 averaged 1.56x.
- NTPC 's operated at median p/b ratio of 1.77x 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 Mar2022 of 0.97x.
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 | 203,176.00 | 1.62 | 329,736.3 |
| ADANI POWER LTD | 64,936.90 | 6.09 | 395,336.0 |
| POWER GRID CORPORATION OF INDIA LTD | 100,494.00 | 2.52 | 253,255.0 |
| ADANI GREEN ENERGY LTD | 19,290.00 | 11.24 | 216,768.0 |
| ADANI ENERGY SOLUTIONS LTD | 25,427.50 | 7.36 | 187,247.0 |
| TATA POWER COMPANY LTD | 39,386.40 | 3.04 | 119,777.0 |
| JSW ENERGY LTD | 29,947.80 | 3.34 | 100,108.0 |
| NTPC GREEN ENERGY LTD | 18,965.20 | 4.06 | 76,957.7 |
| NHPC LTD | 41,437.20 | 1.85 | 76,543.2 |
| TORRENT POWER LTD | 19,075.30 | 3.30 | 62,872.1 |
| NLC INDIA LTD | 21,524.80 | 1.74 | 37,390.7 |
Power Generation/Distribution Industry Benchmark (Top 10) PB Analysis vs NTPC 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.62x |
| Max industry PB | 11.24x |
| Median industry PB | 3.30x |
| Average industry PB | 4.20x |
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