NTPC
|
The Current P/B Ratio of NTPC is 1.70.
| Share Price | ₹357.0 | Jun 24,2026 |
| Market Cap | ₹346,172.2 Cr | |
| Book Value | ₹203,176.0 Cr | Mar2026 - Consolidated Results |
| Price/Book | 1.70x | 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 [ ₹346,172.2 Cr] as on Jun 24,2026
(/) Book Value [ ₹203,176.0 Cr] based on Mar2026 - Consolidated Results
(=) P/B Ratio [ 1.70x ]
Thus, for NTPC , the investors are currently willing to pay '1.70 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 | 203,176.00 | 1.70 | 346,172.2 |
| ADANI POWER LTD | 64,936.90 | 6.83 | 443,259.0 |
| POWER GRID CORPORATION OF INDIA LTD | 92,662.80 | 2.92 | 270,462.0 |
| ADANI GREEN ENERGY LTD | 19,290.00 | 13.03 | 251,268.0 |
| ADANI ENERGY SOLUTIONS LTD | 25,427.50 | 7.07 | 179,742.0 |
| TATA POWER COMPANY LTD | 39,386.40 | 3.19 | 125,529.0 |
| JSW ENERGY LTD | 29,947.80 | 3.51 | 105,260.0 |
| NTPC GREEN ENERGY LTD | 18,965.20 | 4.21 | 79,797.3 |
| NHPC LTD | 41,437.20 | 1.92 | 79,657.1 |
| TORRENT POWER LTD | 19,075.30 | 3.81 | 72,657.9 |
| NLC INDIA LTD | 21,524.80 | 2.10 | 45,135.0 |
Power Generation/Distribution Industry Benchmark (Top 10) PB Analysis vs NTPC 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.70x |
| Max industry PB | 13.03x |
| Median industry PB | 3.51x |
| Average industry PB | 4.57x |
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