NTPC
|
The Current P/B Ratio of NTPC is 1.70.
| Share Price | ₹322.6 | Dec 24,2025 |
| Market Cap | ₹312,815.5 Cr | |
| Book Value | ₹184,071.0 Cr | Mar2025 - 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 [ ₹312,815.5 Cr] as on Dec 24,2025
(/) Book Value [ ₹184,071.0 Cr] based on Mar2025 - 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 | 184,071.00 | 1.70 | 312,815.5 |
| POWER GRID CORPORATION OF INDIA LTD | 92,662.80 | 2.69 | 249,396.0 |
| ADANI POWER LTD | 56,347.10 | 4.90 | 276,157.0 |
| ADANI GREEN ENERGY LTD | 8,375.00 | 19.96 | 167,139.0 |
| TATA POWER COMPANY LTD | 35,805.50 | 3.39 | 121,343.0 |
| ADANI ENERGY SOLUTIONS LTD | 22,068.20 | 5.42 | 119,672.0 |
| JSW ENERGY LTD | 27,235.20 | 3.11 | 84,592.0 |
| NHPC LTD | 39,668.20 | 1.97 | 78,120.2 |
| TORRENT POWER LTD | 17,615.30 | 3.66 | 64,509.7 |
| SJVN LTD | 14,178.70 | 2.08 | 29,457.7 |
| NLC INDIA LTD | 18,723.00 | 1.85 | 34,631.2 |
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 | 19.96x |
| Median industry PB | 3.11x |
| Average industry PB | 4.61x |
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