NTPC
|
The Current P/B Ratio of NTPC is 1.74.
| Share Price | ₹364.7 | Jun 23,2026 |
| Market Cap | ₹353,638.6 Cr | |
| Book Value | ₹203,176.0 Cr | Mar2026 - Consolidated Results |
| Price/Book | 1.74x | 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 [ ₹353,638.6 Cr] as on Jun 23,2026
(/) Book Value [ ₹203,176.0 Cr] based on Mar2026 - Consolidated Results
(=) P/B Ratio [ 1.74x ]
Thus, for NTPC , the investors are currently willing to pay '1.74 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 | 1.74 | 353,638.6 |
| ADANI POWER LTD | 64,936.90 | 6.92 | 449,141.0 |
| POWER GRID CORPORATION OF INDIA LTD | 92,662.80 | 2.93 | 271,810.0 |
| ADANI GREEN ENERGY LTD | 19,290.00 | 12.91 | 249,004.0 |
| ADANI ENERGY SOLUTIONS LTD | 25,427.50 | 7.06 | 179,502.0 |
| TATA POWER COMPANY LTD | 39,386.40 | 3.23 | 127,270.0 |
| JSW ENERGY LTD | 29,947.80 | 3.48 | 104,123.0 |
| NTPC GREEN ENERGY LTD | 18,965.20 | 4.26 | 80,766.4 |
| NHPC LTD | 41,437.20 | 1.89 | 78,180.5 |
| TORRENT POWER LTD | 19,075.30 | 3.85 | 73,353.2 |
| NLC INDIA LTD | 21,524.80 | 2.11 | 45,343.0 |
Power Generation/Distribution Industry Benchmark (Top 10) PB Analysis vs NTPC 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.74x |
| Max industry PB | 12.91x |
| Median industry PB | 3.48x |
| Average industry PB | 4.58x |
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