NTPC
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The Current P/B Ratio of NTPC is 2.08.
| Share Price | ₹395.0 | May 15,2026 |
| Market Cap | ₹382,971.2 Cr | |
| Book Value | ₹184,071.0 Cr | Mar2025 - Consolidated Results |
| Price/Book | 2.08x | 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 [ ₹382,971.2 Cr] as on May 15,2026
(/) Book Value [ ₹184,071.0 Cr] based on Mar2025 - Consolidated Results
(=) P/B Ratio [ 2.08x ]
Thus, for NTPC , the investors are currently willing to pay '2.08 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 | 2.08 | 382,971.2 |
| POWER GRID CORPORATION OF INDIA LTD | 92,662.80 | 3.07 | 284,459.0 |
| ADANI POWER LTD | 64,936.90 | 6.57 | 426,674.0 |
| ADANI GREEN ENERGY LTD | 19,290.00 | 11.77 | 226,989.0 |
| TATA POWER COMPANY LTD | 39,467.20 | 3.30 | 130,098.0 |
| ADANI ENERGY SOLUTIONS LTD | 25,427.50 | 6.17 | 156,960.0 |
| JSW ENERGY LTD | 30,751.50 | 2.94 | 90,474.2 |
| NHPC LTD | 41,437.20 | 1.86 | 77,155.9 |
| TORRENT POWER LTD | 19,075.30 | 3.87 | 73,842.0 |
| SJVN LTD | 14,238.80 | 2.14 | 30,416.6 |
| NLC INDIA LTD | 21,524.80 | 2.28 | 48,969.1 |
Power Generation/Distribution Industry Benchmark (Top 10) PB Analysis vs NTPC 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.86x |
| Max industry PB | 11.77x |
| Median industry PB | 3.07x |
| Average industry PB | 4.19x |
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