NTPC
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The Current P/B Ratio of NTPC is 1.78.
Share Price | ₹338.0 | Oct 07,2025 |
Market Cap | ₹327,748.5 Cr | |
Book Value | ₹184,071.0 Cr | Mar2025 - Consolidated Results |
Price/Book | 1.78x | Calculated as MarketCap/Book Value |
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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 [ ₹327,748.5 Cr] as on Oct 07,2025
(/) Book Value [ ₹184,071.0 Cr] based on Mar2025 - Consolidated Results
(=) P/B Ratio [ 1.78x ]
Thus, for NTPC , the investors are currently willing to pay '1.78 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 | 1.78 | 327,748.5 |
POWER GRID CORPORATION OF INDIA LTD | 92,662.80 | 2.90 | 268,973.0 |
ADANI POWER LTD | 56,347.10 | 5.18 | 292,067.0 |
ADANI GREEN ENERGY LTD | 8,375.00 | 20.85 | 174,650.0 |
TATA POWER COMPANY LTD | 35,805.50 | 3.50 | 125,337.0 |
ADANI ENERGY SOLUTIONS LTD | 22,068.20 | 5.00 | 110,404.0 |
JSW ENERGY LTD | 27,235.20 | 3.52 | 95,821.4 |
NHPC LTD | 39,668.20 | 2.19 | 86,879.5 |
TORRENT POWER LTD | 17,615.30 | 3.55 | 62,474.0 |
SJVN LTD | 14,178.70 | 2.51 | 35,576.4 |
NLC INDIA LTD | 18,723.00 | 2.12 | 39,602.3 |
Power Generation/Distribution Industry Benchmark (Top 10) PB Analysis vs NTPC 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.78x |
Max industry PB | 20.85x |
Median industry PB | 3.50x |
Average industry PB | 4.83x |
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