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OIL & NATURAL GAS CORPORATION
PB (Price/Book ) Ratio

The Current P/B Ratio of OIL & NATURAL GAS CORPORATION is 0.93.

Share Price ₹254.3Feb 01,2026
Market Cap ₹319,917.0 Cr
Book Value₹343,440.0 CrMar2025 - Consolidated Results
Price/Book 0.93xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of OIL & NATURAL GAS CORPORATION

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of OIL & NATURAL GAS CORPORATION is calculated as :

Current Market Cap [ ₹319,917.0 Cr] as on Feb 01,2026

(/) Book Value [ ₹343,440.0 Cr] based on Mar2025 - Consolidated Results

(=) P/B Ratio [ 0.93x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for OIL & NATURAL GAS CORPORATION , the investors are currently willing to pay '0.93 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 OIL & NATURAL GAS CORPORATION !

The chart below summarizes the trend in P/B Ratio of OIL & NATURAL GAS CORPORATION over the last five years.

Historical PB (Price/Book ) ratio chart of OIL & NATURAL GAS CORPORATION


PB Ratio Performance Analysis for OIL & NATURAL GAS CORPORATION

- OIL & NATURAL GAS CORPORATION 's latest p/b ratio is 0.93x.

- OIL & NATURAL GAS CORPORATION 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged 0.79x.

- OIL & NATURAL GAS CORPORATION 's operated at median p/b ratio of 0.79x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, OIL & NATURAL GAS CORPORATION 's p/b ratio peaked in Mar2024 at 0.99x.

- OIL & NATURAL GAS CORPORATION 's p/b ratio hit its five-year low in Mar2021 of 0.58x.


How does OIL & NATURAL GAS CORPORATION 's P/B Ratio benchmark against top 10 peers in Oil Exploration Industry?

Peer Comparison (Oil Exploration Industry)Book ValuePB RatioMarket Cap
OIL & NATURAL GAS CORPORATION 343,440.000.93319,917.0
OIL INDIA LTD49,767.701.6481,574.4
DEEP INDUSTRIES LTD1,819.601.292,342.1
HINDUSTAN OIL EXPLORATION COMPANY LTD1,321.261.562,065.0
JINDAL DRILLING & INDUSTRIES LTD1,588.200.871,376.0
ASIAN ENERGY SERVICES LTD357.713.111,112.6
SELAN EXPLORATION TECHNOLOGY LTD466.134.011,869.8
GUJARAT NATURAL RESOURCES LTD149.7610.281,539.4
ABAN OFFSHORE LTD-25,402.00-0.01127.4

Oil Exploration Industry Benchmark (Top 10) PB Analysis vs OIL & NATURAL GAS CORPORATION 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.01x
Max industry PB 10.28x
Median industry PB 1.56x
Average industry PB 2.63x



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