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

The Current P/B Ratio of OIL & NATURAL GAS CORPORATION is 0.83.

Share Price ₹246.2Jun 19,2026
Market Cap ₹309,727.0 Cr
Book Value₹371,768.0 CrMar2026 - Consolidated Results
Price/Book 0.83xCalculated 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 [ ₹309,727.0 Cr] as on Jun 19,2026

(/) Book Value [ ₹371,768.0 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 0.83x ]

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 '0.83 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 0.83x.

- 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 371,768.000.83309,727.0
OIL INDIA LTD57,998.401.1768,000.3
DEEP INDUSTRIES LTD1,999.161.563,113.0
HINDUSTAN OIL EXPLORATION COMPANY LTD1,384.711.552,152.3
JINDAL DRILLING & INDUSTRIES LTD1,834.720.921,682.4
ASIAN ENERGY SERVICES LTD494.153.621,789.6
GUJARAT NATURAL RESOURCES LTD208.306.291,310.4
ABAN OFFSHORE LTD-25,402.000.0085.2

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 0.00x
Max industry PB 6.29x
Median industry PB 1.55x
Average industry PB 1.99x



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