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POWER GRID CORPORATION OF INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of POWER GRID CORPORATION OF INDIA is 3.26.

Share Price ₹290.6Apr 24,2024
Market Cap ₹270,228.9 Cr
Book Value₹83,014.5 CrMar2023 - Consolidated Results
Price/Book 3.26xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of POWER GRID CORPORATION OF INDIA

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 POWER GRID CORPORATION OF INDIA is calculated as :

Current Market Cap [ ₹270,228.9 Cr] as on Apr 24,2024

(/) Book Value [ ₹83,014.5 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 3.26x ]

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

Thus, for POWER GRID CORPORATION OF INDIA , the investors are currently willing to pay '3.26 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 POWER GRID CORPORATION OF INDIA !

The chart below summarizes the trend in P/B Ratio of POWER GRID CORPORATION OF INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of POWER GRID CORPORATION OF INDIA


PB Ratio Performance Analysis for POWER GRID CORPORATION OF INDIA

- POWER GRID CORPORATION OF INDIA 's latest p/b ratio is 3.26x.

- POWER GRID CORPORATION OF INDIA 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.71x.

- POWER GRID CORPORATION OF INDIA 's operated at median p/b ratio of 1.75x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, POWER GRID CORPORATION OF INDIA 's p/b ratio peaked in Mar2022 at 1.98x.

- POWER GRID CORPORATION OF INDIA 's p/b ratio hit its five-year low in Mar2020 of 1.29x.


How does POWER GRID CORPORATION OF INDIA 's P/B Ratio benchmark against top 10 peers in Power Generation/Distribution Industry?

Peer Comparison (Power Generation/Distribution Industry)Book ValuePB RatioMarket Cap
POWER GRID CORPORATION OF INDIA 83,014.503.26270,228.9
NTPC LTD147,023.002.32340,886.0
ADANI GREEN ENERGY LTD5,880.0048.71286,425.0
ADANI POWER LTD29,875.707.70229,931.0
TATA POWER COMPANY LTD28,787.404.75136,872.0
ADANI ENERGY SOLUTIONS LTD11,662.4010.02116,814.0
NHPC LTD36,899.302.4690,636.4
JSW ENERGY LTD18,563.705.66105,067.0
TORRENT POWER LTD11,010.006.6172,813.4
SJVN LTD13,859.503.6850,949.8
NLC INDIA LTD15,168.802.1232,204.6

Power Generation/Distribution Industry Benchmark (Top 10) PB Analysis vs POWER GRID CORPORATION OF INDIA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.12x
Max industry PB 48.71x
Median industry PB 4.75x
Average industry PB 8.84x



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