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NTPC
PE (Price/Earnings) Ratio

The Current P/E Ratio of NTPC is 12.64.

Share Price ₹354.0Jun 12,2026
Market Cap ₹343,214.7 Cr
Earnings-TTM₹27,145.9 CrTTM-Consolidated Results
Price/Earnings12.64xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NTPC

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

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of NTPC is calculated as :

Current Market Cap [ ₹343,214.7 Cr] as on Jun 12,2026

(/) Earnings [ ₹27,145.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 12.64x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for NTPC , the investors are currently willing to pay 12.64 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of NTPC !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of NTPC over the last five years.

Historical PE (Price/Earnings) ratio chart of NTPC


PE Ratio Performance Analysis for NTPC

- NTPC 's latest p/e ratio is 12.64x.

- NTPC 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 11.08x.

- NTPC 's operated at median p/e ratio of 10.05x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NTPC 's p/e ratio peaked in Mar2024 at 15.65x.

- NTPC 's p/e ratio hit its five-year low in Mar2021 of 7.05x.


How does NTPC 's P/E Ratio benchmark against top 10 peers in Power Generation/Distribution Industry?

Peer Comparison (Power Generation/Distribution Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NTPC 27,145.9012.64343,214.7
ADANI POWER LTD12,971.1033.14429,856.0
POWER GRID CORPORATION OF INDIA LTD18,834.7014.06264,881.0
ADANI GREEN ENERGY LTD1,570.00155.81244,622.0
ADANI ENERGY SOLUTIONS LTD2,343.1376.25178,655.0
TATA POWER COMPANY LTD4,409.6928.52125,769.0
JSW ENERGY LTD2,750.6837.30102,602.0
NTPC GREEN ENERGY LTD501.50165.3382,915.1
NHPC LTD3,234.6222.9174,102.2
TORRENT POWER LTD2,469.3628.4270,171.1
NLC INDIA LTD3,769.1911.6343,838.5

Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs NTPC 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 11.63x
Max industry PE 165.33x
Median industry PE 28.52x
Average industry PE 53.27x



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