Bharat Electronics P/B Ratio
Bharat Electronics P/B ratio. Bharat Electronics (BEL) P/B ratio is 11.81 (High), book value per share ₹328.41 vs Aerospace & Defense average P/B of 11.0 — Very High - Significant premium, high growth expectations or speculative. View BEL yearly price range for the annual high/low range and current price position.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
BEL P/B Ratio — Valuation Insights & Book Value Analysis
Bharat Electronics price-to-book ratio interpretation, valuation status and historical context — current P/B 11.81 (High). Analyse BEL promoter holding to track promoter, FII and institutional holdings.
- Stock appears overvalued with PB of 11.81, trading at significant premium to book value
- Trading at high premium to book value - indicates strong growth expectations or asset-light business model
- Current PB is 1067.0% above historical average
Bharat Electronics P/B Ratio Historical Trend
BEL annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. For live price, earnings yield and the full fundamental profile, see BEL share price screener.
BEL Historical P/B Ratio — Book Value Per Share & Year-End Price
Bharat Electronics annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 1.12 | ₹328.41 | ₹367.30 | ₹24,007 | Moderate |
| 2025 | 1.46 | ₹273.5 | ₹399.60 | ₹19,993 | Moderate |
| 2024 | 1.31 | ₹223.58 | ₹293.15 | ₹16,344 | Moderate |
| 2023 | 0.97 | ₹189.86 | ₹184.20 | ₹13,879 | Low |
| 2022 | 0.2 | ₹504.18 | ₹99.90 | ₹12,302 | Low |
BEL vs Aerospace & Defense Peers — P/B Ratio Comparison
Bharat Electronics P/B 11.81 vs Aerospace & Defense average 11.0, median 9.44 — range 0.63–39.15.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Rossell | ROSSELLIND | 0.63 | ₹313 | Low |
| Ideaforge Technology | IDEAFORGE | 0.77 | ₹3,596 | Low |
| DCX Systems | DCXINDIA | 1.16 | ₹1,785 | Moderate |
| Jaykay Enterprises | JAYKAY | 4.29 | ₹3,432 | High |
| TechEra Engineering | TECHERA | 4.82 | ₹257 | High |
| NIBE | NIBE | 5.18 | ₹1,893 | High |
| Mishra Dhatu Nigam | MIDHANI | 5.38 | ₹8,662 | High |
| Taneja Aerospace & Aviat… | TANAA | 5.58 | ₹827 | High |
| Zen Technologies | ZENTEC | 7.52 | ₹14,442 | High |
| Hindustan Aeronautics | HAL | 7.61 | ₹322,082 | High |