Larsen & Toubro P/B Ratio
Larsen & Toubro P/B ratio. Larsen & Toubro (LT) P/B ratio is 4.75 (High), book value per share ₹4673.85 vs Construction average P/B of -0.2 — Very High - Significant premium, high growth expectations or speculative. Analyse Larsen & Toubro ownership pattern to track promoter, FII and institutional holdings.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
LT P/B Ratio — Valuation Insights & Book Value Analysis
Larsen & Toubro price-to-book ratio interpretation, valuation status and historical context — current P/B 4.75 (High). View LT 52-week performance for the annual high/low range and current price position.
- Stock appears overvalued with PB of 4.75, 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 453.6% above historical average
- Trading at premium to sector average PB of -0.2
Larsen & Toubro P/B Ratio Historical Trend
LT 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 LT share price.
LT Historical P/B Ratio — Book Value Per Share & Year-End Price
Larsen & Toubro 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 | 0.78 | ₹4673.85 | ₹3625.10 | ₹128,531 | Low |
| 2025 | 0.97 | ₹4196.51 | ₹4083.50 | ₹115,404 | Low |
| 2024 | 0.97 | ₹3729.09 | ₹3607.65 | ₹102,550 | Low |
| 2023 | 0.96 | ₹3685.66 | ₹3526.00 | ₹103,567 | Low |
| 2022 | 0.61 | ₹3394.09 | ₹2085.80 | ₹95,374 | Low |
LT vs Construction Peers — P/B Ratio Comparison
Larsen & Toubro P/B 4.75 vs Construction average -0.2, median 0.4 — range -8.4–0.64.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Anand Projects | ANANDPROJ | -8.4 | ₹4 | Low |
| Shiva Cement | SHIVACEM | -5.91 | ₹375 | Low |
| Hemadri Cements | HEMACEM | -3.9 | ₹33 | Low |
| Refex Renewables Infrast… | REFEXRENEW | -2.19 | ₹143 | Low |
| Sadbhav Engineering | SADBHAV | -1.25 | ₹135 | Low |
| Sri Chakra Cement Limited | SRICC | -0.91 | ₹30 | Low |
| BGR Energy Systems | BGRENERGY | -0.6 | ₹1,681 | Low |
| Triveni Glass | TRIVENIGQ | -0.58 | ₹9 | Low |
| Vardhman Concrete | VARDHMAN | -0.42 | ₹5 | Low |
| Panyam Cements & Mineral… | PANCM | -0.37 | ₹87 | Low |