Mahanagar Telephone Nigam P/B Ratio
Current P/B Ratio
-0.05
Low Valuation
Very Low - Significant discount to book value, potential distress or value opportunity
Mahanagar Telephone Nigam P/B ratio. Mahanagar Telephone Nigam (MTNL) P/B ratio is -0.05 (Low), book value per share ₹-475.56 vs Telecom average P/B of 3.95 — Very Low - Significant discount to book value, potential distress or value opportunity. View MTNL 52-week chart for the annual high/low range and current price position.
Current Valuation Metrics
P/B Ratio
-0.05
Current Price
₹23.19
Book Value/Share
₹-475.56
Exchange
NSE
Book Value Breakdown (2026)
Balance Sheet Components
Total Equity
₹-29,960 Cr
Share Capital
₹630 Cr
Reserves & Surplus
₹-30,590 Cr
Outstanding Shares
630,000,000
Book Value per Share
₹-475.56
Valuation Signal
Signal
Undervalued
Sector Context
Sector Average
3.95
Sector Median
2.55
Sector Rank
#7 of 43
Sector Percentile
16.3%
MTNL P/B Ratio — Valuation Insights & Book Value Analysis
Mahanagar Telephone Nigam price-to-book ratio interpretation, valuation status and historical context — current P/B -0.05 (Low). For live price, earnings yield and the full fundamental profile, see Mahanagar Telephone Nigam share price chart.
- Stock appears undervalued with PB of -0.05, trading below book value
- Trading below book value - potential value opportunity or financial distress signal
- Trading at discount to sector average PB of 3.95
MTNL vs Telecom Peers — P/B Ratio Comparison
Mahanagar Telephone Nigam P/B -0.05 vs Telecom average 3.95, median 2.55 — range -4.32–18.93.
Sector Average
3.95
Sector Median
2.55
Lowest P/B
-4.32
Highest P/B
18.93
Companies
43
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Vodafone Idea | IDEA | -4.32 | ₹145,938 | Low |
| City Online Services | CITYONLINE | -3.92 | ₹4 | Low |
| Aksh Optifibre | AKSHOPTFBR | -3.58 | ₹114 | Low |
| Tamilnadu Telecommunicat… | TNTELE | -0.3 | ₹53 | Low |
| GTL Infrastructure | GTLINFRA | -0.25 | ₹1,358 | Low |
| Tata Teleservices Mahara… | TTML | -0.24 | ₹7,075 | Low |
| GTL | GTL | -0.02 | ₹107 | Low |
| Quadrant Televentures | QUADRANT | -0.01 | ₹22 | Low |
| Reliance Communications | RCOM | 0.0 | ₹246 | Low |
| UNIINFO Telecom Services | UNIINFO | 0.37 | ₹12 | Low |