Adani Power P/B Ratio

ADANIPOWER • Price-to-Book ratio analysis and book value breakdown
Current P/B Ratio
4.73
High Valuation
Very High - Significant premium, high growth expectations or speculative

Current Valuation Metrics

P/B Ratio 4.73
Current Price ₹146.20
Book Value/Share ₹149.53
Exchange NSE

Book Value Breakdown (2025)

Balance Sheet Components
Total Equity ₹57,674 Cr
Share Capital ₹3,857 Cr
Reserves & Surplus ₹46,572 Cr
Outstanding Shares 3,857,000,000
Book Value per Share ₹149.53

Valuation Signal

Signal Overvalued
Historical Avg 4.32
Historical Range 0.96 - 6.78
Percentile 40.0%

Sector Context

Sector Average 0.08
Sector Median 1.86
Sector Rank #11 of 43
Sector Percentile 25.6%

Key P/B Ratio Insights for Adani Power

  • Stock appears overvalued with PB of 4.73, trading at significant premium to book value
  • Trading at high premium to book value - indicates strong growth expectations or asset-light business model
  • Trading at premium to sector average PB of 0.08

View the current stock price of Adani Power for more insights.

P/B Ratio Historical Trend for Adani Power

Historical P/B ratio trend based on balance sheet data. P/B below 1.0 may indicate undervaluation, while higher ratios suggest growth expectations or asset-light business models.

Historical P/B Ratio Data

Year P/B Ratio Book Value/Share (₹) Year-end Price (₹) Total Equity (₹ Cr) Valuation
2025 0.96 ₹149.53 ₹142.99 ₹57,674 Low
2024 4.73 ₹111.86 ₹529.45 ₹43,145 High
2023 6.78 ₹77.46 ₹525.15 ₹29,876 High
2022 6.18 ₹48.49 ₹299.55 ₹18,703 High
2021 2.93 ₹34.0 ₹99.70 ₹13,113 Moderate

Sector P/B Ratio Comparison

Comparing Adani Power with other companies in Power sector
Sector Average
0.08
Sector Median
1.86
Lowest P/B
-126.23
Highest P/B
16.77
Companies
43
Company Symbol P/B Ratio Market Cap (₹ Cr) Valuation
Waaree Technologies WAAREE -126.23 ₹240 Low
SRM Energy SRMENERGY -0.33 ₹15 Low
Veer Energy & Infrastruc… VEERENRGY 0.31 ₹20 Low
Reliance Infrastructure RELINFRA 0.35 ₹5,986 Low
Advance Metering Tech AMTL 0.39 ₹38 Low
Emkay Tap & Cut. Tool EMKAYTOOLS 0.4 ₹121 Low
Waa Solar WAA 0.49 ₹91 Low
IND Renewable Energy INDRENEW 0.64 ₹17 Low
Indowind Energy INDOWIND 0.69 ₹227 Low
Gujarat Industries Power… GIPCL 0.69 ₹2,443 Low