Bharat Dynamics P/B Ratio
Bharat Dynamics (BDL) P/B ratio is 10.37 (High), book value per share ₹231.75 vs Aerospace & Defense average P/B of 10.17 — Very High - Significant premium, high growth expectations or speculative. View BDL 52-week high low for the annual high/low range and current price position.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
BDL P/B Ratio — Valuation Insights & Book Value Analysis
Bharat Dynamics price-to-book ratio interpretation, valuation status and historical context — current P/B 10.37 (High). For live price, earnings yield and the full fundamental profile, see Bharat Dynamics screener.
- Stock appears overvalued with PB of 10.37, 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 99.4% above historical average
Bharat Dynamics P/B Ratio Historical Trend
BDL 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. Compare with BDL stock valuation models to assess whether the stock is under or overvalued.
BDL Historical P/B Ratio — Book Value Per Share & Year-End Price
Bharat Dynamics 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 | 5.93 | ₹231.75 | ₹1373.40 | ₹4,241 | High |
| 2025 | 6.69 | ₹219.07 | ₹1466.50 | ₹4,009 | High |
| 2024 | 5.65 | ₹198.74 | ₹1122.85 | ₹3,637 | High |
| 2023 | 4.88 | ₹175.52 | ₹856.20 | ₹3,212 | High |
| 2022 | 2.85 | ₹165.63 | ₹472.05 | ₹3,031 | Moderate |
BDL vs Aerospace & Defense Peers — P/B Ratio Comparison
Bharat Dynamics P/B 10.37 vs Aerospace & Defense average 10.17, median 9.47 — range 0.69–26.78.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Rossell | ROSSELLIND | 0.69 | ₹340 | Low |
| DCX Systems | DCXINDIA | 1.35 | ₹2,097 | Moderate |
| Jaykay Enterprises | JAYKAY | 3.27 | ₹2,331 | High |
| Taneja Aerospace & Aviat… | TANAA | 4.48 | ₹710 | High |
| TechEra Engineering | TECHERA | 5.08 | ₹281 | High |
| Mishra Dhatu Nigam | MIDHANI | 5.32 | ₹8,225 | High |
| CFF Fluid Control | CFF | 5.84 | ₹1,577 | High |
| NIBE | NIBE | 6.21 | ₹2,380 | High |
| Ideaforge Technology | IDEAFORGE | 6.32 | ₹3,930 | High |
| Hindustan Aeronautics | HAL | 6.83 | ₹284,617 | High |