Bharat Dynamics P/B Ratio
Bharat Dynamics (BDL) P/B ratio is 12.11 (High), book value per share ₹219.07 vs Aerospace & Defense average P/B of 10.34 — Very High - Significant premium, high growth expectations or speculative. For live price, earnings yield and the full fundamental profile, see BDL company profile.
Current Valuation Metrics
Book Value Breakdown (2025)
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 12.11 (High).
- Stock appears overvalued with PB of 12.11, 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 182.9% above historical average
- Trading at premium to sector average PB of 10.34
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. Browse BDL cash flow statement for revenue, profit, balance sheet and cash flow data.
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 |
|---|---|---|---|---|---|
| 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 |
| 2021 | 1.33 | ₹146.72 | ₹194.80 | ₹2,685 | Moderate |
BDL vs Aerospace & Defense Peers — P/B Ratio Comparison
Bharat Dynamics P/B 12.11 vs Aerospace & Defense average 10.34, median 8.64 — range 0.71–27.04.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Rossell | ROSSELLIND | 0.71 | ₹350 | Low |
| DCX Systems | DCXINDIA | 1.55 | ₹2,250 | Moderate |
| Ideaforge Technology | IDEAFORGE | 4.32 | ₹2,569 | High |
| Taneja Aerospace & Aviat… | TANAA | 4.69 | ₹708 | High |
| Jaykay Enterprises | JAYKAY | 4.93 | ₹2,373 | High |
| Mishra Dhatu Nigam | MIDHANI | 4.96 | ₹7,368 | High |
| NIBE | NIBE | 5.76 | ₹1,598 | High |
| TechEra Engineering | TECHERA | 7.01 | ₹343 | High |
| CFF Fluid Control | CFF | 7.27 | ₹1,752 | High |
| Aequs | AEQUS | 7.73 | ₹12,904 | High |