Bharat Electronics P/B Ratio
BEL • Price-to-Book ratio analysis and book value breakdown
Current P/B Ratio
14.76
High Valuation
Very High - Significant premium, high growth expectations or speculative
Current Valuation Metrics
P/B Ratio
14.76
Current Price
₹441.15
Book Value/Share
₹273.50
Exchange
NSE
Book Value Breakdown (2025)
Balance Sheet Components
Total Equity
₹19,993 Cr
Share Capital
₹731 Cr
Reserves & Surplus
₹19,243 Cr
Outstanding Shares
731,000,000
Book Value per Share
₹273.50
Valuation Signal
Signal
Overvalued
Historical Avg
0.82
Historical Range
0.15 - 1.46
Percentile
100.0%
Sector Context
Sector Average
8.89
Sector Median
7.45
Sector Rank
#11 of 24
Sector Percentile
45.8%
Key P/B Ratio Insights for Bharat Electronics
- Stock appears overvalued with PB of 14.76, 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 1704.4% above historical average
- Trading at premium to sector average PB of 8.89
View the current stock price of Bharat Electronics for more insights.
P/B Ratio Historical Trend for Bharat Electronics
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.
Related Pages for Bharat Electronics
Additional stock information and data for BEL
Historical P/B Ratio Data
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2025 | 1.46 | ₹273.5 | ₹399.60 | ₹19,993 | Moderate |
| 2024 | 1.31 | ₹223.58 | ₹293.15 | ₹16,344 | Moderate |
| 2023 | 0.97 | ₹189.86 | ₹184.20 | ₹13,879 | Low |
| 2022 | 0.2 | ₹504.18 | ₹99.90 | ₹12,302 | Low |
| 2021 | 0.15 | ₹453.89 | ₹70.00 | ₹11,075 | Low |
Sector P/B Ratio Comparison
Comparing Bharat Electronics with other companies in Aerospace & Defense sector
Sector Average
8.89
Sector Median
7.45
Lowest P/B
0.56
Highest P/B
23.6
Companies
24
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Rossell | ROSSELLIND | 0.56 | ₹272 | Low |
| DCX Systems | DCXINDIA | 1.28 | ₹1,894 | Moderate |
| Ideaforge Technology | IDEAFORGE | 3.2 | ₹1,778 | High |
| Jaykay Enterprises | JAYKAY | 4.43 | ₹2,084 | High |
| Taneja Aerospace & Aviat… | TANAA | 4.68 | ₹719 | High |
| Mishra Dhatu Nigam | MIDHANI | 4.81 | ₹6,762 | High |
| CFF Fluid Control | CFF | 4.86 | ₹1,108 | High |
| Apollo Micro Systems | APOLLO | 6.49 | ₹8,217 | High |
| NIBE | NIBE | 6.5 | ₹1,422 | High |
| Zen Technologies | ZENTEC | 6.6 | ₹12,012 | High |