Bharat Electronics P/B Ratio
Bharat Electronics (BEL) P/B ratio is 12.82 (High), book value per share ₹328.15 vs Aerospace & Defense average P/B of 10.03 — Very High - Significant premium, high growth expectations or speculative. View BEL yearly price range for the annual high/low range and current price position.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
BEL P/B Ratio — Valuation Insights & Book Value Analysis
Bharat Electronics price-to-book ratio interpretation, valuation status and historical context — current P/B 12.82 (High). Compare with BEL fundamental valuation to assess whether the stock is under or overvalued.
- Stock appears overvalued with PB of 12.82, 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 1125.6% above historical average
- Trading at premium to sector average PB of 10.03
Bharat Electronics P/B Ratio Historical Trend
BEL 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. For live price, earnings yield and the full fundamental profile, see BEL share price screener.
BEL Historical P/B Ratio — Book Value Per Share & Year-End Price
Bharat Electronics 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 | 1.29 | ₹328.15 | ₹421.85 | ₹23,988 | Moderate |
| 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 |
BEL vs Aerospace & Defense Peers — P/B Ratio Comparison
Bharat Electronics P/B 12.82 vs Aerospace & Defense average 10.03, median 8.23 — range 0.71–29.49.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Rossell | ROSSELLIND | 0.71 | ₹351 | Low |
| DCX Systems | DCXINDIA | 1.55 | ₹2,175 | Moderate |
| Jaykay Enterprises | JAYKAY | 4.66 | ₹2,270 | High |
| Taneja Aerospace & Aviat… | TANAA | 4.75 | ₹713 | High |
| NIBE | NIBE | 5.16 | ₹1,461 | High |
| Mishra Dhatu Nigam | MIDHANI | 5.48 | ₹7,644 | High |
| CFF Fluid Control | CFF | 5.88 | ₹1,573 | High |
| Ideaforge Technology | IDEAFORGE | 6.14 | ₹3,543 | High |
| TechEra Engineering | TECHERA | 6.27 | ₹306 | High |
| Unimech Aerospace and Ma… | UNIMECH | 6.83 | ₹4,787 | High |