Bharat Electronics P/B Ratio
Bharat Electronics (BEL) P/B ratio is 11.61 (High), book value per share ₹328.41 vs Aerospace & Defense average P/B of 10.74 — Very High - Significant premium, high growth expectations or speculative. For live price, earnings yield and the full fundamental profile, see BEL share price screener.
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 11.61 (High). Explore BEL Benjamin Graham valuation to estimate fundamental worth using multiple valuation models.
- Stock appears overvalued with PB of 11.61, 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 1029.4% above historical average
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. Read BEL dividend growth for the complete payout history and dividend yield track record.
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 | 1.2 | ₹328.41 | ₹393.30 | ₹24,007 | 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 11.61 vs Aerospace & Defense average 10.74, median 9.99 — range 0.71–32.28.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Rossell | ROSSELLIND | 0.71 | ₹344 | Low |
| Ideaforge Technology | IDEAFORGE | 0.82 | ₹3,499 | Low |
| DCX Systems | DCXINDIA | 1.24 | ₹1,800 | Moderate |
| Jaykay Enterprises | JAYKAY | 2.84 | ₹2,016 | Moderate |
| Taneja Aerospace & Aviat… | TANAA | 4.15 | ₹681 | High |
| NIBE | NIBE | 4.81 | ₹1,916 | High |
| TechEra Engineering | TECHERA | 5.17 | ₹268 | High |
| Mishra Dhatu Nigam | MIDHANI | 5.67 | ₹7,603 | High |
| CFF Fluid Control | CFF | 7.74 | ₹2,102 | High |
| Krishna Defence & Allied… | KRISHNADEF | 7.74 | ₹1,504 | High |