Bharat Road Network P/B Ratio
Bharat Road Network (BRNL) P/B ratio is 0.36 (Low), book value per share ₹47.98 vs Construction average P/B of -0.16 — Very Low - Significant discount to book value, potential distress or value opportunity. Review BRNL earnings valuation to evaluate earnings-based valuation against sector peers.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
BRNL P/B Ratio — Valuation Insights & Book Value Analysis
Bharat Road Network price-to-book ratio interpretation, valuation status and historical context — current P/B 0.36 (Low). For live price, earnings yield and the full fundamental profile, see BRNL share price.
- Stock appears undervalued with PB of 0.36, trading below book value
- Trading below book value - potential value opportunity or financial distress signal
- Current PB is 52.3% below historical average
- Trading at premium to sector average PB of -0.16
Bharat Road Network P/B Ratio Historical Trend
BRNL 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. View BRNL annual price range for the annual high/low range and current price position.
BRNL Historical P/B Ratio — Book Value Per Share & Year-End Price
Bharat Road Network 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 | 0.38 | ₹47.98 | ₹18.06 | ₹403 | Low |
| 2025 | 0.45 | ₹50.24 | ₹22.62 | ₹422 | Low |
| 2024 | 1.34 | ₹34.05 | ₹45.54 | ₹286 | Moderate |
| 2023 | 1.05 | ₹47.62 | ₹49.85 | ₹400 | Moderate |
| 2022 | 0.55 | ₹71.67 | ₹39.25 | ₹602 | Low |
BRNL vs Construction Peers — P/B Ratio Comparison
Bharat Road Network P/B 0.36 vs Construction average -0.16, median 0.4 — range -7.53–0.72.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Shiva Cement | SHIVACEM | -7.53 | ₹499 | Low |
| Anand Projects | ANANDPROJ | -6.27 | ₹3 | Low |
| Hemadri Cements | HEMACEM | -3.9 | ₹33 | Low |
| Refex Renewables Infrast… | REFEXRENEW | -2.19 | ₹143 | Low |
| Sadbhav Engineering | SADBHAV | -1.24 | ₹138 | Low |
| Sri Chakra Cement Limited | SRICC | -0.98 | ₹33 | Low |
| BGR Energy Systems | BGRENERGY | -0.73 | ₹2,093 | Low |
| Triveni Glass | TRIVENIGQ | -0.53 | ₹8 | Low |
| Vardhman Concrete | VARDHMAN | -0.42 | ₹5 | Low |
| Panyam Cements & Mineral… | PANCM | -0.38 | ₹85 | Low |