Bharti Airtel P/B Ratio
Bharti Airtel (BHARTIARTL) P/B ratio is 6.77 (High), book value per share ₹643.13 vs Telecom average P/B of 3.42 — Very High - Significant premium, high growth expectations or speculative. Review Bharti Airtel P/E valuation to evaluate earnings-based valuation against sector peers.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
BHARTIARTL P/B Ratio — Valuation Insights & Book Value Analysis
Bharti Airtel price-to-book ratio interpretation, valuation status and historical context — current P/B 6.77 (High). For live price, earnings yield and the full fundamental profile, see Bharti Airtel share price today.
- Stock appears overvalued with PB of 6.77, 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 105.7% above historical average
- Trading at premium to sector average PB of 3.42
Bharti Airtel P/B Ratio Historical Trend
BHARTIARTL 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 Bharti Airtel yearly highs lows for the annual high/low range and current price position.
BHARTIARTL Historical P/B Ratio — Book Value Per Share & Year-End Price
Bharti Airtel 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 | 2.95 | ₹643.13 | ₹1898.20 | ₹195,963 | Moderate |
| 2025 | 3.98 | ₹529.2 | ₹2105.60 | ₹153,468 | High |
| 2024 | 4.33 | ₹366.92 | ₹1587.75 | ₹105,564 | High |
| 2023 | 2.75 | ₹375.2 | ₹1032.20 | ₹106,444 | Moderate |
| 2022 | 2.45 | ₹328.93 | ₹806.10 | ₹91,935 | Moderate |
BHARTIARTL vs Telecom Peers — P/B Ratio Comparison
Bharti Airtel P/B 6.77 vs Telecom average 3.42, median 2.0 — range -4.23–14.88.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| City Online Services | CITYONLINE | -4.23 | ₹4 | Low |
| Vodafone Idea | IDEA | -4.09 | ₹146,371 | Low |
| Aksh Optifibre | AKSHOPTFBR | -2.93 | ₹90 | Low |
| GTL Infrastructure | GTLINFRA | -0.31 | ₹1,601 | Low |
| Tata Teleservices Mahara… | TTML | -0.28 | ₹7,867 | Low |
| Tamilnadu Telecommunicat… | TNTELE | -0.21 | ₹41 | Low |
| Mahanagar Telephone Nigam | MTNL | -0.06 | ₹1,708 | Low |
| GTL | GTL | -0.02 | ₹113 | Low |
| Quadrant Televentures | QUADRANT | -0.01 | ₹22 | Low |
| Reliance Communications | RCOM | 0.0 | ₹235 | Low |