Bharat Heavy Electricals P/B Ratio
BHEL • Price-to-Book ratio analysis and book value breakdown
Current P/B Ratio
4.1
High Valuation
Very High - Significant premium, high growth expectations or speculative
Current Valuation Metrics
P/B Ratio
4.1
Current Price
₹300.05
Book Value/Share
₹355.20
Exchange
NSE
Book Value Breakdown (2025)
Balance Sheet Components
Total Equity
₹24,722 Cr
Share Capital
₹696 Cr
Reserves & Surplus
₹24,026 Cr
Outstanding Shares
696,000,000
Book Value per Share
₹355.20
Valuation Signal
Signal
Overvalued
Historical Avg
0.48
Historical Range
0.16 - 0.81
Percentile
100.0%
Sector Context
Sector Average
0.13
Sector Median
0.69
Sector Rank
#11 of 50
Sector Percentile
22.0%
Key P/B Ratio Insights for Bharat Heavy Electricals
- Stock appears overvalued with PB of 4.1, 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 761.3% above historical average
- Trading at premium to sector average PB of 0.13
View the current stock price of Bharat Heavy Electricals for more insights.
P/B Ratio Historical Trend for Bharat Heavy Electricals
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 Heavy Electricals
Additional stock information and data for BHEL
Historical P/B Ratio Data
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2025 | 0.81 | ₹355.2 | ₹287.45 | ₹24,722 | Low |
| 2024 | 0.65 | ₹351.14 | ₹229.40 | ₹24,439 | Low |
| 2023 | 0.55 | ₹350.26 | ₹193.55 | ₹24,378 | Low |
| 2022 | 0.21 | ₹380.85 | ₹79.20 | ₹26,507 | Low |
| 2021 | 0.16 | ₹373.16 | ₹58.95 | ₹25,972 | Low |
Sector P/B Ratio Comparison
Comparing Bharat Heavy Electricals with other companies in Capital Goods sector
Sector Average
0.13
Sector Median
0.69
Lowest P/B
-6.17
Highest P/B
1.34
Companies
50
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Jyoti | JYOTI | -6.17 | ₹202 | Low |
| Miven Machine Tools | MIVENMACH | -4.02 | ₹23 | Low |
| Lexoraa Industries | LEXORAA | -3.94 | ₹5 | Low |
| Incon Engineers | INCON | -3.23 | ₹6 | Low |
| Mipco Seamless Rings | MPCOSEMB | -2.94 | ₹10 | Low |
| Thakral Services | THAKRAL | -1.58 | ₹15 | Low |
| Switching Technologies G… | SWITCHTE | -0.89 | ₹15 | Low |
| HMT | HMT | -0.85 | ₹2,242 | Low |
| Pan Electroncis | PANELEC | -0.59 | ₹17 | Low |
| TMT India | TMTIND-B1 | -0.51 | ₹3 | Low |