Hindustan Aeronautics P/B Ratio
Hindustan Aeronautics (HAL) P/B ratio is 7.32 (High), book value per share ₹1228.77 vs Aerospace & Defense average P/B of 10.27 — Very High - Significant premium, high growth expectations or speculative. Review Hindustan Aeronautics P/E valuation to evaluate earnings-based valuation against sector peers.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
HAL P/B Ratio — Valuation Insights & Book Value Analysis
Hindustan Aeronautics price-to-book ratio interpretation, valuation status and historical context — current P/B 7.32 (High). View HAL yearly price range for the annual high/low range and current price position.
- Stock appears overvalued with PB of 7.32, 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 94.1% above historical average
- Trading at discount to sector average PB of 10.27
Hindustan Aeronautics P/B Ratio Historical Trend
HAL 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 HAL stock price BSE.
HAL Historical P/B Ratio — Book Value Per Share & Year-End Price
Hindustan Aeronautics 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 | 3.72 | ₹1228.77 | ₹4573.40 | ₹41,041 | High |
| 2025 | 4.19 | ₹1047.46 | ₹4388.70 | ₹34,985 | High |
| 2024 | 4.79 | ₹872.51 | ₹4178.35 | ₹29,142 | High |
| 2023 | 3.97 | ₹705.87 | ₹2804.00 | ₹23,576 | High |
| 2022 | 2.19 | ₹578.35 | ₹1265.60 | ₹19,317 | Moderate |
HAL vs Aerospace & Defense Peers — P/B Ratio Comparison
Hindustan Aeronautics P/B 7.32 vs Aerospace & Defense average 10.27, median 9.99 — range 0.79–26.61.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Rossell | ROSSELLIND | 0.79 | ₹391 | Low |
| Ideaforge Technology | IDEAFORGE | 0.95 | ₹3,690 | Low |
| DCX Systems | DCXINDIA | 1.36 | ₹2,068 | Moderate |
| Jaykay Enterprises | JAYKAY | 3.18 | ₹2,165 | High |
| TechEra Engineering | TECHERA | 4.73 | ₹257 | High |
| Taneja Aerospace & Aviat… | TANAA | 4.89 | ₹750 | High |
| Mishra Dhatu Nigam | MIDHANI | 5.01 | ₹7,702 | High |
| NIBE | NIBE | 5.77 | ₹2,286 | High |
| CFF Fluid Control | CFF | 7.5 | ₹2,026 | High |
| Zen Technologies | ZENTEC | 8.37 | ₹15,928 | High |