Hindustan Aeronautics P/B Ratio
Hindustan Aeronautics (HAL) P/B ratio is 7.21 (High), book value per share ₹1228.77 vs Aerospace & Defense average P/B of 10.44 — Very High - Significant premium, high growth expectations or speculative. For live price, earnings yield and the full fundamental profile, see HAL stock price BSE.
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 7.21 (High). Compare with HAL fair price to assess whether the stock is under or overvalued.
- Stock appears overvalued with PB of 7.21, 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 92.5% above historical average
- Trading at discount to sector average PB of 10.44
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. View HAL yearly price range for the annual high/low range and current price position.
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 | 3.59 | ₹1228.77 | ₹4413.00 | ₹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 7.21 vs Aerospace & Defense average 10.44, median 9.6 — range 0.68–29.75.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Rossell | ROSSELLIND | 0.68 | ₹347 | Low |
| DCX Systems | DCXINDIA | 1.62 | ₹2,358 | Moderate |
| Taneja Aerospace & Aviat… | TANAA | 4.75 | ₹713 | High |
| Mishra Dhatu Nigam | MIDHANI | 5.41 | ₹7,766 | High |
| Jaykay Enterprises | JAYKAY | 5.48 | ₹2,787 | High |
| Ideaforge Technology | IDEAFORGE | 5.89 | ₹3,702 | High |
| CFF Fluid Control | CFF | 5.94 | ₹1,541 | High |
| TechEra Engineering | TECHERA | 6.28 | ₹314 | High |
| Unimech Aerospace and Ma… | UNIMECH | 6.86 | ₹4,915 | High |
| NIBE | NIBE | 7.52 | ₹2,045 | High |