HCL Technologies P/B Ratio
HCL Technologies (HCLTECH) P/B ratio is 4.35 (High), book value per share ₹1384.25 vs Information Technology average P/B of -3.87 — Very High - Significant premium, high growth expectations or speculative. For live price, earnings yield and the full fundamental profile, see HCLTECH share price screener.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
HCLTECH P/B Ratio — Valuation Insights & Book Value Analysis
HCL Technologies price-to-book ratio interpretation, valuation status and historical context — current P/B 4.35 (High). View HCLTECH annual price range for the annual high/low range and current price position.
- Stock appears overvalued with PB of 4.35, 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 271.8% above historical average
- Trading at premium to sector average PB of -3.87
HCL Technologies P/B Ratio Historical Trend
HCLTECH 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. Review HCLTECH earnings valuation to evaluate earnings-based valuation against sector peers.
HCLTECH Historical P/B Ratio — Book Value Per Share & Year-End Price
HCL Technologies 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 | 0.92 | ₹1384.25 | ₹1271.00 | ₹75,165 | Low |
| 2025 | 1.27 | ₹1283.11 | ₹1623.30 | ₹69,673 | Moderate |
| 2024 | 1.53 | ₹1257.29 | ₹1917.40 | ₹68,271 | Moderate |
| 2023 | 1.22 | ₹1204.38 | ₹1466.10 | ₹65,398 | Moderate |
| 2022 | 0.91 | ₹1141.92 | ₹1039.30 | ₹62,006 | Low |
HCLTECH vs Information Technology Peers — P/B Ratio Comparison
HCL Technologies P/B 4.35 vs Information Technology average -3.87, median 0.37 — range -131.16–0.69.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Ace Engitech | ACEENGITEC | -131.16 | ₹12 | Low |
| Virgo Global | VIRGOGLOB | -42.8 | ₹6 | Low |
| ECS Biztech | ECS | -10.01 | ₹22 | Low |
| Pfl Infotech Ltd. | PFLINFOTC | -7.97 | ₹3 | Low |
| Unipro Technologies | UPROTECH | -7.37 | ₹9 | Low |
| Integrated Hi-Tech | INTEGHIT | -5.66 | ₹3 | Low |
| Starcom Information Tech… | STARCOM | -1.47 | ₹44 | Low |
| HCL Infosystems | HCL-INSYS | -1.3 | ₹381 | Low |
| SecureKloud Technologies | SECURKLOUD | -1.22 | ₹61 | Low |
| Softbpo Global Services | SOFTBPO | -0.85 | ₹5 | Low |