Larsen & Toubro P/B Ratio
LT • Price-to-Book ratio analysis and book value breakdown
Current P/B Ratio
5.81
High Valuation
Very High - Significant premium, high growth expectations or speculative
Current Valuation Metrics
P/B Ratio
5.81
Current Price
₹4380.60
Book Value/Share
₹4196.51
Exchange
NSE
Book Value Breakdown (2025)
Balance Sheet Components
Total Equity
₹115,404 Cr
Share Capital
₹275 Cr
Reserves & Surplus
₹97,381 Cr
Outstanding Shares
275,000,000
Book Value per Share
₹4196.51
Valuation Signal
Signal
Overvalued
Historical Avg
0.82
Historical Range
0.61 - 0.97
Percentile
100.0%
Sector Context
Sector Average
0.24
Sector Median
0.51
Sector Rank
#11 of 50
Sector Percentile
22.0%
Key P/B Ratio Insights for Larsen & Toubro
- Stock appears overvalued with PB of 5.81, 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 605.1% above historical average
- Trading at premium to sector average PB of 0.24
View the current stock price of Larsen & Toubro for more insights.
P/B Ratio Historical Trend for Larsen & Toubro
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 Larsen & Toubro
Additional stock information and data for LT
Historical P/B Ratio Data
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2025 | 0.97 | ₹4196.51 | ₹4083.50 | ₹115,404 | Low |
| 2024 | 0.97 | ₹3729.09 | ₹3607.65 | ₹102,550 | Low |
| 2023 | 0.96 | ₹3685.66 | ₹3526.00 | ₹103,567 | Low |
| 2022 | 0.61 | ₹3394.09 | ₹2085.80 | ₹95,374 | Low |
| 2021 | 0.61 | ₹3128.83 | ₹1895.90 | ₹87,920 | Low |
Sector P/B Ratio Comparison
Comparing Larsen & Toubro with other companies in Construction sector
Sector Average
0.24
Sector Median
0.51
Lowest P/B
-3.9
Highest P/B
0.84
Companies
50
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Hemadri Cements | HEMACEM | -3.9 | ₹33 | Low |
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