Larsen & Toubro P/B Ratio
LT • Price-to-Book ratio analysis and book value breakdown
Current P/B Ratio
5.63
High Valuation
Very High - Significant premium, high growth expectations or speculative
Current Valuation Metrics
P/B Ratio
5.63
Current Price
₹4157.00
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
0.25
Sector Median
0.58
Sector Rank
#11 of 50
Sector Percentile
22.0%
Key P/B Ratio Insights for Larsen & Toubro
- Stock appears overvalued with PB of 5.63, 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 583.3% above historical average
- Trading at premium to sector average PB of 0.25
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
0.25
Sector Median
0.58
Lowest P/B
-3.9
Highest P/B
0.92
Companies
50
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Hemadri Cements | HEMACEM | -3.9 | ₹33 | Low |
| Refex Renewables Infrast… | REFEXRENEW | -1.77 | ₹123 | Low |
| BGR Energy Systems | BGRENERGY | -1.3 | ₹2,473 | Low |
| Sadbhav Engineering | SADBHAV | -0.89 | ₹189 | Low |
| Triveni Glass | TRIVENIGQ | -0.77 | ₹12 | Low |
| Panyam Cements & Mineral… | PANCM | -0.43 | ₹107 | Low |
| Vardhman Concrete | VARDHMAN | -0.42 | ₹5 | Low |
| GVK Power & Infrastructu… | GVKPIL | -0.34 | ₹488 | Low |
| Sadbhav Infrastructure P… | SADBHIN | -0.25 | ₹130 | Low |
| Kridhan Infra | KRIDHANINF | -0.15 | ₹42 | Low |