Mahanagar Gas P/B Ratio
MGL • Price-to-Book ratio analysis and book value breakdown
Current P/B Ratio
1.91
Moderate Valuation
Moderate - Reasonably valued relative to book value
Current Valuation Metrics
P/B Ratio
1.91
Current Price
₹1207.30
Book Value/Share
₹595.45
Exchange
NSE
Book Value Breakdown (2025)
Balance Sheet Components
Total Equity
₹5,895 Cr
Share Capital
₹99 Cr
Reserves & Surplus
₹5,781 Cr
Outstanding Shares
99,000,000
Book Value per Share
₹595.45
Valuation Signal
Signal
Fairly Valued
Historical Avg
2.42
Historical Range
1.91 - 2.87
Percentile
0.0%
Sector Context
Sector Average
2.99
Sector Median
2.15
Sector Rank
#11 of 27
Sector Percentile
40.7%
Key P/B Ratio Insights for Mahanagar Gas
- Current PB is 21.0% below historical average
- Trading at discount to sector average PB of 2.99
View the current stock price of Mahanagar Gas for more insights.
P/B Ratio Historical Trend for Mahanagar Gas
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 Mahanagar Gas
Additional stock information and data for MGL
Historical P/B Ratio Data
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2025 | 1.91 | ₹595.45 | ₹1136.10 | ₹5,895 | Moderate |
| 2024 | 2.47 | ₹519.49 | ₹1284.40 | ₹5,143 | Moderate |
| 2023 | 2.87 | ₹417.58 | ₹1200.50 | ₹4,134 | Moderate |
Sector P/B Ratio Comparison
Comparing Mahanagar Gas with other companies in Oil & Gas sector
Sector Average
2.99
Sector Median
2.15
Lowest P/B
0.0
Highest P/B
12.58
Companies
27
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Aban Offshore | ABAN | 0.0 | ₹114 | Low |
| Alphageo | ALPHAGEO | 0.49 | ₹127 | Low |
| DHP India | DHPIND | 0.62 | ₹156 | Low |
| Jindal Drilling & Indust… | JINDRILL | 0.73 | ₹1,291 | Low |
| Confidence Petroleum | CONFIPET | 0.78 | ₹1,055 | Low |
| Oil & Natural Gas Corpor… | ONGC | 0.96 | ₹351,870 | Low |
| IRM Energy | IRMENERGY | 1.0 | ₹932 | Moderate |
| Ganesh Benzoplast | GANESHBE | 1.04 | ₹593 | Moderate |
| Deep Industries | DEEPINDS | 1.18 | ₹2,221 | Moderate |
| Hindustan Oil Exploration | HINDOILEXP | 1.27 | ₹1,731 | Moderate |