NTPC P/B Ratio
NTPC (NTPC) P/B ratio is 1.61 (Moderate), book value per share ₹217.75 vs Power average P/B of 2.76 — Moderate - Reasonably valued relative to book value. Read NTPC ex-dividend dates for the complete payout history and dividend yield track record.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
NTPC P/B Ratio — Valuation Insights & Book Value Analysis
NTPC price-to-book ratio interpretation, valuation status and historical context — current P/B 1.61 (Moderate). Explore NTPC intrinsic value to estimate fundamental worth using multiple valuation models.
- Trading at discount to sector average PB of 2.76
NTPC P/B Ratio Historical Trend
NTPC 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. For live price, earnings yield and the full fundamental profile, see NTPC share price chart.
NTPC Historical P/B Ratio — Book Value Per Share & Year-End Price
NTPC 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 | 1.49 | ₹217.75 | ₹323.65 | ₹211,153 | Moderate |
| 2025 | 1.67 | ₹197.09 | ₹329.55 | ₹191,123 | Moderate |
| 2024 | 1.96 | ₹170.28 | ₹333.35 | ₹165,122 | Moderate |
| 2023 | 2.0 | ₹155.67 | ₹311.15 | ₹150,954 | Moderate |
| 2022 | 1.16 | ₹143.48 | ₹166.45 | ₹139,134 | Moderate |
NTPC vs Power Peers — P/B Ratio Comparison
NTPC P/B 1.61 vs Power average 2.76, median 1.85 — range -36.54–29.84.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Waaree Technologies | WAAREE | -36.54 | ₹222 | Low |
| SRM Energy | SRMENERGY | -0.38 | ₹18 | Low |
| Reliance Infrastructure | RELINFRA | 0.17 | ₹2,996 | Low |
| Veer Energy & Infrastruc… | VEERENRGY | 0.31 | ₹19 | Low |
| Emkay Tap & Cut. Tool | EMKAYTOOLS | 0.34 | ₹101 | Low |
| Advance Metering Tech | AMTL | 0.34 | ₹29 | Low |
| Waa Solar | WAA | 0.37 | ₹63 | Low |
| Indowind Energy | INDOWIND | 0.48 | ₹146 | Low |
| Reliance Power | RPOWER | 0.62 | ₹8,925 | Low |
| PTC India | PTC | 0.76 | ₹4,522 | Low |