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NTPC P/B Ratio

Current P/B Ratio
1.63
Moderate Valuation
Moderate - Reasonably valued relative to book value

NTPC (NTPC) P/B ratio is 1.63 (Moderate), book value per share ₹209.52 vs Power average P/B of 2.7 — Moderate - Reasonably valued relative to book value. Review NTPC earnings multiple to evaluate earnings-based valuation against sector peers.

Current Valuation Metrics

P/B Ratio 1.63
Current Price ₹347.20
Book Value/Share ₹209.52
Exchange NSE

Book Value Breakdown (2026)

Balance Sheet Components
Total Equity ₹203,176 Cr
Share Capital ₹9,697 Cr
Reserves & Surplus ₹193,479 Cr
Outstanding Shares 9,697,000,000
Book Value per Share ₹209.52

Valuation Signal

Signal Fairly Valued
Historical Avg 1.69
Historical Range 1.16 - 2.0
Percentile 20.0%

Sector Context

Sector Average 2.7
Sector Median 1.93
Sector Rank #11 of 44
Sector Percentile 25.0%

NTPC P/B Ratio — Valuation Insights & Book Value Analysis

NTPC price-to-book ratio interpretation, valuation status and historical context — current P/B 1.63 (Moderate). View NTPC yearly highs lows for the annual high/low range and current price position.

  • Trading at discount to sector average PB of 2.7

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 1.66 ₹209.52 ₹347.20 ₹203,176 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 1.63 vs Power average 2.7, median 1.93 — range -40.85–20.68.

Sector Average
2.7
Sector Median
1.93
Lowest P/B
-40.85
Highest P/B
20.68
Companies
44
Company Symbol P/B Ratio Market Cap (₹ Cr) Valuation
Waaree Technologies WAAREE -40.85 ₹261 Low
SRM Energy SRMENERGY -0.38 ₹18 Low
Reliance Infrastructure RELINFRA 0.17 ₹2,996 Low
Veer Energy & Infrastruc… VEERENRGY 0.29 ₹18 Low
Emkay Tap & Cut. Tool EMKAYTOOLS 0.34 ₹100 Low
Waa Solar WAA 0.34 ₹64 Low
Advance Metering Tech AMTL 0.39 ₹30 Low
Indowind Energy INDOWIND 0.49 ₹148 Low
Gujarat Industries Power… GIPCL 0.66 ₹2,516 Low
Reliance Power RPOWER 0.67 ₹10,120 Low