UltraTech Cement P/B Ratio
UltraTech Cement (ULTRACEMCO) P/B ratio is 4.51 (High), book value per share ₹2736.00 vs Construction average P/B of -0.2 — Very High - Significant premium, high growth expectations or speculative. Review ULTRACEMCO earnings multiple to evaluate earnings-based valuation against sector peers.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
ULTRACEMCO P/B Ratio — Valuation Insights & Book Value Analysis
UltraTech Cement price-to-book ratio interpretation, valuation status and historical context — current P/B 4.51 (High). View UltraTech Cement 52-week for the annual high/low range and current price position.
- Stock appears overvalued with PB of 4.51, trading at significant premium to book value
- Trading at high premium to book value - indicates strong growth expectations or asset-light business model
- Trading at premium to sector average PB of -0.2
UltraTech Cement P/B Ratio Historical Trend
ULTRACEMCO 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 UltraTech Cement share price screener.
ULTRACEMCO Historical P/B Ratio — Book Value Per Share & Year-End Price
UltraTech Cement 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 | 4.23 | ₹2736.0 | ₹11570.00 | ₹80,712 | High |
| 2025 | 4.7 | ₹2504.85 | ₹11784.00 | ₹73,893 | High |
| 2024 | 5.48 | ₹2085.92 | ₹11426.35 | ₹60,283 | High |
| 2023 | 5.58 | ₹1881.66 | ₹10503.05 | ₹54,380 | High |
| 2022 | 3.99 | ₹1745.05 | ₹6959.05 | ₹50,432 | High |
ULTRACEMCO vs Construction Peers — P/B Ratio Comparison
UltraTech Cement P/B 4.51 vs Construction average -0.2, median 0.4 — range -7.62–0.7.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Anand Projects | ANANDPROJ | -7.62 | ₹3 | Low |
| Shiva Cement | SHIVACEM | -7.46 | ₹508 | Low |
| Hemadri Cements | HEMACEM | -3.9 | ₹33 | Low |
| Refex Renewables Infrast… | REFEXRENEW | -2.19 | ₹143 | Low |
| Sadbhav Engineering | SADBHAV | -1.32 | ₹142 | Low |
| Sri Chakra Cement Limited | SRICC | -0.99 | ₹32 | Low |
| BGR Energy Systems | BGRENERGY | -0.65 | ₹1,813 | Low |
| Triveni Glass | TRIVENIGQ | -0.56 | ₹9 | Low |
| Vardhman Concrete | VARDHMAN | -0.42 | ₹5 | Low |
| Panyam Cements & Mineral… | PANCM | -0.32 | ₹76 | Low |