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Adani PowerNSE:ADANIPOWER +0.67%75 PB Ratio is 6.35 as of Jul. 27, 2026, which is 73% above its 10-year median of 3.68. GuruFocus rates NSE:ADANIPOWER with a GF Score™ of 75/100 and a GF Value™ of ₹147.41 (Significantly Overvalued). Among 432 Utilities - Independent Power Producers companies, Adani Power ranks worse than 91.67% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-27), Adani Power's share price is ₹213.66. Adani Power's Book Value per Share for the quarter that ended in Jun. 2026 was ₹33.67. Hence, Adani Power's PB Ratio of today is 6.35.
The historical rank and industry rank for Adani Power's PB Ratio or its related term are showing as below:
NSE:ADANIPOWER'
s PB Ratio Range Over the Past 10 Years
Min: 1.17 Med: 3.68 Max: 11.26
Current: 6.34
During the past 13 years, Adani Power's highest PB Ratio was 11.26. The lowest was 1.17. And the median was 3.68.
NSE:ADANIPOWER's PB Ratio is ranked worse than 91.67% of 432
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.295
vs NSE:ADANIPOWER: 6.34
During the past 12 months, Adani Power's average Book Value Per Share Growth Rate was 15.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 29.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 39.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 40.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Adani Power was 145.20% per year. The lowest was -51.20% per year. And the median was 29.45% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Adani Power PB Ratio Related Terms
Adani Power PB Ratio Historical Data
* Premium members only.
The historical data trend for Adani Power's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ADANIPOWER vs CEG, VST, NRG: PB Ratio Comparison
For the Utilities - Independent Power Producers subindustry, Adani Power's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Adani Power PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Adani Power's PB Ratio distribution charts can be found below:
* The bar in red indicates where Adani Power's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Adani Power's PB Ratio for today is calculated as follows:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Adani Power (NSE:ADANIPOWER) has a PB Ratio of 6.35 as of Jul. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Adani Power and its competitors. This is 73% above median its historical median of 3.68. Over the past decade, Adani Power's PB Ratio has ranged from 1.17 to 11.26. According to the industry distribution chart, Adani Power ranks #396 out of 432 companies in the Utilities - Independent Power Producers industry, placing it in the top 91.7%.
Is Adani Power's PB Ratio too high?
Adani Power's current PB Ratio of 6.35 is 73% above median its 10-year median of 3.68. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 11.26. The Utilities - Independent Power Producers industry median PB Ratio is 1.30. Adani Power's value of 6.35 is 390.3% above this industry median. Based on the distribution chart, Adani Power ranks #396 out of 432 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Adani Power has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adani Power's PB Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Adani Power ranks #396 out of 432 companies for PB Ratio. This places Adani Power in the lower half of its industry. The industry median PB Ratio is 1.30. Adani Power's value of 6.35 is 390.3% above this benchmark. Historically, Adani Power's own PB Ratio has ranged from 1.17 to 11.26 over the past decade. While the company's 10-year median is 3.68 vs. the industry median of 1.30, Adani Power has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.30, based on 432 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adani Power's current PB Ratio of 6.35 is 390.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Adani Power and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Power's current PB Ratio is 6.35, which is 73% above median its own 10-year median of 3.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Power stock overvalued right now?
Based on GuruFocus' analysis, Adani Power (NSE:ADANIPOWER) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹147.41, compared to a current price of ₹213.66 — trading 44.9% above its estimated fair value. The current PB Ratio is 6.35, which is 73% above median its 10-year median of 3.68 and 390.3% above the Utilities - Independent Power Producers industry median of 1.30. Adani Power's overall GF Score™ is 75/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Adani Power (NSE:ADANIPOWER), the current PB Ratio is 6.35 as of Jul. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Adani Power (NSE:ADANIPOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Power stock appears to be overvalued.
The current stock price of ₹213.66 is trading 44.9% above its estimated GF Value™ of ₹147.41.
GuruFocus considers Adani Power to be Significantly Overvalued.
Key valuation signals for NSE:ADANIPOWER:
PB Ratio: 6.35 (73% above median its 10-year median of 3.68)
GF Value™: ₹147.41 vs. price of ₹213.66 (44.9% above fair value)
Industry Position: 390.3% above the Utilities - Independent Power Producers median (#396 of 432)
No single metric tells the full story. See the NSE:ADANIPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Power Ltd sells power under long term / medium term / short term Power Purchase Agreement (PPAs), Supplemental Power Purchase Agreement (SPPAs), on merchant basis and also engaged in trading, investment and other business activities incidental and ancillary to power generation and sales. Its business activities revolve around development and operations of power generation plants including related activities and trading, investment and other activities as two segments. The company generates majority of revenue from Power Generation and related activities. It has presence Within India, and Outside India (Bangladesh). The company generates majority of revenue from India.
75GF Score
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