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Karma EnergyNSE:KARMAENG +3.25%63 PB Ratio is 1.10 as of Jul. 20, 2026, which is 19% below its 10-year median of 1.36. GuruFocus rates NSE:KARMAENG with a GF Score™ of 63/100 and a GF Value™ of ₹53.60 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 431 Utilities - Independent Power Producers companies, Karma Energy ranks better than 55.45% 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 (2026-07-20), Karma Energy's share price is ₹38.72. Karma Energy's Book Value per Share for the quarter that ended in Mar. 2026 was ₹35.29. Hence, Karma Energy's PB Ratio of today is 1.10.
Good Sign:
Karma Energy Ltd stock PB Ratio (=1.11) is close to 3-year low of 1.1.
The historical rank and industry rank for Karma Energy's PB Ratio or its related term are showing as below:
NSE:KARMAENG'
s PB Ratio Range Over the Past 10 Years
Min: 0.37 Med: 1.36 Max: 3.98
Current: 1.11
During the past 13 years, Karma Energy's highest PB Ratio was 3.98. The lowest was 0.37. And the median was 1.36.
NSE:KARMAENG's PB Ratio is ranked better than 55.45% of 431
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.31
vs NSE:KARMAENG: 1.11
During the past 12 months, Karma Energy's average Book Value Per Share Growth Rate was 2.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 25.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Karma Energy was 57.20% per year. The lowest was -50.50% per year. And the median was 2.00% 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.
Karma Energy PB Ratio Related Terms
Karma Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for Karma Energy'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.
For the Utilities - Renewable subindustry, Karma Energy'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.
Karma Energy PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Karma Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Karma Energy'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.
Karma Energy'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.
Karma Energy (NSE:KARMAENG) has a PB Ratio of 1.10 as of Jul. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Karma Energy and its competitors. This is 19% below median its historical median of 1.36. Over the past decade, Karma Energy's PB Ratio has ranged from 0.37 to 3.98. According to the industry distribution chart, Karma Energy ranks #192 out of 431 companies in the Utilities - Independent Power Producers industry, placing it in the top 44.5%.
Is Karma Energy's PB Ratio too high?
Karma Energy's current PB Ratio of 1.10 is 19% below median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 3.98. The Utilities - Independent Power Producers industry median PB Ratio is 1.31. Karma Energy's value of 1.10 is 16% below this industry median. Based on the distribution chart, Karma Energy ranks #192 out of 431 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Karma Energy has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Karma Energy's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Karma Energy ranks #192 out of 431 companies for PB Ratio. This puts Karma Energy in the upper half of its industry. The industry median PB Ratio is 1.31. Karma Energy's value of 1.10 is 16% below this benchmark. Historically, Karma Energy's own PB Ratio has ranged from 0.37 to 3.98 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 1.31, Karma Energy has consistently been below 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 1.31, based on 431 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. Karma Energy's current PB Ratio of 1.10 is 16% below 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 Karma Energy and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karma Energy's current PB Ratio is 1.10, which is 19% below median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karma Energy stock overvalued right now?
Based on GuruFocus' analysis, Karma Energy (NSE:KARMAENG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹53.60, compared to a current price of ₹38.72 — trading 27.8% below its estimated fair value. The current PB Ratio is 1.10, which is 19% below median its 10-year median of 1.36 and 16% below the Utilities - Independent Power Producers industry median of 1.31. Karma Energy's overall GF Score™ is 63/100 with 2 warning signs to review. 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 Karma Energy (NSE:KARMAENG), the current PB Ratio is 1.10 as of Jul. 20, 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 Karma Energy (NSE:KARMAENG) Overvalued in 2026?
Based on GuruFocus' analysis, Karma Energy stock appears to be undervalued.
The current stock price of ₹38.72 is trading 27.8% below its estimated GF Value™ of ₹53.60.
GuruFocus considers Karma Energy to be Modestly Undervalued.
Key valuation signals for NSE:KARMAENG:
PB Ratio: 1.10 (19% below median its 10-year median of 1.36)
GF Value™: ₹53.60 vs. price of ₹38.72 (27.8% below fair value)
Industry Position: 16% below the Utilities - Independent Power Producers median (#192 of 431)
No single metric tells the full story. See the NSE:KARMAENG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Karma Energy Ltd is an India-based company engaged in the generation of power from renewable energy sources. The company generates energy from wind power, hydropower, and solar power. It derives revenue from the sale of power.
63GF Score
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