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NTPC Green EnergyNSE:NTPCGREEN +0.08%10 PB Ratio is 4.13 as of Jul. 17, 2026, which is 10% below its 10-year median of 4.58. GuruFocus rates NSE:NTPCGREEN with a GF Score™ of 10/100. The stock has 5 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, NTPC Green Energy ranks worse than 85.12% on this metric.
NTPC Green Energy Ltd stock PB Ratio (=4.18) is close to 2-year low of 4.04.
The historical rank and industry rank for NTPC Green Energy's PB Ratio or its related term are showing as below:
NSE:NTPCGREEN'
s PB Ratio Range Over the Past 10 Years
Min: 4.04 Med: 4.58 Max: 14.83
Current: 4.13
During the past 4 years, NTPC Green Energy's highest PB Ratio was 14.83. The lowest was 4.04. And the median was 4.58.
NSE:NTPCGREEN's PB Ratio is ranked worse than 85.12% of 430
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.285
vs NSE:NTPCGREEN: 4.13
During the past 12 months, NTPC Green Energy's average Book Value Per Share Growth Rate was 2.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 57.10% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of NTPC Green Energy was 57.10% per year. The lowest was 57.10% per year. And the median was 57.10% per year.
Back to Basics: PB Ratio
NTPC Green Energy (NSE:NTPCGREEN) PB Ratio Explanation
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.
NTPC Green Energy PB Ratio Related Terms
NTPC Green Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for NTPC Green 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, NTPC Green 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.
NTPC Green Energy PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, NTPC Green Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where NTPC Green 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.
* 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.
NTPC Green Energy (NSE:NTPCGREEN) has a PB Ratio of 4.13 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on NTPC Green Energy and its competitors. This is 10% below median its historical median of 4.58. Over the past decade, NTPC Green Energy's PB Ratio has ranged from 4.04 to 14.83. According to the industry distribution chart, NTPC Green Energy ranks #366 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 85.1%.
Is NTPC Green Energy's PB Ratio too high?
NTPC Green Energy's current PB Ratio of 4.13 is 10% below median its 10-year median of 4.58. Over the past 10 years, this metric has ranged from a low of 4.04 to a high of 14.83. The Utilities - Independent Power Producers industry median PB Ratio is 1.29. NTPC Green Energy's value of 4.13 is 221.4% above this industry median. Based on the distribution chart, NTPC Green Energy ranks #366 out of 430 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, NTPC Green Energy has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does NTPC Green Energy's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, NTPC Green Energy ranks #366 out of 430 companies for PB Ratio. This places NTPC Green Energy in the lower half of its industry. The industry median PB Ratio is 1.29. NTPC Green Energy's value of 4.13 is 221.4% above this benchmark. Historically, NTPC Green Energy's own PB Ratio has ranged from 4.04 to 14.83 over the past decade. While the company's 10-year median is 4.58 vs. the industry median of 1.29, NTPC Green Energy 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 1.29, based on 430 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. NTPC Green Energy's current PB Ratio of 4.13 is 221.4% 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 NTPC Green Energy and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTPC Green Energy's current PB Ratio is 4.13, which is 10% below median its own 10-year median of 4.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTPC Green Energy stock overvalued right now?
NTPC Green Energy (NSE:NTPCGREEN) has a current PB Ratio of 4.13. The current PB Ratio is 4.13, which is 10% below median its 10-year median of 4.58 and 221.4% above the Utilities - Independent Power Producers industry median of 1.29. NTPC Green Energy's overall GF Score™ is 10/100 with 5 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 NTPC Green Energy (NSE:NTPCGREEN), the current PB Ratio is 4.13 as of Jul. 17, 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.
NTPC Green Energy Ltd is a renewable energy public sector enterprise. It is engaged in the business of power generation through non-conventional, renewable energy sources in all its aspects, whether wind, hydro, solar, tidal, geothermal, biomass, wave, waste, hybrid, or any other form, and production of green molecules, etc. Geographically, the company's operations are mainly carried out within India.
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