Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Torrent PowerNSE:TORNTPOWER +0.41%88 PB Ratio is 3.80 as of Jul. 27, 2026, which is 78% above its 10-year median of 2.13. GuruFocus rates NSE:TORNTPOWER with a GF Score™ of 88/100 and a GF Value™ of ₹1,415.92 (Fairly Valued). The stock has 5 warning signs investors should review. Among 432 Utilities - Independent Power Producers companies, Torrent Power ranks worse than 81.71% 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), Torrent Power's share price is ₹1440.00. Torrent Power's Book Value per Share for the quarter that ended in Mar. 2026 was ₹378.55. Hence, Torrent Power's PB Ratio of today is 3.80.
The historical rank and industry rank for Torrent Power's PB Ratio or its related term are showing as below:
NSE:TORNTPOWER'
s PB Ratio Range Over the Past 10 Years
Min: 1.19 Med: 2.13 Max: 7.12
Current: 3.81
During the past 13 years, Torrent Power's highest PB Ratio was 7.12. The lowest was 1.19. And the median was 2.13.
NSE:TORNTPOWER's PB Ratio is ranked worse than 81.71% of 432
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.295
vs NSE:TORNTPOWER: 3.81
During the past 12 months, Torrent Power's average Book Value Per Share Growth Rate was 8.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Torrent Power was 21.20% per year. The lowest was 0.90% per year. And the median was 9.70% per year.
Back to Basics: PB Ratio
Torrent Power (NSE:TORNTPOWER) 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.
Torrent Power PB Ratio Related Terms
Torrent Power PB Ratio Historical Data
* Premium members only.
The historical data trend for Torrent 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:TORNTPOWER vs CEG, VST, NRG: PB Ratio Comparison
For the Utilities - Independent Power Producers subindustry, Torrent 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.
Torrent Power PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Torrent Power's PB Ratio distribution charts can be found below:
* The bar in red indicates where Torrent 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.
Torrent 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.
Torrent Power (NSE:TORNTPOWER) has a PB Ratio of 3.80 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 Torrent Power and its competitors. This is 78% above median its historical median of 2.13. Over the past decade, Torrent Power's PB Ratio has ranged from 1.19 to 7.12. According to the industry distribution chart, Torrent Power ranks #353 out of 432 companies in the Utilities - Independent Power Producers industry, placing it in the top 81.7%.
Is Torrent Power's PB Ratio too high?
Torrent Power's current PB Ratio of 3.80 is 78% above median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 7.12. The Utilities - Independent Power Producers industry median PB Ratio is 1.30. Torrent Power's value of 3.80 is 193.4% above this industry median. Based on the distribution chart, Torrent Power ranks #353 out of 432 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Torrent Power has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Torrent Power's PB Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Torrent Power ranks #353 out of 432 companies for PB Ratio. This places Torrent Power in the lower half of its industry. The industry median PB Ratio is 1.30. Torrent Power's value of 3.80 is 193.4% above this benchmark. Historically, Torrent Power's own PB Ratio has ranged from 1.19 to 7.12 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 1.30, Torrent 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. Torrent Power's current PB Ratio of 3.80 is 193.4% 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 Torrent 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. Torrent Power's current PB Ratio is 3.80, which is 78% above median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torrent Power stock overvalued right now?
Based on GuruFocus' analysis, Torrent Power (NSE:TORNTPOWER) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,415.92, compared to a current price of ₹1,440.00 — trading 1.7% above its estimated fair value. The current PB Ratio is 3.80, which is 78% above median its 10-year median of 2.13 and 193.4% above the Utilities - Independent Power Producers industry median of 1.30. Torrent Power's overall GF Score™ is 88/100 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 Torrent Power (NSE:TORNTPOWER), the current PB Ratio is 3.80 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 Torrent Power (NSE:TORNTPOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Torrent Power stock appears to be overvalued.
The current stock price of ₹1,440.00 is trading 1.7% above its estimated GF Value™ of ₹1,415.92.
GuruFocus considers Torrent Power to be Fairly Valued.
Key valuation signals for NSE:TORNTPOWER:
PB Ratio: 3.80 (78% above median its 10-year median of 2.13)
GF Value™: ₹1,415.92 vs. price of ₹1,440.00 (1.7% above fair value)
Industry Position: 193.4% above the Utilities - Independent Power Producers median (#353 of 432)
No single metric tells the full story. See the NSE:TORNTPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Torrent Power Ltd is an Indian utility company engaged in the business of power generation, transmission, and distribution. Both by itself and through its subsidiaries, Torrent Power operates a portfolio of gas, combined cycle, coal, wind, and solar power plants. The group's reportable segments are: Generation, Transmission and Distribution, and Renewables. The majority of its revenue is generated from the Transmission and Distribution segment, which comprises transmission and distribution business (licensed and franchisee) and related ancillary services. The Generation segment includes the generation of power from thermal sources (gas and coal) and trading of Regassified Liquified Natural Gas, and the Renewables segment includes generation of power from renewable energy sources.
88GF Score
Get the complete analysis for NSE:TORNTPOWER
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:TORNTPOWER has been successfully added to your 
