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Adani Green EnergyBOM:541450 -0.74%78 PB Ratio is 11.22 as of Aug. 12, 2026, which is 42% below its 10-year median of 19.43. GuruFocus rates BOM:541450 with a GF Score™ of 78/100 and a GF Value™ of ₹1,410.41 (Fairly Valued). The stock has 8 warning signs investors should review. Among 437 Utilities - Independent Power Producers companies, Adani Green Energy ranks worse than 96.11% on this metric.
During the past 12 months, Adani Green Energy's average Book Value Per Share Growth Rate was 58.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 38.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 56.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 45.50% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Adani Green Energy was 132.50% per year. The lowest was 10.60% per year. And the median was 41.60% 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 Green Energy PB Ratio Related Terms
Adani Green Energy PB Ratio Historical Data
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The historical data trend for Adani 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, Adani 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.
Adani Green Energy PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Adani Green Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Adani 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.
Adani Green Energy (BOM:541450) has a PB Ratio of 11.22 as of Aug. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Adani Green Energy and its competitors. This is 42% below median its historical median of 19.43. Over the past decade, Adani Green Energy's PB Ratio has ranged from 2.79 to 172.82. According to the industry distribution chart, Adani Green Energy ranks #420 out of 437 companies in the Utilities - Independent Power Producers industry, placing it in the top 96.1%.
Is Adani Green Energy's PB Ratio too high?
Adani Green Energy's current PB Ratio of 11.22 is 42% below median its 10-year median of 19.43. Over the past 10 years, this metric has ranged from a low of 2.79 to a high of 172.82. The Utilities - Independent Power Producers industry median PB Ratio is 1.33. Adani Green Energy's value of 11.22 is 743.6% above this industry median. Based on the distribution chart, Adani Green Energy ranks #420 out of 437 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Adani Green Energy has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adani Green Energy's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Adani Green Energy ranks #420 out of 437 companies for PB Ratio. This places Adani Green Energy in the lower half of its industry. The industry median PB Ratio is 1.33. Adani Green Energy's value of 11.22 is 743.6% above this benchmark. Historically, Adani Green Energy's own PB Ratio has ranged from 2.79 to 172.82 over the past decade. While the company's 10-year median is 19.43 vs. the industry median of 1.33, Adani 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 1.33, based on 437 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 Green Energy's current PB Ratio of 11.22 is 743.6% 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 Green Energy and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Green Energy's current PB Ratio is 11.22, which is 42% below median its own 10-year median of 19.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Green Energy stock overvalued right now?
Based on GuruFocus' analysis, Adani Green Energy (BOM:541450) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,410.41, compared to a current price of ₹1,359.80 — trading 3.6% below its estimated fair value. The current PB Ratio is 11.22, which is 42% below median its 10-year median of 19.43 and 743.6% above the Utilities - Independent Power Producers industry median of 1.33. Adani Green Energy's overall GF Score™ is 78/100 with 8 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 Adani Green Energy (BOM:541450), the current PB Ratio is 11.22 as of Aug. 12, 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 Green Energy (BOM:541450) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Green Energy stock appears to be undervalued.
The current stock price of ₹1,359.80 is trading 3.6% below its estimated GF Value™ of ₹1,410.41.
GuruFocus considers Adani Green Energy to be Fairly Valued.
Key valuation signals for BOM:541450:
PB Ratio: 11.22 (42% below median its 10-year median of 19.43)
GF Value™: ₹1,410.41 vs. price of ₹1,359.80 (3.6% below fair value)
Industry Position: 743.6% above the Utilities - Independent Power Producers median (#420 of 437)
No single metric tells the full story. See the BOM:541450 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Green Energy Ltd sells renewable power generated from wind power project under long term Power Purchase Agreement (PPA) and also engaged in sale of solar & wind power equipments, project management consultancy Services and other related ancillary activities. The company has only one reportable segment.
78GF Score
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