Bharat Electronics (NSE:BEL) ROE % Adjusted to Book Value: 3.04% (As of Mar. 2026)


NSE:BEL Bharat Electronics Ltd NSE:BEL
98 GF Score
Price ₹425.55
GF Value ₹396.32
Valuation Fairly Valued
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What is Bharat Electronics ROE % Adjusted to Book Value?

Bharat Electronics NSE:BEL +1.79% 98 ROE % Adjusted to Book Value is 3.04% as of Mar. 2026. GuruFocus rates NSE:BEL with a GF Score™ of 98/100 and a GF Value™ of ₹396.32 (Fairly Valued).

Bharat Electronics's ROE % for the quarter that ended in Mar. 2026 was 37.11%. Bharat Electronics's PB Ratio for the quarter that ended in Mar. 2026 was 12.21. Bharat Electronics's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 3.04%.


Bharat Electronics ROE % Adjusted to Book Value Related Terms


Bharat Electronics ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Bharat Electronics's ROE % Adjusted to Book Value 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.

Bharat Electronics ROE % Adjusted to Book Value Chart

Bharat Electronics Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.92 4.44 2.93 2.66 2.26

Bharat Electronics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.86 0.00 1.74 0.00 3.04

NSE:BEL vs SPCX, GE, RTX: ROE % Adjusted to Book Value Comparison

For the Aerospace & Defense subindustry, Bharat Electronics's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Bharat Electronics ROE % Adjusted to Book Value vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Bharat Electronics's ROE % Adjusted to Book Value falls into.


NSE:BEL
98GF Score
Bharat Electronics Ltd NSE:BEL
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Bharat Electronics ROE % Adjusted to Book Value Calculation

Bharat Electronics's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=27.58% / 12.21
=2.26%

Bharat Electronics's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=37.11% / 12.21
=3.04%

* 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.

What does a ROE % Adjusted to Book Value of 3.04% mean?
Bharat Electronics (NSE:BEL) has a ROE % Adjusted to Book Value of 3.04% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Bharat Electronics and its competitors.
Is Bharat Electronics' ROE % Adjusted to Book Value too high?
Bharat Electronics' current ROE % Adjusted to Book Value is 3.04%. Overall, Bharat Electronics has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Electronics' ROE % Adjusted to Book Value compare to SPCX and GE?
Bharat Electronics' ROE % Adjusted to Book Value of 3.04% can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Aerospace & Defense company?
A good ROE % Adjusted to Book Value depends on the Aerospace & Defense industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Bharat Electronics and its competitors. Bharat Electronics's current ROE % Adjusted to Book Value is 3.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Electronics stock overvalued right now?
Based on GuruFocus' analysis, Bharat Electronics (NSE:BEL) is currently considered Fairly Valued. The stock's GF Value™ is ₹396.32, compared to a current price of ₹425.55 — trading 7.4% above its estimated fair value. The current ROE % Adjusted to Book Value is 3.04%. Bharat Electronics' overall GF Score™ is 98/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Bharat Electronics (NSE:BEL), the current ROE % Adjusted to Book Value is 3.04% as of Mar. 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 Bharat Electronics (NSE:BEL) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Electronics stock appears to be overvalued. The current stock price of ₹425.55 is trading 7.4% above its estimated GF Value™ of ₹396.32. GuruFocus considers Bharat Electronics to be Fairly Valued.

Key valuation signals for NSE:BEL:

  • ROE % Adjusted to Book Value: 3.04%
  • GF Value™: ₹396.32 vs. price of ₹425.55 (7.4% above fair value)
  • GF Score™: 98/100

No single metric tells the full story. See the NSE:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bharat Electronics Business Description

Other Exchanges 500049:India
Address Outer Ring Road, Nagavara, Bengaluru, KA, IND, 560045
Bharat Electronics Ltd is an aerospace and defense company predominantly owned by the Indian government. It manufactures a wide range of specialized electronics and equipment for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. Its product portfolio includes unmanned systems, land-based radars, batteries, weapon systems, fuzes, simulators, and jammers, among others. It also provides cybersecurity and software products. A majority of the company's revenue is derived from the defense sector. Geographically, the company's key revenue is derived from India, and it also has international customers from countries like the United Kingdom, Israel, and others.
98GF Score

Get the complete analysis for NSE:BEL

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹425.55
Price
₹396.32
GF Value