NTPC (NSE:NTPC) ROE % Adjusted to Book Value: 11.67% (As of Mar. 2026)

NTPC NSE:NTPC +0.15% 87 ROE % Adjusted to Book Value is 11.67% as of Mar. 2026. GuruFocus rates NSE:NTPC with a GF Score™ of 87/100 and a GF Value™ of ₹350.42 (Fairly Valued). The stock has 4 warning signs investors should review.

NTPC's ROE % for the quarter that ended in Mar. 2026 was 20.65%. NTPC's PB Ratio for the quarter that ended in Mar. 2026 was 1.77. NTPC's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 11.67%.

NTPC ROE % Adjusted to Book Value Related Terms

NTPC ROE % Adjusted to Book Value Historical Data

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The historical data trend for NTPC'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.

NTPC ROE % Adjusted to Book Value Chart

NTPC Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

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Mar26

ROE % Adjusted to Book Value

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13.16

10.42

6.67

7.23

7.89

NTPC 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															8.80	0.00	6.13	0.00	11.67

NSE:NTPC vs NEE, SO, DUK: ROE % Adjusted to Book Value Comparison

For the Utilities - Regulated Electric subindustry, NTPC'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.

NTPC ROE % Adjusted to Book Value vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, NTPC's ROE % Adjusted to Book Value distribution charts can be found below:

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

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87GF Score

NTPC Ltd NSE:NTPC

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NTPC ROE % Adjusted to Book Value Calculation

NTPC'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
	=	13.97%	/	1.77
	=	7.89%

NTPC'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
	=	20.65%	/	1.77
	=	11.67%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 11.67% mean?

NTPC (NSE:NTPC) has a ROE % Adjusted to Book Value of 11.67% 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 NTPC and its competitors.

Is NTPC's ROE % Adjusted to Book Value too high?

NTPC's current ROE % Adjusted to Book Value is 11.67%. Overall, NTPC has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does NTPC's ROE % Adjusted to Book Value compare to NEE and SO?

NTPC's ROE % Adjusted to Book Value of 11.67% can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?

A good ROE % Adjusted to Book Value depends on the Utilities - Regulated 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 NTPC and its competitors. NTPC's current ROE % Adjusted to Book Value is 11.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NTPC stock overvalued right now?

Based on GuruFocus' analysis, NTPC (NSE:NTPC) is currently considered Fairly Valued. The stock's GF Value™ is ₹350.42, compared to a current price of ₹356.65 — trading 1.8% above its estimated fair value. The current ROE % Adjusted to Book Value is 11.67%. NTPC's overall GF Score™ is 87/100 with 4 warning signs to review. 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 NTPC (NSE:NTPC), the current ROE % Adjusted to Book Value is 11.67% 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 NTPC (NSE:NTPC) Overvalued in 2026?

Based on GuruFocus' analysis, NTPC stock appears to be overvalued. The current stock price of ₹356.65 is trading 1.8% above its estimated GF Value™ of ₹350.42. GuruFocus considers NTPC to be Fairly Valued.

Key valuation signals for NSE:NTPC:

ROE % Adjusted to Book Value: 11.67%
GF Value™: ₹350.42 vs. price of ₹356.65 (1.8% above fair value)
GF Score™: 87/100 with 4 warning signs

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

NTPC Business Description

Industry Utilities Utilities - Regulated

Comparable Companies BOM:532898 BOM:513683 BOM:500084 BOM:543655 BOM:517300 BOM:544042 NSE:DPSCLTD BOM:532219 BOM:523222 BOM:536709 NEE SO DUK LSE:NG.AEP D ETR XEL EXC XMAD:ELE

Other Exchanges 532555:India

Address NTPC Bhawan, Lodhi Road, 7 Institutional Area, Scope Complex, New Delhi, IND, 110 003

Website https://www.ntpc.co.in

NTPC Ltd is an Indian state-owned electric utility company. It is the power producer in India and supplies a amount of the nation's total needs. The company generates revenue through the sale of electricity to state-owned Indian power distribution companies from its stations throughout the country. NTPC also brings in a amount of revenue through its consultancy wing, which provides project management and supervision, energy trading, oil and gas exploration and coal mining. While the vast majority of its facilities use coal and gas fuel sources, NTPC has also increased its capacity through renewable energy sources, such as hydroelectric, solar, and thermal power, and plans to continue this trend going forward.

87GF Score

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

₹356.65

Price

₹350.42

GF Value

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