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NCC
PB (Price/Book ) Ratio

The Current P/B Ratio of NCC is 2.13.

Share Price ₹225.2Jan 28,2025
Market Cap ₹14,138.1 Cr
Book Value₹6,639.7 CrMar2024 - Consolidated Results
Price/Book 2.13xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of NCC

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of NCC is calculated as :

Current Market Cap [ ₹14,138.1 Cr] as on Jan 28,2025

(/) Book Value [ ₹6,639.7 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 2.13x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for NCC , the investors are currently willing to pay '2.13 times book value' to own 1 share of the company.

PB Multiples are one of the most widely used valuation multiple in industry.

Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.

In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of NCC !

The chart below summarizes the trend in P/B Ratio of NCC over the last five years.

Historical PB (Price/Book ) ratio chart of NCC


PB Ratio Performance Analysis for NCC

- NCC 's latest p/b ratio is 2.13x.

- NCC 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.02x.

- NCC 's operated at median p/b ratio of 0.94x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NCC 's p/b ratio peaked in Mar2024 at 2.2x.

- NCC 's p/b ratio hit its five-year low in Mar2020 of 0.23x.


How does NCC 's P/B Ratio benchmark against top 10 peers in Engineering - Construction Industry?

Peer Comparison (Engineering - Construction Industry)Book ValuePB RatioMarket Cap
NCC 6,639.702.1314,138.1
LARSEN & TOUBRO LTD85,808.705.47469,518.0
RAIL VIKAS NIGAM LTD8,745.689.7284,995.8
GMR AIRPORTS INFRASTRUCTURE LTD-2,164.16-34.7075,106.0
IRB INFRASTRUCTURE DEVELOPERS LTD13,744.502.2230,503.0
IRCON INTERNATIONAL LTD5,870.923.0117,662.9
KEC INTERNATIONAL LTD4,095.705.0520,663.8
KALPATARU PROJECTS INTERNATIONAL LTD5,137.993.3817,377.0
GR INFRAPROJECTS LTD7,584.661.5912,062.1
STERLING AND WILSON RENEWABLE ENERGY LTD963.207.527,244.2
PNC INFRATECH LTD5,184.821.477,607.7

Engineering - Construction Industry Benchmark (Top 10) PB Analysis vs NCC 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -34.70x
Max industry PB 9.72x
Median industry PB 3.01x
Average industry PB 0.62x



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