Bharat Electronics (NSE:BEL) PB Ratio : 11.22 (As of May. 08, 2024)

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What is Bharat Electronics PB Ratio?

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 (2024-05-08), Bharat Electronics's share price is ₹227.40. Bharat Electronics's Book Value per Share for the quarter that ended in Dec. 2023 was ₹20.27. Hence, Bharat Electronics's PB Ratio of today is 11.22.

The historical rank and industry rank for Bharat Electronics's PB Ratio or its related term are showing as below:

NSE:BEL' s PB Ratio Range Over the Past 10 Years
Min: 1.44 Med: 4.34 Max: 11.55
Current: 11.44

During the past 13 years, Bharat Electronics's highest PB Ratio was 11.55. The lowest was 1.44. And the median was 4.34.

NSE:BEL's PB Ratio is ranked worse than
93.03% of 287 companies
in the Aerospace & Defense industry
Industry Median: 2.61 vs NSE:BEL: 11.44

During the past 3 years, the average Book Value Per Share Growth Rate was 11.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 7.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bharat Electronics was 27.10% per year. The lowest was 1.80% per year. And the median was 12.50% per year.

Back to Basics: PB Ratio

Bharat Electronics PB Ratio Historical Data

The historical data trend for Bharat Electronics'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.

* Premium members only.

Bharat Electronics PB Ratio Chart

Bharat Electronics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

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2.47

1.80

2.76

4.18

5.14

Bharat Electronics Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															5.71	-	5.14	6.82	-

Competitive Comparison of Bharat Electronics's PB Ratio

For the Aerospace & Defense subindustry, Bharat Electronics'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.

Bharat Electronics's PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's PB Ratio distribution charts can be found below:

* The bar in red indicates where Bharat Electronics's PB Ratio falls into.

Bharat Electronics PB Ratio Calculation

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.

Bharat Electronics's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	227.40	/	20.269
	=	11.22

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Bharat Electronics (NSE:BEL) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.

Bharat Electronics PB Ratio Related Terms

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Bharat Electronics (NSE:BEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Bharat Electronics Ltd (NSE:BEL) » Definitions » PB Ratio

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Traded in Other Exchanges

500049:India

Address

Outer Ring Road, Nagavara, Bengaluru, KA, IND, 560 045

Website

https://bel-india.in

Bharat Electronics Ltd is an aerospace and defense company owned by the Indian government. It manufactures a wide range of specialized electronics 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. With approximately three fourths of its revenue derived from the defense sector, relationships with government officials and military camps are critical. The company created a marketing division to take advantage of export opportunities. It ships products to countries with favorable relationships to India and looks to identify long-term supply chain relationships with global players.

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