Bharat Heavy Electricals Limited (BHEL.NS)

P/B ratio as of January 2026 : 3.89

According to Bharat Heavy Electricals Limited's latest financial reports the company has a price-to-book ratio of 3.50371.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Bharat Heavy Electricals Limited - P/B ratio (from 2013 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	3.77	17%
2024-12-31	3.22	24.95%
2023-12-31	2.58	149.91%
2022-12-31	1.03	28.67%
2021-12-31	0.8025	73.06%
2020-12-31	0.4637
2019-12-31	N/A
2014-12-31	N/A
2013-12-31	N/A

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Bharat Heavy Electricals Limited (BHEL.NS) - P/B ratio