PB Ratio Snapshot
PB ratio is especially useful for financial-heavy indices. This page compares the current PB with the index history rather than broad-market averages.
Current PB
2.09
5Y Avg PB
2.57
10Y Avg PB
2.86
15Y Avg PB
2.85
15Y Percentile
4.50%
Data As Of
05 Jun 2026
Historical Market Crashes: PE & PB Context
How does Nifty Private Bank today compare with major market crashes? This table shows PE and PB at crash peaks and troughs to give historical context.
| Event | Period | Peak PE | Trough PE | Peak PB | Trough PB | Drawdown |
|---|---|---|---|---|---|---|
| 🦠2020 COVID Crash | Jan 2020 → Mar 2020 | 38.15 | 16.74 | 3.40 | 1.79 | -47.7% |
| 📊 Current | Today | 17.28 | — | 2.09 | — | — |
Peak and trough dates are approximate based on available index data. Drawdown shows the price decline from peak to trough.
Frequently Asked Questions
The PB ratio (Price-to-Book ratio) of Nifty Private Bank measures the price investors pay per unit of book value. It compares the index level with the aggregate net asset value of all constituents. A PB above 1 means the market values the index above its book value.
A good PB ratio depends on the sector composition and historical averages. Nifty Private Bank's 10-year average PB is approximately 2.86. Financial-heavy indices tend to trade closer to book value, while growth-oriented indices trade at higher PB multiples.
A lower PB often signals better value, especially for financial-heavy indices like banking indices. However, a very low PB may also indicate poor return on equity or asset quality concerns. Always evaluate PB in the context of the sector and alongside PE and dividend yield.
The PB ratio on Index Screener is updated daily based on the latest available market data from NSE. The data is refreshed after market close on each trading day.
PB ratio is especially important for indices with significant financial sector exposure, where book value closely reflects tangible assets. For Nifty Private Bank, tracking PB alongside PE helps provide a more complete valuation picture across different market cycles.