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
8.62
5Y Avg PB
7.98
10Y Avg PB
7.98
15Y Avg PB
7.98
15Y Percentile
79.92%
Data As Of
26 Apr 2024
Frequently Asked Questions
The PB ratio (Price-to-Book ratio) of Nifty Tata Group 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 Tata Group's 10-year average PB is approximately 7.98. 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 Tata Group, tracking PB alongside PE helps provide a more complete valuation picture across different market cycles.