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NTPC PE ratio, market cap and valuation

NSE: NTPCBSE: 532555PowerLarge Cap

Formerly National Thermal Power Corporation
Last close ₹298.00down ₹4.60 (1.52%)BSE ₹298.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹302.60.

52-week range of traded prices to 23 Oct 2026
₹292.05Low, 23 Oct 2026₹414.40High, 27 Apr 2026
Market cap
₹2,88,961 Cr20th largest listed
P/E
10.4
P/B
1.4
Dividend yield
3.02%
ROE
14.3%
ROCE
8.1%
Debt to equity
1.27
Volume, NSE
87,51,89659.3% delivered

NTPC PE ratio and valuation against its own history

Each ratio on 23 Oct 2026 beside its median over each window. The ratios are on standalone accounts to Mar 2020 and consolidated from Mar 2021. The PE ratio is the market cap over the profit of the last twelve months.

  • Price to earnings10.41today

    1 year

    Median 13.31

    Today is at or above 0.4% of the 247 days

    3 years

    Median 14.66

    Today is at or above 0.1% of the 744 days

    5 years

    Median 13.13

    Today is at or above 33% of the 1,240 days

    10 years

    Median 12.56

    Today is at or above 35% of the 2,361 days

  • Price to book1.42today

    1 year

    Median 1.70

    Today is at or above 0.4% of the 247 days

    3 years

    Median 1.88

    Today is at or above 0.1% of the 744 days

    5 years

    Median 1.66

    Today is at or above 36% of the 1,240 days

    10 years, since Nov 2018

    Median 1.19

    Today is at or above 60% of the 1,975 days

  • Price to sales1.51today

    1 year

    Median 1.79

    Today is at or above 0.4% of the 247 days

    3 years

    Median 1.78

    Today is at or above 4% of the 744 days

    5 years

    Median 1.68

    Today is at or above 42% of the 1,240 days

    10 years

    Median 1.48

    Today is at or above 51% of the 2,480 days

  • EV to EBITDA9.30today

    1 year

    Median 10.75

    Today is at or above 0.4% of the 247 days

    3 years

    Median 10.76

    Today is at or above 4% of the 744 days

    5 years

    Median 10.01

    Today is at or above 35% of the 1,240 days

    10 years, since Nov 2018

    Median 9.87

    Today is at or above 37% of the 1,975 days

  • Dividend yield3.02%today

    1 year

    Median 2.51%

    Today is at or above 100% of the 247 days

    3 years

    Median 2.41%

    Today is at or above 92% of the 744 days

    5 years

    Median 2.66%

    Today is at or above 56% of the 1,240 days

    10 years

    Median 3.08%

    Today is at or above 47% of the 2,480 days

  • Earnings yield9.61%today

    1 year

    Median 7.51%

    Today is at or above 100% of the 247 days

    3 years

    Median 6.82%

    Today is at or above 100% of the 744 days

    5 years

    Median 7.62%

    Today is at or above 68% of the 1,240 days

    10 years

    Median 7.96%

    Today is at or above 65% of the 2,361 days

Each track ranks every trading day in the window from the day the ratio was lowest to the day it was highest; the dot is today. The share under it is how many of those days the ratio was at or below today's level, so a high share means today is higher than on most days in the window. A window is shown only when the ratio is held on most of its trading days; a day after a loss-making year has no P/E. Dividend yield is in per cent. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.

How each ratio is worked out, with today's figures

The twelve months: Filed 24 JulThe balance sheet: Filed 23 May

  • Price to earnings =Market cap÷Net profit, last twelve months₹27,763 Cr
  • Price to book =Market cap÷Net worth₹2,03,176 Cr
  • Price to sales =Market cap÷Revenue, last twelve months₹1,91,060 Cr
  • Enterprise value =Market cap+Borrowings₹2,67,258 Cr−Cash₹8,004 Cr
  • EV to EBITDA =Enterprise value÷Operating profit, last twelve months₹58,936 Cr
  • Market cap =Close×Shares in issue9,69,66,66,134at 30 Sep 2026

Consolidated accounts, the twelve months to Jun 2026, balance sheet at Mar 2026, ₹ crore.NTPC financials ›

NTPC valuation at each year end

On the last trading day of each March, the month the company's year ends.NTPC dividend history

RatioMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Market cap (₹ crore)1,06,2431,36,8751,39,9261,33,28083,3121,03,3181,30,9051,69,7893,25,6143,46,7533,59,407
Price to earnings10.113.614.712.96.39.08.29.816.715.814.9
Price to bookNo balance sheetNo balance sheetNo balance sheet1.30.80.81.01.22.12.11.9
Price to sales1.51.81.71.40.90.91.01.01.91.91.9
EV to EBITDANo balance sheetNo balance sheetOperating profit not stated10.49.48.59.08.111.010.811.0
Dividend yield2.60%2.63%2.89%3.69%3.56%5.30%5.30%4.14%2.23%2.31%2.39%
Earnings yield9.9%7.3%6.8%7.7%15.9%11.2%12.3%10.2%6.0%6.3%6.7%
A ratio that does not exist on the day says why in its cell. The ratios are on standalone accounts to Mar 2020 and consolidated from Mar 2021.

NTPC market cap, ten years

The last trading day of each month.

Market cap, ₹ crore

  • Market cap

Earnings per share, book value and enterprise value

From the close on 23 Oct 2026, with the last twelve months' results.

Enterprise value
₹5,48,215 Cr
P/E to growth
0.66
Earnings per share
₹28.63
Book value per share
₹209.53
Dividends, last 12 months
₹9.00
Public's market cap
₹1,41,302 Cr

Against Power Generation

35 listed companies in Power Generation, each priced on its last trading day; NTPC is 2nd among them by market cap. Each median leaves out NTPC itself and takes the other companies that have the figure.

Industry median P/E
18.5Across 19 other companies
Industry median P/B
1.5Across 29 other companies
Industry median EV/EBITDA
9.7Across 17 other companies
Industry median dividend yield
1.68%Across 9 other companies

Stakes in other listed companies

At market prices on 22 Oct 2026. Not published: the stakes are worth 21.6% of the company's own market cap, under the 25% this figure is about.

Its own market cap
₹2,93,421 Cr
Its stakes, at market
₹63,433 Cr