Low P/B Stocks India 2026
Price-to-Book (P/B) ratio measures market value against accounting net assets. Stocks trading below 1× P/B mean the market values the company less than its book assets. This is common in PSU banks (NPA concerns), commodity companies (cyclical lows), and capital-intensive businesses. Low P/B can signal undervaluation — or hidden risks like unrecognized bad loans and obsolete assets.
Expert note: P/B below 1 means the market values the company at less than its net assets. This seems like a bargain — but often reflects market distrust of stated asset values (e.g., PSU bank NPAs, outdated manufacturing assets). Always ask: why is it cheap? Is it temporary or structural?
| # | Company | Sector | LTP | Market Cap | P/E | ROE % |
|---|---|---|---|---|---|---|
| 1 | Steel Authority of India Limited SAIL | Metal | ₹201.21 | ₹76355.44 Cr | 12.4 | 6.4% |
| 2 | Oil & Natural Gas Corporation Limited ONGC | Oil & Gas | ₹290 | ₹350675.20 Cr | 8.2 | 11.4% |
| 3 | Punjab National Bank PNB | Banking | ₹102.66 | ₹122682.56 Cr | 9.6 | 11.4% |
| 4 | Bank of Baroda BANKBARODA | Banking | ₹265.4 | ₹136436.30 Cr | 8.1 | 14.6% |
| 5 | Indian Oil Corporation Limited IOC | Oil & Gas | ₹139.47 | ₹204736.35 Cr | 10.6 | 14.2% |
| 6 | IDFC First Bank Limited IDFCFIRSTB | Banking | ₹68.88 | ₹55590.60 Cr | 18.6 | 7.8% |
| 7 | The Federal Bank Limited FEDERALBNK | Banking | ₹287.2 | ₹63314.25 Cr | 11.4 | 13.8% |
Prices as of 22 May 2026. P/E and ROE shown for top 200 companies by market cap (updated quarterly). Click any company for detailed profile, news, and 1-year chart.