Best P/B Ratio Stocks 2026 for Multibagger Returns

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Investors use several metrics to determine whether purchasing stocks in a company will be profitable in relation to their investment objectives. In 2026, investors are expected to pay closer attention to the Price-to-Book (P/B) ratio of stocks 2026, considered the most reliable valuation metric for fundamentally strong companies. Market volatility and attractive investment trends enable investors to invest in the best P/B Ratio Stocks for 2026. 

A company with a moderate P/B ratio, strong fundamentals, and innovative capabilities are considered the best P/B Ratio for 2026, highlighting various investment options for investors to consider. These are the best P/B Ratio Stocks for 2026 that increase the initial investment of the investors many times.   

What is the P/B Ratio?

 The good P/B Ratio (Price to Book Ratio) refers to the comparison of a company’s current market value to its book value. The market price is the current stock price of all outstanding shares. The book value of the company is the net value of all its assets after deducting all Liabilities. It reflects the amount shareholders are paying for the company’s net assets. Many investors use the good P/B Ratio to find undervalued stocks. A good P/B Ratio is a forward-looking metric that reflects a company’s Future Cash Flows. 

To understand the concept of the best P/B Ratio Stocks for 2026, investors must examine various financial metrics, including revenue multiples, debt-to-equity ratios, and Best P/B Ratios. These all fundamentals help investors to analyse the best P/B Ratio stocks for 2026. 

Overview of the Best P/B Ratio Stocks for 2026 in India 

In 2026, the investment in the Best P/B Ratio Stocks may continues to guide investors towards stocks with real value. It helps them to generate multibagger returns in the near future, so look those companies currently robust the best P/B Ratio for identifying opportunities in an expensive market. 

Here is the list of the best P/B Ratio stocks for 2026 in India: Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC of India.

1. Reliance Industries Ltd. 

Founded: 1957

Headquarters: Mumbai

Market Capitalisation: ₹18,73,977 crore

Reliance Industries Ltd. is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 86th largest company worldwide. Reliance Industries is a Fortune 500 company and the largest private sector corporation in India.

The Market Capitalisation of Reliance Industries for FY2024-25 is approximately ₹17,25,378 crore ($201.9 billion), and it is considered the first Indian Company to consolidate a total equity of over ₹10,00,000 crore ($117 billion). It is one of the largest taxpayers (direct and indirect) in India. The total contribution to the National Exchequer for FY2023-24 is approximately ₹1,86,440 crore ($22.4 billion).

2. HDFC Bank 

Founded: 1994

Headquarters: Mumbai, Maharashtra

Market Capitalisation: ₹15,09,154 crore

HDFC Bank Limited is an Indian Banking and financial services company, and is considered India’s largest private sector bank by assets and market capitalisation. The Reserve Bank of India (RBI) has identified HDFC Bank. In 2023, it was the sixteenth-largest employer in India, with over 173,000 employees, following its takeover of the parent company. HDFC Bank offers a range of products and services. It is considered one of the best P/B Ratio stocks for 2026 in India. 

3. Bharti Airtel Ltd. 

Founded: 1995

Headquarters: New Delhi

Market Capitalisation: ₹10,99,936 crore

Bharti Airtel Limited is an Indian multinational telecommunications company that provides 5G, 4G, and LTE Advanced services throughout India. It is the second-largest mobile network operator in India, with an operating income of ₹94,249 crore, a net income of ₹37,481 crore, and total assets of ₹514,360 crore. Investors can consider Bharti Airtel Ltd. as one of the best P/B Ratio stocks for 2026 in India.   

4. Tata Consultancy Services 

Founded: 1968

Headquarters: Mumbai, Maharashtra

Market Capitalisation: ₹10,75,911 crore

Tata Consultancy Services is an Indian multinational technology company that specialises in information technology services and consulting. Tata Sons owned 71.74% of TCS and nearly 80% of Tata Sons. The operating income of the Tata Consultancy Services is ₹65,331 crore, the Net income is ₹48,797 crore, and the total assets are ₹159,629 crore. Investors can consider Tata Consultancy Services as the best stock with the best P/B ratio for 2026 in India.  

5. ICICI Bank

Founded: 1955

Headquarters: Mumbai, Maharashtra

Market Capitalisation: ₹9,82,830 crore

ICICI Ltd. is an Indian multinational bank and financial services company that offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialised subsidiaries in the areas of investment banking, life insurance, and non-life insurance. ICICI Bank is considered the best P/B Ratio stock for 2026 in India. The total Revenue for FY25 is ₹2.946 trillion, with an operating income of ₹777.59 billion, and a total net income of ₹510.29 billion. It is considered one of the best P/B Ratio stocks for 2026 in India

6.  State Bank of India 

Founded: 1955

Headquarters: Mumbai, Maharashtra

Market Capitalisation: ₹7,98,172 crore

State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body, headquartered in Mumbai. It is also the tenth-largest employer in India, with nearly 250,000 employees. As of 2024, SBI has 500 million customers, and the total revenue of SBI for FY25 is ₹5.24 trillion, with the operating income of ₹1.10 trillion; the total net income is approximately ₹709.1 billion. As of September 2025, the SBI group had 63,580 ATMs and 82,900 BC outlets. In 2024-25, the bank had 241 overseas offices spread over 36 countries, with the most considerable presence in foreign markets among Indian banks. It is considered one of the best P/B Ratio stocks for 2026 in India

7. Bajaj Finance of India   

Founded: 1987

Headquarters: Pune, India

Market Capitalisation: ₹6,32,546 crore

Bajaj Finance Limited (BFL) is a deposit-taking Indian non-banking financial company headquartered in Pune. It has a customer base of 101.82 million and holds assets under management worth ₹416,743 crore, as of March 2025. The total revenue for FY25 is ₹69,725 crore, the operating income is ₹26,388 crore, and the net income is ₹16,779 crore. In September 2025, Bajaj Finance amended its Fair Disclosure Code in accordance with SEBI’s PIT Regulations, as approved by the board. Earlier in the same month, the company clarified regarding the unawareness of the reasons for the significant volume. It is considered one of the best P/B Ratio stocks for 2026 in India.

8. Infosys

 Founded: 1981

Headquarters: Bengaluru, Karnataka 

Market Capitalisation: ₹6,05,918 crore

Infosys Limited is an Indian Multinational Technology company that offers information technology, business consulting, and outsourcing services. Infosys shares are listed on the BSE, where they are part of the BSE SENSEX, and on the NSE, where they are included in the Nifty 50 Index. Infosys also trades its shares through American Depository Receipts (ADRs) on the New York Stock Exchange. In the fiscal year 2023-24, Infosys generated approximately 61% of its revenue from North America, 25% from Europe, and 3% from India. It is considered one of the best P/B Ratio stocks for 2026 in India

9. Hindustan Unilever 

  Founded: 1933

Headquarters: Mumbai, Maharashtra

Market Capitalisation: ₹5,91,439 crore

Hindustan Unilever Limited (HUL) is an Indian fast-moving consumer goods company that manufactures a range of products, including foods, beverages, cleaning agents, and personal care products. The net income of Hindustan Unilever Ltd. is ₹103 billion, the total assets are ₹785 billion, and the total equity is ₹514 billion. Investors seeking stocks that offer long-term growth and stability should consider this as the best P/B Ratio stock for 2026. 

10.  LIC of India 

Founded: 1956

Headquarters: Mumbai, Maharashtra

Market Capitalisation: ₹5,77,061 crore

The Life Insurance Corporation (LIC) is an Indian public sector life insurance company headquartered in Mumbai. It is India’s largest insurance company and its largest institutional investor with total assets under management worth ₹54.52 lakh crore as of March 2025. The total revenue of the LIC of India is ₹8.88 lakh crore, the net operating income is ₹56,267 crore, and the total net income is ₹48,320 crore. The LIC benefited from this process and, in 2013, reported that the first-year premium compound annual growth rate (CAGR) was 24.53%, while the total life premium CAGR was 19.28%.

Reasons for Investing in the Best P/B Ratio Stocks for 2026

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• Margin of Safety: Investors who are reliable investors and willing to invest in the best P/B/Ratio Stocks in 2026, so investing in a stock for less than its net asset value provides a margin of safety. This means that there are still supporting assets in the period of decline.  
• Undervalued Opportunities: When the market price of a stock is below its book value, investors can gain profit from the stock’s appreciation in the market, making it beneficial for investing in the best P/B Ratio stocks for 2026.
• Turnaround Potential: A company may have a low P/B ratio due to an economic downturn or the downward phase of the economy. However, if the company is in a recovery position, it shifts towards capital gains.
• Asset-backed Value: This approach is particularly essential for asset-intensive industries, such as banking, real estate, and manufacturing. These companies hold significant importance in offering exposure to tangible and other assets, which is beneficial for investing in the best P/B Ratio stocks for 2026.

Best P/B Ratio Stocks for 2026 with P/E Ratio

Factors Affecting the Best P/B Ratio Stocks for 2026

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• Financial Health: Investors must assess the profitability, book value components, cash flow, and debt status, as well as review the company’s past performance, before investing in the best P/B Ratio Stocks for 2026.
• Business model and assets: The Business model and assets structure of the company influence investors’ decisions when making informed choices. P/B Ratio Stocks for 2026 provides a well-maintained business structure for navigating business risks.
• Economic Environment: The economic environment encompasses inflation rates, interest rates, recessions, and volatility, which impact the cost of equity and a company’s profitability. Higher rates can increase borrowing costs and growth.
• Government Policies: Supportive and restrictive government policies and regulations can either boost or hinder the company’s prospects; these policies can impact tax policies, innovation incentives, and market regulations.

Best P/B Ratio Stocks for 2026 with Dividend Yield

Benefits of Investing in the Best P/B Ratio Stocks for 2026

• Margin of Safety: Investors who are reliable investors and willing to invest in the best P/B/Ratio Stocks in 2026, so investing in a stock for less than its net asset value provides a margin of safety. This means that there are still supporting assets in the period of decline.  
• Dividend Stability: Companies with low P/B Ratios and strong underlying assets may be able to retain dividend payouts, providing long-term growth and stability to investors after investing in the best P/B Ratio Stocks for 2026.
• Turnaround Potential: A company may have a low P/B ratio due to an economic downturn or the downward phase of the economy. However, if the company is in a recovery position, it shifts towards capital gains.
• India’s Economic Growth: India is considered a powerhouse of global economic performance, offering investors the opportunity to invest in the best multibagger stocks for 2026. Sectors such as renewable energy, manufacturing, and technology are driving the productivity of multibagger opportunities. An investor can benefit from a higher return, as it contributes to the country’s economic wealth.   
• Diversified Investment: The best P/B Ratio stocks for 2026 in India, with good profitability, offer an optimal investment portfolio for protection against significant losses. They can diversify the portfolio by increasing some potential investment options to offset the previous losses. 

Best P/B Ratio Stocks for 2026 with 6 Months Returns 

Risk Affecting the Best P/B Ratio Stocks for 2026

• Ignores Intangible Assets: For low asset businesses, such as technology or service companies, the P/B Ratio is less meaningful. The balance sheet does not reflect the accounts for intangible assets, so it is considered a higher risk for investing in the best P/B Ratio Stocks for 2026.
• Affected by Accounting Standards: Various accounting standards and methods, such as recent company actions like write-offs or acquisitions, can negatively impact the P/B Ratio. It can affect the book value of the best P/B Ratio Stocks for 2026.
• Limited insights into future growth: The P/B Ratio is a backwards-looking method that uses historical accounting values, and it does not provide insight into the company’s future earnings.   
• Organisational Performance: If the company’s growth does not materialise, the stock is likely to underperform and may incur significant losses for the Indian Stock Market. The undervalued stocks of the company may be considered risky for investing in the Best P/B Ratio stocks for 2026 in India. 

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How to Invest in the Best P/B Ratio Stocks of 2026?

Investors shall follow the steps given below for investing in the best P/B Ratio Stocks for 2026 in India:

Step 1: Investors should evaluate the reasons behind the investment and assess the optimal method for investing.

Step 2: Research the best P/B Ratio stocks for 2026 in India to make informed decisions. 

Step 3: To generate the higher returns, choose the best shares to grow fundamentally.

Step 4: Open the demat account and place a buy order for the quantity of stocks you wish to purchase.

Step 5: Execute the order and start tracking your portfolio from day one to identify the proper exit position for profit booking.

Conclusion

A company with a moderate P/B ratio, strong fundamentals, and innovative capabilities are considered the best P/B Ratio for 2026, highlighting various investment options for investors to consider. These are the best P/B Ratio Stocks for 2026 that increase the initial investment of the investors many times. Investors who are reliable investors and willing to invest in the best P/B/Ratio Stocks in 2026, so investing in a stock for less than its net asset value provides a margin of safety. This means that there are still supporting assets in the period of decline. A company may have a low P/B ratio due to an economic downturn or the downward phase of the economy. However, if the company is in a recovery position, it shifts towards capital gains. Supportive and restrictive government policies and regulations can either boost or hinder the company’s prospects; these policies can impact tax policies, innovation incentives, and market regulations.

FAQs

What is the P/B Ratio in stocks?

Ans. The good P/B Ratio (Price to Book Ratio) refers to the comparison of a company’s current market value to its book value. The market price is the current stock price of all outstanding shares. The book value of the company is the net value of all its assets after deducting all Liabilities. 

What is considered a good P/B Ratio?

Ans. Generally, a P/B Ratio below 1 indicates that the stock may be undervalued, meaning it trades below its actual asset value. However, for high-growth sectors like technology or FMCG, a high P/B Ratio is a strong potential.

What are the benefits of investing in the best P/B Ratio stocks for 2026?

Ans. Investors who are reliable investors and willing to invest in the best P/B/Ratio Stocks in 2026, so investing in a stock for less than its net asset value provides a margin of safety. This means that there are still supporting assets in the period of decline. Companies with low P/B Ratios and strong underlying assets may retain dividend payouts, providing long-term growth and stability to investors after investing in the best P/B Ratio Stocks for 2026.

Which sectors usually have the best P/B Ratios?

Ans. Sectors such as banking, oil & gas, metals, and infrastructure often have lower P/B Ratios compared to high-growth industries. These sectors can hold significant tangible assets, which is beneficial to invest in the best P/B Ratio stock for 2026.

What are the risks involved in the best P/B Ratio stocks in India?

Ans. For low asset businesses, such as technology or service companies, the P/B Ratio is less meaningful. The balance sheet does not reflect the accounts for intangible assets, so it is considered a higher risk for investing in the best P/B Ratio Stocks for 2026. The P/B Ratio is a backwards-looking method that uses historical accounting values, and it does not provide insight into the company’s future earnings.   

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