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Mahanagar Gas Stock Valuation

NSE:MGL | REFINERIES

Share Price vs Book Value

10-year trend comparing market price with book value per share

FY 2016 - FY 2025

Mahanagar Gas Share Price vs Book Value — What It Means

Book Value Per Share (BVPS) represents the net asset value per share from the balance sheet — what shareholders would theoretically receive per share on liquidation. When Mahanagar Gas's share price trades above book value (P/B > 1), the market is pricing in growth, earnings power, or intangible assets beyond what the balance sheet shows. A P/B below 1 may signal undervaluation or fundamental concerns. Compare the gap between share price and BVPS over time to assess whether the stock is trading at a premium or discount.

Market Metrics

Key market metrics for Mahanagar Gas (MGL) listed on NSE. For refineries sector companies, these metrics provide a snapshot of Mahanagar Gas's market valuation and enterprise value, essential for comparing against intrinsic value estimates.

Share Price
₹1,080.80
Jun 3, 2026
Market Cap
₹106.76B
0.10B shares
Enterprise Value
₹105.24B
Market Cap + Net Debt

Stock Valuation Models for Mahanagar Gas (MGL)

We analyze Mahanagar Gas using multiple valuation models appropriate for REFINERIES companies. For REFINERIES companies, we use P/E Ratio Analysis, Discounted Cash Flow (DCF), and EPS Growth Valuation to determine fair value estimates for Mahanagar Gas stock.

Current PE Ratio & Historical PE Ratio - Mahanagar Gas

10-year Price-to-Earnings ratio trend

Jul 2016 - Jun 2026

P/E Ratio Analysis

Potentially Undervalued

Current P/E Ratio

10.26

Jun 03, 2026

5-Year Median P/E

13.02

5-Year Historical Median

Difference

-2.76

21.2%

Analysis: Mahanagar Gas's current P/E ratio is 21.2% below its 5-year median, suggesting the stock may be undervalued relative to its historical earnings performance.

What Does Mahanagar Gas's PE Ratio Tell Investors?

The P/E ratio measures how much investors pay for each rupee of earnings (Share Price / EPS). A higher PE suggests the market expects strong future growth, while a lower PE may indicate undervaluation or slower growth prospects. Compare Mahanagar Gas's current PE against its historical median and REFINERIES peers to gauge whether the stock is trading at a premium or discount relative to its earnings.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: FY 2025