Waaree Energies Ltd
WAAREEENER
Rank in Stocks
#2602
Established in 1989 and based in Mumbai, India, Waaree Energies Limited is a... Established in 1989 and based in Mumbai, India, Waaree Energies Limited is a leading manufacturer and global exporter of solar photovoltaic (PV) modules. The company supplies these advanced solar components for a diverse range of applications, spanning residential, commercial, industrial, and institutional sectors. Its operations are structured across three key divisions: solar PV module manufacturing, comprehensive EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) solutions, and an independent power producer (IPP) segment. Waaree's extensive product portfolio includes a wide array of module technologies, such as HJT, TOPCon, mono PERC, and polycrystalline variants, alongside flexible and specialized modules. Furthermore, it provides both off-grid and on-grid inverters, as well as essential solar-powered products like streetlights, water heaters, and water pumps. Beyond manufacturing, the company delivers end-to-end EPC services, ensuring the seamless development and implementation of solar projects, complemented by its robust O&M services for ongoing performance. In its capacity as an independent power producer, Waaree Energies actively generates renewable electricity.
Share Price
$25.06
Market Cap
$7.21B
Change (1 day)
-6.69%
Change (1 year)
-37.24%
Country
IN
Trade Waaree Energies Ltd (WAAREEENER)
Category
Technology
P/B ratio for Waaree Energies Ltd (WAAREEENER)
P/B ratio as of October 2026 TTM: 4.54
According to Waaree Energies Ltd latest financial reports and stock price the company's current price-to-book ratio (TTM) is 4.54. At the end of 2025 the company had a P/B ratio of 6.90.
P/B ratio history for Waaree Energies Ltd from 2017 to 2026
P/B ratio at the end of each year
| Year | P/B Ratio | Change |
|---|---|---|
| 2026 (TTM) | 4.54 | -34.18% |
| 2025 | 6.90 | -58.03% |
| 2024 | 16.44 | -55.03% |
| 2023 | 36.55 | -76.74% |
| 2022 | 157.12 | -17.55% |
| 2021 | 190.58 | 23.53% |
| 2020 | 154.28 | -13.73% |
| 2019 | 178.84 | -28.23% |
| 2018 | 249.20 | -34.88% |
| 2017 | 382.69 | 0.00% |
P/B ratio for similar companies or competitors
| Company | P/B Ratio | P/B Ratio Difference | Country |
|---|---|---|---|
| 1.8203 | -59.92% |
US
|
|
| 4.5562 | 0.32% |
US
|
|
| 1.1823 | -73.97% |
CN
|
|
| 9.0336 | 98.91% |
IN
|
|
| 3.5636 | -21.53% |
US
|
