CEAT
|
The Current P/B Ratio of CEAT is 3.44.
| Share Price | ₹3,712.7 | Jan 20,2026 |
| Market Cap | ₹15,036.2 Cr | |
| Book Value | ₹4,368.5 Cr | Mar2025 - Consolidated Results |
| Price/Book | 3.44x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of CEAT
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹15,036.2 Cr] as on Jan 20,2026
(/) Book Value [ ₹4,368.5 Cr] based on Mar2025 - Consolidated Results
(=) P/B Ratio [ 3.44x ]
Thus, for CEAT , the investors are currently willing to pay '3.44 times book value' to own 1 share of the company.
PB Multiples are one of the most widely used valuation multiple in industry.
Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.
In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of CEAT !
The chart below summarizes the trend in P/B Ratio of CEAT over the last five years.
Historical PB (Price/Book ) ratio chart of CEAT
PB Ratio Performance Analysis for CEAT
- CEAT 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged 2.02x.
- CEAT 's operated at median p/b ratio of 1.9x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CEAT 's p/b ratio peaked in Mar2024 at 2.68x.
- CEAT 's p/b ratio hit its five-year low in Mar2022 of 1.15x.
How does CEAT 's P/B Ratio benchmark against top 10 peers in Tyres & Allied Industry?
| Peer Comparison (Tyres & Allied Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| CEAT | 4,368.53 | 3.44 | 15,036.2 |
| BALKRISHNA INDUSTRIES LTD | 10,387.60 | 4.50 | 46,753.8 |
| MRF LTD | 18,488.50 | 3.21 | 59,414.7 |
| APOLLO TYRES LTD | 14,765.70 | 2.16 | 31,863.0 |
| JK TYRE & INDUSTRIES LTD | 4,850.38 | 3.04 | 14,728.7 |
| TVS SRICHAKRA LTD | 1,183.90 | 2.49 | 2,944.5 |
| GOODYEAR INDIA LTD | 602.95 | 3.10 | 1,871.4 |
| TOLINS TYRES LTD | 324.43 | 1.42 | 459.7 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs CEAT 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.42x |
| Max industry PB | 4.50x |
| Median industry PB | 3.10x |
| Average industry PB | 2.92x |
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