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CEAT
PB (Price/Book ) Ratio

The Current P/B Ratio of CEAT is 2.59.

Share Price ₹3,228.5Oct 08,2026
Market Cap ₹13,075.4 Cr
Book Value₹5,041.5 CrMar2026 - Consolidated Results
Price/Book 2.59xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of CEAT

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of CEAT is calculated as :

Current Market Cap [ ₹13,075.4 Cr] as on Oct 08,2026

(/) Book Value [ ₹5,041.5 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 2.59x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for CEAT , the investors are currently willing to pay '2.59 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 latest p/b ratio is 2.59x.

- CEAT 's p/b ratio for fiscal years ending Mar2026 to Mar2022 averaged 2.16x.

- CEAT 's operated at median p/b ratio of 2.6x 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 ValuePB RatioMarket Cap
CEAT 5,041.512.5913,075.4
MRF LTD20,974.602.4851,915.9
BALKRISHNA INDUSTRIES LTD10,955.303.5238,566.8
APOLLO TYRES LTD16,698.901.5325,524.7
JK TYRE & INDUSTRIES LTD6,060.821.579,522.2
TVS SRICHAKRA LTD1,190.182.743,259.0
GOODYEAR INDIA LTD606.192.571,560.8
TOLINS TYRES LTD361.240.94340.0
DOLFIN RUBBERS LTD38.924.35169.1

Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs CEAT 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.94x
Max industry PB 4.35x
Median industry PB 2.57x
Average industry PB 2.48x



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