CEAT
|
The Current P/B Ratio of CEAT is 2.85.
| Share Price | ₹3,545.4 | Nov 13,2026 |
| Market Cap | ₹14,358.7 Cr | |
| Book Value | ₹5,041.5 Cr | Mar2026 - Consolidated Results |
| Price/Book | 2.85x | 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 [ ₹14,358.7 Cr] as on Nov 13,2026
(/) Book Value [ ₹5,041.5 Cr] based on Mar2026 - Consolidated Results
(=) P/B Ratio [ 2.85x ]
Thus, for CEAT , the investors are currently willing to pay '2.85 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 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 Value | PB Ratio | Market Cap |
|---|---|---|---|
| CEAT | 5,041.51 | 2.85 | 14,358.7 |
| MRF LTD | 20,974.60 | 2.59 | 54,236.6 |
| BALKRISHNA INDUSTRIES LTD | 10,955.30 | 4.01 | 43,907.2 |
| APOLLO TYRES LTD | 16,698.90 | 1.60 | 26,715.5 |
| JK TYRE & INDUSTRIES LTD | 6,060.82 | 1.73 | 10,483.7 |
| TVS SRICHAKRA LTD | 1,190.18 | 2.78 | 3,313.0 |
| GOODYEAR INDIA LTD | 606.19 | 2.72 | 1,650.2 |
| TOLINS TYRES LTD | 361.24 | 0.96 | 346.9 |
| DOLFIN RUBBERS LTD | 38.92 | 4.61 | 179.3 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs CEAT 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 0.96x |
| Max industry PB | 4.61x |
| Median industry PB | 2.72x |
| Average industry PB | 2.65x |
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