MRF
|
The Current P/B Ratio of MRF is 2.46.
| Share Price | ₹123,045.0 | Oct 01,2026 |
| Market Cap | ₹51,678.9 Cr | |
| Book Value | ₹20,974.6 Cr | Mar2026 - Consolidated Results |
| Price/Book | 2.46x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of MRF
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹51,678.9 Cr] as on Oct 01,2026
(/) Book Value [ ₹20,974.6 Cr] based on Mar2026 - Consolidated Results
(=) P/B Ratio [ 2.46x ]
Thus, for MRF , the investors are currently willing to pay '2.46 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 MRF !
The chart below summarizes the trend in P/B Ratio of MRF over the last five years.
Historical PB (Price/Book ) ratio chart of MRF
PB Ratio Performance Analysis for MRF
- MRF 's p/b ratio for fiscal years ending Mar2026 to Mar2022 averaged 2.59x.
- MRF 's operated at median p/b ratio of 2.57x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MRF 's p/b ratio peaked in Mar2024 at 3.38x.
- MRF 's p/b ratio hit its five-year low in Mar2022 of 1.96x.
How does MRF 's P/B Ratio benchmark against top 10 peers in Tyres & Allied Industry?
| Peer Comparison (Tyres & Allied Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| MRF | 20,974.60 | 2.46 | 51,678.9 |
| BALKRISHNA INDUSTRIES LTD | 10,955.30 | 3.67 | 40,244.8 |
| APOLLO TYRES LTD | 16,698.90 | 1.54 | 25,750.2 |
| CEAT LTD | 5,041.51 | 2.64 | 13,296.2 |
| JK TYRE & INDUSTRIES LTD | 6,060.82 | 1.62 | 9,811.9 |
| TVS SRICHAKRA LTD | 1,190.18 | 2.79 | 3,323.5 |
| GOODYEAR INDIA LTD | 606.19 | 2.65 | 1,604.0 |
| TOLINS TYRES LTD | 361.24 | 0.93 | 337.4 |
| DOLFIN RUBBERS LTD | 38.92 | 4.46 | 173.5 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs MRF 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 0.93x |
| Max industry PB | 4.46x |
| Median industry PB | 2.64x |
| Average industry PB | 2.53x |
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