MRF
|
The Current P/B Ratio of MRF is 3.72.
Share Price | ₹130,269.0 | Apr 26,2024 |
Market Cap | ₹54,713.0 Cr | |
Book Value | ₹14,707.7 Cr | Mar2023 - Consolidated Results |
Price/Book | 3.72x | 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 [ ₹54,713.0 Cr] as on Apr 26,2024
(/) Book Value [ ₹14,707.7 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 3.72x ]
Thus, for MRF , the investors are currently willing to pay '3.72 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 Mar2023 to Mar2019 averaged 2.25x.
- MRF 's operated at median p/b ratio of 2.27x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MRF 's p/b ratio peaked in Mar2021 at 2.6x.
- 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 | 14,707.70 | 3.72 | 54,713.0 |
BALKRISHNA INDUSTRIES LTD | 7,556.93 | 6.07 | 45,880.9 |
APOLLO TYRES LTD | 12,877.80 | 2.43 | 31,281.9 |
JK TYRE & INDUSTRIES LTD | 3,396.16 | 3.15 | 10,684.5 |
CEAT LTD | 3,439.64 | 2.97 | 10,223.8 |
TVS SRICHAKRA LTD | 1,034.18 | 3.08 | 3,182.4 |
GOODYEAR INDIA LTD | 605.81 | 4.45 | 2,694.6 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs MRF 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.43x |
Max industry PB | 6.07x |
Median industry PB | 3.15x |
Average industry PB | 3.69x |
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