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MRF
PB (Price/Book ) Ratio

The Current P/B Ratio of MRF is 3.39.

Share Price ₹149,139.0Jul 25,2025
Market Cap ₹62,638.4 Cr
Book Value₹18,488.5 CrMar2025 - Consolidated Results
Price/Book 3.39xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MRF

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 MRF is calculated as :

Current Market Cap [ ₹62,638.4 Cr] as on Jul 25,2025

(/) Book Value [ ₹18,488.5 Cr] based on Mar2025 - Consolidated Results

(=) P/B Ratio [ 3.39x ]

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

Thus, for MRF , the investors are currently willing to pay '3.39 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 latest p/b ratio is 3.39x.

- MRF 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged 2.59x.

- MRF 's operated at median p/b ratio of 2.58x 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 ValuePB RatioMarket Cap
MRF 18,488.503.3962,638.4
BALKRISHNA INDUSTRIES LTD10,387.605.0051,922.1
APOLLO TYRES LTD14,765.701.9628,890.7
CEAT LTD4,368.533.1313,676.6
JK TYRE & INDUSTRIES LTD4,850.381.959,455.1
TVS SRICHAKRA LTD1,183.901.942,294.7
GOODYEAR INDIA LTD602.953.762,267.3
TOLINS TYRES LTD100.536.13616.7

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

Top 10 Industry PeersPB Ratio
Min industry PB 1.94x
Max industry PB 6.13x
Median industry PB 3.39x
Average industry PB 3.41x



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