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APOLLO TYRES
PE (Price/Earnings) Ratio

The Current P/E Ratio of APOLLO TYRES is 20.33.

Share Price ₹439.2Jul 08,2026
Market Cap ₹27,893.6 Cr
Earnings-TTM₹1,371.8 CrTTM-Consolidated Results
Price/Earnings20.33xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of APOLLO TYRES

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

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of APOLLO TYRES is calculated as :

Current Market Cap [ ₹27,893.6 Cr] as on Jul 08,2026

(/) Earnings [ ₹1,371.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 20.33x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for APOLLO TYRES , the investors are currently willing to pay 20.33 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of APOLLO TYRES !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of APOLLO TYRES over the last five years.

Historical PE (Price/Earnings) ratio chart of APOLLO TYRES


PE Ratio Performance Analysis for APOLLO TYRES

- APOLLO TYRES 's latest p/e ratio is 20.33x.

- APOLLO TYRES 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 19.75x.

- APOLLO TYRES 's operated at median p/e ratio of 19.07x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, APOLLO TYRES 's p/e ratio peaked in Mar2025 at 24.05x.

- APOLLO TYRES 's p/e ratio hit its five-year low in Mar2024 of 17.2x.


How does APOLLO TYRES 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Earnings-TTM (Cr)PE RatioMarket Cap
APOLLO TYRES 1,371.8320.3327,893.6
MRF LTD2,420.1923.2956,376.6
BALKRISHNA INDUSTRIES LTD1,243.1033.7141,905.4
CEAT LTD681.4322.8815,593.5
JK TYRE & INDUSTRIES LTD774.1914.7811,440.8
TVS SRICHAKRA LTD71.0644.033,128.6
GOODYEAR INDIA LTD61.5029.021,784.7
TOLINS TYRES LTD35.6911.33404.2
DOLFIN RUBBERS LTD5.8129.21169.8

Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs APOLLO TYRES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 11.33x
Max industry PE 44.03x
Median industry PE 23.29x
Average industry PE 25.40x



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