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CEAT
PE (Price/Earnings) Ratio

The Current P/E Ratio of CEAT is 28.43.

Share Price ₹3,545.4Nov 13,2026
Market Cap ₹14,358.7 Cr
Earnings-TTM₹505.1 CrTTM-Consolidated Results
Price/Earnings28.43xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of CEAT

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 CEAT is calculated as :

Current Market Cap [ ₹14,358.7 Cr] as on Nov 13,2026

(/) Earnings [ ₹505.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 28.43x ]

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

Thus, for CEAT , the investors are currently willing to pay 28.43 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 CEAT !

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 CEAT over the last five years.

Historical PE (Price/Earnings) ratio chart of CEAT


PE Ratio Performance Analysis for CEAT

- CEAT 's latest p/e ratio is 28.43x.

- CEAT 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 28.95x.

- CEAT 's operated at median p/e ratio of 24.66x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, CEAT 's p/e ratio peaked in Mar2022 at 52.94x.

- CEAT 's p/e ratio hit its five-year low in Mar2024 of 16.85x.


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

Peer Comparison (Tyres & Allied Industry)Earnings-TTM (Cr)PE RatioMarket Cap
CEAT 505.1228.4314,358.7
MRF LTD2,276.4223.8354,236.6
BALKRISHNA INDUSTRIES LTD1,425.0030.8143,907.2
APOLLO TYRES LTD1,741.9715.3426,715.5
JK TYRE & INDUSTRIES LTD499.5120.9910,483.7
TVS SRICHAKRA LTD92.2535.913,313.0
GOODYEAR INDIA LTD58.0328.441,650.2
TOLINS TYRES LTD32.5710.65346.9
DOLFIN RUBBERS LTD7.0525.43179.3

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

Top 10 Industry PeersPE Ratio
Min industry PE 10.65x
Max industry PE 35.91x
Median industry PE 25.43x
Average industry PE 24.42x



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