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CEAT
PE (Price/Earnings) Ratio

The Current P/E Ratio of CEAT is 20.80.

Share Price ₹3,499.7Jun 23,2026
Market Cap ₹14,173.8 Cr
Earnings-TTM₹681.4 CrTTM-Consolidated Results
Price/Earnings20.80xCalculated 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 [ ₹14,173.8 Cr] as on Jun 23,2026

(/) Earnings [ ₹681.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 20.80x ]

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 20.80 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 20.80x.

- CEAT 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 28.12x.

- 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 Mar2021 of 14.62x.


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 681.4320.8014,173.8
MRF LTD2,420.1923.0255,706.1
BALKRISHNA INDUSTRIES LTD1,243.1034.5142,900.0
APOLLO TYRES LTD1,371.8319.5726,845.7
JK TYRE & INDUSTRIES LTD774.1915.1511,729.1
TVS SRICHAKRA LTD71.0645.643,243.1
GOODYEAR INDIA LTD61.5028.701,764.9
TOLINS TYRES LTD35.6911.91425.1
DOLFIN RUBBERS LTD5.8129.54171.7

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

Top 10 Industry PeersPE Ratio
Min industry PE 11.91x
Max industry PE 45.64x
Median industry PE 23.02x
Average industry PE 25.43x



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