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CEAT
PE (Price/Earnings) Ratio

The Current P/E Ratio of CEAT is 22.64.

Share Price ₹3,809.1Jul 02,2026
Market Cap ₹15,426.7 Cr
Earnings-TTM₹681.4 CrTTM-Consolidated Results
Price/Earnings22.64xCalculated 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 [ ₹15,426.7 Cr] as on Jul 02,2026

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

(=) P/E Ratio [ 22.64x ]

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 22.64 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 22.64x.

- 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 681.4322.6415,426.7
MRF LTD2,420.1923.1355,981.5
BALKRISHNA INDUSTRIES LTD1,243.1034.6643,087.5
APOLLO TYRES LTD1,371.8321.1228,966.9
JK TYRE & INDUSTRIES LTD774.1915.5112,004.4
TVS SRICHAKRA LTD71.0646.593,310.8
GOODYEAR INDIA LTD61.5030.021,846.0
TOLINS TYRES LTD35.6912.14433.2
DOLFIN RUBBERS LTD5.8129.63172.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 12.14x
Max industry PE 46.59x
Median industry PE 23.13x
Average industry PE 26.16x



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