MAHINDRA & MAHINDRA
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The Current P/E Ratio of MAHINDRA & MAHINDRA is 22.54.
| Share Price | ₹3,332.4 | Aug 28,2026 |
| Market Cap | ₹414,383.9 Cr | |
| Earnings-TTM | ₹18,388.4 Cr | TTM-Consolidated Results |
| Price/Earnings | 22.54x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of MAHINDRA & MAHINDRA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹414,383.9 Cr] as on Aug 28,2026
(/) Earnings [ ₹18,388.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 22.54x ]
Thus, for MAHINDRA & MAHINDRA , the investors are currently willing to pay 22.54 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 MAHINDRA & MAHINDRA !
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 MAHINDRA & MAHINDRA over the last five years.
Historical PE (Price/Earnings) ratio chart of MAHINDRA & MAHINDRA
PE Ratio Performance Analysis for MAHINDRA & MAHINDRA
- MAHINDRA & MAHINDRA 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 17.50x.
- MAHINDRA & MAHINDRA 's operated at median p/e ratio of 19.01x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MAHINDRA & MAHINDRA 's p/e ratio peaked in Mar2025 at 23.02x.
- MAHINDRA & MAHINDRA 's p/e ratio hit its five-year low in Mar2023 of 12.55x.
How does MAHINDRA & MAHINDRA 's P/E Ratio benchmark against top 10 peers in Automobiles - Passenger Cars Industry?
| Peer Comparison (Automobiles - Passenger Cars Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| MAHINDRA & MAHINDRA | 18,388.40 | 22.54 | 414,383.9 |
| MARUTI SUZUKI INDIA LTD | 13,986.30 | 30.09 | 420,844.0 |
| HYUNDAI MOTOR INDIA LTD | 4,950.91 | 37.19 | 184,122.0 |
| TATA MOTORS PASSENGER VEHICLES LTD | -3,471.00 | -33.85 | 117,484.0 |
| MERCURY EVTECH LTD | 5.78 | 127.27 | 735.0 |
Automobiles - Passenger Cars Industry Benchmark (Top 10) PE Analysis vs MAHINDRA & MAHINDRA 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -33.85x |
| Max industry PE | 127.27x |
| Median industry PE | 30.09x |
| Average industry PE | 36.65x |
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