MAHINDRA & MAHINDRA
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The Current P/E Ratio of MAHINDRA & MAHINDRA is 22.70.
| Share Price | ₹3,040.8 | Jun 05,2026 |
| Market Cap | ₹378,117.3 Cr | |
| Earnings-TTM | ₹16,656.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 22.70x | 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 [ ₹378,117.3 Cr] as on Jun 05,2026
(/) Earnings [ ₹16,656.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 22.70x ]
Thus, for MAHINDRA & MAHINDRA , the investors are currently willing to pay 22.70 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 Mar2025 to Mar2021 averaged 23.38x.
- 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 Mar2021 at 48.71x.
- 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 | 16,656.80 | 22.70 | 378,117.3 |
| MARUTI SUZUKI INDIA LTD | 14,394.00 | 28.50 | 410,251.0 |
| HYUNDAI MOTOR INDIA LTD | 5,431.52 | 28.66 | 155,683.0 |
| TATA MOTORS PASSENGER VEHICLES LTD | -443.00 | -330.55 | 146,432.0 |
| MERCURY EVTECH LTD | 5.55 | 116.41 | 646.3 |
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 | -330.55x |
| Max industry PE | 116.41x |
| Median industry PE | 28.50x |
| Average industry PE | -26.86x |
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