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MRF
PE (Price/Earnings) Ratio

The Current P/E Ratio of MRF is 23.20.

Share Price ₹133,406.0Aug 14,2026
Market Cap ₹56,030.5 Cr
Earnings-TTM₹2,415.1 CrTTM-Consolidated Results
Price/Earnings23.20xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MRF

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 MRF is calculated as :

Current Market Cap [ ₹56,030.5 Cr] as on Aug 14,2026

(/) Earnings [ ₹2,415.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 23.20x ]

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

Thus, for MRF , the investors are currently willing to pay 23.20 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 MRF !

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 MRF over the last five years.

Historical PE (Price/Earnings) ratio chart of MRF


PE Ratio Performance Analysis for MRF

- MRF 's latest p/e ratio is 23.20x.

- MRF 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 32.52x.

- MRF 's operated at median p/e ratio of 27.16x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MRF 's p/e ratio peaked in Mar2023 at 46.34x.

- MRF 's p/e ratio hit its five-year low in Mar2026 of 22.44x.


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

Peer Comparison (Tyres & Allied Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MRF 2,415.0723.2056,030.5
BALKRISHNA INDUSTRIES LTD1,405.5732.5445,739.8
APOLLO TYRES LTD1,707.8216.5128,198.5
CEAT LTD566.6026.3314,919.0
JK TYRE & INDUSTRIES LTD662.0716.7311,077.5
TVS SRICHAKRA LTD92.2537.263,437.7
GOODYEAR INDIA LTD53.9033.361,798.0
TOLINS TYRES LTD32.5711.75382.6
DOLFIN RUBBERS LTD6.2127.79172.5

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

Top 10 Industry PeersPE Ratio
Min industry PE 11.75x
Max industry PE 37.26x
Median industry PE 26.33x
Average industry PE 25.05x



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