MRF
|
The Current P/E Ratio of MRF is 23.20.
| Share Price | ₹133,406.0 | Aug 14,2026 |
| Market Cap | ₹56,030.5 Cr | |
| Earnings-TTM | ₹2,415.1 Cr | TTM-Consolidated Results |
| Price/Earnings | 23.20x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of MRF
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
|---|---|---|---|
| MRF | 2,415.07 | 23.20 | 56,030.5 |
| BALKRISHNA INDUSTRIES LTD | 1,405.57 | 32.54 | 45,739.8 |
| APOLLO TYRES LTD | 1,707.82 | 16.51 | 28,198.5 |
| CEAT LTD | 566.60 | 26.33 | 14,919.0 |
| JK TYRE & INDUSTRIES LTD | 662.07 | 16.73 | 11,077.5 |
| TVS SRICHAKRA LTD | 92.25 | 37.26 | 3,437.7 |
| GOODYEAR INDIA LTD | 53.90 | 33.36 | 1,798.0 |
| TOLINS TYRES LTD | 32.57 | 11.75 | 382.6 |
| DOLFIN RUBBERS LTD | 6.21 | 27.79 | 172.5 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs MRF 's P/E Ratio
| Top 10 Industry Peers | PE 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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