MRF
|
The Current P/E Ratio of MRF is 23.21.
| Share Price | ₹133,754.0 | Aug 03,2026 |
| Market Cap | ₹56,176.7 Cr | |
| Earnings-TTM | ₹2,420.2 Cr | TTM-Consolidated Results |
| Price/Earnings | 23.21x | 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 [ ₹56,176.7 Cr] as on Aug 03,2026
(/) Earnings [ ₹2,420.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 23.21x ]
Thus, for MRF , the investors are currently willing to pay 23.21 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 | 2,420.19 | 23.21 | 56,176.7 |
| BALKRISHNA INDUSTRIES LTD | 1,405.57 | 34.30 | 48,207.5 |
| APOLLO TYRES LTD | 1,371.83 | 20.18 | 27,680.9 |
| CEAT LTD | 566.60 | 25.27 | 14,318.9 |
| JK TYRE & INDUSTRIES LTD | 774.19 | 15.27 | 11,819.9 |
| TVS SRICHAKRA LTD | 71.06 | 42.95 | 3,052.1 |
| GOODYEAR INDIA LTD | 61.50 | 32.17 | 1,978.3 |
| TOLINS TYRES LTD | 35.69 | 11.48 | 409.7 |
| DOLFIN RUBBERS LTD | 5.81 | 29.21 | 169.8 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs MRF 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 11.48x |
| Max industry PE | 42.95x |
| Median industry PE | 25.27x |
| Average industry PE | 26.00x |
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