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MRF
PE (Price/Earnings) Ratio

The Current P/E Ratio of MRF is 32.42.

Share Price ₹143,073.0Jan 20,2026
Market Cap ₹60,090.7 Cr
Earnings-TTM₹1,853.7 CrTTM-Consolidated Results
Price/Earnings32.42xCalculated 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 [ ₹60,090.7 Cr] as on Jan 20,2026

(/) Earnings [ ₹1,853.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 32.42x ]

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 32.42 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 32.42x.

- MRF 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 33.50x.

- MRF 's operated at median p/e ratio of 27.3x 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 Mar2025 of 25.54x.


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 1,853.6832.4260,090.7
BALKRISHNA INDUSTRIES LTD1,379.5233.8146,638.7
APOLLO TYRES LTD792.1440.6432,193.3
CEAT LTD536.2828.0015,017.7
JK TYRE & INDUSTRIES LTD537.1826.8114,404.4
TVS SRICHAKRA LTD27.42106.272,913.9
GOODYEAR INDIA LTD41.5344.761,859.1
TOLINS TYRES LTD36.4312.95471.7

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

Top 10 Industry PeersPE Ratio
Min industry PE 12.95x
Max industry PE 106.27x
Median industry PE 33.81x
Average industry PE 40.71x



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