MRF
|
The Current P/E Ratio of MRF is 22.74.
| Share Price | ₹131,062.0 | Jul 14,2026 |
| Market Cap | ₹55,046.0 Cr | |
| Earnings-TTM | ₹2,420.2 Cr | TTM-Consolidated Results |
| Price/Earnings | 22.74x | 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 [ ₹55,046.0 Cr] as on Jul 14,2026
(/) Earnings [ ₹2,420.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 22.74x ]
Thus, for MRF , the investors are currently willing to pay 22.74 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 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 Ratio | Market Cap |
|---|---|---|---|
| MRF | 2,420.19 | 22.74 | 55,046.0 |
| BALKRISHNA INDUSTRIES LTD | 1,243.10 | 33.69 | 41,875.4 |
| APOLLO TYRES LTD | 1,371.83 | 19.69 | 27,007.7 |
| CEAT LTD | 681.43 | 22.09 | 15,049.5 |
| JK TYRE & INDUSTRIES LTD | 774.19 | 14.96 | 11,583.5 |
| TVS SRICHAKRA LTD | 71.06 | 44.66 | 3,173.8 |
| GOODYEAR INDIA LTD | 61.50 | 29.40 | 1,808.2 |
| TOLINS TYRES LTD | 35.69 | 11.43 | 407.7 |
| DOLFIN RUBBERS LTD | 5.81 | 30.03 | 174.5 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs MRF 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 11.43x |
| Max industry PE | 44.66x |
| Median industry PE | 22.74x |
| Average industry PE | 25.41x |
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