MRF
|
The Current P/E Ratio of MRF is 31.74.
| Share Price | ₹140,091.0 | Jan 21,2026 |
| Market Cap | ₹58,838.2 Cr | |
| Earnings-TTM | ₹1,853.7 Cr | TTM-Consolidated Results |
| Price/Earnings | 31.74x | 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 [ ₹58,838.2 Cr] as on Jan 21,2026
(/) Earnings [ ₹1,853.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 31.74x ]
Thus, for MRF , the investors are currently willing to pay 31.74 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 | 1,853.68 | 31.74 | 58,838.2 |
| BALKRISHNA INDUSTRIES LTD | 1,379.52 | 33.89 | 46,753.8 |
| APOLLO TYRES LTD | 792.14 | 40.22 | 31,863.0 |
| CEAT LTD | 536.28 | 26.78 | 14,361.0 |
| JK TYRE & INDUSTRIES LTD | 537.18 | 27.42 | 14,728.7 |
| TVS SRICHAKRA LTD | 27.42 | 107.39 | 2,944.5 |
| GOODYEAR INDIA LTD | 41.53 | 45.06 | 1,871.4 |
| TOLINS TYRES LTD | 36.43 | 12.62 | 459.7 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs MRF 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 12.62x |
| Max industry PE | 107.39x |
| Median industry PE | 33.89x |
| Average industry PE | 40.64x |
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