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CEAT
PB (Price/Book ) Ratio

The Current P/B Ratio of CEAT is 3.29.

Share Price ₹3,547.9Mar 25,2026
Market Cap ₹14,369.0 Cr
Book Value₹4,368.5 CrMar2025 - Consolidated Results
Price/Book 3.29xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of CEAT

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of CEAT is calculated as :

Current Market Cap [ ₹14,369.0 Cr] as on Mar 25,2026

(/) Book Value [ ₹4,368.5 Cr] based on Mar2025 - Consolidated Results

(=) P/B Ratio [ 3.29x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for CEAT , the investors are currently willing to pay '3.29 times book value' to own 1 share of the company.

PB Multiples are one of the most widely used valuation multiple in industry.

Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.

In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of CEAT !

The chart below summarizes the trend in P/B Ratio of CEAT over the last five years.

Historical PB (Price/Book ) ratio chart of CEAT


PB Ratio Performance Analysis for CEAT

- CEAT 's latest p/b ratio is 3.29x.

- CEAT 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged 2.02x.

- CEAT 's operated at median p/b ratio of 1.9x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, CEAT 's p/b ratio peaked in Mar2024 at 2.68x.

- CEAT 's p/b ratio hit its five-year low in Mar2022 of 1.15x.


How does CEAT 's P/B Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Book ValuePB RatioMarket Cap
CEAT 4,368.533.2914,369.0
BALKRISHNA INDUSTRIES LTD10,387.604.1242,752.1
MRF LTD18,488.502.9855,116.2
APOLLO TYRES LTD14,765.701.8126,664.7
JK TYRE & INDUSTRIES LTD4,850.382.4211,736.3
TVS SRICHAKRA LTD1,183.902.262,675.2
GOODYEAR INDIA LTD602.952.671,608.0
TOLINS TYRES LTD324.431.17380.1

Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs CEAT 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.17x
Max industry PB 4.12x
Median industry PB 2.67x
Average industry PB 2.59x



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