CEAT
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The Current P/B Ratio of CEAT is 3.19.
Share Price | ₹3,438.5 | Sep 18,2025 |
Market Cap | ₹13,925.7 Cr | |
Book Value | ₹4,368.5 Cr | Mar2025 - Consolidated Results |
Price/Book | 3.19x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of CEAT
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹13,925.7 Cr] as on Sep 18,2025
(/) Book Value [ ₹4,368.5 Cr] based on Mar2025 - Consolidated Results
(=) P/B Ratio [ 3.19x ]
Thus, for CEAT , the investors are currently willing to pay '3.19 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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
CEAT | 4,368.53 | 3.19 | 13,925.7 |
BALKRISHNA INDUSTRIES LTD | 10,387.60 | 4.66 | 48,429.8 |
MRF LTD | 18,488.50 | 3.42 | 63,208.3 |
APOLLO TYRES LTD | 14,765.70 | 2.08 | 30,764.3 |
JK TYRE & INDUSTRIES LTD | 4,850.38 | 2.11 | 10,252.5 |
TVS SRICHAKRA LTD | 1,183.90 | 2.02 | 2,393.5 |
GOODYEAR INDIA LTD | 602.95 | 3.75 | 2,260.6 |
TOLINS TYRES LTD | 100.53 | 7.58 | 761.9 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs CEAT 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.02x |
Max industry PB | 7.58x |
Median industry PB | 3.42x |
Average industry PB | 3.60x |
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