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CEAT
PB (Price/Book ) Ratio

The Current P/B Ratio of CEAT is 2.66.

Share Price ₹3,306.8Sep 16,2026
Market Cap ₹13,392.3 Cr
Book Value₹5,041.5 CrMar2026 - Consolidated Results
Price/Book 2.66xCalculated 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 [ ₹13,392.3 Cr] as on Sep 16,2026

(/) Book Value [ ₹5,041.5 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 2.66x ]

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 '2.66 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 2.66x.

- CEAT 's p/b ratio for fiscal years ending Mar2026 to Mar2022 averaged 2.16x.

- CEAT 's operated at median p/b ratio of 2.6x 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 5,041.512.6613,392.3
MRF LTD20,974.602.5353,011.9
BALKRISHNA INDUSTRIES LTD10,955.303.7541,105.0
APOLLO TYRES LTD16,698.901.5726,169.3
JK TYRE & INDUSTRIES LTD6,060.821.639,897.0
TVS SRICHAKRA LTD1,190.183.023,598.9
GOODYEAR INDIA LTD606.192.741,661.5
TOLINS TYRES LTD324.431.05341.8
DOLFIN RUBBERS LTD38.924.32168.3

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

Top 10 Industry PeersPB Ratio
Min industry PB 1.05x
Max industry PB 4.32x
Median industry PB 2.66x
Average industry PB 2.59x



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