MRF
|
The Current P/E Ratio of MRF is 27.32.
Share Price | ₹114,038.0 | Feb 06,2025 |
Market Cap | ₹47,896.0 Cr | |
Earnings-TTM | ₹1,753.3 Cr | TTM-Consolidated Results |
Price/Earnings | 27.32x | 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 [ ₹47,896.0 Cr] as on Feb 06,2025
(/) Earnings [ ₹1,753.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 27.32x ]
Thus, for MRF , the investors are currently willing to pay 27.32 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 Mar2024 to Mar2020 averaged 31.86x.
- 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 Mar2020 of 17.36x.
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 | 1,753.29 | 27.32 | 47,896.0 |
BALKRISHNA INDUSTRIES LTD | 1,773.16 | 30.12 | 53,414.5 |
APOLLO TYRES LTD | 1,290.29 | 20.49 | 26,439.2 |
JK TYRE & INDUSTRIES LTD | 588.26 | 14.48 | 8,519.3 |
CEAT LTD | 449.20 | 26.34 | 11,833.1 |
TVS SRICHAKRA LTD | 64.64 | 37.64 | 2,433.4 |
GOODYEAR INDIA LTD | 58.42 | 36.82 | 2,151.2 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs MRF 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 14.48x |
Max industry PE | 37.64x |
Median industry PE | 27.32x |
Average industry PE | 27.60x |
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