MRF
|
The Current P/E Ratio of MRF is 26.08.
Share Price | ₹120,915.0 | Nov 12,2024 |
Market Cap | ₹50,784.3 Cr | |
Earnings-TTM | ₹1,947.5 Cr | TTM-Consolidated Results |
Price/Earnings | 26.08x | 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 [ ₹50,784.3 Cr] as on Nov 12,2024
(/) Earnings [ ₹1,947.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 26.08x ]
Thus, for MRF , the investors are currently willing to pay 26.08 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 | 1,947.54 | 26.08 | 50,784.3 |
BALKRISHNA INDUSTRIES LTD | 1,629.10 | 32.50 | 52,938.9 |
APOLLO TYRES LTD | 1,626.62 | 18.41 | 29,938.7 |
JK TYRE & INDUSTRIES LTD | 757.88 | 13.46 | 10,200.4 |
CEAT LTD | 530.70 | 21.12 | 11,207.1 |
TVS SRICHAKRA LTD | 93.44 | 30.32 | 2,833.2 |
GOODYEAR INDIA LTD | 58.42 | 40.32 | 2,355.6 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs MRF 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 13.46x |
Max industry PE | 40.32x |
Median industry PE | 26.08x |
Average industry PE | 26.03x |
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