Mahindra & Mahindra P/B Ratio
Mahindra & Mahindra (M&M) P/B ratio is 4.04 (High), book value per share ₹1958.69 vs Automobiles average P/B of 0.56 — Very High - Significant premium, high growth expectations or speculative. For live price, earnings yield and the full fundamental profile, see Mahindra & Mahindra stock price NSE.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
M&M P/B Ratio — Valuation Insights & Book Value Analysis
Mahindra & Mahindra price-to-book ratio interpretation, valuation status and historical context — current P/B 4.04 (High). Explore M&M Benjamin Graham valuation to estimate fundamental worth using multiple valuation models.
- Stock appears overvalued with PB of 4.04, trading at significant premium to book value
- Trading at high premium to book value - indicates strong growth expectations or asset-light business model
- Current PB is 132.2% above historical average
- Trading at premium to sector average PB of 0.56
Mahindra & Mahindra P/B Ratio Historical Trend
M&M annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. Read Mahindra & Mahindra dividend policy for the complete payout history and dividend yield track record.
M&M Historical P/B Ratio — Book Value Per Share & Year-End Price
Mahindra & Mahindra annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 1.56 | ₹1958.69 | ₹3052.00 | ₹109,491 | Moderate |
| 2025 | 2.32 | ₹1596.74 | ₹3709.20 | ₹89,098 | Moderate |
| 2024 | 2.16 | ₹1391.54 | ₹3007.10 | ₹77,509 | Moderate |
| 2023 | 1.44 | ₹1204.34 | ₹1729.40 | ₹67,082 | Moderate |
| 2022 | 1.22 | ₹1022.03 | ₹1249.20 | ₹56,825 | Moderate |
M&M vs Automobiles Peers — P/B Ratio Comparison
Mahindra & Mahindra P/B 4.04 vs Automobiles average 0.56, median 0.76 — range -4.47–1.35.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Shivam Autotech | SHIVAMAUTO | -4.47 | ₹219 | Low |
| Innovative Tyre & Tube Lt | ITTL | -2.57 | ₹65 | Low |
| Setco Automotive | SETCO | -0.33 | ₹227 | Low |
| Eraaya Lifespaces | EBIX | -0.3 | ₹546 | Low |
| India Radiators | INRADIA | -0.2 | ₹1 | Low |
| Spectra Industries | SPECTRA | -0.05 | ₹3 | Low |
| Nirbhay Colours | NIRBHAYIND | 0.15 | ₹0 | Low |
| Precision Metaliks | PRECISION | 0.19 | ₹15 | Low |
| Lakshmi Precision Screws | LAKPRE | 0.27 | ₹6 | Low |
| Rasandik Engineering Ind… | RASANDIK | 0.37 | ₹35 | Low |