Mahindra & Mahindra P/B Ratio
Mahindra & Mahindra (M&M) P/B ratio is 4.17 (High), book value per share ₹1596.74 vs Automobiles average P/B of 0.74 — Very High - Significant premium, high growth expectations or speculative. View M&M 52-week chart for the annual high/low range and current price position.
Current Valuation Metrics
Book Value Breakdown (2025)
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 4.17 (High). Compare with M&M fundamental valuation to assess whether the stock is under or overvalued.
- Stock appears overvalued with PB of 4.17, 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 158.7% above historical average
- Trading at premium to sector average PB of 0.74
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. For live price, earnings yield and the full fundamental profile, see Mahindra & Mahindra stock price NSE.
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 |
|---|---|---|---|---|---|
| 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 |
| 2021 | 0.92 | ₹912.65 | ₹837.15 | ₹50,652 | Low |
M&M vs Automobiles Peers — P/B Ratio Comparison
Mahindra & Mahindra P/B 4.17 vs Automobiles average 0.74, median 0.92 — range -3.74–1.5.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Innovative Tyre & Tube Lt | ITTL | -3.74 | ₹86 | Low |
| Eraaya Lifespaces | EBIX | -0.47 | ₹809 | Low |
| Setco Automotive | SETCO | -0.41 | ₹321 | Low |
| India Radiators | INRADIA | -0.2 | ₹1 | Low |
| Spectra Industries | SPECTRA | -0.06 | ₹3 | Low |
| Nirbhay Colours | NIRBHAYIND | 0.15 | ₹0 | Low |
| Precision Metaliks | PRECISION | 0.21 | ₹18 | Low |
| Kairosoft AI Solutions | VOLKAI | 0.22 | ₹8 | Low |
| Lakshmi Precision Screws | LAKPRE | 0.29 | ₹7 | Low |
| Rasandik Engineering Ind… | RASANDIK | 0.45 | ₹44 | Low |