M&MPassenger Cars & Utility Vehicles
Mahindra & Mahindra — PE Ratio & Valuation Analysis
₹2954.70
-2.77%
Current P/E32.69xPrice to earnings
Industry P/E34.48xSector average
4Y Avg P/E25.5x28.1% above avg
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5.2% Discount to Industry
M&M P/E 32.69x vs sector avg 34.48x
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Historical PE Ratio
| Year | EPS (₹) | Year-end Price | PE Ratio |
|---|---|---|---|
| 2025 | ₹115.06 | ₹3709 | 32.2x |
| 2024 | ₹100.70 | ₹3007 | 29.9x |
| 2023 | ₹91.96 | ₹1729 | 18.8x |
| 2022 | ₹58.83 | ₹1249 | 21.2x |
PE = Year-end closing price ÷ Diluted EPS. Source: NSE/BSE filings.
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Understanding Mahindra & Mahindra Valuation
Mahindra & Mahindra (M&M) currently trades at 32.69x earnings. The Passenger Cars & Utility Vehicles sector average PE is 34.48x. M&M is trading at a discount to peers — may indicate relative value. Historically, M&M has traded at an average PE of 25.5x — it is currently above that level. Always evaluate PE alongside earnings growth (PEG ratio), return on equity, debt levels and business quality. A lower PE isn't always better. Educational data only — not investment advice.
ROE
18.05%
Dividend Yield
0.68%
More on Mahindra & Mahindra
Data from NSE/BSE public filings. Educational purposes only. Bull Run is not SEBI-registered. Not investment advice.