{"id":224098,"date":"2026-08-31T13:56:42","date_gmt":"2026-08-31T08:26:42","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=224098"},"modified":"2026-08-31T13:56:43","modified_gmt":"2026-08-31T08:26:43","slug":"apollo-tyres-overvalued-or-undervalued","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/","title":{"rendered":"Is Apollo Tyres Overvalued or Undervalued Right Now?"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Apollo Tyres CMP Rs 438.05 (31 Aug 2026), down 1.23%. PE 16.49 vs industry PE 21.22. ROE 12.39%. 52W range Rs 365.30 to Rs 540.50.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">Apollo Tyres trades at a price to earnings ratio of 16.49 against an industry average of 21.22, which puts the stock close to fair value on a simple multiple basis rather than clearly overvalued or undervalued. The company&#8217;s 12.39% return on equity and Rs 264.92 book value per share fit broadly within its sector&#8217;s range. Whether Apollo Tyres is overvalued or undervalued right now is less about a wide valuation gap and more about how its growth and margins evolve from here.<\/p>\n<\/div>\n<p>Is <a href=\"https:\/\/univest.in\/stocks\/apollotyre\/apollo-tyres-ltd-share-price-today\">Apollo Tyres<\/a> overvalued or undervalued right now is a question worth asking given how its price to earnings ratio compares with the rest of its sector. At the current market price of Rs 438.05, the stock trades roughly 19.0% below its 52 week high of Rs 540.50 and about 19.9% above its 52 week low of Rs 365.30.<\/p>\n<p>Apollo Tyres&#8217;s share price moved down 1.23% in Monday&#8217;s session to Rs 438.05, against a market capitalisation of Rs 28,170 Cr. This article looks at the numbers, the PE ratio, price to book, return on equity, debt levels and recent earnings trends, that determine whether the current price reflects fair value or a stretched multiple.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=valn11\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#Apollo_Tyres_Valuation_Metrics_Where_Does_the_Stock_Stand\" title=\"Apollo Tyres Valuation Metrics: Where Does the Stock Stand?\">Apollo Tyres Valuation Metrics: Where Does the Stock Stand?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#Is_Apollo_Tyres_Overvalued_Based_on_Its_PE_Ratio\" title=\"Is Apollo Tyres Overvalued Based on Its P\/E Ratio?\">Is Apollo Tyres Overvalued Based on Its P\/E Ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#Apollo_Tyress_Financial_Growth_and_Profitability\" title=\"Apollo Tyres&#8217;s Financial Growth and Profitability\">Apollo Tyres&#8217;s Financial Growth and Profitability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#Arguments_That_Apollo_Tyres_Could_Be_Overvalued\" title=\"Arguments That Apollo Tyres Could Be Overvalued\">Arguments That Apollo Tyres Could Be Overvalued<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#Arguments_That_Support_the_Premium_Valuation\" title=\"Arguments That Support the Premium Valuation\">Arguments That Support the Premium Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#Verdict_Is_Apollo_Tyres_Overvalued_or_Undervalued_Right_Now\" title=\"Verdict: Is Apollo Tyres Overvalued or Undervalued Right Now?\">Verdict: Is Apollo Tyres Overvalued or Undervalued Right Now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#What_Could_Change_This_Valuation_Picture_for_Apollo_Tyres\" title=\"What Could Change This Valuation Picture for Apollo Tyres?\">What Could Change This Valuation Picture for Apollo Tyres?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#FAQs_on_Apollo_Tyres_Valuation\" title=\"FAQs on Apollo Tyres Valuation\">FAQs on Apollo Tyres Valuation<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#Is_Apollo_Tyres_overvalued_or_undervalued_right_now\" title=\"Is Apollo Tyres overvalued or undervalued right now?\">Is Apollo Tyres overvalued or undervalued right now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#What_is_Apollo_Tyress_current_PE_ratio\" title=\"What is Apollo Tyres&#8217;s current PE ratio?\">What is Apollo Tyres&#8217;s current PE ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#What_is_Apollo_Tyress_return_on_equity\" title=\"What is Apollo Tyres&#8217;s return on equity?\">What is Apollo Tyres&#8217;s return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#What_is_Apollo_Tyress_52_week_high_and_low\" title=\"What is Apollo Tyres&#8217;s 52 week high and low?\">What is Apollo Tyres&#8217;s 52 week high and low?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#Does_Apollo_Tyres_have_high_debt\" title=\"Does Apollo Tyres have high debt?\">Does Apollo Tyres have high debt?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#What_is_Apollo_Tyress_dividend_yield\" title=\"What is Apollo Tyres&#8217;s dividend yield?\">What is Apollo Tyres&#8217;s dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#Is_Apollo_Tyres_a_good_stock_to_buy_at_current_levels\" title=\"Is Apollo Tyres a good stock to buy at current levels?\">Is Apollo Tyres a good stock to buy at current levels?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/apollo-tyres-overvalued-or-undervalued\/#What_is_Apollo_Tyress_price_to_book_ratio\" title=\"What is Apollo Tyres&#8217;s price to book ratio?\">What is Apollo Tyres&#8217;s price to book ratio?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Apollo_Tyres_Valuation_Metrics_Where_Does_the_Stock_Stand\"><\/span><strong>Apollo Tyres Valuation Metrics: Where Does the Stock Stand?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th>Valuation Metric<\/th>\n<th>Apollo Tyres<\/th>\n<\/tr>\n<tr>\n<td>CMP (31 Aug 2026)<\/td>\n<td>Rs 438.05<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 28,170 Cr<\/td>\n<\/tr>\n<tr>\n<td>P\/E Ratio<\/td>\n<td>16.49<\/td>\n<\/tr>\n<tr>\n<td>Industry P\/E<\/td>\n<td>21.22<\/td>\n<\/tr>\n<tr>\n<td>P\/B Ratio<\/td>\n<td>1.67<\/td>\n<\/tr>\n<tr>\n<td>Sector Average P\/B (tyre manufacturing)<\/td>\n<td>2.58<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity (ROE)<\/td>\n<td>12.39%<\/td>\n<\/tr>\n<tr>\n<td>Sector Average ROE (tyre manufacturing)<\/td>\n<td>11.35%<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 26.90<\/td>\n<\/tr>\n<tr>\n<td>Book Value per Share<\/td>\n<td>Rs 264.92<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.22<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>1.35%<\/td>\n<\/tr>\n<tr>\n<td>Sector Average Dividend Yield (tyre manufacturing)<\/td>\n<td>0.70%<\/td>\n<\/tr>\n<tr>\n<td>52 Week High \/ Low<\/td>\n<td>Rs 540.50 \/ Rs 365.30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The headline number here is the price to earnings ratio. At 16.49, the Apollo Tyres PE ratio is 0.78 times the industry average of 21.22. Measured against its tyre manufacturing sector peers, the gap widens further on other measures too: a P\/B of 1.67 against a sector average of 2.58, and an ROE of 12.39% against a sector average of 11.35%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_Apollo_Tyres_Overvalued_Based_on_Its_PE_Ratio\"><\/span><strong>Is Apollo Tyres Overvalued Based on Its P\/E Ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Based on the P\/E ratio alone, Apollo Tyres looks fairly valued. The stock&#8217;s PE of 16.49 sits close to the industry average of 21.22, which suggests the market is pricing the business roughly in line with its sector rather than at a premium or a discount. That leaves the read on whether Apollo Tyres is overvalued or undervalued more dependent on its growth trajectory than on the PE ratio itself.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Apollo Tyres&#8217;s Live Fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Apollo_Tyress_Financial_Growth_and_Profitability\"><\/span><strong>Apollo Tyres&#8217;s Financial Growth and Profitability<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Apollo Tyres&#8217;s revenue moved from Rs 26,211.52 crore in FY2025 to Rs 28,604.01 crore in FY2026, a change of 9.1%. Net profit grew from Rs 1,121.32 crore to Rs 1,372.42 crore over the same period, a swing of roughly 22.4%.<\/p>\n<p>The Apollo Tyres share price has moved alongside this earnings trend, which is part of why the stock now trades at 0.78 times the industry PE of 21.22 rather than a flat multiple.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Apollo Tyres&#8217;s live share price and valuation ratios.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Arguments_That_Apollo_Tyres_Could_Be_Overvalued\"><\/span><strong>Arguments That Apollo Tyres Could Be Overvalued<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Sector-wide re-rating risk:<\/strong> If sentiment toward the sector turns, a PE of 16.49 still has room to compress toward the industry average of 21.22.<\/li>\n<li><strong>Limited margin of safety:<\/strong> At Rs 438.05, the stock is only 19.0% below its 52 week high of Rs 540.50, leaving less room for error if earnings disappoint.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Arguments_That_Support_the_Premium_Valuation\"><\/span><strong>Arguments That Support the Premium Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Low leverage:<\/strong> A debt to equity ratio of 0.22 gives Apollo Tyres a comparatively strong balance sheet.<\/li>\n<li><strong>Reasonable income:<\/strong> A dividend yield of 1.35% offers some cushion while the market decides on the growth story.<\/li>\n<li><strong>52 week range context:<\/strong> At Rs 438.05, the stock is 19.9% above its 52 week low of Rs 365.30, showing it has already found some support at lower levels.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Verdict_Is_Apollo_Tyres_Overvalued_or_Undervalued_Right_Now\"><\/span><strong>Verdict: Is Apollo Tyres Overvalued or Undervalued Right Now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On balance, Apollo Tyres looks fairly valued rather than clearly overvalued or undervalued. Its PE of 16.49 sits close to the industry average of 21.22, and its 12.39% ROE and other ratios do not point to a significant mispricing either way. The more useful question for investors from here is less about the current multiple and more about whether earnings growth accelerates or slows.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Could_Change_This_Valuation_Picture_for_Apollo_Tyres\"><\/span><strong>What Could Change This Valuation Picture for Apollo Tyres?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Two broad scenarios could shift this valuation call on Apollo Tyres in either direction. On the upside, an improvement in return ratios or growth that pushes the stock&#8217;s PE of 16.49 toward a premium over the industry average of 21.22. On the downside, a deterioration in the numbers that pulls the PE below the industry average of 21.22 instead. Investors watching the Apollo Tyres share price over the next few quarters should track whether reported ROE holds near 12.39% and whether the PE gap versus the industry average of 21.22 widens or narrows, since both will matter more to the eventual answer than the current price point on its own.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Apollo Tyres&#8217;s numbers point to a stock that is fairly valued on headline multiples. Investors tracking the Apollo Tyres share price should watch whether earnings growth can keep pace with the current PE of 16.49, since that gap remains the single biggest variable in whether the stock is undervalued, fairly priced, or overvalued from here. This article is for informational purposes only and is not investment advice.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Apollo_Tyres_Valuation\"><\/span><strong>FAQs on Apollo Tyres Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Is_Apollo_Tyres_overvalued_or_undervalued_right_now\"><\/span><strong>Is Apollo Tyres overvalued or undervalued right now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Based on a PE ratio of 16.49 against an industry average of 21.22, Apollo Tyres currently looks fairly valued on relative valuation. Its 12.39% ROE is an important part of the picture alongside the PE ratio.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Apollo_Tyress_current_PE_ratio\"><\/span><strong>What is Apollo Tyres&#8217;s current PE ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apollo Tyres&#8217;s price to earnings ratio stands at 16.49, compared with an industry average PE of 21.22.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Apollo_Tyress_return_on_equity\"><\/span><strong>What is Apollo Tyres&#8217;s return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apollo Tyres generates a return on equity of 12.39%, against a sector average of 11.35% among tyre manufacturing peers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Apollo_Tyress_52_week_high_and_low\"><\/span><strong>What is Apollo Tyres&#8217;s 52 week high and low?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apollo Tyres&#8217;s 52 week high is Rs 540.50 and its 52 week low is Rs 365.30. The stock currently trades around Rs 438.05, roughly 19.0% below its high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_Apollo_Tyres_have_high_debt\"><\/span><strong>Does Apollo Tyres have high debt?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apollo Tyres carries a debt to equity ratio of 0.22, which is low for its sector.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Apollo_Tyress_dividend_yield\"><\/span><strong>What is Apollo Tyres&#8217;s dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apollo Tyres offers a dividend yield of 1.35% at the current share price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Apollo_Tyres_a_good_stock_to_buy_at_current_levels\"><\/span><strong>Is Apollo Tyres a good stock to buy at current levels?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apollo Tyres&#8217;s current valuation suits investors who agree with the fairly valued read on its PE ratio and are comfortable with the trade-off between its return ratios and its price. This is for informational purposes only and is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Apollo_Tyress_price_to_book_ratio\"><\/span><strong>What is Apollo Tyres&#8217;s price to book ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apollo Tyres trades at a price to book ratio of 1.67, compared with a sector average of 2.58 among tyre manufacturing peers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apollo Tyres trades at a PE of 16.49 versus an industry average of 21.22. 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