Michelin's book value per share for the quarter that ended in Dec. 2025 was MXN554.15.
During the past 12 months, Michelin's average Book Value Per Share Growth Rate was -0.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.60% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Michelin was 14.80% per year. The lowest was 2.60% per year. And the median was 6.50% per year.
Michelin's current price is MXN733.29. Its book value per share for the quarter that ended in Dec. 2025 was MXN554.15. Hence, today's PB Ratio of Michelin is 1.32.
During the past 13 years, the highest P/B Ratio of Michelin was 2.16. The lowest was 1.01. And the median was 1.42.
Michelin (MEX:ML) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Michelin Book Value per Share Related Terms
Michelin Book Value per Share Historical Data
* Premium members only.
The historical data trend for Michelin's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:ML vs ORLY, AZO: Book Value per Share Comparison
For the Auto Parts subindustry, Michelin's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Michelin PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Michelin's PB Ratio distribution charts can be found below:
* The bar in red indicates where Michelin's PB Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Book Value per Share of MXN554.15 mean?
Michelin (MEX:ML) has a Book Value per Share of MXN554.15 as of Dec. 2025. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Michelin and its competitors.
Is Michelin's Book Value per Share too high?
Michelin's current Book Value per Share is MXN554.15. Overall, Michelin has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Michelin's Book Value per Share compare to ORLY and AZO?
Michelin's Book Value per Share of MXN554.15 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a Vehicles & Parts company?
A good Book Value per Share depends on the Vehicles & Parts industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Michelin and its competitors. Michelin's current Book Value per Share is MXN554.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Michelin stock overvalued right now?
Michelin (MEX:ML) has a current Book Value per Share of MXN554.15. The stock's GF Value™ is MXN635.00, compared to a current price of MXN733.29 — trading 15.5% above its estimated fair value. The current Book Value per Share is MXN554.15. Michelin's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Michelin (MEX:ML), the current Book Value per Share is MXN554.15 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Michelin (MEX:ML) Overvalued in 2026?
Based on GuruFocus' analysis, Michelin stock appears to be overvalued.
The current stock price of MXN733.29 is trading 15.5% above its estimated GF Value™ of MXN635.00.
Key valuation signals for MEX:ML:
Book Value per Share: MXN554.15
GF Value™: MXN635.00 vs. price of MXN733.29 (15.5% above fair value)
No single metric tells the full story. See the MEX:ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and two-wheel; Road transportation; and Specialty businesses. The company generates maximum revenue from Automotive segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the majority part in the Road transportation and related distribution segment.
84GF Score
Get the complete analysis for MEX:ML
Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:ML has been successfully added to your 
