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A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Indian Oil's Debt-to-EBITDA or its related term are showing as below:
NSE:IOC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.44 Med: 2.53 Max: 15.99
Current: 2.36
During the past 13 years, the highest Debt-to-EBITDA Ratio of Indian Oil was 15.99. The lowest was 1.44. And the median was 2.53.
NSE:IOC's Debt-to-EBITDA is ranked worse than 54.87% of 709
companies
in the Oil & Gas industry
Industry Median: 2.07
vs NSE:IOC: 2.36
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Indian Oil Debt-to-EBITDA Related Terms
Indian Oil Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Indian Oil's Debt-to-EBITDA 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.
NSE:IOC vs MPC, VLO, PSX: Debt-to-EBITDA Comparison
For the Oil & Gas Refining & Marketing subindustry, Indian Oil's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Indian Oil Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Indian Oil's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Indian Oil's Debt-to-EBITDA 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Indian Oil (NSE:IOC) has a Debt-to-EBITDA of 0.00 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Indian Oil. Over the past decade, Indian Oil's Debt-to-EBITDA has ranged from 1.44 to 15.99. According to the industry distribution chart, Indian Oil ranks #389 out of 709 companies in the Oil & Gas industry, placing it in the top 54.9%.
Is Indian Oil's Debt-to-EBITDA too high?
Indian Oil's current Debt-to-EBITDA is 0.00. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 15.99. Based on the distribution chart, Indian Oil ranks #389 out of 709 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Indian Oil has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Oil's Debt-to-EBITDA compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Indian Oil ranks #389 out of 709 companies for Debt-to-EBITDA. This places Indian Oil in the lower half of its industry. The industry median Debt-to-EBITDA is 2.07. Historically, Indian Oil's own Debt-to-EBITDA has ranged from 1.44 to 15.99 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.07, based on 709 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Indian Oil. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Oil's current Debt-to-EBITDA is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Oil stock overvalued right now?
Based on GuruFocus' analysis, Indian Oil (NSE:IOC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹162.93, compared to a current price of ₹142.66 — trading 12.4% below its estimated fair value. The current Debt-to-EBITDA is 0.00. Indian Oil's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Indian Oil (NSE:IOC), the current Debt-to-EBITDA is 0.00 as of Jun. 2026. 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 Indian Oil (NSE:IOC) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Oil stock appears to be undervalued.
The current stock price of ₹142.66 is trading 12.4% below its estimated GF Value™ of ₹162.93.
GuruFocus considers Indian Oil to be Modestly Undervalued.
Key valuation signals for NSE:IOC:
Debt-to-EBITDA: 0.00
GF Value™: ₹162.93 vs. price of ₹142.66 (12.4% below fair value)
No single metric tells the full story. See the NSE:IOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Oil Corp Ltd conducts business across the entire hydrocarbon value chain, from refining, pipeline transportation and marketing, to exploration and production of crude oil and gas, petrochemicals, gas marketing, alternative energy sources, and globalisation of downstream operations. The group is engaged in the following business segments: Sale of Petroleum Products, Sale of Petrochemicals, Sale of Gas, and the Other operating segment, which includes oil and gas exploration activities, explosives and cryogenic business, and windmill and solar power generation. The majority of its revenue is generated from the sale of petroleum products such as motor spirit, high speed diesel, liquified petroleum gas, aviation turbine fuel, and others. Geographically, it derives key revenue from India.
77GF Score
Get the complete analysis for NSE:IOC
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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