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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Oil IndiaNSE:OIL -0.27%88 Debt-to-EBITDA is 2.68 as of Mar. 2026, which is 22% above its 10-year median of 2.19. GuruFocus rates NSE:OIL with a GF Score™ of 88/100 and a GF Value™ of ₹432.20 (Fairly Valued). The stock has 5 warning signs investors should review. Among 713 Oil & Gas companies, Oil India ranks worse than 69.42% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Oil India's Debt-to-EBITDA or its related term are showing as below:
NSE:OIL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.18 Med: 2.19 Max: 3.65
Current: 3.48
During the past 13 years, the highest Debt-to-EBITDA Ratio of Oil India was 3.65. The lowest was 1.18. And the median was 2.19.
NSE:OIL's Debt-to-EBITDA is ranked worse than 69.42% of 713
companies
in the Oil & Gas industry
Industry Median: 2
vs NSE:OIL: 3.48
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.
Oil India Debt-to-EBITDA Related Terms
Oil India Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Oil India'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.
For the Oil & Gas Integrated subindustry, Oil India'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.
Oil India Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil India's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Oil India'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 (Mar. 2026) EBITDA data.
Oil India (NSE:OIL) has a Debt-to-EBITDA of 2.68 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Oil India. This is 22% above median its historical median of 2.19. Over the past decade, Oil India's Debt-to-EBITDA has ranged from 1.18 to 3.65. According to the industry distribution chart, Oil India ranks #495 out of 713 companies in the Oil & Gas industry, placing it in the top 69.4%.
Is Oil India's Debt-to-EBITDA too high?
Oil India's current Debt-to-EBITDA of 2.68 is 22% above median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 3.65. The Oil & Gas industry median Debt-to-EBITDA is 2.00. Oil India's value of 2.68 is 34% above this industry median. Based on the distribution chart, Oil India ranks #495 out of 713 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Oil India has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oil India's Debt-to-EBITDA compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Oil India ranks #495 out of 713 companies for Debt-to-EBITDA. This places Oil India in the lower half of its industry. The industry median Debt-to-EBITDA is 2.00. Oil India's value of 2.68 is 34% above this benchmark. Historically, Oil India's own Debt-to-EBITDA has ranged from 1.18 to 3.65 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 2.00, Oil India has consistently been above the industry average. 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 2.00, based on 713 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. Oil India's current Debt-to-EBITDA of 2.68 is 34% above the industry median. 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 Oil India. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil India's current Debt-to-EBITDA is 2.68, which is 22% above median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil India stock overvalued right now?
Based on GuruFocus' analysis, Oil India (NSE:OIL) is currently considered Fairly Valued. The stock's GF Value™ is ₹432.20, compared to a current price of ₹442.80 — trading 2.5% above its estimated fair value. The current Debt-to-EBITDA is 2.68, which is 22% above median its 10-year median of 2.19 and 34% above the Oil & Gas industry median of 2.00. Oil India's overall GF Score™ is 88/100 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 Oil India (NSE:OIL), the current Debt-to-EBITDA is 2.68 as of Mar. 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 Oil India (NSE:OIL) Overvalued in 2026?
Based on GuruFocus' analysis, Oil India stock appears to be overvalued.
The current stock price of ₹442.80 is trading 2.5% above its estimated GF Value™ of ₹432.20.
GuruFocus considers Oil India to be Fairly Valued.
Key valuation signals for NSE:OIL:
Debt-to-EBITDA: 2.68 (22% above median its 10-year median of 2.19)
GF Value™: ₹432.20 vs. price of ₹442.80 (2.5% above fair value)
Industry Position: 34% above the Oil & Gas median (#495 of 713)
No single metric tells the full story. See the NSE:OIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil India Ltd is mainly engaged in exploration, development, and production of products such as crude oil, natural gas, condensate, petroleum products, LPG, and providing services such as pipeline transportation services, City Gas Distribution (CGD), and generation of renewable energy. The group has adopted its products and services (viz. Crude Oil, Natural Gas, Petroleum Products, LPG, Pipeline Transportation, Renewable Energy, and Others) as the primary reporting segments. Maximum revenue for the group is generated from the sale of Refinery Products.
88GF Score
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