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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 Oil & Natural Gas's Debt-to-EBITDA or its related term are showing as below:
NSE:ONGC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.2 Med: 1.63 Max: 2.83
Current: 2.43
During the past 13 years, the highest Debt-to-EBITDA Ratio of Oil & Natural Gas was 2.83. The lowest was 1.20. And the median was 1.63.
NSE:ONGC's Debt-to-EBITDA is ranked worse than 57.24% of 718
companies
in the Oil & Gas industry
Industry Median: 1.93
vs NSE:ONGC: 2.43
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 & Natural Gas Debt-to-EBITDA Related Terms
Oil & Natural Gas Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Oil & Natural Gas'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 & Natural Gas'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 & Natural Gas Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil & Natural Gas's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Oil & Natural Gas'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.
Oil & Natural Gas (NSE:ONGC) 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 Oil & Natural Gas. Over the past decade, Oil & Natural Gas' Debt-to-EBITDA has ranged from 1.20 to 2.83. According to the industry distribution chart, Oil & Natural Gas ranks #411 out of 718 companies in the Oil & Gas industry, placing it in the top 57.2%.
Is Oil & Natural Gas' Debt-to-EBITDA too high?
Oil & Natural Gas' current Debt-to-EBITDA is 0.00. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 2.83. Based on the distribution chart, Oil & Natural Gas ranks #411 out of 718 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Oil & Natural Gas has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oil & Natural Gas' Debt-to-EBITDA compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Oil & Natural Gas ranks #411 out of 718 companies for Debt-to-EBITDA. This places Oil & Natural Gas in the lower half of its industry. The industry median Debt-to-EBITDA is 1.93. Historically, Oil & Natural Gas' own Debt-to-EBITDA has ranged from 1.20 to 2.83 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 1.93, based on 718 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 Oil & Natural Gas. For the Oil & Gas industry, the median Debt-to-EBITDA is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil & Natural Gas'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 Oil & Natural Gas stock overvalued right now?
Based on GuruFocus' analysis, Oil & Natural Gas (NSE:ONGC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹292.06, compared to a current price of ₹236.40 — trading 19.1% below its estimated fair value. The current Debt-to-EBITDA is 0.00. Oil & Natural Gas' overall GF Score™ is 84/100 with 2 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 & Natural Gas (NSE:ONGC), 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 Oil & Natural Gas (NSE:ONGC) Overvalued in 2026?
Based on GuruFocus' analysis, Oil & Natural Gas stock appears to be undervalued.
The current stock price of ₹236.40 is trading 19.1% below its estimated GF Value™ of ₹292.06.
GuruFocus considers Oil & Natural Gas to be Modestly Undervalued.
Key valuation signals for NSE:ONGC:
Debt-to-EBITDA: 0.00
GF Value™: ₹292.06 vs. price of ₹236.40 (19.1% below fair value)
No single metric tells the full story. See the NSE:ONGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil & Natural Gas Corp Ltd is an Indian-based company. It engaged in the exploration, development, and production of crude oil, natural gas, and value-added products. Along with its subsidiaries, the company operates in the following business segments: Refining and Marketing, which derives maximum revenue, Exploration and Production, and Petrochemicals. Geographically, the group derives maximum revenue from India, from its offshore and onshore activities, and is also involved in exploration and production activities outside India.
84GF Score
Get the complete analysis for NSE:ONGC
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