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Patel EngineeringNSE:PATELENG +3.32%81 Debt-to-EBITDA is 1.88 as of Mar. 2026, which is 55% below its 10-year median of 4.19. GuruFocus rates NSE:PATELENG with a GF Score™ of 81/100 and a GF Value™ of ₹49.95 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,411 Construction companies, Patel Engineering ranks better than 55.14% 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 Patel Engineering's Debt-to-EBITDA or its related term are showing as below:
NSE:PATELENG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.77 Med: 4.19 Max: 39.52
Current: 1.77
During the past 13 years, the highest Debt-to-EBITDA Ratio of Patel Engineering was 39.52. The lowest was 1.77. And the median was 4.19.
NSE:PATELENG's Debt-to-EBITDA is ranked better than 55.14% of 1411
companies
in the Construction industry
Industry Median: 2.13
vs NSE:PATELENG: 1.77
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.
Patel Engineering Debt-to-EBITDA Related Terms
Patel Engineering Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Patel Engineering'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:PATELENG vs PWR, FIX, EME: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, Patel Engineering'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.
Patel Engineering Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Patel Engineering's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Patel Engineering'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.
Patel Engineering (NSE:PATELENG) has a Debt-to-EBITDA of 1.88 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 Patel Engineering. This is 55% below median its historical median of 4.19. Over the past decade, Patel Engineering's Debt-to-EBITDA has ranged from 1.77 to 39.52. According to the industry distribution chart, Patel Engineering ranks #633 out of 1411 companies in the Construction industry, placing it in the top 44.9%.
Is Patel Engineering's Debt-to-EBITDA too high?
Patel Engineering's current Debt-to-EBITDA of 1.88 is 55% below median its 10-year median of 4.19. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 39.52. The Construction industry median Debt-to-EBITDA is 2.13. Patel Engineering's value of 1.88 is 11.7% below this industry median. Based on the distribution chart, Patel Engineering ranks #633 out of 1411 companies in the Construction industry, which is above the industry midpoint. Overall, Patel Engineering has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Patel Engineering's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Patel Engineering ranks #633 out of 1411 companies for Debt-to-EBITDA. This puts Patel Engineering in the upper half of its industry. The industry median Debt-to-EBITDA is 2.13. Patel Engineering's value of 1.88 is 11.7% below this benchmark. Historically, Patel Engineering's own Debt-to-EBITDA has ranged from 1.77 to 39.52 over the past decade. While the company's 10-year median is 4.19 vs. the industry median of 2.13, Patel Engineering has consistently been below 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 a Construction company?
The median Debt-to-EBITDA among Construction companies is 2.13, based on 1,411 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. Patel Engineering's current Debt-to-EBITDA of 1.88 is 11.7% below 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 Patel Engineering. For the Construction industry, the median Debt-to-EBITDA is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patel Engineering's current Debt-to-EBITDA is 1.88, which is 55% below median its own 10-year median of 4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patel Engineering stock overvalued right now?
Based on GuruFocus' analysis, Patel Engineering (NSE:PATELENG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹49.95, compared to a current price of ₹29.54 — trading 40.9% below its estimated fair value. The current Debt-to-EBITDA is 1.88, which is 55% below median its 10-year median of 4.19 and 11.7% below the Construction industry median of 2.13. Patel Engineering's overall GF Score™ is 81/100 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 Patel Engineering (NSE:PATELENG), the current Debt-to-EBITDA is 1.88 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 Patel Engineering (NSE:PATELENG) Overvalued in 2026?
Based on GuruFocus' analysis, Patel Engineering stock appears to be undervalued.
The current stock price of ₹29.54 is trading 40.9% below its estimated GF Value™ of ₹49.95.
GuruFocus considers Patel Engineering to be Possible Value Trap.
Key valuation signals for NSE:PATELENG:
Debt-to-EBITDA: 1.88 (55% below median its 10-year median of 4.19)
GF Value™: ₹49.95 vs. price of ₹29.54 (40.9% below fair value)
Industry Position: 11.7% below the Construction median (#633 of 1411)
No single metric tells the full story. See the NSE:PATELENG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patel Engineering Ltd is a company that undertakes civil construction and engineering projects. The company is engaged in segments including engineering procurement and construction (EPC) and real estate. It generates a vast majority of its revenue from the EPC segment within India. The company projects include all sectors of the infrastructure industry from dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estate, and townships.
81GF Score
Get the complete analysis for NSE:PATELENG
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