Oil & Natural GasNSE:ONGC -2.88%88 EBITDA Margin % is 12.49% as of Mar. 2026, which is 33% below its 10-year median of 18.55. GuruFocus rates NSE:ONGC with a GF Score™ of 88/100 and a GF Value™ of ₹268.77 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 916 Oil & Gas companies, Oil & Natural Gas ranks worse than 52.84% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Oil & Natural Gas's EBITDA for the
three
months ended in Mar. 2026 was ₹217,097 Mil. Oil & Natural Gas's Revenue for the
three
months ended in Mar. 2026 was ₹1,738,052 Mil. Therefore, Oil & Natural Gas's EBITDA margin for the quarter that ended in Mar. 2026 was 12.49%.
Oil & Natural Gas (NSE:ONGC) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Oil & Natural Gas EBITDA Margin % Related Terms
Oil & Natural Gas EBITDA Margin % Historical Data
* Premium members only.
The historical data trend for Oil & Natural Gas's EBITDA Margin % 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 EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil & Natural Gas's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Oil & Natural Gas's EBITDA Margin % 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.
Oil & Natural Gas (NSE:ONGC) has a EBITDA Margin % of 12.49% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Oil & Natural Gas and its competitors. This is 33% below median its historical median of 18.55. Over the past decade, Oil & Natural Gas' EBITDA Margin % has ranged from 12.18 to 23.15. According to the industry distribution chart, Oil & Natural Gas ranks #484 out of 916 companies in the Oil & Gas industry, placing it in the top 52.8%.
Is Oil & Natural Gas' EBITDA Margin % too high?
Oil & Natural Gas' current EBITDA Margin % of 12.49% is 33% below median its 10-year median of 18.55. Over the past 10 years, this metric has ranged from a low of 12.18 to a high of 23.15. The Oil & Gas industry median EBITDA Margin % is 13.80. Oil & Natural Gas' value of 12.49% is 9.5% below this industry median. Based on the distribution chart, Oil & Natural Gas ranks #484 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Oil & Natural Gas has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oil & Natural Gas' EBITDA Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Oil & Natural Gas ranks #484 out of 916 companies for EBITDA Margin %. This places Oil & Natural Gas in the lower half of its industry. The industry median EBITDA Margin % is 13.80. Oil & Natural Gas' value of 12.49% is 9.5% below this benchmark. Historically, Oil & Natural Gas' own EBITDA Margin % has ranged from 12.18 to 23.15 over the past decade. While the company's 10-year median is 18.55 vs. the industry median of 13.80, Oil & Natural Gas 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 EBITDA Margin % for an Oil & Gas company?
The median EBITDA Margin % among Oil & Gas companies is 13.80, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oil & Natural Gas's current EBITDA Margin % of 12.49% is 9.5% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Oil & Natural Gas and its competitors. For the Oil & Gas industry, the median EBITDA Margin % is 13.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil & Natural Gas's current EBITDA Margin % is 12.49%, which is 33% below median its own 10-year median of 18.55. 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 ₹268.77, compared to a current price of ₹233.10 — trading 13.3% below its estimated fair value. The current EBITDA Margin % is 12.49%, which is 33% below median its 10-year median of 18.55 and 9.5% below the Oil & Gas industry median of 13.80. Oil & Natural Gas' overall GF Score™ is 88/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Oil & Natural Gas (NSE:ONGC), the current EBITDA Margin % is 12.49% 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 & Natural Gas (NSE:ONGC) Overvalued in 2026?
Based on GuruFocus' analysis, Oil & Natural Gas stock appears to be undervalued.
The current stock price of ₹233.10 is trading 13.3% below its estimated GF Value™ of ₹268.77.
GuruFocus considers Oil & Natural Gas to be Modestly Undervalued.
Key valuation signals for NSE:ONGC:
EBITDA Margin %: 12.49% (33% below median its 10-year median of 18.55)
GF Value™: ₹268.77 vs. price of ₹233.10 (13.3% below fair value)
Industry Position: 9.5% below the Oil & Gas median (#484 of 916)
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.
88GF Score
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