Azure Power Global (OTCPK:AZREF) EV-to-EBIT Explanation
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Azure Power Global's Enterprise Value for the quarter that ended in Mar. 2024 was $1,527.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Azure Power Global's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $104.5 Mil.
* 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.
Azure Power Global EV-to-EBIT Related Terms
Azure Power Global EV-to-EBIT Historical Data
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The historical data trend for Azure Power Global's EV-to-EBIT 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 Utilities - Renewable subindustry, Azure Power Global's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.
Azure Power Global EV-to-EBIT vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Azure Power Global's EV-to-EBIT falls into.
Azure Power Global's current Enterprise Value is $1,328.7 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Azure Power Global's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $104.5 Mil.
* 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.
Azure Power Global (AZREF) has a EV-to-EBIT of 12.71 as of Jul. 09, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's EV-to-EBIT too high?
Azure Power Global's current EV-to-EBIT is 12.71. The Utilities - Independent Power Producers industry median EV-to-EBIT is 17.44. Azure Power Global's value of 12.71 is 27.1% below this industry median. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's EV-to-EBIT compare to SAFX and VGAS?
Azure Power Global's EV-to-EBIT of 12.71 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median EV-to-EBIT is 17.44. Azure Power Global's value of 12.71 is 27.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for an Utilities - Independent Power Producers company?
The median EV-to-EBIT among Utilities - Independent Power Producers companies is 17.44, based on 340 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Azure Power Global's current EV-to-EBIT of 12.71 is 27.1% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Azure Power Global and its competitors. For the Utilities - Independent Power Producers industry, the median EV-to-EBIT is 17.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azure Power Global's current EV-to-EBIT is 12.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current EV-to-EBIT of 12.71. The current EV-to-EBIT is 12.71 and 27.1% below the Utilities - Independent Power Producers industry median of 17.44. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Azure Power Global (AZREF), the current EV-to-EBIT is 12.71 as of Jul. 09, 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.
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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