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Millat TractorsKAR:MTL -0.17%73 EV-to-EBIT is 17.05 as of Aug. 31, 2026, which is 102% above its 10-year median of 8.45. GuruFocus rates KAR:MTL with a GF Score™ of 73/100 and a GF Value™ of ₨154.11 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 175 Farm & Heavy Construction Machinery companies, Millat Tractors ranks worse than 60% on this metric.
The historical rank and industry rank for Millat Tractors's EV-to-EBIT or its related term are showing as below:
KAR:MTL'
s EV-to-EBIT Range Over the Past 10 Years
Min: 3.65 Med: 8.45 Max: 17.55
Current: 17.05
During the past 13 years, the highest EV-to-EBIT of Millat Tractors was 17.55. The lowest was 3.65. And the median was 8.45.
KAR:MTL's EV-to-EBIT is ranked worse than 60% of 175
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 13.47
vs KAR:MTL: 17.05
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.
Millat Tractors's Enterprise Value for the quarter that ended in Mar. 2026 was ₨210,448 Mil.
Millat Tractors's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₨14,778 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.
Millat Tractors EV-to-EBIT Related Terms
Millat Tractors EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Millat Tractors'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 Farm & Heavy Construction Machinery subindustry, Millat Tractors'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.
Millat Tractors EV-to-EBIT vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Millat Tractors's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Millat Tractors's EV-to-EBIT falls into.
Millat Tractors's current Enterprise Value is ₨252,031 Mil.
Millat Tractors's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₨14,778 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.
Millat Tractors (KAR:MTL) has a EV-to-EBIT of 17.05 as of Aug. 31, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Millat Tractors and its competitors. This is 102% above median its historical median of 8.45. Over the past decade, Millat Tractors' EV-to-EBIT has ranged from 3.65 to 17.55. According to the industry distribution chart, Millat Tractors ranks #105 out of 175 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 60%.
Is Millat Tractors' EV-to-EBIT too high?
Millat Tractors' current EV-to-EBIT of 17.05 is 102% above median its 10-year median of 8.45. Over the past 10 years, this metric has ranged from a low of 3.65 to a high of 17.55. The Farm & Heavy Construction Machinery industry median EV-to-EBIT is 13.47. Millat Tractors' value of 17.05 is 26.6% above this industry median. Based on the distribution chart, Millat Tractors ranks #105 out of 175 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Millat Tractors has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' EV-to-EBIT compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Millat Tractors ranks #105 out of 175 companies for EV-to-EBIT. This places Millat Tractors in the lower half of its industry. The industry median EV-to-EBIT is 13.47. Millat Tractors' value of 17.05 is 26.6% above this benchmark. Historically, Millat Tractors' own EV-to-EBIT has ranged from 3.65 to 17.55 over the past decade. While the company's 10-year median is 8.45 vs. the industry median of 13.47, Millat Tractors 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 EV-to-EBIT for a Farm & Heavy Construction Machinery company?
The median EV-to-EBIT among Farm & Heavy Construction Machinery companies is 13.47, based on 175 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. Millat Tractors's current EV-to-EBIT of 17.05 is 26.6% 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 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 Millat Tractors and its competitors. For the Farm & Heavy Construction Machinery industry, the median EV-to-EBIT is 13.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millat Tractors's current EV-to-EBIT is 17.05, which is 102% above median its own 10-year median of 8.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millat Tractors stock overvalued right now?
Based on GuruFocus' analysis, Millat Tractors (KAR:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨154.11, compared to a current price of ₨301.20 — trading 95.4% above its estimated fair value. The current EV-to-EBIT is 17.05, which is 102% above median its 10-year median of 8.45 and 26.6% above the Farm & Heavy Construction Machinery industry median of 13.47. Millat Tractors' overall GF Score™ is 73/100 with 6 warning signs to review. 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 Millat Tractors (KAR:MTL), the current EV-to-EBIT is 17.05 as of Aug. 31, 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 Millat Tractors (KAR:MTL) Overvalued in 2026?
Based on GuruFocus' analysis, Millat Tractors stock appears to be overvalued.
The current stock price of ₨301.20 is trading 95.4% above its estimated GF Value™ of ₨154.11.
GuruFocus considers Millat Tractors to be Significantly Overvalued.
Key valuation signals for KAR:MTL:
EV-to-EBIT: 17.05 (102% above median its 10-year median of 8.45)
GF Value™: ₨154.11 vs. price of ₨301.20 (95.4% above fair value)
Industry Position: 26.6% above the Farm & Heavy Construction Machinery median (#105 of 175)
No single metric tells the full story. See the KAR:MTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing of agricultural tractors, implements and multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.
73GF Score
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