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MichelinMEX:ML 83 EV-to-EBIT is 9.30 as of Jul. 16, 2026, which is 4% above its 10-year median of 8.92. GuruFocus rates MEX:ML with a GF Score™ of 83/100 and a GF Value™ of MXN640.51. The stock has 6 warning signs investors should review. Among 1,079 Vehicles & Parts companies, Michelin ranks better than 63.58% on this metric.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Michelin's Enterprise Value is MXN520,142 Mil.
Michelin's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was MXN55,913 Mil. Therefore, Michelin's EV-to-EBIT for today is 9.30.
The historical rank and industry rank for Michelin's EV-to-EBIT or its related term are showing as below:
MEX:ML'
s EV-to-EBIT Range Over the Past 10 Years
Min: 6.1 Med: 8.92 Max: 23.3
Current: 9.98
During the past 13 years, the highest EV-to-EBIT of Michelin was 23.30. The lowest was 6.10. And the median was 8.92.
MEX:ML's EV-to-EBIT is ranked better than 63.58% of 1079
companies
in the Vehicles & Parts industry
Industry Median: 13.24
vs MEX:ML: 9.98
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.
Michelin's Enterprise Value for the quarter that ended in Dec. 2025 was MXN559,869 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Michelin's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was MXN55,913 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.
Michelin EV-to-EBIT Related Terms
Michelin EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Michelin'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 Auto Parts subindustry, Michelin'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.
Michelin EV-to-EBIT vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Michelin's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Michelin's EV-to-EBIT falls into.
Michelin's current Enterprise Value is MXN520,142 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Michelin's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was MXN55,913 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.
Michelin (MEX:ML) has a EV-to-EBIT of 9.30 as of Jul. 16, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Michelin and its competitors. This is near median its historical median of 8.92. Over the past decade, Michelin's EV-to-EBIT has ranged from 6.10 to 23.30. According to the industry distribution chart, Michelin ranks #393 out of 1079 companies in the Vehicles & Parts industry, placing it in the top 36.4%.
Is Michelin's EV-to-EBIT too high?
Michelin's current EV-to-EBIT of 9.30 is near median its 10-year median of 8.92. Over the past 10 years, this metric has ranged from a low of 6.10 to a high of 23.30. The Vehicles & Parts industry median EV-to-EBIT is 13.24. Michelin's value of 9.30 is 29.8% below this industry median. Based on the distribution chart, Michelin ranks #393 out of 1079 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Michelin has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Michelin's EV-to-EBIT compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Michelin ranks #393 out of 1079 companies for EV-to-EBIT. This puts Michelin in the upper half of its industry. The industry median EV-to-EBIT is 13.24. Michelin's value of 9.30 is 29.8% below this benchmark. Historically, Michelin's own EV-to-EBIT has ranged from 6.10 to 23.30 over the past decade. While the company's 10-year median is 8.92 vs. the industry median of 13.24, Michelin 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 EV-to-EBIT for a Vehicles & Parts company?
The median EV-to-EBIT among Vehicles & Parts companies is 13.24, based on 1,079 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. Michelin's current EV-to-EBIT of 9.30 is 29.8% 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 Michelin and its competitors. For the Vehicles & Parts industry, the median EV-to-EBIT is 13.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Michelin's current EV-to-EBIT is 9.30, which is near median its own 10-year median of 8.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Michelin stock overvalued right now?
Michelin (MEX:ML) has a current EV-to-EBIT of 9.30. The stock's GF Value™ is MXN640.51, compared to a current price of MXN733.29 — trading 14.5% above its estimated fair value. The current EV-to-EBIT is 9.30, which is near median its 10-year median of 8.92 and 29.8% below the Vehicles & Parts industry median of 13.24. Michelin's overall GF Score™ is 83/100 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 Michelin (MEX:ML), the current EV-to-EBIT is 9.30 as of Jul. 16, 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 Michelin (MEX:ML) Overvalued in 2026?
Based on GuruFocus' analysis, Michelin stock appears to be overvalued.
The current stock price of MXN733.29 is trading 14.5% above its estimated GF Value™ of MXN640.51.
Key valuation signals for MEX:ML:
EV-to-EBIT: 9.30 (near median its 10-year median of 8.92)
GF Value™: MXN640.51 vs. price of MXN733.29 (14.5% above fair value)
Industry Position: 29.8% below the Vehicles & Parts median (#393 of 1079)
No single metric tells the full story. See the MEX:ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and two-wheel; Road transportation; and Specialty businesses. The company generates maximum revenue from Automotive segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the majority part in the Road transportation and related distribution segment.
83GF Score
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