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Asian PaintsNSE:ASIANPAINT -0.21%99 EV-to-EBIT is 36.47 as of Aug. 21, 2026, which is 13% below its 10-year median of 42.08. GuruFocus rates NSE:ASIANPAINT with a GF Score™ of 99/100 and a GF Value™ of ₹2,922.38 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,264 Chemicals companies, Asian Paints ranks worse than 76.11% on this metric.
Asian Paints (NSE:ASIANPAINT) 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.
Asian Paints's Enterprise Value for the quarter that ended in Jun. 2026 was ₹2,526,698 Mil.
Asian Paints's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹67,892 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.
Asian Paints EV-to-EBIT Related Terms
Asian Paints EV-to-EBIT Historical Data
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The historical data trend for Asian Paints'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.
NSE:ASIANPAINT vs LIN, SHW, ECL: EV-to-EBIT Comparison
For the Specialty Chemicals subindustry, Asian Paints'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.
Asian Paints EV-to-EBIT vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asian Paints's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Asian Paints's EV-to-EBIT falls into.
Asian Paints's current Enterprise Value is ₹2,476,148 Mil.
Asian Paints's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹67,892 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.
Asian Paints (NSE:ASIANPAINT) has a EV-to-EBIT of 36.47 as of Aug. 21, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Asian Paints and its competitors. This is 13% below median its historical median of 42.08. Over the past decade, Asian Paints' EV-to-EBIT has ranged from 28.55 to 80.53. According to the industry distribution chart, Asian Paints ranks #962 out of 1264 companies in the Chemicals industry, placing it in the top 76.1%.
Is Asian Paints' EV-to-EBIT too high?
Asian Paints' current EV-to-EBIT of 36.47 is 13% below median its 10-year median of 42.08. Over the past 10 years, this metric has ranged from a low of 28.55 to a high of 80.53. The Chemicals industry median EV-to-EBIT is 17.41. Asian Paints' value of 36.47 is 109.5% above this industry median. Based on the distribution chart, Asian Paints ranks #962 out of 1264 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Asian Paints has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asian Paints' EV-to-EBIT compare to LIN and SHW?
According to the Chemicals industry distribution chart, Asian Paints ranks #962 out of 1264 companies for EV-to-EBIT. This places Asian Paints in the lower half of its industry. The industry median EV-to-EBIT is 17.41. Asian Paints' value of 36.47 is 109.5% above this benchmark. Historically, Asian Paints' own EV-to-EBIT has ranged from 28.55 to 80.53 over the past decade. While the company's 10-year median is 42.08 vs. the industry median of 17.41, Asian Paints 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 Chemicals company?
The median EV-to-EBIT among Chemicals companies is 17.41, based on 1,264 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. Asian Paints's current EV-to-EBIT of 36.47 is 109.5% 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 Asian Paints and its competitors. For the Chemicals industry, the median EV-to-EBIT is 17.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Paints's current EV-to-EBIT is 36.47, which is 13% below median its own 10-year median of 42.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Paints stock overvalued right now?
Based on GuruFocus' analysis, Asian Paints (NSE:ASIANPAINT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,922.38, compared to a current price of ₹2,625.20 — trading 10.2% below its estimated fair value. The current EV-to-EBIT is 36.47, which is 13% below median its 10-year median of 42.08 and 109.5% above the Chemicals industry median of 17.41. Asian Paints' overall GF Score™ is 99/100 with 3 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 Asian Paints (NSE:ASIANPAINT), the current EV-to-EBIT is 36.47 as of Aug. 21, 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 Asian Paints (NSE:ASIANPAINT) Overvalued in 2026?
Based on GuruFocus' analysis, Asian Paints stock appears to be undervalued.
The current stock price of ₹2,625.20 is trading 10.2% below its estimated GF Value™ of ₹2,922.38.
GuruFocus considers Asian Paints to be Modestly Undervalued.
Key valuation signals for NSE:ASIANPAINT:
EV-to-EBIT: 36.47 (13% below median its 10-year median of 42.08)
GF Value™: ₹2,922.38 vs. price of ₹2,625.20 (10.2% below fair value)
Industry Position: 109.5% above the Chemicals median (#962 of 1264)
No single metric tells the full story. See the NSE:ASIANPAINT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asian Paints Ltd is in the business of colour, decor, design and protection and operates through Decorative, International, Home Decor, and Industrial segments. The Decorative segment offers interior and exterior wall finishes, wood finishes, waterproofing, enamels, adhesives, tools, and undercoats. The Home Decor segment offers modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lightings, uPVC windows and doors, wall coverings, furniture, fabric and furnishings, and rugs. The International segment caters to customers across Asia, the Middle East, Africa and the South Pacific. The Industrial segment provides automotive, general industrial, packaging, marine, industrial protective coatings, and powder coatings. The majority of revenue comes from India.
99GF Score
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