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Bharat ElectronicsNSE:BEL -0.80%97 EV-to-EBIT is 35.20 as of Sep. 05, 2026, which is 88% above its 10-year median of 18.69. GuruFocus rates NSE:BEL with a GF Score™ of 97/100 and a GF Value™ of ₹434.37 (Fairly Valued). Among 250 Aerospace & Defense companies, Bharat Electronics ranks worse than 63.2% on this metric.
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.
Bharat Electronics's Enterprise Value for the quarter that ended in Jun. 2026 was ₹3,010,167 Mil.
Bharat Electronics'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 ₹81,763 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.
Bharat Electronics EV-to-EBIT Related Terms
Bharat Electronics EV-to-EBIT Historical Data
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The historical data trend for Bharat Electronics'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 Aerospace & Defense subindustry, Bharat Electronics'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.
Bharat Electronics EV-to-EBIT vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Bharat Electronics's EV-to-EBIT falls into.
Bharat Electronics's current Enterprise Value is ₹2,878,017 Mil.
Bharat Electronics'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 ₹81,763 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.
Bharat Electronics (NSE:BEL) has a EV-to-EBIT of 35.20 as of Sep. 05, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Bharat Electronics and its competitors. This is 88% above median its historical median of 18.69. Over the past decade, Bharat Electronics' EV-to-EBIT has ranged from 5.20 to 117.52. According to the industry distribution chart, Bharat Electronics ranks #158 out of 250 companies in the Aerospace & Defense industry, placing it in the top 63.2%.
Is Bharat Electronics' EV-to-EBIT too high?
Bharat Electronics' current EV-to-EBIT of 35.20 is 88% above median its 10-year median of 18.69. Over the past 10 years, this metric has ranged from a low of 5.20 to a high of 117.52. The Aerospace & Defense industry median EV-to-EBIT is 26.82. Bharat Electronics' value of 35.20 is 31.3% above this industry median. Based on the distribution chart, Bharat Electronics ranks #158 out of 250 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Bharat Electronics has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Electronics' EV-to-EBIT compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Bharat Electronics ranks #158 out of 250 companies for EV-to-EBIT. This places Bharat Electronics in the lower half of its industry. The industry median EV-to-EBIT is 26.82. Bharat Electronics' value of 35.20 is 31.3% above this benchmark. Historically, Bharat Electronics' own EV-to-EBIT has ranged from 5.20 to 117.52 over the past decade. While the company's 10-year median is 18.69 vs. the industry median of 26.82, Bharat Electronics 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 an Aerospace & Defense company?
The median EV-to-EBIT among Aerospace & Defense companies is 26.82, based on 250 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. Bharat Electronics's current EV-to-EBIT of 35.20 is 31.3% 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 Bharat Electronics and its competitors. For the Aerospace & Defense industry, the median EV-to-EBIT is 26.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Electronics's current EV-to-EBIT is 35.20, which is 88% above median its own 10-year median of 18.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Electronics stock overvalued right now?
Based on GuruFocus' analysis, Bharat Electronics (NSE:BEL) is currently considered Fairly Valued. The stock's GF Value™ is ₹434.37, compared to a current price of ₹405.35 — trading 6.7% below its estimated fair value. The current EV-to-EBIT is 35.20, which is 88% above median its 10-year median of 18.69 and 31.3% above the Aerospace & Defense industry median of 26.82. Bharat Electronics' overall GF Score™ is 97/100. 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 Bharat Electronics (NSE:BEL), the current EV-to-EBIT is 35.20 as of Sep. 05, 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 Bharat Electronics (NSE:BEL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Electronics stock appears to be undervalued.
The current stock price of ₹405.35 is trading 6.7% below its estimated GF Value™ of ₹434.37.
GuruFocus considers Bharat Electronics to be Fairly Valued.
Key valuation signals for NSE:BEL:
EV-to-EBIT: 35.20 (88% above median its 10-year median of 18.69)
GF Value™: ₹434.37 vs. price of ₹405.35 (6.7% below fair value)
Industry Position: 31.3% above the Aerospace & Defense median (#158 of 250)
No single metric tells the full story. See the NSE:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Electronics Ltd is an aerospace and defense company predominantly owned by the Indian government. It manufactures a wide range of specialized electronics and equipment for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. Its product portfolio includes unmanned systems, land-based radars, batteries, weapon systems, fuzes, simulators, and jammers, among others. It also provides cybersecurity and software products. A majority of the company's revenue is derived from the defense sector. Geographically, the company's key revenue is derived from India, and it also has international customers from countries like the United Kingdom, Israel, and others.
97GF Score
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