BSE (NSE:BSE) EV-to-EBIT: 34.90 (As of Sep. 21, 2026) — 47% Above Median

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NSE:BSE BSE Ltd NSE:BSE
93 GF Score
Price ₹3,266.40
GF Value ₹4,252.81
Valuation Modestly Undervalued
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What is BSE EV-to-EBIT?

BSE NSE:BSE +0.23% 93 EV-to-EBIT is 34.90 as of Sep. 21, 2026, which is 47% above its 10-year median of 23.76. GuruFocus rates NSE:BSE with a GF Score™ of 93/100 and a GF Value™ of ₹4,252.81 (Modestly Undervalued). Among 530 Capital Markets companies, BSE ranks worse than 86.42% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, BSE's Enterprise Value is ₹1,288,646 Mil. BSE's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹36,927 Mil. Therefore, BSE's EV-to-EBIT for today is 34.90.

The historical rank and industry rank for BSE's EV-to-EBIT or its related term are showing as below:

NSE:BSE' s EV-to-EBIT Range Over the Past 10 Years
Min: -6.05   Med: 23.76   Max: 99.3
Current: 38.52

During the past 13 years, the highest EV-to-EBIT of BSE was 99.30. The lowest was -6.05. And the median was 23.76.

NSE:BSE's EV-to-EBIT is ranked worse than
86.42% of 530 companies
in the Capital Markets industry
Industry Median: 8.895 vs NSE:BSE: 38.52

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. BSE's Enterprise Value for the quarter that ended in Jun. 2026 was ₹ Mil. BSE's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹36,927 Mil. BSE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was %.


BSE  (NSE:BSE) 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.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

BSE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=36927.3/
= %

BSE's Enterprise Value for the quarter that ended in Jun. 2026 was ₹ Mil.
BSE'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 ₹36,927 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.


BSE EV-to-EBIT Related Terms


BSE EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for BSE'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.

BSE EV-to-EBIT Chart

BSE Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.62 10.17 31.64 41.38 31.95

BSE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 32.91 - 31.61 -

NSE:BSE vs SPGI, CME, ICE: EV-to-EBIT Comparison

For the Financial Data & Stock Exchanges subindustry, BSE'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.


BSE EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BSE's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BSE's EV-to-EBIT falls into.


NSE:BSE
93GF Score
BSE Ltd NSE:BSE
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BSE EV-to-EBIT Calculation

BSE's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1288645.817/36927.3
=34.90

BSE's current Enterprise Value is ₹1,288,646 Mil.
BSE'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 ₹36,927 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 34.90 mean?
BSE (NSE:BSE) has a EV-to-EBIT of 34.90 as of Sep. 21, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on BSE and its competitors. This is 47% above median its historical median of 23.76. According to the industry distribution chart, BSE ranks #458 out of 530 companies in the Capital Markets industry, placing it in the top 86.4%.
Is BSE's EV-to-EBIT too high?
BSE's current EV-to-EBIT of 34.90 is 47% above median its 10-year median of 23.76. The Capital Markets industry median EV-to-EBIT is 8.90. BSE's value of 34.90 is 292.4% above this industry median. Based on the distribution chart, BSE ranks #458 out of 530 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, BSE has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BSE's EV-to-EBIT compare to SPGI and CME?
According to the Capital Markets industry distribution chart, BSE ranks #458 out of 530 companies for EV-to-EBIT. This places BSE in the lower half of its industry. The industry median EV-to-EBIT is 8.90. BSE's value of 34.90 is 292.4% above this benchmark. While the company's 10-year median is 23.76 vs. the industry median of 8.90, BSE 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 Capital Markets company?
The median EV-to-EBIT among Capital Markets companies is 8.90, based on 530 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. BSE's current EV-to-EBIT of 34.90 is 292.4% 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 BSE and its competitors. For the Capital Markets industry, the median EV-to-EBIT is 8.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSE's current EV-to-EBIT is 34.90, which is 47% above median its own 10-year median of 23.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSE stock overvalued right now?
Based on GuruFocus' analysis, BSE (NSE:BSE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹4,252.81, compared to a current price of ₹3,266.40 — trading 23.2% below its estimated fair value. The current EV-to-EBIT is 34.90, which is 47% above median its 10-year median of 23.76 and 292.4% above the Capital Markets industry median of 8.90. BSE's overall GF Score™ is 93/100. 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 BSE (NSE:BSE), the current EV-to-EBIT is 34.90 as of Sep. 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 BSE (NSE:BSE) Overvalued in 2026?

Based on GuruFocus' analysis, BSE stock appears to be undervalued. The current stock price of ₹3,266.40 is trading 23.2% below its estimated GF Value™ of ₹4,252.81. GuruFocus considers BSE to be Modestly Undervalued.

Key valuation signals for NSE:BSE:

  • EV-to-EBIT: 34.90 (47% above median its 10-year median of 23.76)
  • GF Value™: ₹4,252.81 vs. price of ₹3,266.40 (23.2% below fair value)
  • GF Score™: 93/100
  • Industry Position: 292.4% above the Capital Markets median (#458 of 530)

No single metric tells the full story. See the NSE:BSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BSE Business Description

Address Dalal Street, 25th Floor, Phiroze Jeejeebhoy Towers, Mumbai, MH, IND, 400001
BSE Ltd operates as a stock exchange and is one of the exchange groups in India. The company operates through one segment namely Stock Exchange Operations i.e. Facilitating Trading in Securities and other related ancillary Services, while generating a majority of its revenues through stock exchange activities. It predominantly provides a trading platform for over 5000 companies that are listed on its exchange. The exchange offers various services such as trading in equity, debt instruments, derivatives, and mutual funds. BSE also offers its customers other services such as risk management, market data services, and educational programs. Geographically, the company generates a majority of its revenue from its customers within India.
93GF Score

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EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹3,266.40
Price
₹4,252.81
GF Value