Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
CeatNSE:CEATLTD +1.10%87 EV-to-EBIT is 13.72 as of Sep. 22, 2026, which is 11% above its 10-year median of 12.34. GuruFocus rates NSE:CEATLTD with a GF Score™ of 87/100 and a GF Value™ of ₹3,992.05 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,086 Vehicles & Parts companies, Ceat ranks worse than 53.13% on this metric.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ceat's Enterprise Value is ₹172,716 Mil.
Ceat's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹12,591 Mil. Therefore, Ceat's EV-to-EBIT for today is 13.72.
The historical rank and industry rank for Ceat's EV-to-EBIT or its related term are showing as below:
NSE:CEATLTD'
s EV-to-EBIT Range Over the Past 10 Years
Min: 6.42 Med: 12.34 Max: 40.73
Current: 13.71
During the past 13 years, the highest EV-to-EBIT of Ceat was 40.73. The lowest was 6.42. And the median was 12.34.
NSE:CEATLTD's EV-to-EBIT is ranked worse than 53.13% of 1086
companies
in the Vehicles & Parts industry
Industry Median: 12.8
vs NSE:CEATLTD: 13.71
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.
Ceat's Enterprise Value for the quarter that ended in Jun. 2026 was ₹140,799 Mil.
Ceat'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 ₹12,591 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.
Ceat EV-to-EBIT Related Terms
Ceat EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Ceat'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:CEATLTD vs ORLY, AZO, GPC: EV-to-EBIT Comparison
For the Auto Parts subindustry, Ceat'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.
Ceat EV-to-EBIT vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ceat's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Ceat's EV-to-EBIT falls into.
Ceat's current Enterprise Value is ₹172,716 Mil.
Ceat'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 ₹12,591 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.
Ceat (NSE:CEATLTD) has a EV-to-EBIT of 13.72 as of Sep. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Ceat and its competitors. This is 11% above median its historical median of 12.34. Over the past decade, Ceat's EV-to-EBIT has ranged from 6.42 to 40.73. According to the industry distribution chart, Ceat ranks #577 out of 1086 companies in the Vehicles & Parts industry, placing it in the top 53.1%.
Is Ceat's EV-to-EBIT too high?
Ceat's current EV-to-EBIT of 13.72 is 11% above median its 10-year median of 12.34. Over the past 10 years, this metric has ranged from a low of 6.42 to a high of 40.73. The Vehicles & Parts industry median EV-to-EBIT is 12.80. Ceat's value of 13.72 is 7.2% above this industry median. Based on the distribution chart, Ceat ranks #577 out of 1086 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Ceat has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ceat's EV-to-EBIT compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Ceat ranks #577 out of 1086 companies for EV-to-EBIT. This places Ceat in the lower half of its industry. The industry median EV-to-EBIT is 12.80. Ceat's value of 13.72 is 7.2% above this benchmark. Historically, Ceat's own EV-to-EBIT has ranged from 6.42 to 40.73 over the past decade. While the company's 10-year median is 12.34 vs. the industry median of 12.80, Ceat 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 Vehicles & Parts company?
The median EV-to-EBIT among Vehicles & Parts companies is 12.80, based on 1,086 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. Ceat's current EV-to-EBIT of 13.72 is 7.2% 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 Ceat and its competitors. For the Vehicles & Parts industry, the median EV-to-EBIT is 12.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ceat's current EV-to-EBIT is 13.72, which is 11% above median its own 10-year median of 12.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ceat stock overvalued right now?
Based on GuruFocus' analysis, Ceat (NSE:CEATLTD) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,992.05, compared to a current price of ₹3,392.70 — trading 15% below its estimated fair value. The current EV-to-EBIT is 13.72, which is 11% above median its 10-year median of 12.34 and 7.2% above the Vehicles & Parts industry median of 12.80. Ceat's overall GF Score™ is 87/100 with 2 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 Ceat (NSE:CEATLTD), the current EV-to-EBIT is 13.72 as of Sep. 22, 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 Ceat (NSE:CEATLTD) Overvalued in 2026?
Based on GuruFocus' analysis, Ceat stock appears to be undervalued.
The current stock price of ₹3,392.70 is trading 15% below its estimated GF Value™ of ₹3,992.05.
GuruFocus considers Ceat to be Modestly Undervalued.
Key valuation signals for NSE:CEATLTD:
EV-to-EBIT: 13.72 (11% above median its 10-year median of 12.34)
GF Value™: ₹3,992.05 vs. price of ₹3,392.70 (15% below fair value)
Industry Position: 7.2% above the Vehicles & Parts median (#577 of 1086)
No single metric tells the full story. See the NSE:CEATLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ceat Ltd is a tyre manufacturer that operates within the RPG Group. It is engaged in the manufacturing and selling of automotive tyres, tubes, and flaps and has a diverse product portfolio encompassing truck tyres, tyres for off-the-road (OTR) vehicles, and light commercial vehicle categories. Tyres are built to meet a range of specifications, such as ride comfort and low noise for European regulation requirements, in addition to builds that permit higher life targets for more industrial use. Geographically, the company generates a majority of its revenue within India and also caters to international markets.
87GF Score
Get the complete analysis for NSE:CEATLTD
EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:CEATLTD has been successfully added to your 
