Hindustan Aeronautics (NSE:HAL) EV-to-EBIT: 23.11 (As of Aug. 22, 2026) — 73% Above Median

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NSE:HAL Hindustan Aeronautics Ltd NSE:HAL
94 GF Score
Price ₹5,000.00
GF Value ₹4,821.70
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Hindustan Aeronautics EV-to-EBIT?

Hindustan Aeronautics NSE:HAL +0.04% 94 EV-to-EBIT is 23.11 as of Aug. 22, 2026, which is 73% above its 10-year median of 13.37. GuruFocus rates NSE:HAL with a GF Score™ of 94/100 and a GF Value™ of ₹4,821.70 (Fairly Valued). The stock has 7 warning signs investors should review. Among 258 Aerospace & Defense companies, Hindustan Aeronautics ranks better than 59.69% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Hindustan Aeronautics's Enterprise Value is ₹2,874,036 Mil. Hindustan Aeronautics's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹124,378 Mil. Therefore, Hindustan Aeronautics's EV-to-EBIT for today is 23.11.

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

NSE:HAL' s EV-to-EBIT Range Over the Past 10 Years
Min: 3.97   Med: 13.37   Max: 63.69
Current: 23.12

During the past 13 years, the highest EV-to-EBIT of Hindustan Aeronautics was 63.69. The lowest was 3.97. And the median was 13.37.

NSE:HAL's EV-to-EBIT is ranked better than
59.69% of 258 companies
in the Aerospace & Defense industry
Industry Median: 27.66 vs NSE:HAL: 23.12

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Hindustan Aeronautics's Enterprise Value for the quarter that ended in Jun. 2026 was ₹2,930,037 Mil. Hindustan Aeronautics's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹124,378 Mil. Hindustan Aeronautics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.24%.


Hindustan Aeronautics  (NSE:HAL) 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) %.

Hindustan Aeronautics'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 )
=124377.9/2930037.03
=4.24 %

Hindustan Aeronautics's Enterprise Value for the quarter that ended in Jun. 2026 was ₹2,930,037 Mil.
Hindustan Aeronautics'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 ₹124,378 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.


Hindustan Aeronautics EV-to-EBIT Related Terms


Hindustan Aeronautics EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Hindustan Aeronautics'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.

Hindustan Aeronautics EV-to-EBIT Chart

Hindustan Aeronautics 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 6.70 10.81 19.12 22.17 15.38

Hindustan Aeronautics 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 29.23 23.88 24.87 15.38 23.58

NSE:HAL vs SPCX, GE, RTX: EV-to-EBIT Comparison

For the Aerospace & Defense subindustry, Hindustan Aeronautics'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.


Hindustan Aeronautics EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Hindustan Aeronautics's EV-to-EBIT distribution charts can be found below:

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


NSE:HAL
94GF Score
Hindustan Aeronautics Ltd NSE:HAL
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hindustan Aeronautics EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=2874036.400/124377.9
=23.11

Hindustan Aeronautics's current Enterprise Value is ₹2,874,036 Mil.
Hindustan Aeronautics'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 ₹124,378 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 23.11 mean?
Hindustan Aeronautics (NSE:HAL) has a EV-to-EBIT of 23.11 as of Aug. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Hindustan Aeronautics and its competitors. This is 73% above median its historical median of 13.37. Over the past decade, Hindustan Aeronautics' EV-to-EBIT has ranged from 3.97 to 63.69. According to the industry distribution chart, Hindustan Aeronautics ranks #104 out of 258 companies in the Aerospace & Defense industry, placing it in the top 40.3%.
Is Hindustan Aeronautics' EV-to-EBIT too high?
Hindustan Aeronautics' current EV-to-EBIT of 23.11 is 73% above median its 10-year median of 13.37. Over the past 10 years, this metric has ranged from a low of 3.97 to a high of 63.69. The Aerospace & Defense industry median EV-to-EBIT is 27.66. Hindustan Aeronautics' value of 23.11 is 16.4% below this industry median. Based on the distribution chart, Hindustan Aeronautics ranks #104 out of 258 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Hindustan Aeronautics has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Aeronautics' EV-to-EBIT compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Hindustan Aeronautics ranks #104 out of 258 companies for EV-to-EBIT. This puts Hindustan Aeronautics in the upper half of its industry. The industry median EV-to-EBIT is 27.66. Hindustan Aeronautics' value of 23.11 is 16.4% below this benchmark. Historically, Hindustan Aeronautics' own EV-to-EBIT has ranged from 3.97 to 63.69 over the past decade. While the company's 10-year median is 13.37 vs. the industry median of 27.66, Hindustan Aeronautics 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 an Aerospace & Defense company?
The median EV-to-EBIT among Aerospace & Defense companies is 27.66, based on 258 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. Hindustan Aeronautics's current EV-to-EBIT of 23.11 is 16.4% 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 Hindustan Aeronautics and its competitors. For the Aerospace & Defense industry, the median EV-to-EBIT is 27.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Aeronautics's current EV-to-EBIT is 23.11, which is 73% above median its own 10-year median of 13.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Aeronautics stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Aeronautics (NSE:HAL) is currently considered Fairly Valued. The stock's GF Value™ is ₹4,821.70, compared to a current price of ₹5,000.00 — trading 3.7% above its estimated fair value. The current EV-to-EBIT is 23.11, which is 73% above median its 10-year median of 13.37 and 16.4% below the Aerospace & Defense industry median of 27.66. Hindustan Aeronautics' overall GF Score™ is 94/100 with 7 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 Hindustan Aeronautics (NSE:HAL), the current EV-to-EBIT is 23.11 as of Aug. 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 Hindustan Aeronautics (NSE:HAL) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Aeronautics stock appears to be overvalued. The current stock price of ₹5,000.00 is trading 3.7% above its estimated GF Value™ of ₹4,821.70. GuruFocus considers Hindustan Aeronautics to be Fairly Valued.

Key valuation signals for NSE:HAL:

  • EV-to-EBIT: 23.11 (73% above median its 10-year median of 13.37)
  • GF Value™: ₹4,821.70 vs. price of ₹5,000.00 (3.7% above fair value)
  • GF Score™: 94/100 with 7 warning signs
  • Industry Position: 16.4% below the Aerospace & Defense median (#104 of 258)

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


Hindustan Aeronautics Business Description

Other Exchanges 541154:India
Address No. 15/1 Cubbon Road, Bengaluru, KA, IND, 560001
Hindustan Aeronautics Ltd operates in the aerospace and defense sector. The company is engaged in the design, manufacturing, and development of products like aircraft, helicopters, systems and accessories, power plants, avionics, materials like castings, rolled rings, rubber products, and aerospace which include structures, tanks, and cryogenic engines. Geographically the company derives revenue from India and other countries, of which a majority of revenue is generated from India.
94GF Score

Get the complete analysis for NSE:HAL

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

₹5,000.00
Price
₹4,821.70
GF Value