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Happy ForgingsNSE:HAPPYFORGE +5.19%59 EV-to-EBIT is 46.22 as of Aug. 18, 2026, which is 71% above its 10-year median of 27.08. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 59/100 and a GF Value™ of ₹1,345.91 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,375 Industrial Products companies, Happy Forgings ranks worse than 77.35% on this metric.
The historical rank and industry rank for Happy Forgings's EV-to-EBIT or its related term are showing as below:
NSE:HAPPYFORGE'
s EV-to-EBIT Range Over the Past 10 Years
Min: 19.92 Med: 27.08 Max: 46.22
Current: 46.22
During the past 6 years, the highest EV-to-EBIT of Happy Forgings was 46.22. The lowest was 19.92. And the median was 27.08.
NSE:HAPPYFORGE's EV-to-EBIT is ranked worse than 77.35% of 2375
companies
in the Industrial Products industry
Industry Median: 19.98
vs NSE:HAPPYFORGE: 46.22
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.
Happy Forgings's Enterprise Value for the quarter that ended in Jun. 2026 was ₹145,136 Mil.
Happy Forgings'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 ₹4,472 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.
Happy Forgings EV-to-EBIT Related Terms
Happy Forgings EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Happy Forgings'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:HAPPYFORGE vs CRS, ATI, MLI: EV-to-EBIT Comparison
For the Metal Fabrication subindustry, Happy Forgings'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.
Happy Forgings EV-to-EBIT vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Happy Forgings's EV-to-EBIT falls into.
Happy Forgings's current Enterprise Value is ₹206,702 Mil.
Happy Forgings'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 ₹4,472 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.
Happy Forgings (NSE:HAPPYFORGE) has a EV-to-EBIT of 46.22 as of Aug. 18, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Happy Forgings and its competitors. This is 71% above median its historical median of 27.08. Over the past decade, Happy Forgings' EV-to-EBIT has ranged from 19.92 to 46.22. According to the industry distribution chart, Happy Forgings ranks #1837 out of 2375 companies in the Industrial Products industry, placing it in the top 77.3%.
Is Happy Forgings' EV-to-EBIT too high?
Happy Forgings' current EV-to-EBIT of 46.22 is 71% above median its 10-year median of 27.08. Over the past 10 years, this metric has ranged from a low of 19.92 to a high of 46.22. The Industrial Products industry median EV-to-EBIT is 19.98. Happy Forgings' value of 46.22 is 131.3% above this industry median. Based on the distribution chart, Happy Forgings ranks #1837 out of 2375 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Happy Forgings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' EV-to-EBIT compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #1837 out of 2375 companies for EV-to-EBIT. This places Happy Forgings in the lower half of its industry. The industry median EV-to-EBIT is 19.98. Happy Forgings' value of 46.22 is 131.3% above this benchmark. Historically, Happy Forgings' own EV-to-EBIT has ranged from 19.92 to 46.22 over the past decade. While the company's 10-year median is 27.08 vs. the industry median of 19.98, Happy Forgings 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 Industrial Products company?
The median EV-to-EBIT among Industrial Products companies is 19.98, based on 2,375 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. Happy Forgings's current EV-to-EBIT of 46.22 is 131.3% 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 Happy Forgings and its competitors. For the Industrial Products industry, the median EV-to-EBIT is 19.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current EV-to-EBIT is 46.22, which is 71% above median its own 10-year median of 27.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Forgings stock overvalued right now?
Based on GuruFocus' analysis, Happy Forgings (NSE:HAPPYFORGE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,345.91, compared to a current price of ₹2,198.10 — trading 63.3% above its estimated fair value. The current EV-to-EBIT is 46.22, which is 71% above median its 10-year median of 27.08 and 131.3% above the Industrial Products industry median of 19.98. Happy Forgings' overall GF Score™ is 59/100 with 4 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 Happy Forgings (NSE:HAPPYFORGE), the current EV-to-EBIT is 46.22 as of Aug. 18, 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 Happy Forgings (NSE:HAPPYFORGE) Overvalued in 2026?
Based on GuruFocus' analysis, Happy Forgings stock appears to be overvalued.
The current stock price of ₹2,198.10 is trading 63.3% above its estimated GF Value™ of ₹1,345.91.
GuruFocus considers Happy Forgings to be Significantly Overvalued.
Key valuation signals for NSE:HAPPYFORGE:
EV-to-EBIT: 46.22 (71% above median its 10-year median of 27.08)
GF Value™: ₹1,345.91 vs. price of ₹2,198.10 (63.3% above fair value)
Industry Position: 131.3% above the Industrial Products median (#1837 of 2375)
No single metric tells the full story. See the NSE:HAPPYFORGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Happy Forgings Ltd is a manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. The company manufactures, designs, and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products, and valve bodies for different industries and customers. The Company business comprises only the Forging segment where the company sells forged products comprising of forgings and machined components for the automotive and industrial sectors. The company generates the majority of its revenue within India.
59GF Score
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