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ICRANSE:ICRA -1.60%82 EV-to-EBIT is 14.10 as of Sep. 09, 2026, which is 39% below its 10-year median of 23.09. GuruFocus rates NSE:ICRA with a GF Score™ of 82/100 and a GF Value™ of ₹8,351.15 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 486 Capital Markets companies, ICRA ranks worse than 63.58% on this metric.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, ICRA's Enterprise Value is ₹38,264 Mil.
ICRA's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹2,714 Mil. Therefore, ICRA's EV-to-EBIT for today is 14.10.
The historical rank and industry rank for ICRA's EV-to-EBIT or its related term are showing as below:
NSE:ICRA'
s EV-to-EBIT Range Over the Past 10 Years
Min: 10.75 Med: 23.09 Max: 34.71
Current: 14.09
During the past 13 years, the highest EV-to-EBIT of ICRA was 34.71. The lowest was 10.75. And the median was 23.09.
NSE:ICRA's EV-to-EBIT is ranked worse than 63.58% of 486
companies
in the Capital Markets industry
Industry Median: 9.335
vs NSE:ICRA: 14.09
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.
ICRA's Enterprise Value for the quarter that ended in Jun. 2026 was ₹50,454 Mil.
ICRA'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 ₹2,714 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.
ICRA EV-to-EBIT Related Terms
ICRA EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for ICRA'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 Financial Data & Stock Exchanges subindustry, ICRA'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.
ICRA EV-to-EBIT vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, ICRA's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where ICRA's EV-to-EBIT falls into.
ICRA's current Enterprise Value is ₹38,264 Mil.
ICRA'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 ₹2,714 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.
ICRA (NSE:ICRA) has a EV-to-EBIT of 14.10 as of Sep. 09, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on ICRA and its competitors. This is 39% below median its historical median of 23.09. Over the past decade, ICRA's EV-to-EBIT has ranged from 10.75 to 34.71. According to the industry distribution chart, ICRA ranks #309 out of 486 companies in the Capital Markets industry, placing it in the top 63.6%.
Is ICRA's EV-to-EBIT too high?
ICRA's current EV-to-EBIT of 14.10 is 39% below median its 10-year median of 23.09. Over the past 10 years, this metric has ranged from a low of 10.75 to a high of 34.71. The Capital Markets industry median EV-to-EBIT is 9.34. ICRA's value of 14.10 is 51% above this industry median. Based on the distribution chart, ICRA ranks #309 out of 486 companies in the Capital Markets industry, which is below the industry midpoint. Overall, ICRA has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ICRA's EV-to-EBIT compare to SPGI and CME?
According to the Capital Markets industry distribution chart, ICRA ranks #309 out of 486 companies for EV-to-EBIT. This places ICRA in the lower half of its industry. The industry median EV-to-EBIT is 9.34. ICRA's value of 14.10 is 51% above this benchmark. Historically, ICRA's own EV-to-EBIT has ranged from 10.75 to 34.71 over the past decade. While the company's 10-year median is 23.09 vs. the industry median of 9.34, ICRA 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 9.34, based on 486 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. ICRA's current EV-to-EBIT of 14.10 is 51% 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 ICRA and its competitors. For the Capital Markets industry, the median EV-to-EBIT is 9.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICRA's current EV-to-EBIT is 14.10, which is 39% below median its own 10-year median of 23.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICRA stock overvalued right now?
Based on GuruFocus' analysis, ICRA (NSE:ICRA) is currently considered Possible Value Trap. The stock's GF Value™ is ₹8,351.15, compared to a current price of ₹4,776.50 — trading 42.8% below its estimated fair value. The current EV-to-EBIT is 14.10, which is 39% below median its 10-year median of 23.09 and 51% above the Capital Markets industry median of 9.34. ICRA's overall GF Score™ is 82/100 with 1 warning sign 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 ICRA (NSE:ICRA), the current EV-to-EBIT is 14.10 as of Sep. 09, 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 ICRA (NSE:ICRA) Overvalued in 2026?
Based on GuruFocus' analysis, ICRA stock appears to be undervalued.
The current stock price of ₹4,776.50 is trading 42.8% below its estimated GF Value™ of ₹8,351.15.
GuruFocus considers ICRA to be Possible Value Trap.
Key valuation signals for NSE:ICRA:
EV-to-EBIT: 14.10 (39% below median its 10-year median of 23.09)
GF Value™: ₹8,351.15 vs. price of ₹4,776.50 (42.8% below fair value)
Industry Position: 51% above the Capital Markets median (#309 of 486)
No single metric tells the full story. See the NSE:ICRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICRA Ltd is an independent and professional Investment Information and credit rating agency. The company operates through four segments: Rating, research, and other services; Consulting services; Knowledge and Market Services. The company generates over half of its revenue from the Rating, research and other services segment. Rating, research, and other services segment provides rating, grading, and industry research services. The consulting services segment provides management consulting which includes risk management, financial advisory, outsourcing, and policy advisory. The knowledge Services segment provides KPO services and the Market services segment provides financial information products and services. Geographically the majority of revenue is generated from within India.
82GF Score
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