JSW Steel (NSE:JSWSTEEL) EV-to-EBIT: 9.56 (As of Aug. 21, 2026) — Near Median

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NSE:JSWSTEEL JSW Steel Ltd NSE:JSWSTEEL
90 GF Score
Price ₹1,299.70
GF Value ₹1,103.58
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is JSW Steel EV-to-EBIT?

JSW Steel NSE:JSWSTEEL +1.08% 90 EV-to-EBIT is 9.56 as of Aug. 21, 2026, which is 7% below its 10-year median of 10.33. GuruFocus rates NSE:JSWSTEEL with a GF Score™ of 90/100 and a GF Value™ of ₹1,103.58 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 489 Steel companies, JSW Steel ranks better than 66.46% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, JSW Steel's Enterprise Value is ₹3,912,128 Mil. JSW Steel's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹409,350 Mil. Therefore, JSW Steel's EV-to-EBIT for today is 9.56.

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

NSE:JSWSTEEL' s EV-to-EBIT Range Over the Past 10 Years
Min: 3.92   Med: 10.33   Max: 26.32
Current: 9.56

During the past 13 years, the highest EV-to-EBIT of JSW Steel was 26.32. The lowest was 3.92. And the median was 10.33.

NSE:JSWSTEEL's EV-to-EBIT is ranked better than
66.46% of 489 companies
in the Steel industry
Industry Median: 12.54 vs NSE:JSWSTEEL: 9.56

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. JSW Steel's Enterprise Value for the quarter that ended in Jun. 2026 was ₹2,999,105 Mil. JSW Steel's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹409,350 Mil. JSW Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 13.65%.


JSW Steel  (NSE:JSWSTEEL) 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) %.

JSW Steel'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 )
=409350/2999104.7856
=13.65 %

JSW Steel's Enterprise Value for the quarter that ended in Jun. 2026 was ₹2,999,105 Mil.
JSW Steel'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 ₹409,350 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.


JSW Steel EV-to-EBIT Related Terms


JSW Steel EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for JSW Steel'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.

JSW Steel EV-to-EBIT Chart

JSW Steel 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 6.84 21.22 14.40 28.02 9.29

JSW Steel 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 16.23 22.43 16.13 9.29 7.33

NSE:JSWSTEEL vs NUE, STLD, RS: EV-to-EBIT Comparison

For the Steel subindustry, JSW Steel'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.


JSW Steel EV-to-EBIT vs Steel Industry

For the Steel industry and Basic Materials sector, JSW Steel's EV-to-EBIT distribution charts can be found below:

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


NSE:JSWSTEEL
90GF Score
JSW Steel Ltd NSE:JSWSTEEL
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JSW Steel EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3912127.783/409350
=9.56

JSW Steel's current Enterprise Value is ₹3,912,128 Mil.
JSW Steel'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 ₹409,350 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 9.56 mean?
JSW Steel (NSE:JSWSTEEL) has a EV-to-EBIT of 9.56 as of Aug. 21, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on JSW Steel and its competitors. This is near median its historical median of 10.33. Over the past decade, JSW Steel's EV-to-EBIT has ranged from 3.92 to 26.32. According to the industry distribution chart, JSW Steel ranks #164 out of 489 companies in the Steel industry, placing it in the top 33.5%.
Is JSW Steel's EV-to-EBIT too high?
JSW Steel's current EV-to-EBIT of 9.56 is near median its 10-year median of 10.33. Over the past 10 years, this metric has ranged from a low of 3.92 to a high of 26.32. The Steel industry median EV-to-EBIT is 12.54. JSW Steel's value of 9.56 is 23.8% below this industry median. Based on the distribution chart, JSW Steel ranks #164 out of 489 companies in the Steel industry, which is above the industry midpoint. Overall, JSW Steel has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JSW Steel's EV-to-EBIT compare to NUE and STLD?
According to the Steel industry distribution chart, JSW Steel ranks #164 out of 489 companies for EV-to-EBIT. This puts JSW Steel in the upper half of its industry. The industry median EV-to-EBIT is 12.54. JSW Steel's value of 9.56 is 23.8% below this benchmark. Historically, JSW Steel's own EV-to-EBIT has ranged from 3.92 to 26.32 over the past decade. While the company's 10-year median is 10.33 vs. the industry median of 12.54, JSW Steel 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 a Steel company?
The median EV-to-EBIT among Steel companies is 12.54, based on 489 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. JSW Steel's current EV-to-EBIT of 9.56 is 23.8% 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 JSW Steel and its competitors. For the Steel industry, the median EV-to-EBIT is 12.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Steel's current EV-to-EBIT is 9.56, which is near median its own 10-year median of 10.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Steel stock overvalued right now?
Based on GuruFocus' analysis, JSW Steel (NSE:JSWSTEEL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,103.58, compared to a current price of ₹1,299.70 — trading 17.8% above its estimated fair value. The current EV-to-EBIT is 9.56, which is near median its 10-year median of 10.33 and 23.8% below the Steel industry median of 12.54. JSW Steel's overall GF Score™ is 90/100 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 JSW Steel (NSE:JSWSTEEL), the current EV-to-EBIT is 9.56 as of Aug. 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 JSW Steel (NSE:JSWSTEEL) Overvalued in 2026?

Based on GuruFocus' analysis, JSW Steel stock appears to be overvalued. The current stock price of ₹1,299.70 is trading 17.8% above its estimated GF Value™ of ₹1,103.58. GuruFocus considers JSW Steel to be Modestly Overvalued.

Key valuation signals for NSE:JSWSTEEL:

  • EV-to-EBIT: 9.56 (near median its 10-year median of 10.33)
  • GF Value™: ₹1,103.58 vs. price of ₹1,299.70 (17.8% above fair value)
  • GF Score™: 90/100 with 7 warning signs
  • Industry Position: 23.8% below the Steel median (#164 of 489)

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


JSW Steel Business Description

Other Exchanges 500228:India
Address Bandra Kurla Complex, JSW Centre, Near MMRDA Grounds, Bandra (East), Mumbai, MH, IND, 400051
JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.
90GF Score

Get the complete analysis for NSE:JSWSTEEL

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

₹1,299.70
Price
₹1,103.58
GF Value