Mazagon Dock Shipbuilders (NSE:MAZDOCK) EV-to-EBIT: 24.25 (As of Sep. 07, 2026) — 46% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:MAZDOCK Mazagon Dock Shipbuilders Ltd NSE:MAZDOCK
91 GF Score
Price ₹2,475.00
GF Value ₹2,852.02
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Mazagon Dock Shipbuilders EV-to-EBIT?

Mazagon Dock Shipbuilders NSE:MAZDOCK +0.04% 91 EV-to-EBIT is 24.25 as of Sep. 07, 2026, which is 46% above its 10-year median of 16.62. GuruFocus rates NSE:MAZDOCK with a GF Score™ of 91/100 and a GF Value™ of ₹2,852.02 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 251 Aerospace & Defense companies, Mazagon Dock Shipbuilders ranks better than 56.18% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Mazagon Dock Shipbuilders's Enterprise Value is ₹873,202 Mil. Mazagon Dock Shipbuilders's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹36,015 Mil. Therefore, Mazagon Dock Shipbuilders's EV-to-EBIT for today is 24.25.

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

NSE:MAZDOCK' s EV-to-EBIT Range Over the Past 10 Years
Min: -8.55   Med: 16.62   Max: 48.06
Current: 24.25

During the past 10 years, the highest EV-to-EBIT of Mazagon Dock Shipbuilders was 48.06. The lowest was -8.55. And the median was 16.62.

NSE:MAZDOCK's EV-to-EBIT is ranked better than
56.18% of 251 companies
in the Aerospace & Defense industry
Industry Median: 26.91 vs NSE:MAZDOCK: 24.25

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Mazagon Dock Shipbuilders's Enterprise Value for the quarter that ended in Jun. 2026 was ₹1,007,079 Mil. Mazagon Dock Shipbuilders's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹36,015 Mil. Mazagon Dock Shipbuilders's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 3.58%.


Mazagon Dock Shipbuilders  (NSE:MAZDOCK) 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) %.

Mazagon Dock Shipbuilders'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 )
=36015.2/1007078.508
=3.58 %

Mazagon Dock Shipbuilders's Enterprise Value for the quarter that ended in Jun. 2026 was ₹1,007,079 Mil.
Mazagon Dock Shipbuilders'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 ₹36,015 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.


Mazagon Dock Shipbuilders EV-to-EBIT Related Terms


Mazagon Dock Shipbuilders EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Mazagon Dock Shipbuilders'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.

Mazagon Dock Shipbuilders EV-to-EBIT Chart

Mazagon Dock Shipbuilders 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 -8.70 0.07 9.59 29.33 21.36

Mazagon Dock Shipbuilders 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 46.85 32.80 32.97 21.36 27.96

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

For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders'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.


Mazagon Dock Shipbuilders EV-to-EBIT vs Aerospace & Defense Industry

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

* The bar in red indicates where Mazagon Dock Shipbuilders's EV-to-EBIT falls into.


NSE:MAZDOCK
91GF Score
Mazagon Dock Shipbuilders Ltd NSE:MAZDOCK
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mazagon Dock Shipbuilders EV-to-EBIT Calculation

Mazagon Dock Shipbuilders's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=873202.160/36015.2
=24.25

Mazagon Dock Shipbuilders's current Enterprise Value is ₹873,202 Mil.
Mazagon Dock Shipbuilders'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 ₹36,015 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 24.25 mean?
Mazagon Dock Shipbuilders (NSE:MAZDOCK) has a EV-to-EBIT of 24.25 as of Sep. 07, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Mazagon Dock Shipbuilders and its competitors. This is 46% above median its historical median of 16.62. According to the industry distribution chart, Mazagon Dock Shipbuilders ranks #110 out of 251 companies in the Aerospace & Defense industry, placing it in the top 43.8%.
Is Mazagon Dock Shipbuilders' EV-to-EBIT too high?
Mazagon Dock Shipbuilders' current EV-to-EBIT of 24.25 is 46% above median its 10-year median of 16.62. The Aerospace & Defense industry median EV-to-EBIT is 26.91. Mazagon Dock Shipbuilders' value of 24.25 is 9.9% below this industry median. Based on the distribution chart, Mazagon Dock Shipbuilders ranks #110 out of 251 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Mazagon Dock Shipbuilders has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazagon Dock Shipbuilders' EV-to-EBIT compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Mazagon Dock Shipbuilders ranks #110 out of 251 companies for EV-to-EBIT. This puts Mazagon Dock Shipbuilders in the upper half of its industry. The industry median EV-to-EBIT is 26.91. Mazagon Dock Shipbuilders' value of 24.25 is 9.9% below this benchmark. While the company's 10-year median is 16.62 vs. the industry median of 26.91, Mazagon Dock Shipbuilders 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 26.91, based on 251 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. Mazagon Dock Shipbuilders's current EV-to-EBIT of 24.25 is 9.9% 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 Mazagon Dock Shipbuilders and its competitors. For the Aerospace & Defense industry, the median EV-to-EBIT is 26.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazagon Dock Shipbuilders's current EV-to-EBIT is 24.25, which is 46% above median its own 10-year median of 16.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazagon Dock Shipbuilders stock overvalued right now?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders (NSE:MAZDOCK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,852.02, compared to a current price of ₹2,475.00 — trading 13.2% below its estimated fair value. The current EV-to-EBIT is 24.25, which is 46% above median its 10-year median of 16.62 and 9.9% below the Aerospace & Defense industry median of 26.91. Mazagon Dock Shipbuilders' overall GF Score™ is 91/100 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 Mazagon Dock Shipbuilders (NSE:MAZDOCK), the current EV-to-EBIT is 24.25 as of Sep. 07, 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 Mazagon Dock Shipbuilders (NSE:MAZDOCK) Overvalued in 2026?

Based on GuruFocus' analysis, Mazagon Dock Shipbuilders stock appears to be undervalued. The current stock price of ₹2,475.00 is trading 13.2% below its estimated GF Value™ of ₹2,852.02. GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.

Key valuation signals for NSE:MAZDOCK:

  • EV-to-EBIT: 24.25 (46% above median its 10-year median of 16.62)
  • GF Value™: ₹2,852.02 vs. price of ₹2,475.00 (13.2% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 9.9% below the Aerospace & Defense median (#110 of 251)

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


Mazagon Dock Shipbuilders Business Description

Other Exchanges 543237:India
Address Dockyard Road, Mazagon, Mumbai, MH, IND, 400010
Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, ferries, tugs, dredgers, barges, submarines, merchant ships, etc., with facilities situated in Mumbai and Nhava. It also offers ship designing, ship repairs and refit, tug support, and other related services. The company is organized into two segments: Shipbuilding and Submarine (New Construction and Repairs) and others.
91GF Score

Get the complete analysis for NSE:MAZDOCK

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

₹2,475.00
Price
₹2,852.02
GF Value