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Mahanagar GasNSE:MGL -0.37%98 EV-to-EBIT is 10.10 as of Aug. 04, 2026, which is 4% above its 10-year median of 9.67. GuruFocus rates NSE:MGL with a GF Score™ of 98/100 and a GF Value™ of ₹1,583.26 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 463 Utilities - Regulated companies, Mahanagar Gas ranks better than 67.82% on this metric.
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.
Mahanagar Gas's Enterprise Value for the quarter that ended in Jun. 2026 was ₹115,975 Mil.
Mahanagar Gas'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 ₹9,835 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.
Mahanagar Gas EV-to-EBIT Related Terms
Mahanagar Gas EV-to-EBIT Historical Data
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The historical data trend for Mahanagar Gas'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 Utilities - Regulated Gas subindustry, Mahanagar Gas'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.
Mahanagar Gas EV-to-EBIT vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mahanagar Gas's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Mahanagar Gas's EV-to-EBIT falls into.
Mahanagar Gas's current Enterprise Value is ₹99,302 Mil.
Mahanagar Gas'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 ₹9,835 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.
Mahanagar Gas (NSE:MGL) has a EV-to-EBIT of 10.10 as of Aug. 04, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Mahanagar Gas and its competitors. This is near median its historical median of 9.67. Over the past decade, Mahanagar Gas' EV-to-EBIT has ranged from 4.95 to 17.16. According to the industry distribution chart, Mahanagar Gas ranks #149 out of 463 companies in the Utilities - Regulated industry, placing it in the top 32.2%.
Is Mahanagar Gas' EV-to-EBIT too high?
Mahanagar Gas' current EV-to-EBIT of 10.10 is near median its 10-year median of 9.67. Over the past 10 years, this metric has ranged from a low of 4.95 to a high of 17.16. The Utilities - Regulated industry median EV-to-EBIT is 13.72. Mahanagar Gas' value of 10.10 is 26.4% below this industry median. Based on the distribution chart, Mahanagar Gas ranks #149 out of 463 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Mahanagar Gas has a GF Score™ of 98/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mahanagar Gas' EV-to-EBIT compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Mahanagar Gas ranks #149 out of 463 companies for EV-to-EBIT. This puts Mahanagar Gas in the upper half of its industry. The industry median EV-to-EBIT is 13.72. Mahanagar Gas' value of 10.10 is 26.4% below this benchmark. Historically, Mahanagar Gas' own EV-to-EBIT has ranged from 4.95 to 17.16 over the past decade. While the company's 10-year median is 9.67 vs. the industry median of 13.72, Mahanagar Gas 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 Utilities - Regulated company?
The median EV-to-EBIT among Utilities - Regulated companies is 13.72, based on 463 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. Mahanagar Gas's current EV-to-EBIT of 10.10 is 26.4% 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 Mahanagar Gas and its competitors. For the Utilities - Regulated industry, the median EV-to-EBIT is 13.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Gas's current EV-to-EBIT is 10.10, which is near median its own 10-year median of 9.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahanagar Gas stock overvalued right now?
Based on GuruFocus' analysis, Mahanagar Gas (NSE:MGL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,583.26, compared to a current price of ₹1,111.60 — trading 29.8% below its estimated fair value. The current EV-to-EBIT is 10.10, which is near median its 10-year median of 9.67 and 26.4% below the Utilities - Regulated industry median of 13.72. Mahanagar Gas' overall GF Score™ is 98/100 with 5 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 Mahanagar Gas (NSE:MGL), the current EV-to-EBIT is 10.10 as of Aug. 04, 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 Mahanagar Gas (NSE:MGL) Overvalued in 2026?
Based on GuruFocus' analysis, Mahanagar Gas stock appears to be undervalued.
The current stock price of ₹1,111.60 is trading 29.8% below its estimated GF Value™ of ₹1,583.26.
GuruFocus considers Mahanagar Gas to be Significantly Undervalued.
Key valuation signals for NSE:MGL:
EV-to-EBIT: 10.10 (near median its 10-year median of 9.67)
GF Value™: ₹1,583.26 vs. price of ₹1,111.60 (29.8% below fair value)
Industry Position: 26.4% below the Utilities - Regulated median (#149 of 463)
No single metric tells the full story. See the NSE:MGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mahanagar Gas Ltd is an India-based natural gas distribution company. It distributes natural gas through the City Gas Distribution network of pipelines. It distributes compressed natural gas (CNG) for use in vehicles and piped natural gas (PNG) for domestic household, commercial, and industrial use, and to transport sector customers as well. The company operates under the business segment of the sale of natural gas. Its business operations are principally carried out in India. The company generates revenue by selling natural gas, of which the sale of CNG accounts majorly for the total gas sales revenue.
98GF Score
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