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Varun BeveragesNSE:VBL +2.25%96 EV-to-EBIT is 30.14 as of Sep. 02, 2026, which is 14% below its 10-year median of 35.21. GuruFocus rates NSE:VBL with a GF Score™ of 96/100 and a GF Value™ of ₹597.69 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 97 Beverages - Non-Alcoholic companies, Varun Beverages ranks worse than 82.47% 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.
Varun Beverages's Enterprise Value for the quarter that ended in Jun. 2026 was ₹1,710,915 Mil.
Varun Beverages'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 ₹46,375 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.
Varun Beverages EV-to-EBIT Related Terms
Varun Beverages EV-to-EBIT Historical Data
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The historical data trend for Varun Beverages'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 Beverages - Non-Alcoholic subindustry, Varun Beverages'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.
Varun Beverages EV-to-EBIT vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Varun Beverages's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Varun Beverages's EV-to-EBIT falls into.
Varun Beverages's current Enterprise Value is ₹1,397,868 Mil.
Varun Beverages'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 ₹46,375 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.
Varun Beverages (NSE:VBL) has a EV-to-EBIT of 30.14 as of Sep. 02, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Varun Beverages and its competitors. This is 14% below median its historical median of 35.21. Over the past decade, Varun Beverages' EV-to-EBIT has ranged from 12.01 to 67.22. According to the industry distribution chart, Varun Beverages ranks #80 out of 97 companies in the Beverages - Non-Alcoholic industry, placing it in the top 82.5%.
Is Varun Beverages' EV-to-EBIT too high?
Varun Beverages' current EV-to-EBIT of 30.14 is 14% below median its 10-year median of 35.21. Over the past 10 years, this metric has ranged from a low of 12.01 to a high of 67.22. The Beverages - Non-Alcoholic industry median EV-to-EBIT is 14.43. Varun Beverages' value of 30.14 is 108.9% above this industry median. Based on the distribution chart, Varun Beverages ranks #80 out of 97 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Varun Beverages has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Varun Beverages' EV-to-EBIT compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Varun Beverages ranks #80 out of 97 companies for EV-to-EBIT. This places Varun Beverages in the lower half of its industry. The industry median EV-to-EBIT is 14.43. Varun Beverages' value of 30.14 is 108.9% above this benchmark. Historically, Varun Beverages' own EV-to-EBIT has ranged from 12.01 to 67.22 over the past decade. While the company's 10-year median is 35.21 vs. the industry median of 14.43, Varun Beverages 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 Beverages - Non-Alcoholic company?
The median EV-to-EBIT among Beverages - Non-Alcoholic companies is 14.43, based on 97 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. Varun Beverages's current EV-to-EBIT of 30.14 is 108.9% 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 Varun Beverages and its competitors. For the Beverages - Non-Alcoholic industry, the median EV-to-EBIT is 14.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varun Beverages's current EV-to-EBIT is 30.14, which is 14% below median its own 10-year median of 35.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varun Beverages stock overvalued right now?
Based on GuruFocus' analysis, Varun Beverages (NSE:VBL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹597.69, compared to a current price of ₹415.00 — trading 30.6% below its estimated fair value. The current EV-to-EBIT is 30.14, which is 14% below median its 10-year median of 35.21 and 108.9% above the Beverages - Non-Alcoholic industry median of 14.43. Varun Beverages' overall GF Score™ is 96/100 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 Varun Beverages (NSE:VBL), the current EV-to-EBIT is 30.14 as of Sep. 02, 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 Varun Beverages (NSE:VBL) Overvalued in 2026?
Based on GuruFocus' analysis, Varun Beverages stock appears to be undervalued.
The current stock price of ₹415.00 is trading 30.6% below its estimated GF Value™ of ₹597.69.
GuruFocus considers Varun Beverages to be Significantly Undervalued.
Key valuation signals for NSE:VBL:
EV-to-EBIT: 30.14 (14% below median its 10-year median of 35.21)
GF Value™: ₹597.69 vs. price of ₹415.00 (30.6% below fair value)
Industry Position: 108.9% above the Beverages - Non-Alcoholic median (#80 of 97)
No single metric tells the full story. See the NSE:VBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Varun Beverages Ltd is engaged in manufacturing, selling, bottling, and distribution of beverages of the Pepsi brand in geographically pre-defined territories of India, Sri Lanka, Nepal, Zambia, Morocco, and Zimbabwe. Its brands include Seven-Up, Mountain Dew, Mirinda, Nimbooz, Tropicana Slice, and other related products. The firm generates a majority of its revenue within India.
96GF Score
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