VST Industries (NSE:VSTIND) EV-to-EBIT: 9.74 (As of Jul. 28, 2026) — 37% Below Median

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NSE:VSTIND VST Industries Ltd NSE:VSTIND
84 GF Score
Price ₹234.70
GF Value ₹352.51
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is VST Industries EV-to-EBIT?

VST Industries NSE:VSTIND +2.02% 84 EV-to-EBIT is 9.74 as of Jul. 28, 2026, which is 37% below its 10-year median of 15.37. GuruFocus rates NSE:VSTIND with a GF Score™ of 84/100 and a GF Value™ of ₹352.51 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 40 Tobacco Products companies, VST Industries ranks better than 55% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, VST Industries's Enterprise Value is ₹33,953 Mil. VST Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹3,487 Mil. Therefore, VST Industries's EV-to-EBIT for today is 9.74.

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

NSE:VSTIND' s EV-to-EBIT Range Over the Past 10 Years
Min: 8.86   Med: 15.37   Max: 27.23
Current: 9.73

During the past 13 years, the highest EV-to-EBIT of VST Industries was 27.23. The lowest was 8.86. And the median was 15.37.

NSE:VSTIND's EV-to-EBIT is ranked better than
55% of 40 companies
in the Tobacco Products industry
Industry Median: 10.115 vs NSE:VSTIND: 9.73

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. VST Industries's Enterprise Value for the quarter that ended in Mar. 2026 was ₹28,098 Mil. VST Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹3,487 Mil. VST Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.41%.


VST Industries  (NSE:VSTIND) 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) %.

VST Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=3487.3/28098.41308
=12.41 %

VST Industries's Enterprise Value for the quarter that ended in Mar. 2026 was ₹28,098 Mil.
VST Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3,487 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.


VST Industries EV-to-EBIT Related Terms


VST Industries EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for VST Industries'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.

VST Industries EV-to-EBIT Chart

VST Industries 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 10.35 12.03 14.98 17.53 8.05

VST Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 17.53 22.07 16.76 16.68 8.05

NSE:VSTIND vs PM, MO, TPB: EV-to-EBIT Comparison

For the Tobacco subindustry, VST Industries'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.


VST Industries EV-to-EBIT vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, VST Industries's EV-to-EBIT distribution charts can be found below:

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


NSE:VSTIND
84GF Score
VST Industries Ltd NSE:VSTIND
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VST Industries EV-to-EBIT Calculation

VST Industries's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=33952.688/3487.3
=9.74

VST Industries's current Enterprise Value is ₹33,953 Mil.
VST Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3,487 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 9.74 mean?
VST Industries (NSE:VSTIND) has a EV-to-EBIT of 9.74 as of Jul. 28, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on VST Industries and its competitors. This is 37% below median its historical median of 15.37. Over the past decade, VST Industries' EV-to-EBIT has ranged from 8.86 to 27.23. According to the industry distribution chart, VST Industries ranks #18 out of 40 companies in the Tobacco Products industry, placing it in the top 45%.
Is VST Industries' EV-to-EBIT too high?
VST Industries' current EV-to-EBIT of 9.74 is 37% below median its 10-year median of 15.37. Over the past 10 years, this metric has ranged from a low of 8.86 to a high of 27.23. The Tobacco Products industry median EV-to-EBIT is 10.12. VST Industries' value of 9.74 is 3.7% below this industry median. Based on the distribution chart, VST Industries ranks #18 out of 40 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, VST Industries has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VST Industries' EV-to-EBIT compare to PM and MO?
According to the Tobacco Products industry distribution chart, VST Industries ranks #18 out of 40 companies for EV-to-EBIT. This puts VST Industries in the upper half of its industry. The industry median EV-to-EBIT is 10.12. VST Industries' value of 9.74 is 3.7% below this benchmark. Historically, VST Industries' own EV-to-EBIT has ranged from 8.86 to 27.23 over the past decade. While the company's 10-year median is 15.37 vs. the industry median of 10.12, VST Industries 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 Tobacco Products company?
The median EV-to-EBIT among Tobacco Products companies is 10.12, based on 40 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. VST Industries's current EV-to-EBIT of 9.74 is 3.7% 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 VST Industries and its competitors. For the Tobacco Products industry, the median EV-to-EBIT is 10.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VST Industries's current EV-to-EBIT is 9.74, which is 37% below median its own 10-year median of 15.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VST Industries stock overvalued right now?
Based on GuruFocus' analysis, VST Industries (NSE:VSTIND) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹352.51, compared to a current price of ₹234.70 — trading 33.4% below its estimated fair value. The current EV-to-EBIT is 9.74, which is 37% below median its 10-year median of 15.37 and 3.7% below the Tobacco Products industry median of 10.12. VST Industries' overall GF Score™ is 84/100 with 4 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 VST Industries (NSE:VSTIND), the current EV-to-EBIT is 9.74 as of Jul. 28, 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 VST Industries (NSE:VSTIND) Overvalued in 2026?

Based on GuruFocus' analysis, VST Industries stock appears to be undervalued. The current stock price of ₹234.70 is trading 33.4% below its estimated GF Value™ of ₹352.51. GuruFocus considers VST Industries to be Significantly Undervalued.

Key valuation signals for NSE:VSTIND:

  • EV-to-EBIT: 9.74 (37% below median its 10-year median of 15.37)
  • GF Value™: ₹352.51 vs. price of ₹234.70 (33.4% below fair value)
  • GF Score™: 84/100 with 4 warning signs
  • Industry Position: 3.7% below the Tobacco Products median (#18 of 40)

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


VST Industries Business Description

Other Exchanges 509966:India
Address 1-7-1063/1065, P.O. Box No. 1804, Azamabad, Hyderabad, TG, IND, 500 020
VST Industries Ltd manufactures and distributes cigarettes and unmanufactured tobacco under the brand names Charms, Charminar, Gold, Moments, and Zaffran. The company operates its business out of India. In terms of revenue from operations, a majority comes from the sale of cigarettes and the remainder generally comes from the sale of unmanufactured tobacco. It has a single operating segment which is. Tobacco and related products. Geographical segments consist of sales within India and sales outside of India with a majority derived from India.
84GF Score

Get the complete analysis for NSE:VSTIND

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

₹234.70
Price
₹352.51
GF Value