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BEMLBOM:500048 +2.03%68 EV-to-EBITDA is 48.65 as of Sep. 08, 2026, which is 129% above its 10-year median of 21.28. GuruFocus rates BOM:500048 with a GF Score™ of 68/100 and a GF Value™ of ₹2,104.79 (Fairly Valued). The stock has 4 warning signs investors should review. Among 461 Conglomerates companies, BEML ranks worse than 95.01% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, BEML's enterprise value is ₹181,325 Mil.
BEML's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹3,727 Mil. Therefore, BEML's EV-to-EBITDA for today is 48.65.
The historical rank and industry rank for BEML's EV-to-EBITDA or its related term are showing as below:
BOM:500048'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -1153.84 Med: 21.28 Max: 50.22
Current: 48.65
During the past 13 years, the highest EV-to-EBITDA of BEML was 50.22. The lowest was -1153.84. And the median was 21.28.
BOM:500048's EV-to-EBITDA is ranked worse than 95.01% of 461
companies
in the Conglomerates industry
Industry Median: 8.76
vs BOM:500048: 48.65
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-09-08), BEML's stock price is ₹2097.80.
BEML's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹71.425. Therefore, BEML's PE Ratio (TTM) for today is 29.37.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
BEML's share price for today is ₹2097.80.
BEML's Earnings per Share (Diluted) 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 ₹71.425.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for BEML's EV-to-EBITDA 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 Conglomerates subindustry, BEML's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
BEML EV-to-EBITDA vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, BEML's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where BEML's EV-to-EBITDA falls into.
BEML's current Enterprise Value is ₹181,325 Mil.
BEML's EBITDA 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 ₹3,727 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.
BEML (BOM:500048) has a EV-to-EBITDA of 48.65 as of Sep. 08, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on BEML. This is 129% above median its historical median of 21.28. According to the industry distribution chart, BEML ranks #438 out of 461 companies in the Conglomerates industry, placing it in the top 95%.
Is BEML's EV-to-EBITDA too high?
BEML's current EV-to-EBITDA of 48.65 is 129% above median its 10-year median of 21.28. The Conglomerates industry median EV-to-EBITDA is 8.76. BEML's value of 48.65 is 455.4% above this industry median. Based on the distribution chart, BEML ranks #438 out of 461 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, BEML has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BEML's EV-to-EBITDA compare to MMM and HON?
According to the Conglomerates industry distribution chart, BEML ranks #438 out of 461 companies for EV-to-EBITDA. This places BEML in the lower half of its industry. The industry median EV-to-EBITDA is 8.76. BEML's value of 48.65 is 455.4% above this benchmark. While the company's 10-year median is 21.28 vs. the industry median of 8.76, BEML 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-EBITDA for a Conglomerates company?
The median EV-to-EBITDA among Conglomerates companies is 8.76, based on 461 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BEML's current EV-to-EBITDA of 48.65 is 455.4% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on BEML. For the Conglomerates industry, the median EV-to-EBITDA is 8.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BEML's current EV-to-EBITDA is 48.65, which is 129% above median its own 10-year median of 21.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BEML stock overvalued right now?
Based on GuruFocus' analysis, BEML (BOM:500048) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,104.79, compared to a current price of ₹2,097.80 — trading 0.3% below its estimated fair value. The current EV-to-EBITDA is 48.65, which is 129% above median its 10-year median of 21.28 and 455.4% above the Conglomerates industry median of 8.76. BEML's overall GF Score™ is 68/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For BEML (BOM:500048), the current EV-to-EBITDA is 48.65 as of Sep. 08, 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 BEML (BOM:500048) Overvalued in 2026?
Based on GuruFocus' analysis, BEML stock appears to be undervalued.
The current stock price of ₹2,097.80 is trading 0.3% below its estimated GF Value™ of ₹2,104.79.
GuruFocus considers BEML to be Fairly Valued.
Key valuation signals for BOM:500048:
EV-to-EBITDA: 48.65 (129% above median its 10-year median of 21.28)
GF Value™: ₹2,104.79 vs. price of ₹2,097.80 (0.3% below fair value)
Industry Position: 455.4% above the Conglomerates median (#438 of 461)
No single metric tells the full story. See the BOM:500048 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BEML Ltd manufactures a wide range of heavy equipment serving core sectors such as Defence & Aerospace, Mining & Construction, and Rail & Metro. Its product offerings include earthmoving machinery like excavators and bulldozers, defence vehicles and equipment including recovery vehicles and bridge systems, and rail coaches, metro cars, and track-laying equipment. The company operates multiple manufacturing units across India, including Bangalore, Mysore, Kolar Gold Fields, and Palakkad, supported by a dominant sales and after-sales network. Revenue is generated through sales of machinery, rail and metro rolling stock, and defence products, with a focus on indigenous manufacturing and technology integration to meet diverse sectoral needs.
68GF Score
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