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Millat TractorsKAR:MTL +0.08%73 EV-to-EBITDA is 16.70 as of Aug. 31, 2026, which is 104% above its 10-year median of 8.18. GuruFocus rates KAR:MTL with a GF Score™ of 73/100 and a GF Value™ of ₨154.11 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 181 Farm & Heavy Construction Machinery companies, Millat Tractors ranks worse than 71.27% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Millat Tractors's enterprise value is ₨252,231 Mil.
Millat Tractors's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₨15,103 Mil. Therefore, Millat Tractors's EV-to-EBITDA for today is 16.70.
The historical rank and industry rank for Millat Tractors's EV-to-EBITDA or its related term are showing as below:
KAR:MTL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.58 Med: 8.18 Max: 17.17
Current: 16.7
During the past 13 years, the highest EV-to-EBITDA of Millat Tractors was 17.17. The lowest was 3.58. And the median was 8.18.
KAR:MTL's EV-to-EBITDA is ranked worse than 71.27% of 181
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.94
vs KAR:MTL: 16.70
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.
Millat Tractors (KAR:MTL) EV-to-EBITDA Explanation
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.
Millat Tractors's PE Ratio (TTM) for today is calculated as:
Millat Tractors's share price for today is ₨301.45.
Millat Tractors's Earnings per Share (Diluted) 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 ₨18.639.
* 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 Millat Tractors'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 Farm & Heavy Construction Machinery subindustry, Millat Tractors'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.
Millat Tractors EV-to-EBITDA vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Millat Tractors's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Millat Tractors's EV-to-EBITDA falls into.
Millat Tractors's current Enterprise Value is ₨252,231 Mil.
Millat Tractors's EBITDA 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 ₨15,103 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.
Millat Tractors (KAR:MTL) has a EV-to-EBITDA of 16.70 as of Aug. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Millat Tractors. This is 104% above median its historical median of 8.18. Over the past decade, Millat Tractors' EV-to-EBITDA has ranged from 3.58 to 17.17. According to the industry distribution chart, Millat Tractors ranks #129 out of 181 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 71.3%.
Is Millat Tractors' EV-to-EBITDA too high?
Millat Tractors' current EV-to-EBITDA of 16.70 is 104% above median its 10-year median of 8.18. Over the past 10 years, this metric has ranged from a low of 3.58 to a high of 17.17. The Farm & Heavy Construction Machinery industry median EV-to-EBITDA is 9.94. Millat Tractors' value of 16.70 is 68% above this industry median. Based on the distribution chart, Millat Tractors ranks #129 out of 181 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Millat Tractors has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' EV-to-EBITDA compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Millat Tractors ranks #129 out of 181 companies for EV-to-EBITDA. This places Millat Tractors in the lower half of its industry. The industry median EV-to-EBITDA is 9.94. Millat Tractors' value of 16.70 is 68% above this benchmark. Historically, Millat Tractors' own EV-to-EBITDA has ranged from 3.58 to 17.17 over the past decade. While the company's 10-year median is 8.18 vs. the industry median of 9.94, Millat Tractors 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 Farm & Heavy Construction Machinery company?
The median EV-to-EBITDA among Farm & Heavy Construction Machinery companies is 9.94, based on 181 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. Millat Tractors's current EV-to-EBITDA of 16.70 is 68% 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 Millat Tractors. For the Farm & Heavy Construction Machinery industry, the median EV-to-EBITDA is 9.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millat Tractors's current EV-to-EBITDA is 16.70, which is 104% above median its own 10-year median of 8.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millat Tractors stock overvalued right now?
Based on GuruFocus' analysis, Millat Tractors (KAR:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨154.11, compared to a current price of ₨301.45 — trading 95.6% above its estimated fair value. The current EV-to-EBITDA is 16.70, which is 104% above median its 10-year median of 8.18 and 68% above the Farm & Heavy Construction Machinery industry median of 9.94. Millat Tractors' overall GF Score™ is 73/100 with 6 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 Millat Tractors (KAR:MTL), the current EV-to-EBITDA is 16.70 as of Aug. 31, 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 Millat Tractors (KAR:MTL) Overvalued in 2026?
Based on GuruFocus' analysis, Millat Tractors stock appears to be overvalued.
The current stock price of ₨301.45 is trading 95.6% above its estimated GF Value™ of ₨154.11.
GuruFocus considers Millat Tractors to be Significantly Overvalued.
Key valuation signals for KAR:MTL:
EV-to-EBITDA: 16.70 (104% above median its 10-year median of 8.18)
GF Value™: ₨154.11 vs. price of ₨301.45 (95.6% above fair value)
Industry Position: 68% above the Farm & Heavy Construction Machinery median (#129 of 181)
No single metric tells the full story. See the KAR:MTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing of agricultural tractors, implements and multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.
73GF Score
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