BOC Kenya (NAI:BOC) EV-to-EBITDA: 5.44 (As of Sep. 09, 2026) — 52% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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NAI:BOC BOC Kenya PLC NAI:BOC
67 GF Score
Price KES194.50
GF Value KES90.55
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is BOC Kenya EV-to-EBITDA?

BOC Kenya NAI:BOC +0.65% 67 EV-to-EBITDA is 5.44 as of Sep. 09, 2026, which is 52% above its 10-year median of 3.57. GuruFocus rates NAI:BOC with a GF Score™ of 67/100 and a GF Value™ of KES90.55 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,343 Chemicals companies, BOC Kenya ranks better than 83.17% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, BOC Kenya's enterprise value is KES2,756 Mil. BOC Kenya's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was KES506 Mil. Therefore, BOC Kenya's EV-to-EBITDA for today is 5.44.

The historical rank and industry rank for BOC Kenya's EV-to-EBITDA or its related term are showing as below:

NAI:BOC' s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.73   Med: 3.57   Max: 6.73
Current: 5.45

During the past 13 years, the highest EV-to-EBITDA of BOC Kenya was 6.73. The lowest was 1.73. And the median was 3.57.

NAI:BOC's EV-to-EBITDA is ranked better than
83.17% of 1343 companies
in the Chemicals industry
Industry Median: 12.17 vs NAI:BOC: 5.45

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 (2026-09-09), BOC Kenya's stock price is KES194.50. BOC Kenya's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was KES16.080. Therefore, BOC Kenya's PE Ratio (TTM) for today is 12.10.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


BOC Kenya  (NAI:BOC) 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.

BOC Kenya's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=194.50/16.080
=12.10

BOC Kenya's share price for today is KES194.50.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. BOC Kenya's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was KES16.080.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


BOC Kenya EV-to-EBITDA Related Terms


BOC Kenya EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for BOC Kenya'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.

BOC Kenya EV-to-EBITDA Chart

BOC Kenya Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.97 3.62 2.47 2.90 2.84

BOC Kenya Semi-Annual Data
Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.97 3.62 2.47 2.90 2.84

NAI:BOC vs DOW: EV-to-EBITDA Comparison

For the Chemicals subindustry, BOC Kenya'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.


BOC Kenya EV-to-EBITDA vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, BOC Kenya's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where BOC Kenya's EV-to-EBITDA falls into.


NAI:BOC
67GF Score
BOC Kenya PLC NAI:BOC
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BOC Kenya EV-to-EBITDA Calculation

BOC Kenya's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=2755.640/506.252
=5.44

BOC Kenya's current Enterprise Value is KES2,756 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. BOC Kenya's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was KES506 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-EBITDA →
What does a EV-to-EBITDA of 5.44 mean?
BOC Kenya (NAI:BOC) has a EV-to-EBITDA of 5.44 as of Sep. 09, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on BOC Kenya. This is 52% above median its historical median of 3.57. Over the past decade, BOC Kenya's EV-to-EBITDA has ranged from 1.73 to 6.73. According to the industry distribution chart, BOC Kenya ranks #226 out of 1343 companies in the Chemicals industry, placing it in the top 16.8%.
Is BOC Kenya's EV-to-EBITDA too high?
BOC Kenya's current EV-to-EBITDA of 5.44 is 52% above median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 6.73. The Chemicals industry median EV-to-EBITDA is 12.17. BOC Kenya's value of 5.44 is 55.3% below this industry median. Based on the distribution chart, BOC Kenya ranks #226 out of 1343 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, BOC Kenya has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BOC Kenya's EV-to-EBITDA compare to DOW?
According to the Chemicals industry distribution chart, BOC Kenya ranks #226 out of 1343 companies for EV-to-EBITDA. This places BOC Kenya in the top 17% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 12.17. BOC Kenya's value of 5.44 is 55.3% below this benchmark. Historically, BOC Kenya's own EV-to-EBITDA has ranged from 1.73 to 6.73 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 12.17, BOC Kenya 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-EBITDA for a Chemicals company?
The median EV-to-EBITDA among Chemicals companies is 12.17, based on 1,343 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. BOC Kenya's current EV-to-EBITDA of 5.44 is 55.3% 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-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 BOC Kenya. For the Chemicals industry, the median EV-to-EBITDA is 12.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOC Kenya's current EV-to-EBITDA is 5.44, which is 52% above median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOC Kenya stock overvalued right now?
Based on GuruFocus' analysis, BOC Kenya (NAI:BOC) is currently considered Significantly Overvalued. The stock's GF Value™ is KES90.55, compared to a current price of KES194.50 — trading 114.8% above its estimated fair value. The current EV-to-EBITDA is 5.44, which is 52% above median its 10-year median of 3.57 and 55.3% below the Chemicals industry median of 12.17. BOC Kenya's overall GF Score™ is 67/100 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 BOC Kenya (NAI:BOC), the current EV-to-EBITDA is 5.44 as of Sep. 09, 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 BOC Kenya (NAI:BOC) Overvalued in 2026?

Based on GuruFocus' analysis, BOC Kenya stock appears to be overvalued. The current stock price of KES194.50 is trading 114.8% above its estimated GF Value™ of KES90.55. GuruFocus considers BOC Kenya to be Significantly Overvalued.

Key valuation signals for NAI:BOC:

  • EV-to-EBITDA: 5.44 (52% above median its 10-year median of 3.57)
  • GF Value™: KES90.55 vs. price of KES194.50 (114.8% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 55.3% below the Chemicals median (#226 of 1343)

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


BOC Kenya Business Description

Address 14 Kitui Road, off Kampala Road, P.O. Box 18010, Industrial Area, Nairobi, KEN, 00500
BOC Kenya PLC is involved in the manufacture and sale of industrial and medical gases and welding products. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates the majority of its revenue from the sale of medical and industrial gases.
67GF Score

Get the complete analysis for NAI:BOC

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

KES194.50
Price
KES90.55
GF Value