Adani Enterprises (NSE:ADANIENT) EV-to-EBITDA: 27.05 (As of Sep. 16, 2026) — 21% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:ADANIENT Adani Enterprises Ltd NSE:ADANIENT
80 GF Score
Price ₹2,928.60
GF Value ₹2,846.78
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Adani Enterprises EV-to-EBITDA?

Adani Enterprises NSE:ADANIENT -4.29% 80 EV-to-EBITDA is 27.05 as of Sep. 16, 2026, which is 21% above its 10-year median of 22.38. GuruFocus rates NSE:ADANIENT with a GF Score™ of 80/100 and a GF Value™ of ₹2,846.78 (Fairly Valued). The stock has 9 warning signs investors should review. Among 104 Other Energy Sources companies, Adani Enterprises ranks worse than 86.54% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Adani Enterprises's enterprise value is ₹5,017,743 Mil. Adani Enterprises's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹185,486 Mil. Therefore, Adani Enterprises's EV-to-EBITDA for today is 27.05.

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

NSE:ADANIENT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.98   Med: 22.38   Max: 115.48
Current: 27.05

During the past 13 years, the highest EV-to-EBITDA of Adani Enterprises was 115.48. The lowest was 1.98. And the median was 22.38.

NSE:ADANIENT's EV-to-EBITDA is ranked worse than
86.54% of 104 companies
in the Other Energy Sources industry
Industry Median: 8.72 vs NSE:ADANIENT: 27.05

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 (2026-09-16), Adani Enterprises's stock price is ₹2928.60. Adani Enterprises's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹62.368. Therefore, Adani Enterprises's PE Ratio (TTM) for today is 46.96.

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


Adani Enterprises  (NSE:ADANIENT) 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.

Adani Enterprises's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2928.60/62.368
=46.96

Adani Enterprises's share price for today is ₹2928.60.
Adani Enterprises'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 ₹62.368.

* 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?


Adani Enterprises EV-to-EBITDA Related Terms


Adani Enterprises EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Adani Enterprises'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.

Adani Enterprises EV-to-EBITDA Chart

Adani Enterprises Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.76 27.59 35.55 18.31 12.08

Adani Enterprises Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 16.55 0.00 12.33 0.00

Adani Enterprises EV-to-EBITDA Competitor Comparison

For the Thermal Coal subindustry, Adani Enterprises'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.


Adani Enterprises EV-to-EBITDA vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Adani Enterprises's EV-to-EBITDA distribution charts can be found below:

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


NSE:ADANIENT
80GF Score
Adani Enterprises Ltd NSE:ADANIENT
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adani Enterprises EV-to-EBITDA Calculation

Adani Enterprises's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=5017743.263/185486
=27.05

Adani Enterprises's current Enterprise Value is ₹5,017,743 Mil.
Adani Enterprises'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 ₹185,486 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 27.05 mean?
Adani Enterprises (NSE:ADANIENT) has a EV-to-EBITDA of 27.05 as of Sep. 16, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Adani Enterprises. This is 21% above median its historical median of 22.38. Over the past decade, Adani Enterprises' EV-to-EBITDA has ranged from 1.98 to 115.48. According to the industry distribution chart, Adani Enterprises ranks #90 out of 104 companies in the Other Energy Sources industry, placing it in the top 86.5%.
Is Adani Enterprises' EV-to-EBITDA too high?
Adani Enterprises' current EV-to-EBITDA of 27.05 is 21% above median its 10-year median of 22.38. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 115.48. The Other Energy Sources industry median EV-to-EBITDA is 8.72. Adani Enterprises' value of 27.05 is 210.2% above this industry median. Based on the distribution chart, Adani Enterprises ranks #90 out of 104 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Adani Enterprises has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adani Enterprises' EV-to-EBITDA compare to competitors?
According to the Other Energy Sources industry distribution chart, Adani Enterprises ranks #90 out of 104 companies for EV-to-EBITDA. This places Adani Enterprises in the lower half of its industry. The industry median EV-to-EBITDA is 8.72. Adani Enterprises' value of 27.05 is 210.2% above this benchmark. Historically, Adani Enterprises' own EV-to-EBITDA has ranged from 1.98 to 115.48 over the past decade. While the company's 10-year median is 22.38 vs. the industry median of 8.72, Adani Enterprises 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 an Other Energy Sources company?
The median EV-to-EBITDA among Other Energy Sources companies is 8.72, based on 104 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. Adani Enterprises's current EV-to-EBITDA of 27.05 is 210.2% 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 Adani Enterprises. For the Other Energy Sources industry, the median EV-to-EBITDA is 8.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Enterprises's current EV-to-EBITDA is 27.05, which is 21% above median its own 10-year median of 22.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Adani Enterprises (NSE:ADANIENT) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,846.78, compared to a current price of ₹2,928.60 — trading 2.9% above its estimated fair value. The current EV-to-EBITDA is 27.05, which is 21% above median its 10-year median of 22.38 and 210.2% above the Other Energy Sources industry median of 8.72. Adani Enterprises' overall GF Score™ is 80/100 with 9 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 Adani Enterprises (NSE:ADANIENT), the current EV-to-EBITDA is 27.05 as of Sep. 16, 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 Adani Enterprises (NSE:ADANIENT) Overvalued in 2026?

Based on GuruFocus' analysis, Adani Enterprises stock appears to be overvalued. The current stock price of ₹2,928.60 is trading 2.9% above its estimated GF Value™ of ₹2,846.78. GuruFocus considers Adani Enterprises to be Fairly Valued.

Key valuation signals for NSE:ADANIENT:

  • EV-to-EBITDA: 27.05 (21% above median its 10-year median of 22.38)
  • GF Value™: ₹2,846.78 vs. price of ₹2,928.60 (2.9% above fair value)
  • GF Score™: 80/100 with 9 warning signs
  • Industry Position: 210.2% above the Other Energy Sources median (#90 of 104)

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


Adani Enterprises Business Description

Other Exchanges 512599:India
Address S. G. Highway, Adani Corporate House, Near Vaishnodevi Circle, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421
Adani Enterprises Ltd is in the business of integrated resources management, mining services and other trading activities. The company operates as an incubator, establishing new businesses in various areas like new energy ecosystem, data center, airports, roads, copper, PVC and others. It is engaged inter-alia in the business of integrated resources management and provides end-toend procurement and logistics services. It purchases, handles and sells different products like coal, copper and its related products, and other materials as part of its business activities. It has eight segments Integrated Resources Management, Mining Services, Commercial Mining, New Energy Ecosystem, Airport, Road, Copper, and Others. It generates majority of revenue from Integrated Resources Management segment.
80GF Score

Get the complete analysis for NSE:ADANIENT

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

₹2,928.60
Price
₹2,846.78
GF Value