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Adani PowerNSE:ADANIPOWER -0.52%79 EV-to-EBITDA is 17.57 as of Sep. 06, 2026, which is 99% above its 10-year median of 8.84. GuruFocus rates NSE:ADANIPOWER with a GF Score™ of 79/100 and a GF Value™ of ₹150.96 (Significantly Overvalued). Among 361 Utilities - Independent Power Producers companies, Adani Power ranks worse than 67.59% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Adani Power's enterprise value is ₹4,527,854 Mil.
Adani Power's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹257,678 Mil. Therefore, Adani Power's EV-to-EBITDA for today is 17.57.
The historical rank and industry rank for Adani Power's EV-to-EBITDA or its related term are showing as below:
NSE:ADANIPOWER'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 1 Med: 8.84 Max: 29.46
Current: 17.57
During the past 13 years, the highest EV-to-EBITDA of Adani Power was 29.46. The lowest was 1.00. And the median was 8.84.
NSE:ADANIPOWER's EV-to-EBITDA is ranked worse than 67.59% of 361
companies
in the Utilities - Independent Power Producers industry
Industry Median: 11.69
vs NSE:ADANIPOWER: 17.57
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.
Adani Power (NSE:ADANIPOWER) 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 Power's PE Ratio (TTM) for today is calculated as:
Adani Power's share price for today is ₹207.20.
Adani Power'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 ₹7.390.
* 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 Adani Power'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.
NSE:ADANIPOWER vs CEG, VST, NRG: EV-to-EBITDA Comparison
For the Utilities - Independent Power Producers subindustry, Adani Power'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 Power EV-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Adani Power's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Adani Power's EV-to-EBITDA falls into.
Adani Power's current Enterprise Value is ₹4,527,854 Mil.
Adani Power'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 ₹257,678 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.
Adani Power (NSE:ADANIPOWER) has a EV-to-EBITDA of 17.57 as of Sep. 06, 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 Power. This is 99% above median its historical median of 8.84. Over the past decade, Adani Power's EV-to-EBITDA has ranged from 1.00 to 29.46. According to the industry distribution chart, Adani Power ranks #244 out of 361 companies in the Utilities - Independent Power Producers industry, placing it in the top 67.6%.
Is Adani Power's EV-to-EBITDA too high?
Adani Power's current EV-to-EBITDA of 17.57 is 99% above median its 10-year median of 8.84. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 29.46. The Utilities - Independent Power Producers industry median EV-to-EBITDA is 11.69. Adani Power's value of 17.57 is 50.3% above this industry median. Based on the distribution chart, Adani Power ranks #244 out of 361 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Adani Power has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adani Power's EV-to-EBITDA compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Adani Power ranks #244 out of 361 companies for EV-to-EBITDA. This places Adani Power in the lower half of its industry. The industry median EV-to-EBITDA is 11.69. Adani Power's value of 17.57 is 50.3% above this benchmark. Historically, Adani Power's own EV-to-EBITDA has ranged from 1.00 to 29.46 over the past decade. While the company's 10-year median is 8.84 vs. the industry median of 11.69, Adani Power 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 Utilities - Independent Power Producers company?
The median EV-to-EBITDA among Utilities - Independent Power Producers companies is 11.69, based on 361 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 Power's current EV-to-EBITDA of 17.57 is 50.3% 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 Power. For the Utilities - Independent Power Producers industry, the median EV-to-EBITDA is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Power's current EV-to-EBITDA is 17.57, which is 99% above median its own 10-year median of 8.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Power stock overvalued right now?
Based on GuruFocus' analysis, Adani Power (NSE:ADANIPOWER) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹150.96, compared to a current price of ₹207.20 — trading 37.3% above its estimated fair value. The current EV-to-EBITDA is 17.57, which is 99% above median its 10-year median of 8.84 and 50.3% above the Utilities - Independent Power Producers industry median of 11.69. Adani Power's overall GF Score™ is 79/100. 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 Power (NSE:ADANIPOWER), the current EV-to-EBITDA is 17.57 as of Sep. 06, 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 Power (NSE:ADANIPOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Power stock appears to be overvalued.
The current stock price of ₹207.20 is trading 37.3% above its estimated GF Value™ of ₹150.96.
GuruFocus considers Adani Power to be Significantly Overvalued.
Key valuation signals for NSE:ADANIPOWER:
EV-to-EBITDA: 17.57 (99% above median its 10-year median of 8.84)
GF Value™: ₹150.96 vs. price of ₹207.20 (37.3% above fair value)
Industry Position: 50.3% above the Utilities - Independent Power Producers median (#244 of 361)
No single metric tells the full story. See the NSE:ADANIPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Power Ltd sells power under long term / medium term / short term Power Purchase Agreement (PPAs), Supplemental Power Purchase Agreement (SPPAs), on merchant basis and also engaged in trading, investment and other business activities incidental and ancillary to power generation and sales. Its business activities revolve around development and operations of power generation plants including related activities and trading, investment and other activities as two segments. The company generates majority of revenue from Power Generation and related activities. It has presence Within India, and Outside India (Bangladesh). The company generates majority of revenue from India.
79GF Score
Get the complete analysis for NSE:ADANIPOWER
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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