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Ashok LeylandNSE:ASHOKLEY -2.60%82 EV-to-EBITDA is 13.44 as of Aug. 15, 2026, which is 13% above its 10-year median of 11.94. GuruFocus rates NSE:ASHOKLEY with a GF Score™ of 82/100 and a GF Value™ of ₹138.29 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 180 Farm & Heavy Construction Machinery companies, Ashok Leyland ranks worse than 67.78% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Ashok Leyland's enterprise value is ₹1,522,060 Mil.
Ashok Leyland's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹113,253 Mil. Therefore, Ashok Leyland's EV-to-EBITDA for today is 13.44.
The historical rank and industry rank for Ashok Leyland's EV-to-EBITDA or its related term are showing as below:
NSE:ASHOKLEY'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.17 Med: 11.94 Max: 35.32
Current: 13.44
During the past 13 years, the highest EV-to-EBITDA of Ashok Leyland was 35.32. The lowest was 3.17. And the median was 11.94.
NSE:ASHOKLEY's EV-to-EBITDA is ranked worse than 67.78% of 180
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.72
vs NSE:ASHOKLEY: 13.44
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.
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.
Ashok Leyland's PE Ratio (TTM) for today is calculated as:
Ashok Leyland's share price for today is ₹171.64.
Ashok Leyland'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 ₹5.920.
* 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 Ashok Leyland'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:ASHOKLEY vs CAT, DE, PCAR: EV-to-EBITDA Comparison
For the Farm & Heavy Construction Machinery subindustry, Ashok Leyland'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.
Ashok Leyland EV-to-EBITDA vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ashok Leyland's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ashok Leyland's EV-to-EBITDA falls into.
Ashok Leyland's current Enterprise Value is ₹1,522,060 Mil.
Ashok Leyland'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 ₹113,253 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.
Ashok Leyland (NSE:ASHOKLEY) has a EV-to-EBITDA of 13.44 as of Aug. 15, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ashok Leyland. This is 13% above median its historical median of 11.94. Over the past decade, Ashok Leyland's EV-to-EBITDA has ranged from 3.17 to 35.32. According to the industry distribution chart, Ashok Leyland ranks #122 out of 180 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 67.8%.
Is Ashok Leyland's EV-to-EBITDA too high?
Ashok Leyland's current EV-to-EBITDA of 13.44 is 13% above median its 10-year median of 11.94. Over the past 10 years, this metric has ranged from a low of 3.17 to a high of 35.32. The Farm & Heavy Construction Machinery industry median EV-to-EBITDA is 9.72. Ashok Leyland's value of 13.44 is 38.3% above this industry median. Based on the distribution chart, Ashok Leyland ranks #122 out of 180 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Ashok Leyland has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashok Leyland's EV-to-EBITDA compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Ashok Leyland ranks #122 out of 180 companies for EV-to-EBITDA. This places Ashok Leyland in the lower half of its industry. The industry median EV-to-EBITDA is 9.72. Ashok Leyland's value of 13.44 is 38.3% above this benchmark. Historically, Ashok Leyland's own EV-to-EBITDA has ranged from 3.17 to 35.32 over the past decade. While the company's 10-year median is 11.94 vs. the industry median of 9.72, Ashok Leyland 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 9.72, based on 180 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. Ashok Leyland's current EV-to-EBITDA of 13.44 is 38.3% 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 Ashok Leyland. For the Farm & Heavy Construction Machinery industry, the median EV-to-EBITDA is 9.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashok Leyland's current EV-to-EBITDA is 13.44, which is 13% above median its own 10-year median of 11.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashok Leyland stock overvalued right now?
Based on GuruFocus' analysis, Ashok Leyland (NSE:ASHOKLEY) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹138.29, compared to a current price of ₹171.64 — trading 24.1% above its estimated fair value. The current EV-to-EBITDA is 13.44, which is 13% above median its 10-year median of 11.94 and 38.3% above the Farm & Heavy Construction Machinery industry median of 9.72. Ashok Leyland's overall GF Score™ is 82/100 with 1 warning sign 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 Ashok Leyland (NSE:ASHOKLEY), the current EV-to-EBITDA is 13.44 as of Aug. 15, 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 Ashok Leyland (NSE:ASHOKLEY) Overvalued in 2026?
Based on GuruFocus' analysis, Ashok Leyland stock appears to be overvalued.
The current stock price of ₹171.64 is trading 24.1% above its estimated GF Value™ of ₹138.29.
GuruFocus considers Ashok Leyland to be Modestly Overvalued.
Key valuation signals for NSE:ASHOKLEY:
EV-to-EBITDA: 13.44 (13% above median its 10-year median of 11.94)
GF Value™: ₹138.29 vs. price of ₹171.64 (24.1% above fair value)
Industry Position: 38.3% above the Farm & Heavy Construction Machinery median (#122 of 180)
No single metric tells the full story. See the NSE:ASHOKLEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashok Leyland Ltd is an automobile manufacturing company. The company manufactures commercial vehicles, engines, spare parts, and accessories, with the vast majority of revenue being derived from commercial vehicle sales. It produces and sells vehicles across different categories such as Trucks, Buses, Light Commercial Vehicles, and Defence. The company's operating segments are; Commercial vehicles, and Financial services. Geographically, it derives the majority revenue within India and the rest from other markets.
82GF Score
Get the complete analysis for NSE:ASHOKLEY
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