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Asian PaintsNSE:ASIANPAINT +0.56%99 EV-to-EBITDA is 31.05 as of Aug. 22, 2026, which is 14% below its 10-year median of 36.27. GuruFocus rates NSE:ASIANPAINT with a GF Score™ of 99/100 and a GF Value™ of ₹2,926.40 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,329 Chemicals companies, Asian Paints ranks worse than 77.43% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Asian Paints's enterprise value is ₹2,490,719 Mil.
Asian Paints's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹80,214 Mil. Therefore, Asian Paints's EV-to-EBITDA for today is 31.05.
The historical rank and industry rank for Asian Paints's EV-to-EBITDA or its related term are showing as below:
NSE:ASIANPAINT'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 25.79 Med: 36.27 Max: 67.46
Current: 31.05
During the past 13 years, the highest EV-to-EBITDA of Asian Paints was 67.46. The lowest was 25.79. And the median was 36.27.
NSE:ASIANPAINT's EV-to-EBITDA is ranked worse than 77.43% of 1329
companies
in the Chemicals industry
Industry Median: 12.65
vs NSE:ASIANPAINT: 31.05
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.
Asian Paints (NSE:ASIANPAINT) 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.
Asian Paints's PE Ratio (TTM) for today is calculated as:
Asian Paints's share price for today is ₹2640.00.
Asian Paints'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 ₹49.680.
* 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 Asian Paints'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:ASIANPAINT vs LIN, SHW, ECL: EV-to-EBITDA Comparison
For the Specialty Chemicals subindustry, Asian Paints'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.
Asian Paints EV-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asian Paints's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Asian Paints's EV-to-EBITDA falls into.
Asian Paints's current Enterprise Value is ₹2,490,719 Mil.
Asian Paints'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 ₹80,214 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.
Asian Paints (NSE:ASIANPAINT) has a EV-to-EBITDA of 31.05 as of Aug. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Asian Paints. This is 14% below median its historical median of 36.27. Over the past decade, Asian Paints' EV-to-EBITDA has ranged from 25.79 to 67.46. According to the industry distribution chart, Asian Paints ranks #1029 out of 1329 companies in the Chemicals industry, placing it in the top 77.4%.
Is Asian Paints' EV-to-EBITDA too high?
Asian Paints' current EV-to-EBITDA of 31.05 is 14% below median its 10-year median of 36.27. Over the past 10 years, this metric has ranged from a low of 25.79 to a high of 67.46. The Chemicals industry median EV-to-EBITDA is 12.65. Asian Paints' value of 31.05 is 145.5% above this industry median. Based on the distribution chart, Asian Paints ranks #1029 out of 1329 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Asian Paints has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asian Paints' EV-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, Asian Paints ranks #1029 out of 1329 companies for EV-to-EBITDA. This places Asian Paints in the lower half of its industry. The industry median EV-to-EBITDA is 12.65. Asian Paints' value of 31.05 is 145.5% above this benchmark. Historically, Asian Paints' own EV-to-EBITDA has ranged from 25.79 to 67.46 over the past decade. While the company's 10-year median is 36.27 vs. the industry median of 12.65, Asian Paints 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 Chemicals company?
The median EV-to-EBITDA among Chemicals companies is 12.65, based on 1,329 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. Asian Paints's current EV-to-EBITDA of 31.05 is 145.5% 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 Asian Paints. For the Chemicals industry, the median EV-to-EBITDA is 12.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Paints's current EV-to-EBITDA is 31.05, which is 14% below median its own 10-year median of 36.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Paints stock overvalued right now?
Based on GuruFocus' analysis, Asian Paints (NSE:ASIANPAINT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,926.40, compared to a current price of ₹2,640.00 — trading 9.8% below its estimated fair value. The current EV-to-EBITDA is 31.05, which is 14% below median its 10-year median of 36.27 and 145.5% above the Chemicals industry median of 12.65. Asian Paints' overall GF Score™ is 99/100 with 2 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 Asian Paints (NSE:ASIANPAINT), the current EV-to-EBITDA is 31.05 as of Aug. 22, 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 Asian Paints (NSE:ASIANPAINT) Overvalued in 2026?
Based on GuruFocus' analysis, Asian Paints stock appears to be undervalued.
The current stock price of ₹2,640.00 is trading 9.8% below its estimated GF Value™ of ₹2,926.40.
GuruFocus considers Asian Paints to be Modestly Undervalued.
Key valuation signals for NSE:ASIANPAINT:
EV-to-EBITDA: 31.05 (14% below median its 10-year median of 36.27)
GF Value™: ₹2,926.40 vs. price of ₹2,640.00 (9.8% below fair value)
Industry Position: 145.5% above the Chemicals median (#1029 of 1329)
No single metric tells the full story. See the NSE:ASIANPAINT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asian Paints Ltd is in the business of colour, decor, design and protection and operates through Decorative, International, Home Decor, and Industrial segments. The Decorative segment offers interior and exterior wall finishes, wood finishes, waterproofing, enamels, adhesives, tools, and undercoats. The Home Decor segment offers modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lightings, uPVC windows and doors, wall coverings, furniture, fabric and furnishings, and rugs. The International segment caters to customers across Asia, the Middle East, Africa and the South Pacific. The Industrial segment provides automotive, general industrial, packaging, marine, industrial protective coatings, and powder coatings. The majority of revenue comes from India.
99GF Score
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