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Bajel ProjectsNSE:BAJEL +0.17%35 EV-to-EBITDA is 22.52 as of Sep. 10, 2026, which is 23% below its 10-year median of 29.12. GuruFocus rates NSE:BAJEL with a GF Score™ of 35/100 and a GF Value™ of ₹248.92 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 470 Utilities - Regulated companies, Bajel Projects ranks worse than 88.94% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Bajel Projects's enterprise value is ₹24,661 Mil.
Bajel Projects's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹1,095 Mil. Therefore, Bajel Projects's EV-to-EBITDA for today is 22.52.
The historical rank and industry rank for Bajel Projects's EV-to-EBITDA or its related term are showing as below:
NSE:BAJEL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 14.56 Med: 29.12 Max: 552.81
Current: 22.51
During the past 4 years, the highest EV-to-EBITDA of Bajel Projects was 552.81. The lowest was 14.56. And the median was 29.12.
NSE:BAJEL's EV-to-EBITDA is ranked worse than 88.94% of 470
companies
in the Utilities - Regulated industry
Industry Median: 9.845
vs NSE:BAJEL: 22.51
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.
Bajel Projects's PE Ratio (TTM) for today is calculated as:
Bajel Projects's share price for today is ₹183.93.
Bajel Projects'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 ₹1.900.
* 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 Bajel Projects'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:BAJEL vs NEE, SO, DUK: EV-to-EBITDA Comparison
For the Utilities - Regulated Electric subindustry, Bajel Projects'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.
Bajel Projects EV-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Bajel Projects's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Bajel Projects's EV-to-EBITDA falls into.
Bajel Projects's current Enterprise Value is ₹24,661 Mil.
Bajel Projects'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 ₹1,095 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.
Bajel Projects (NSE:BAJEL) has a EV-to-EBITDA of 22.52 as of Sep. 10, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Bajel Projects. This is 23% below median its historical median of 29.12. Over the past decade, Bajel Projects' EV-to-EBITDA has ranged from 14.56 to 552.81. According to the industry distribution chart, Bajel Projects ranks #418 out of 470 companies in the Utilities - Regulated industry, placing it in the top 88.9%.
Is Bajel Projects' EV-to-EBITDA too high?
Bajel Projects' current EV-to-EBITDA of 22.52 is 23% below median its 10-year median of 29.12. Over the past 10 years, this metric has ranged from a low of 14.56 to a high of 552.81. The Utilities - Regulated industry median EV-to-EBITDA is 9.85. Bajel Projects' value of 22.52 is 128.7% above this industry median. Based on the distribution chart, Bajel Projects ranks #418 out of 470 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Bajel Projects has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bajel Projects' EV-to-EBITDA compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Bajel Projects ranks #418 out of 470 companies for EV-to-EBITDA. This places Bajel Projects in the lower half of its industry. The industry median EV-to-EBITDA is 9.85. Bajel Projects' value of 22.52 is 128.7% above this benchmark. Historically, Bajel Projects' own EV-to-EBITDA has ranged from 14.56 to 552.81 over the past decade. While the company's 10-year median is 29.12 vs. the industry median of 9.85, Bajel Projects 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 - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 9.85, based on 470 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. Bajel Projects's current EV-to-EBITDA of 22.52 is 128.7% 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 Bajel Projects. For the Utilities - Regulated industry, the median EV-to-EBITDA is 9.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajel Projects's current EV-to-EBITDA is 22.52, which is 23% below median its own 10-year median of 29.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajel Projects stock overvalued right now?
Based on GuruFocus' analysis, Bajel Projects (NSE:BAJEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹248.92, compared to a current price of ₹183.93 — trading 26.1% below its estimated fair value. The current EV-to-EBITDA is 22.52, which is 23% below median its 10-year median of 29.12 and 128.7% above the Utilities - Regulated industry median of 9.85. Bajel Projects' overall GF Score™ is 35/100 with 3 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 Bajel Projects (NSE:BAJEL), the current EV-to-EBITDA is 22.52 as of Sep. 10, 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 Bajel Projects (NSE:BAJEL) Overvalued in 2026?
Based on GuruFocus' analysis, Bajel Projects stock appears to be undervalued.
The current stock price of ₹183.93 is trading 26.1% below its estimated GF Value™ of ₹248.92.
GuruFocus considers Bajel Projects to be Modestly Undervalued.
Key valuation signals for NSE:BAJEL:
EV-to-EBITDA: 22.52 (23% below median its 10-year median of 29.12)
GF Value™: ₹248.92 vs. price of ₹183.93 (26.1% below fair value)
Industry Position: 128.7% above the Utilities - Regulated median (#418 of 470)
No single metric tells the full story. See the NSE:BAJEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bajel Projects Ltd is a Superior company in the business of four main segments, which are Power Transmission, Power Distribution, Monopoles and International Business. It is known for its project management skills and driving operations excellence, making it a preferred partner for several states, international governments, and private infrastructural projects. The company also provides services for the manufacturing & installation of Monopoles, Lattice Structures, Lighting Poles & Masts and Galvanizing services.
35GF Score
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