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Bharat DynamicsNSE:BDL -0.21%87 EV-to-EBITDA is 52.29 as of Sep. 04, 2026, which is 264% above its 10-year median of 14.38. GuruFocus rates NSE:BDL with a GF Score™ of 87/100 and a GF Value™ of ₹1,433.78 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 261 Aerospace & Defense companies, Bharat Dynamics ranks worse than 82.76% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Bharat Dynamics's enterprise value is ₹414,196 Mil.
Bharat Dynamics's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹7,922 Mil. Therefore, Bharat Dynamics's EV-to-EBITDA for today is 52.29.
The historical rank and industry rank for Bharat Dynamics's EV-to-EBITDA or its related term are showing as below:
NSE:BDL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.2 Med: 14.38 Max: 86.78
Current: 52.29
During the past 13 years, the highest EV-to-EBITDA of Bharat Dynamics was 86.78. The lowest was 3.20. And the median was 14.38.
NSE:BDL's EV-to-EBITDA is ranked worse than 82.76% of 261
companies
in the Aerospace & Defense industry
Industry Median: 19.54
vs NSE:BDL: 52.29
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.
Bharat Dynamics's PE Ratio (TTM) for today is calculated as:
Bharat Dynamics's share price for today is ₹1255.00.
Bharat Dynamics'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 ₹14.210.
* 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 Bharat Dynamics'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.
For the Aerospace & Defense subindustry, Bharat Dynamics'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.
Bharat Dynamics EV-to-EBITDA vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Dynamics's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Bharat Dynamics's EV-to-EBITDA falls into.
Bharat Dynamics's current Enterprise Value is ₹414,196 Mil.
Bharat Dynamics'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 ₹7,922 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.
Bharat Dynamics (NSE:BDL) has a EV-to-EBITDA of 52.29 as of Sep. 04, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Bharat Dynamics. This is 264% above median its historical median of 14.38. Over the past decade, Bharat Dynamics' EV-to-EBITDA has ranged from 3.20 to 86.78. According to the industry distribution chart, Bharat Dynamics ranks #216 out of 261 companies in the Aerospace & Defense industry, placing it in the top 82.8%.
Is Bharat Dynamics' EV-to-EBITDA too high?
Bharat Dynamics' current EV-to-EBITDA of 52.29 is 264% above median its 10-year median of 14.38. Over the past 10 years, this metric has ranged from a low of 3.20 to a high of 86.78. The Aerospace & Defense industry median EV-to-EBITDA is 19.54. Bharat Dynamics' value of 52.29 is 167.6% above this industry median. Based on the distribution chart, Bharat Dynamics ranks #216 out of 261 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Bharat Dynamics has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Dynamics' EV-to-EBITDA compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Bharat Dynamics ranks #216 out of 261 companies for EV-to-EBITDA. This places Bharat Dynamics in the lower half of its industry. The industry median EV-to-EBITDA is 19.54. Bharat Dynamics' value of 52.29 is 167.6% above this benchmark. Historically, Bharat Dynamics' own EV-to-EBITDA has ranged from 3.20 to 86.78 over the past decade. While the company's 10-year median is 14.38 vs. the industry median of 19.54, Bharat Dynamics 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 Aerospace & Defense company?
The median EV-to-EBITDA among Aerospace & Defense companies is 19.54, based on 261 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. Bharat Dynamics's current EV-to-EBITDA of 52.29 is 167.6% 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 Bharat Dynamics. For the Aerospace & Defense industry, the median EV-to-EBITDA is 19.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Dynamics's current EV-to-EBITDA is 52.29, which is 264% above median its own 10-year median of 14.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Dynamics stock overvalued right now?
Based on GuruFocus' analysis, Bharat Dynamics (NSE:BDL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,433.78, compared to a current price of ₹1,255.00 — trading 12.5% below its estimated fair value. The current EV-to-EBITDA is 52.29, which is 264% above median its 10-year median of 14.38 and 167.6% above the Aerospace & Defense industry median of 19.54. Bharat Dynamics' overall GF Score™ is 87/100 with 5 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 Bharat Dynamics (NSE:BDL), the current EV-to-EBITDA is 52.29 as of Sep. 04, 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 Bharat Dynamics (NSE:BDL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Dynamics stock appears to be undervalued.
The current stock price of ₹1,255.00 is trading 12.5% below its estimated GF Value™ of ₹1,433.78.
GuruFocus considers Bharat Dynamics to be Modestly Undervalued.
Key valuation signals for NSE:BDL:
EV-to-EBITDA: 52.29 (264% above median its 10-year median of 14.38)
GF Value™: ₹1,433.78 vs. price of ₹1,255.00 (12.5% below fair value)
Industry Position: 167.6% above the Aerospace & Defense median (#216 of 261)
No single metric tells the full story. See the NSE:BDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Dynamics Ltd is engaged in the manufacturing of Missiles and allied Defence equipment. The Company provides the majority of its goods and services to the Indian Armed Forces and the Government of India. Its products comprise Milan-2T ATGM, Helina, Astra Weapon System, FLAME, Anti-Submarine Warfare Suite (ASW SUITE), Astra Weapon Systemothers, and Others.
87GF Score
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