Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Bharat ForgeNSE:BHARATFORG +3.30%83 EV-to-EBITDA is 39.15 as of Sep. 01, 2026, which is 70% above its 10-year median of 22.98. GuruFocus rates NSE:BHARATFORG with a GF Score™ of 83/100 and a GF Value™ of ₹1,562.60 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,152 Vehicles & Parts companies, Bharat Forge ranks worse than 89.76% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Bharat Forge's enterprise value is ₹1,033,323 Mil.
Bharat Forge's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹26,396 Mil. Therefore, Bharat Forge's EV-to-EBITDA for today is 39.15.
The historical rank and industry rank for Bharat Forge's EV-to-EBITDA or its related term are showing as below:
NSE:BHARATFORG'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.19 Med: 22.98 Max: 94.94
Current: 39.14
During the past 13 years, the highest EV-to-EBITDA of Bharat Forge was 94.94. The lowest was 7.19. And the median was 22.98.
NSE:BHARATFORG's EV-to-EBITDA is ranked worse than 89.76% of 1152
companies
in the Vehicles & Parts industry
Industry Median: 9.35
vs NSE:BHARATFORG: 39.14
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 Forge's PE Ratio (TTM) for today is calculated as:
Bharat Forge's share price for today is ₹2104.90.
Bharat Forge'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 ₹14.770.
* 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 Forge'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:BHARATFORG vs ORLY, AZO, GPC: EV-to-EBITDA Comparison
For the Auto Parts subindustry, Bharat Forge'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 Forge EV-to-EBITDA vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Bharat Forge's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Bharat Forge's EV-to-EBITDA falls into.
Bharat Forge's current Enterprise Value is ₹1,033,323 Mil.
Bharat Forge'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 ₹26,396 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 Forge (NSE:BHARATFORG) has a EV-to-EBITDA of 39.15 as of Sep. 01, 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 Forge. This is 70% above median its historical median of 22.98. Over the past decade, Bharat Forge's EV-to-EBITDA has ranged from 7.19 to 94.94. According to the industry distribution chart, Bharat Forge ranks #1034 out of 1152 companies in the Vehicles & Parts industry, placing it in the top 89.8%.
Is Bharat Forge's EV-to-EBITDA too high?
Bharat Forge's current EV-to-EBITDA of 39.15 is 70% above median its 10-year median of 22.98. Over the past 10 years, this metric has ranged from a low of 7.19 to a high of 94.94. The Vehicles & Parts industry median EV-to-EBITDA is 9.35. Bharat Forge's value of 39.15 is 318.7% above this industry median. Based on the distribution chart, Bharat Forge ranks #1034 out of 1152 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Bharat Forge has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Forge's EV-to-EBITDA compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Bharat Forge ranks #1034 out of 1152 companies for EV-to-EBITDA. This places Bharat Forge in the lower half of its industry. The industry median EV-to-EBITDA is 9.35. Bharat Forge's value of 39.15 is 318.7% above this benchmark. Historically, Bharat Forge's own EV-to-EBITDA has ranged from 7.19 to 94.94 over the past decade. While the company's 10-year median is 22.98 vs. the industry median of 9.35, Bharat Forge 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 Vehicles & Parts company?
The median EV-to-EBITDA among Vehicles & Parts companies is 9.35, based on 1,152 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 Forge's current EV-to-EBITDA of 39.15 is 318.7% 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 Bharat Forge. For the Vehicles & Parts industry, the median EV-to-EBITDA is 9.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Forge's current EV-to-EBITDA is 39.15, which is 70% above median its own 10-year median of 22.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Forge stock overvalued right now?
Based on GuruFocus' analysis, Bharat Forge (NSE:BHARATFORG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,562.60, compared to a current price of ₹2,104.90 — trading 34.7% above its estimated fair value. The current EV-to-EBITDA is 39.15, which is 70% above median its 10-year median of 22.98 and 318.7% above the Vehicles & Parts industry median of 9.35. Bharat Forge's overall GF Score™ is 83/100 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 Bharat Forge (NSE:BHARATFORG), the current EV-to-EBITDA is 39.15 as of Sep. 01, 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 Forge (NSE:BHARATFORG) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Forge stock appears to be overvalued.
The current stock price of ₹2,104.90 is trading 34.7% above its estimated GF Value™ of ₹1,562.60.
GuruFocus considers Bharat Forge to be Significantly Overvalued.
Key valuation signals for NSE:BHARATFORG:
EV-to-EBITDA: 39.15 (70% above median its 10-year median of 22.98)
GF Value™: ₹1,562.60 vs. price of ₹2,104.90 (34.7% above fair value)
Industry Position: 318.7% above the Vehicles & Parts median (#1034 of 1152)
No single metric tells the full story. See the NSE:BHARATFORG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Forge Ltd is an Indian multinational engaged in metal forging across different industries. The company has the following business units: automotive, power, oil and gas, construction and mining, rail, marine and aerospace. The automotive unit offers products including powertrain components, machines crankshafts, connecting rods, and piston. The Power business unit manufactures components for thermal, wind, hydro and nuclear applications. The Company divides its business into three reporting segments: "Forgings", "Defense", and "Others". The Forgings segment focuses on manufacturing forged components, while the Defense segment centers around defense-related activities. The "Others" segment encompasses all other businesses not covered by Forgings and Defense.
83GF Score
Get the complete analysis for NSE:BHARATFORG
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:BHARATFORG has been successfully added to your 
