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Frog InnovationsNSE:FROG -1.78%75 EV-to-EBITDA is 10.59 as of Aug. 14, 2026, which is 4% below its 10-year median of 11.03. GuruFocus rates NSE:FROG with a GF Score™ of 75/100 and a GF Value™ of ₹351.52 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,892 Hardware companies, Frog Innovations ranks better than 63.27% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Frog Innovations's enterprise value is ₹3,422 Mil.
Frog Innovations's EBITDA for the trailing twelve months (TTM) ended in Sep. 2025 was ₹323 Mil. Therefore, Frog Innovations's EV-to-EBITDA for today is 10.59.
The historical rank and industry rank for Frog Innovations's EV-to-EBITDA or its related term are showing as below:
NSE:FROG'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.47 Med: 11.03 Max: 28.02
Current: 10.59
During the past 6 years, the highest EV-to-EBITDA of Frog Innovations was 28.02. The lowest was 5.47. And the median was 11.03.
NSE:FROG's EV-to-EBITDA is ranked better than 63.27% of 1892
companies
in the Hardware industry
Industry Median: 15.385
vs NSE:FROG: 10.59
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.
Frog Innovations's PE Ratio (TTM) for today is calculated as:
Frog Innovations's share price for today is ₹215.50.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Frog Innovations's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 was ₹11.130.
* 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 Frog Innovations'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:FROG vs CSCO, MSI, HPE: EV-to-EBITDA Comparison
For the Communication Equipment subindustry, Frog Innovations'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.
Frog Innovations EV-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Frog Innovations's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Frog Innovations's EV-to-EBITDA falls into.
Frog Innovations's current Enterprise Value is ₹3,422 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Frog Innovations's EBITDA for the trailing twelve months (TTM) ended in Sep. 2025 was ₹323 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.
Frog Innovations (NSE:FROG) has a EV-to-EBITDA of 10.59 as of Aug. 14, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Frog Innovations. This is near median its historical median of 11.03. Over the past decade, Frog Innovations' EV-to-EBITDA has ranged from 5.47 to 28.02. According to the industry distribution chart, Frog Innovations ranks #695 out of 1892 companies in the Hardware industry, placing it in the top 36.7%.
Is Frog Innovations' EV-to-EBITDA too high?
Frog Innovations' current EV-to-EBITDA of 10.59 is near median its 10-year median of 11.03. Over the past 10 years, this metric has ranged from a low of 5.47 to a high of 28.02. The Hardware industry median EV-to-EBITDA is 15.39. Frog Innovations' value of 10.59 is 31.2% below this industry median. Based on the distribution chart, Frog Innovations ranks #695 out of 1892 companies in the Hardware industry, which is above the industry midpoint. Overall, Frog Innovations has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frog Innovations' EV-to-EBITDA compare to CSCO and MSI?
According to the Hardware industry distribution chart, Frog Innovations ranks #695 out of 1892 companies for EV-to-EBITDA. This puts Frog Innovations in the upper half of its industry. The industry median EV-to-EBITDA is 15.39. Frog Innovations' value of 10.59 is 31.2% below this benchmark. Historically, Frog Innovations' own EV-to-EBITDA has ranged from 5.47 to 28.02 over the past decade. While the company's 10-year median is 11.03 vs. the industry median of 15.39, Frog Innovations has consistently been below 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 Hardware company?
The median EV-to-EBITDA among Hardware companies is 15.39, based on 1,892 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. Frog Innovations's current EV-to-EBITDA of 10.59 is 31.2% below 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 Frog Innovations. For the Hardware industry, the median EV-to-EBITDA is 15.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frog Innovations's current EV-to-EBITDA is 10.59, which is near median its own 10-year median of 11.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frog Innovations stock overvalued right now?
Based on GuruFocus' analysis, Frog Innovations (NSE:FROG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹351.52, compared to a current price of ₹215.50 — trading 38.7% below its estimated fair value. The current EV-to-EBITDA is 10.59, which is near median its 10-year median of 11.03 and 31.2% below the Hardware industry median of 15.39. Frog Innovations' overall GF Score™ is 75/100 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 Frog Innovations (NSE:FROG), the current EV-to-EBITDA is 10.59 as of Aug. 14, 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 Frog Innovations (NSE:FROG) Overvalued in 2026?
Based on GuruFocus' analysis, Frog Innovations stock appears to be undervalued.
The current stock price of ₹215.50 is trading 38.7% below its estimated GF Value™ of ₹351.52.
GuruFocus considers Frog Innovations to be Possible Value Trap.
Key valuation signals for NSE:FROG:
EV-to-EBITDA: 10.59 (near median its 10-year median of 11.03)
GF Value™: ₹351.52 vs. price of ₹215.50 (38.7% below fair value)
Industry Position: 31.2% below the Hardware median (#695 of 1892)
No single metric tells the full story. See the NSE:FROG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frog Innovations Ltd is a company engaged in manufacturing telecom equipment used by telecom operators, especially in Telecom Towers. The company manufactures 2G/3G/4G/5G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeaters, Multi-band Optical DAS systems, relative software, and accessories. The company also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The company collectively operates only in one business segment manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators. It provides its products and services across Asia, Europe, Africa, and the Middle East.
75GF Score
Get the complete analysis for NSE:FROG
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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