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.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Happiest Minds Technologies's enterprise value is ₹74,094 Mil.
Happiest Minds Technologies's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹4,870 Mil. Therefore, Happiest Minds Technologies's EV-to-EBITDA for today is 15.21.
The historical rank and industry rank for Happiest Minds Technologies's EV-to-EBITDA or its related term are showing as below:
NSE:HAPPSTMNDS'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.81 Med: 30.89 Max: 96.5
Current: 15.22
During the past 9 years, the highest EV-to-EBITDA of Happiest Minds Technologies was 96.50. The lowest was 6.81. And the median was 30.89.
NSE:HAPPSTMNDS's EV-to-EBITDA is ranked worse than 64.31% of 1964
companies
in the Software industry
Industry Median: 10.445
vs NSE:HAPPSTMNDS: 15.22
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.
Happiest Minds Technologies's PE Ratio (TTM) for today is calculated as:
Happiest Minds Technologies's share price for today is ₹426.80.
Happiest Minds Technologies'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 ₹14.800.
* 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).
* 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:HAPPSTMNDS vs IBM, ACN, FISV: EV-to-EBITDA Comparison
For the Information Technology Services subindustry, Happiest Minds Technologies'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.
Happiest Minds Technologies EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Happiest Minds Technologies's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Happiest Minds Technologies's EV-to-EBITDA falls into.
Happiest Minds Technologies's current Enterprise Value is ₹74,094 Mil.
Happiest Minds Technologies'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 ₹4,870 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.
Happiest Minds Technologies (NSE:HAPPSTMNDS) has a EV-to-EBITDA of 15.21 as of Aug. 18, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Happiest Minds Technologies. This is 51% below median its historical median of 30.89. Over the past decade, Happiest Minds Technologies' EV-to-EBITDA has ranged from 6.81 to 96.50. According to the industry distribution chart, Happiest Minds Technologies ranks #1263 out of 1964 companies in the Software industry, placing it in the top 64.3%.
Is Happiest Minds Technologies' EV-to-EBITDA too high?
Happiest Minds Technologies' current EV-to-EBITDA of 15.21 is 51% below median its 10-year median of 30.89. Over the past 10 years, this metric has ranged from a low of 6.81 to a high of 96.50. The Software industry median EV-to-EBITDA is 10.45. Happiest Minds Technologies' value of 15.21 is 45.6% above this industry median. Based on the distribution chart, Happiest Minds Technologies ranks #1263 out of 1964 companies in the Software industry, which is below the industry midpoint. Overall, Happiest Minds Technologies has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Happiest Minds Technologies' EV-to-EBITDA compare to IBM and ACN?
According to the Software industry distribution chart, Happiest Minds Technologies ranks #1263 out of 1964 companies for EV-to-EBITDA. This places Happiest Minds Technologies in the lower half of its industry. The industry median EV-to-EBITDA is 10.45. Happiest Minds Technologies' value of 15.21 is 45.6% above this benchmark. Historically, Happiest Minds Technologies' own EV-to-EBITDA has ranged from 6.81 to 96.50 over the past decade. While the company's 10-year median is 30.89 vs. the industry median of 10.45, Happiest Minds Technologies 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 Software company?
The median EV-to-EBITDA among Software companies is 10.45, based on 1,964 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. Happiest Minds Technologies's current EV-to-EBITDA of 15.21 is 45.6% 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 Happiest Minds Technologies. For the Software industry, the median EV-to-EBITDA is 10.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happiest Minds Technologies's current EV-to-EBITDA is 15.21, which is 51% below median its own 10-year median of 30.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happiest Minds Technologies stock overvalued right now?
Based on GuruFocus' analysis, Happiest Minds Technologies (NSE:HAPPSTMNDS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹877.05, compared to a current price of ₹426.80 — trading 51.3% below its estimated fair value. The current EV-to-EBITDA is 15.21, which is 51% below median its 10-year median of 30.89 and 45.6% above the Software industry median of 10.45. Happiest Minds Technologies' overall GF Score™ is 72/100 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 Happiest Minds Technologies (NSE:HAPPSTMNDS), the current EV-to-EBITDA is 15.21 as of Aug. 18, 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 Happiest Minds Technologies (NSE:HAPPSTMNDS) Overvalued in 2026?
Based on GuruFocus' analysis, Happiest Minds Technologies stock appears to be undervalued.
The current stock price of ₹426.80 is trading 51.3% below its estimated GF Value™ of ₹877.05.
GuruFocus considers Happiest Minds Technologies to be Significantly Undervalued.
Key valuation signals for NSE:HAPPSTMNDS:
EV-to-EBITDA: 15.21 (51% below median its 10-year median of 30.89)
GF Value™: ₹877.05 vs. price of ₹426.80 (51.3% below fair value)
Industry Position: 45.6% above the Software median (#1263 of 1964)
No single metric tells the full story. See the NSE:HAPPSTMNDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Happiest Minds Technologies Ltd is an information technology (IT) company intended to deliver seamless customer experiences, business efficiency, and actionable insights to users. The company leverages a spectrum of disruptive technologies like artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, and more, enabling users in industry sectors like automotive, banking, financial services and insurance (BFSI), consumer packaged goods, e-commerce, edutech, engineering research and development (R&D), hi-tech, manufacturing, retail, and travel/transportation/hospitality to undergo digital transformation. Geographically, the company generates its key revenue from the United States of America.
72GF Score
Get the complete analysis for NSE:HAPPSTMNDS
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:HAPPSTMNDS has been successfully added to your 
