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Happy ForgingsNSE:HAPPYFORGE +2.84%59 EV-to-EBITDA is 39.23 as of Aug. 19, 2026, which is 75% above its 10-year median of 22.41. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 59/100 and a GF Value™ of ₹1,346.67 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,469 Industrial Products companies, Happy Forgings ranks worse than 77.89% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Happy Forgings's enterprise value is ₹212,601 Mil.
Happy Forgings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹5,419 Mil. Therefore, Happy Forgings's EV-to-EBITDA for today is 39.23.
The historical rank and industry rank for Happy Forgings's EV-to-EBITDA or its related term are showing as below:
NSE:HAPPYFORGE'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 16.46 Med: 22.41 Max: 39.23
Current: 39.23
During the past 6 years, the highest EV-to-EBITDA of Happy Forgings was 39.23. The lowest was 16.46. And the median was 22.41.
NSE:HAPPYFORGE's EV-to-EBITDA is ranked worse than 77.89% of 2469
companies
in the Industrial Products industry
Industry Median: 15.88
vs NSE:HAPPYFORGE: 39.23
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.
Happy Forgings's PE Ratio (TTM) for today is calculated as:
Happy Forgings's share price for today is ₹2260.60.
Happy Forgings'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 ₹34.600.
* 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 Happy Forgings'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:HAPPYFORGE vs CRS, ATI, MLI: EV-to-EBITDA Comparison
For the Metal Fabrication subindustry, Happy Forgings'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.
Happy Forgings EV-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Happy Forgings's EV-to-EBITDA falls into.
Happy Forgings's current Enterprise Value is ₹212,601 Mil.
Happy Forgings'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 ₹5,419 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.
Happy Forgings (NSE:HAPPYFORGE) has a EV-to-EBITDA of 39.23 as of Aug. 19, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Happy Forgings. This is 75% above median its historical median of 22.41. Over the past decade, Happy Forgings' EV-to-EBITDA has ranged from 16.46 to 39.23. According to the industry distribution chart, Happy Forgings ranks #1923 out of 2469 companies in the Industrial Products industry, placing it in the top 77.9%.
Is Happy Forgings' EV-to-EBITDA too high?
Happy Forgings' current EV-to-EBITDA of 39.23 is 75% above median its 10-year median of 22.41. Over the past 10 years, this metric has ranged from a low of 16.46 to a high of 39.23. The Industrial Products industry median EV-to-EBITDA is 15.88. Happy Forgings' value of 39.23 is 147% above this industry median. Based on the distribution chart, Happy Forgings ranks #1923 out of 2469 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Happy Forgings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' EV-to-EBITDA compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #1923 out of 2469 companies for EV-to-EBITDA. This places Happy Forgings in the lower half of its industry. The industry median EV-to-EBITDA is 15.88. Happy Forgings' value of 39.23 is 147% above this benchmark. Historically, Happy Forgings' own EV-to-EBITDA has ranged from 16.46 to 39.23 over the past decade. While the company's 10-year median is 22.41 vs. the industry median of 15.88, Happy Forgings 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 Industrial Products company?
The median EV-to-EBITDA among Industrial Products companies is 15.88, based on 2,469 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. Happy Forgings's current EV-to-EBITDA of 39.23 is 147% 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 Happy Forgings. For the Industrial Products industry, the median EV-to-EBITDA is 15.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current EV-to-EBITDA is 39.23, which is 75% above median its own 10-year median of 22.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Forgings stock overvalued right now?
Based on GuruFocus' analysis, Happy Forgings (NSE:HAPPYFORGE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,346.67, compared to a current price of ₹2,260.60 — trading 67.9% above its estimated fair value. The current EV-to-EBITDA is 39.23, which is 75% above median its 10-year median of 22.41 and 147% above the Industrial Products industry median of 15.88. Happy Forgings' overall GF Score™ is 59/100 with 4 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 Happy Forgings (NSE:HAPPYFORGE), the current EV-to-EBITDA is 39.23 as of Aug. 19, 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 Happy Forgings (NSE:HAPPYFORGE) Overvalued in 2026?
Based on GuruFocus' analysis, Happy Forgings stock appears to be overvalued.
The current stock price of ₹2,260.60 is trading 67.9% above its estimated GF Value™ of ₹1,346.67.
GuruFocus considers Happy Forgings to be Significantly Overvalued.
Key valuation signals for NSE:HAPPYFORGE:
EV-to-EBITDA: 39.23 (75% above median its 10-year median of 22.41)
GF Value™: ₹1,346.67 vs. price of ₹2,260.60 (67.9% above fair value)
Industry Position: 147% above the Industrial Products median (#1923 of 2469)
No single metric tells the full story. See the NSE:HAPPYFORGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Happy Forgings Ltd is a manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. The company manufactures, designs, and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products, and valve bodies for different industries and customers. The Company business comprises only the Forging segment where the company sells forged products comprising of forgings and machined components for the automotive and industrial sectors. The company generates the majority of its revenue within India.
59GF Score
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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