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Havells IndiaNSE:HAVELLS -3.83%94 EV-to-EBITDA is 26.96 as of Sep. 07, 2026, which is 34% below its 10-year median of 41.06. GuruFocus rates NSE:HAVELLS with a GF Score™ of 94/100 and a GF Value™ of ₹1,789.86 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,460 Industrial Products companies, Havells India ranks worse than 68.7% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Havells India's enterprise value is ₹704,847 Mil.
Havells India's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹26,143 Mil. Therefore, Havells India's EV-to-EBITDA for today is 26.96.
The historical rank and industry rank for Havells India's EV-to-EBITDA or its related term are showing as below:
NSE:HAVELLS'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 24.25 Med: 41.06 Max: 13294.63
Current: 26.96
During the past 13 years, the highest EV-to-EBITDA of Havells India was 13294.63. The lowest was 24.25. And the median was 41.06.
NSE:HAVELLS's EV-to-EBITDA is ranked worse than 68.7% of 2460
companies
in the Industrial Products industry
Industry Median: 15.24
vs NSE:HAVELLS: 26.96
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.
Havells India (NSE:HAVELLS) EV-to-EBITDA Explanation
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.
Havells India's PE Ratio (TTM) for today is calculated as:
Havells India's share price for today is ₹1154.00.
Havells India'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 ₹26.010.
* 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 Havells India'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 Electrical Equipment & Parts subindustry, Havells India'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.
Havells India EV-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Havells India's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Havells India's EV-to-EBITDA falls into.
Havells India's current Enterprise Value is ₹704,847 Mil.
Havells India'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 ₹26,143 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.
Havells India (NSE:HAVELLS) has a EV-to-EBITDA of 26.96 as of Sep. 07, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Havells India. This is 34% below median its historical median of 41.06. Over the past decade, Havells India's EV-to-EBITDA has ranged from 24.25 to 13,294.63. According to the industry distribution chart, Havells India ranks #1690 out of 2460 companies in the Industrial Products industry, placing it in the top 68.7%.
Is Havells India's EV-to-EBITDA too high?
Havells India's current EV-to-EBITDA of 26.96 is 34% below median its 10-year median of 41.06. Over the past 10 years, this metric has ranged from a low of 24.25 to a high of 13,294.63. The Industrial Products industry median EV-to-EBITDA is 15.24. Havells India's value of 26.96 is 76.9% above this industry median. Based on the distribution chart, Havells India ranks #1690 out of 2460 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Havells India has a GF Score™ of 94/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Havells India's EV-to-EBITDA compare to VRT and BE?
According to the Industrial Products industry distribution chart, Havells India ranks #1690 out of 2460 companies for EV-to-EBITDA. This places Havells India in the lower half of its industry. The industry median EV-to-EBITDA is 15.24. Havells India's value of 26.96 is 76.9% above this benchmark. Historically, Havells India's own EV-to-EBITDA has ranged from 24.25 to 13,294.63 over the past decade. While the company's 10-year median is 41.06 vs. the industry median of 15.24, Havells India 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 15.24, based on 2,460 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. Havells India's current EV-to-EBITDA of 26.96 is 76.9% 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 Havells India. For the Industrial Products industry, the median EV-to-EBITDA is 15.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Havells India's current EV-to-EBITDA is 26.96, which is 34% below median its own 10-year median of 41.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havells India stock overvalued right now?
Based on GuruFocus' analysis, Havells India (NSE:HAVELLS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,789.86, compared to a current price of ₹1,154.00 — trading 35.5% below its estimated fair value. The current EV-to-EBITDA is 26.96, which is 34% below median its 10-year median of 41.06 and 76.9% above the Industrial Products industry median of 15.24. Havells India's overall GF Score™ is 94/100 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 Havells India (NSE:HAVELLS), the current EV-to-EBITDA is 26.96 as of Sep. 07, 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 Havells India (NSE:HAVELLS) Overvalued in 2026?
Based on GuruFocus' analysis, Havells India stock appears to be undervalued.
The current stock price of ₹1,154.00 is trading 35.5% below its estimated GF Value™ of ₹1,789.86.
GuruFocus considers Havells India to be Significantly Undervalued.
Key valuation signals for NSE:HAVELLS:
EV-to-EBITDA: 26.96 (34% below median its 10-year median of 41.06)
GF Value™: ₹1,789.86 vs. price of ₹1,154.00 (35.5% below fair value)
Industry Position: 76.9% above the Industrial Products median (#1690 of 2460)
No single metric tells the full story. See the NSE:HAVELLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havells India Ltd manufactures and distributes electrical equipment for consumer and industrial applications. Its product portfolio includes fans, appliances, switches, lighting, switch gears, circuit breakers, water heaters, air purifiers, flexible cables, air coolers, monoblock and submersible pumps, personal grooming products, motors, and reactive power solutions. The firm has seven manufacturing facilities, all of which are in India. The company operates in multiple segments: Switchgear (domestic and industrial), which derives maximum revenue, Cables (domestic and industrial underground), Lighting and Fixtures (LED lamps), Electrical Consumer Durables (fans, water heaters), Lloyd Consumer products (air conditioners, televisions), and Others (industrial motors, water purifiers).
94GF Score
Get the complete analysis for NSE:HAVELLS
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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