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HEG Advanced MaterialsNSE:HEG +4.98%78 EV-to-EBITDA is 8.37 as of Sep. 22, 2026, which is 22% below its 10-year median of 10.69. GuruFocus rates NSE:HEG with a GF Score™ of 78/100 and a GF Value™ of ₹561.20 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,546 Industrial Products companies, HEG Advanced Materials ranks better than 79.18% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, HEG Advanced Materials's enterprise value is ₹46,913 Mil.
HEG Advanced Materials's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹5,607 Mil. Therefore, HEG Advanced Materials's EV-to-EBITDA for today is 8.37.
The historical rank and industry rank for HEG Advanced Materials's EV-to-EBITDA or its related term are showing as below:
NSE:HEG'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -15.76 Med: 10.69 Max: 206.4
Current: 6.8
During the past 13 years, the highest EV-to-EBITDA of HEG Advanced Materials was 206.40. The lowest was -15.76. And the median was 10.69.
NSE:HEG's EV-to-EBITDA is ranked better than 79.18% of 2546
companies
in the Industrial Products industry
Industry Median: 14.235
vs NSE:HEG: 6.80
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.
HEG Advanced Materials's PE Ratio (TTM) for today is calculated as:
HEG Advanced Materials's share price for today is ₹248.50.
HEG Advanced Materials'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 ₹18.597.
* 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.
For the Electrical Equipment & Parts subindustry, HEG Advanced Materials'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.
HEG Advanced Materials EV-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HEG Advanced Materials's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where HEG Advanced Materials's EV-to-EBITDA falls into.
HEG Advanced Materials's current Enterprise Value is ₹46,913 Mil.
HEG Advanced Materials'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 ₹5,607 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.
HEG Advanced Materials (NSE:HEG) has a EV-to-EBITDA of 8.37 as of Sep. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on HEG Advanced Materials. This is 22% below median its historical median of 10.69. According to the industry distribution chart, HEG Advanced Materials ranks #530 out of 2546 companies in the Industrial Products industry, placing it in the top 20.8%.
Is HEG Advanced Materials' EV-to-EBITDA too high?
HEG Advanced Materials' current EV-to-EBITDA of 8.37 is 22% below median its 10-year median of 10.69. The Industrial Products industry median EV-to-EBITDA is 14.24. HEG Advanced Materials' value of 8.37 is 41.2% below this industry median. Based on the distribution chart, HEG Advanced Materials ranks #530 out of 2546 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, HEG Advanced Materials has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HEG Advanced Materials' EV-to-EBITDA compare to VRT and BE?
According to the Industrial Products industry distribution chart, HEG Advanced Materials ranks #530 out of 2546 companies for EV-to-EBITDA. This places HEG Advanced Materials in the top 21% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 14.24. HEG Advanced Materials' value of 8.37 is 41.2% below this benchmark. While the company's 10-year median is 10.69 vs. the industry median of 14.24, HEG Advanced Materials 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 an Industrial Products company?
The median EV-to-EBITDA among Industrial Products companies is 14.24, based on 2,546 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. HEG Advanced Materials's current EV-to-EBITDA of 8.37 is 41.2% 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 HEG Advanced Materials. For the Industrial Products industry, the median EV-to-EBITDA is 14.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HEG Advanced Materials's current EV-to-EBITDA is 8.37, which is 22% below median its own 10-year median of 10.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HEG Advanced Materials stock overvalued right now?
Based on GuruFocus' analysis, HEG Advanced Materials (NSE:HEG) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹561.20, compared to a current price of ₹248.50 — trading 55.7% below its estimated fair value. The current EV-to-EBITDA is 8.37, which is 22% below median its 10-year median of 10.69 and 41.2% below the Industrial Products industry median of 14.24. HEG Advanced Materials' overall GF Score™ is 78/100 with 1 warning sign 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 HEG Advanced Materials (NSE:HEG), the current EV-to-EBITDA is 8.37 as of Sep. 22, 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 HEG Advanced Materials (NSE:HEG) Overvalued in 2026?
Based on GuruFocus' analysis, HEG Advanced Materials stock appears to be undervalued.
The current stock price of ₹248.50 is trading 55.7% below its estimated GF Value™ of ₹561.20.
GuruFocus considers HEG Advanced Materials to be Significantly Undervalued.
Key valuation signals for NSE:HEG:
EV-to-EBITDA: 8.37 (22% below median its 10-year median of 10.69)
GF Value™: ₹561.20 vs. price of ₹248.50 (55.7% below fair value)
Industry Position: 41.2% below the Industrial Products median (#530 of 2546)
No single metric tells the full story. See the NSE:HEG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HEG Ltd is a graphite electrode manufacturer. The company operates in business segments that include Graphite Electrodes, which manufactures graphite electrodes; and Power Generation, which comprises of generation of power for captive consumption and sale. The company generates the majority of its revenue from the Graphite Electrodes segment. It also focuses on carbon specialties. The export sales generate maximum revenue for the company.
78GF Score
Get the complete analysis for NSE:HEG
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