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Indian OilNSE:IOC +0.64%77 EV-to-EBITDA is 5.85 as of Aug. 14, 2026, which is 7% above its 10-year median of 5.45. GuruFocus rates NSE:IOC with a GF Score™ of 77/100 and a GF Value™ of ₹163.75 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 768 Oil & Gas companies, Indian Oil ranks better than 62.63% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Indian Oil's enterprise value is ₹3,263,864 Mil.
Indian Oil's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹557,564 Mil. Therefore, Indian Oil's EV-to-EBITDA for today is 5.85.
The historical rank and industry rank for Indian Oil's EV-to-EBITDA or its related term are showing as below:
NSE:IOC'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -77.15 Med: 5.45 Max: 110.18
Current: 5.85
During the past 13 years, the highest EV-to-EBITDA of Indian Oil was 110.18. The lowest was -77.15. And the median was 5.45.
NSE:IOC's EV-to-EBITDA is ranked better than 62.63% of 768
companies
in the Oil & Gas industry
Industry Median: 7.45
vs NSE:IOC: 5.85
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.
Indian Oil's share price for today is ₹141.50.
Indian Oil'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 ₹24.440.
* 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 Indian Oil'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 Oil & Gas Refining & Marketing subindustry, Indian Oil'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.
Indian Oil EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Indian Oil's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Indian Oil's EV-to-EBITDA falls into.
Indian Oil's current Enterprise Value is ₹3,263,864 Mil.
Indian Oil'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 ₹557,564 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.
Indian Oil (NSE:IOC) has a EV-to-EBITDA of 5.85 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 Indian Oil. This is near median its historical median of 5.45. According to the industry distribution chart, Indian Oil ranks #287 out of 768 companies in the Oil & Gas industry, placing it in the top 37.4%.
Is Indian Oil's EV-to-EBITDA too high?
Indian Oil's current EV-to-EBITDA of 5.85 is near median its 10-year median of 5.45. The Oil & Gas industry median EV-to-EBITDA is 7.45. Indian Oil's value of 5.85 is 21.5% below this industry median. Based on the distribution chart, Indian Oil ranks #287 out of 768 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Indian Oil has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Oil's EV-to-EBITDA compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Indian Oil ranks #287 out of 768 companies for EV-to-EBITDA. This puts Indian Oil in the upper half of its industry. The industry median EV-to-EBITDA is 7.45. Indian Oil's value of 5.85 is 21.5% below this benchmark. While the company's 10-year median is 5.45 vs. the industry median of 7.45, Indian Oil 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 Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.45, based on 768 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. Indian Oil's current EV-to-EBITDA of 5.85 is 21.5% 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 Indian Oil. For the Oil & Gas industry, the median EV-to-EBITDA is 7.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Oil's current EV-to-EBITDA is 5.85, which is near median its own 10-year median of 5.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Oil stock overvalued right now?
Based on GuruFocus' analysis, Indian Oil (NSE:IOC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹163.75, compared to a current price of ₹141.50 — trading 13.6% below its estimated fair value. The current EV-to-EBITDA is 5.85, which is near median its 10-year median of 5.45 and 21.5% below the Oil & Gas industry median of 7.45. Indian Oil's overall GF Score™ is 77/100 with 6 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 Indian Oil (NSE:IOC), the current EV-to-EBITDA is 5.85 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 Indian Oil (NSE:IOC) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Oil stock appears to be undervalued.
The current stock price of ₹141.50 is trading 13.6% below its estimated GF Value™ of ₹163.75.
GuruFocus considers Indian Oil to be Modestly Undervalued.
Key valuation signals for NSE:IOC:
EV-to-EBITDA: 5.85 (near median its 10-year median of 5.45)
GF Value™: ₹163.75 vs. price of ₹141.50 (13.6% below fair value)
Industry Position: 21.5% below the Oil & Gas median (#287 of 768)
No single metric tells the full story. See the NSE:IOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Oil Corp Ltd conducts business across the entire hydrocarbon value chain, from refining, pipeline transportation and marketing, to exploration and production of crude oil and gas, petrochemicals, gas marketing, alternative energy sources, and globalisation of downstream operations. The group is engaged in the following business segments: Sale of Petroleum Products, Sale of Petrochemicals, Sale of Gas, and the Other operating segment, which includes oil and gas exploration activities, explosives and cryogenic business, and windmill and solar power generation. The majority of its revenue is generated from the sale of petroleum products such as motor spirit, high speed diesel, liquified petroleum gas, aviation turbine fuel, and others. Geographically, it derives key revenue from India.
77GF 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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