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ITCNSE:ITC -1.85%84 EV-to-EBITDA is 11.24 as of Aug. 18, 2026, which is 25% below its 10-year median of 15.05. GuruFocus rates NSE:ITC with a GF Score™ of 84/100 and a GF Value™ of ₹438.92 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 39 Tobacco Products companies, ITC ranks worse than 69.23% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, ITC's enterprise value is ₹3,214,000 Mil.
ITC's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹285,900 Mil. Therefore, ITC's EV-to-EBITDA for today is 11.24.
The historical rank and industry rank for ITC's EV-to-EBITDA or its related term are showing as below:
NSE:ITC'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.1 Med: 15.05 Max: 68.7
Current: 11.24
During the past 13 years, the highest EV-to-EBITDA of ITC was 68.70. The lowest was 8.10. And the median was 15.05.
NSE:ITC's EV-to-EBITDA is ranked worse than 69.23% of 39
companies
in the Tobacco Products industry
Industry Median: 9.17
vs NSE:ITC: 11.24
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.
As of today (2026-08-18), ITC's stock price is ₹273.05.
ITC's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹15.840. Therefore, ITC's PE Ratio (TTM) for today is 17.24.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
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.
ITC's share price for today is ₹273.05.
ITC'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 ₹15.840.
* 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 ITC'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 Tobacco subindustry, ITC'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.
ITC EV-to-EBITDA vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, ITC's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ITC's EV-to-EBITDA falls into.
ITC's current Enterprise Value is ₹3,214,000 Mil.
ITC'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 ₹285,900 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.
ITC (NSE:ITC) has a EV-to-EBITDA of 11.24 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 ITC. This is 25% below median its historical median of 15.05. Over the past decade, ITC's EV-to-EBITDA has ranged from 8.10 to 68.70. According to the industry distribution chart, ITC ranks #27 out of 39 companies in the Tobacco Products industry, placing it in the top 69.2%.
Is ITC's EV-to-EBITDA too high?
ITC's current EV-to-EBITDA of 11.24 is 25% below median its 10-year median of 15.05. Over the past 10 years, this metric has ranged from a low of 8.10 to a high of 68.70. The Tobacco Products industry median EV-to-EBITDA is 9.17. ITC's value of 11.24 is 22.6% above this industry median. Based on the distribution chart, ITC ranks #27 out of 39 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, ITC has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ITC's EV-to-EBITDA compare to PM and MO?
According to the Tobacco Products industry distribution chart, ITC ranks #27 out of 39 companies for EV-to-EBITDA. This places ITC in the lower half of its industry. The industry median EV-to-EBITDA is 9.17. ITC's value of 11.24 is 22.6% above this benchmark. Historically, ITC's own EV-to-EBITDA has ranged from 8.10 to 68.70 over the past decade. While the company's 10-year median is 15.05 vs. the industry median of 9.17, ITC 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 Tobacco Products company?
The median EV-to-EBITDA among Tobacco Products companies is 9.17, based on 39 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. ITC's current EV-to-EBITDA of 11.24 is 22.6% 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 ITC. For the Tobacco Products industry, the median EV-to-EBITDA is 9.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITC's current EV-to-EBITDA is 11.24, which is 25% below median its own 10-year median of 15.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITC stock overvalued right now?
Based on GuruFocus' analysis, ITC (NSE:ITC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹438.92, compared to a current price of ₹273.05 — trading 37.8% below its estimated fair value. The current EV-to-EBITDA is 11.24, which is 25% below median its 10-year median of 15.05 and 22.6% above the Tobacco Products industry median of 9.17. ITC's overall GF Score™ is 84/100 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 ITC (NSE:ITC), the current EV-to-EBITDA is 11.24 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 ITC (NSE:ITC) Overvalued in 2026?
Based on GuruFocus' analysis, ITC stock appears to be undervalued.
The current stock price of ₹273.05 is trading 37.8% below its estimated GF Value™ of ₹438.92.
GuruFocus considers ITC to be Significantly Undervalued.
Key valuation signals for NSE:ITC:
EV-to-EBITDA: 11.24 (25% below median its 10-year median of 15.05)
GF Value™: ₹438.92 vs. price of ₹273.05 (37.8% below fair value)
Industry Position: 22.6% above the Tobacco Products median (#27 of 39)
No single metric tells the full story. See the NSE:ITC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ITC Ltd is an Indian conglomerate that predominantly operates in the consumer goods space, particularly cigarettes. The company operates in three main business segments: Fast Moving Consumer Goods; Paperboards, Paper, and Packaging; and Agri-Business. The company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.
84GF Score
Get the complete analysis for NSE:ITC
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