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Mahanagar Telephone NigamNSE:MTNL +0.13%34 EV-to-EBITDA is 68.33 as of Sep. 22, 2026, which is 2232% above its 10-year median of 2.93. GuruFocus rates NSE:MTNL with a GF Score™ of 34/100 and a GF Value™ of ₹40.28 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 319 Telecommunication Services companies, Mahanagar Telephone Nigam ranks worse than 95.92% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Mahanagar Telephone Nigam's enterprise value is ₹361,670 Mil.
Mahanagar Telephone Nigam's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹5,293 Mil. Therefore, Mahanagar Telephone Nigam's EV-to-EBITDA for today is 68.33.
The historical rank and industry rank for Mahanagar Telephone Nigam's EV-to-EBITDA or its related term are showing as below:
NSE:MTNL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -810.77 Med: 2.93 Max: 4497.22
Current: 68.17
During the past 13 years, the highest EV-to-EBITDA of Mahanagar Telephone Nigam was 4497.22. The lowest was -810.77. And the median was 2.93.
NSE:MTNL's EV-to-EBITDA is ranked worse than 95.92% of 319
companies
in the Telecommunication Services industry
Industry Median: 6.58
vs NSE:MTNL: 68.17
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.
Mahanagar Telephone Nigam's PE Ratio (TTM) for today is calculated as:
Mahanagar Telephone Nigam's share price for today is ₹23.65.
Mahanagar Telephone Nigam'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 ₹-47.722.
* 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 Telecom Services subindustry, Mahanagar Telephone Nigam'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.
Mahanagar Telephone Nigam EV-to-EBITDA vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Mahanagar Telephone Nigam's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Mahanagar Telephone Nigam's EV-to-EBITDA falls into.
Mahanagar Telephone Nigam's current Enterprise Value is ₹361,670 Mil.
Mahanagar Telephone Nigam'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 ₹5,293 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.
Mahanagar Telephone Nigam (NSE:MTNL) has a EV-to-EBITDA of 68.33 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 Mahanagar Telephone Nigam. This is 2232% above median its historical median of 2.93. According to the industry distribution chart, Mahanagar Telephone Nigam ranks #306 out of 319 companies in the Telecommunication Services industry, placing it in the top 95.9%.
Is Mahanagar Telephone Nigam's EV-to-EBITDA too high?
Mahanagar Telephone Nigam's current EV-to-EBITDA of 68.33 is 2232% above median its 10-year median of 2.93. The Telecommunication Services industry median EV-to-EBITDA is 6.58. Mahanagar Telephone Nigam's value of 68.33 is 938.4% above this industry median. Based on the distribution chart, Mahanagar Telephone Nigam ranks #306 out of 319 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Mahanagar Telephone Nigam has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mahanagar Telephone Nigam's EV-to-EBITDA compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Mahanagar Telephone Nigam ranks #306 out of 319 companies for EV-to-EBITDA. This places Mahanagar Telephone Nigam in the lower half of its industry. The industry median EV-to-EBITDA is 6.58. Mahanagar Telephone Nigam's value of 68.33 is 938.4% above this benchmark. While the company's 10-year median is 2.93 vs. the industry median of 6.58, Mahanagar Telephone Nigam 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 Telecommunication Services company?
The median EV-to-EBITDA among Telecommunication Services companies is 6.58, based on 319 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. Mahanagar Telephone Nigam's current EV-to-EBITDA of 68.33 is 938.4% 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 Mahanagar Telephone Nigam. For the Telecommunication Services industry, the median EV-to-EBITDA is 6.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Telephone Nigam's current EV-to-EBITDA is 68.33, which is 2232% above median its own 10-year median of 2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahanagar Telephone Nigam stock overvalued right now?
Based on GuruFocus' analysis, Mahanagar Telephone Nigam (NSE:MTNL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹40.28, compared to a current price of ₹23.65 — trading 41.3% below its estimated fair value. The current EV-to-EBITDA is 68.33, which is 2232% above median its 10-year median of 2.93 and 938.4% above the Telecommunication Services industry median of 6.58. Mahanagar Telephone Nigam's overall GF Score™ is 34/100 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 Mahanagar Telephone Nigam (NSE:MTNL), the current EV-to-EBITDA is 68.33 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 Mahanagar Telephone Nigam (NSE:MTNL) Overvalued in 2026?
Based on GuruFocus' analysis, Mahanagar Telephone Nigam stock appears to be undervalued.
The current stock price of ₹23.65 is trading 41.3% below its estimated GF Value™ of ₹40.28.
GuruFocus considers Mahanagar Telephone Nigam to be Possible Value Trap.
Key valuation signals for NSE:MTNL:
EV-to-EBITDA: 68.33 (2232% above median its 10-year median of 2.93)
GF Value™: ₹40.28 vs. price of ₹23.65 (41.3% below fair value)
Industry Position: 938.4% above the Telecommunication Services median (#306 of 319)
No single metric tells the full story. See the NSE:MTNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mahanagar Telephone Nigam Ltd is an India-based company that provides telecommunications services. The company's operating segment includes the Basic and Cellular segments. It generates maximum revenue from the Basic segment. The company offers various telecom services, including fixed telephone service, GSM (including 3G services), Internet, Broadband, ISDN, and Leased Line services.
34GF Score
Get the complete analysis for NSE:MTNL
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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