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NTPCNSE:NTPC -0.72%84 EV-to-EBITDA is 9.48 as of Aug. 10, 2026, which is 22% above its 10-year median of 7.78. GuruFocus rates NSE:NTPC with a GF Score™ of 84/100 and a GF Value™ of ₹358.36 (Fairly Valued). The stock has 6 warning signs investors should review. Among 466 Utilities - Regulated companies, NTPC ranks better than 52.36% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, NTPC's enterprise value is ₹6,070,673 Mil.
NTPC's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹640,109 Mil. Therefore, NTPC's EV-to-EBITDA for today is 9.48.
The historical rank and industry rank for NTPC's EV-to-EBITDA or its related term are showing as below:
NSE:NTPC'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 2.31 Med: 7.78 Max: 22.44
Current: 9.48
During the past 13 years, the highest EV-to-EBITDA of NTPC was 22.44. The lowest was 2.31. And the median was 7.78.
NSE:NTPC's EV-to-EBITDA is ranked better than 52.36% of 466
companies
in the Utilities - Regulated industry
Industry Median: 9.84
vs NSE:NTPC: 9.48
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 (2026-08-10), NTPC's stock price is ₹342.50.
NTPC's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹28.630. Therefore, NTPC's PE Ratio (TTM) for today is 11.96.
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.
NTPC's share price for today is ₹342.50.
NTPC'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 ₹28.630.
* 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 NTPC'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 Utilities - Regulated Electric subindustry, NTPC'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.
NTPC EV-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NTPC's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where NTPC's EV-to-EBITDA falls into.
NTPC's current Enterprise Value is ₹6,070,673 Mil.
NTPC'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 ₹640,109 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.
NTPC (NSE:NTPC) has a EV-to-EBITDA of 9.48 as of Aug. 10, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on NTPC. This is 22% above median its historical median of 7.78. Over the past decade, NTPC's EV-to-EBITDA has ranged from 2.31 to 22.44. According to the industry distribution chart, NTPC ranks #222 out of 466 companies in the Utilities - Regulated industry, placing it in the top 47.6%.
Is NTPC's EV-to-EBITDA too high?
NTPC's current EV-to-EBITDA of 9.48 is 22% above median its 10-year median of 7.78. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 22.44. The Utilities - Regulated industry median EV-to-EBITDA is 9.84. NTPC's value of 9.48 is 3.7% below this industry median. Based on the distribution chart, NTPC ranks #222 out of 466 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, NTPC has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NTPC's EV-to-EBITDA compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, NTPC ranks #222 out of 466 companies for EV-to-EBITDA. This puts NTPC in the upper half of its industry. The industry median EV-to-EBITDA is 9.84. NTPC's value of 9.48 is 3.7% below this benchmark. Historically, NTPC's own EV-to-EBITDA has ranged from 2.31 to 22.44 over the past decade. While the company's 10-year median is 7.78 vs. the industry median of 9.84, NTPC 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 Utilities - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 9.84, based on 466 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. NTPC's current EV-to-EBITDA of 9.48 is 3.7% 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 NTPC. For the Utilities - Regulated industry, the median EV-to-EBITDA is 9.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTPC's current EV-to-EBITDA is 9.48, which is 22% above median its own 10-year median of 7.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTPC stock overvalued right now?
Based on GuruFocus' analysis, NTPC (NSE:NTPC) is currently considered Fairly Valued. The stock's GF Value™ is ₹358.36, compared to a current price of ₹342.50 — trading 4.4% below its estimated fair value. The current EV-to-EBITDA is 9.48, which is 22% above median its 10-year median of 7.78 and 3.7% below the Utilities - Regulated industry median of 9.84. NTPC's overall GF Score™ is 84/100 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 NTPC (NSE:NTPC), the current EV-to-EBITDA is 9.48 as of Aug. 10, 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 NTPC (NSE:NTPC) Overvalued in 2026?
Based on GuruFocus' analysis, NTPC stock appears to be undervalued.
The current stock price of ₹342.50 is trading 4.4% below its estimated GF Value™ of ₹358.36.
GuruFocus considers NTPC to be Fairly Valued.
Key valuation signals for NSE:NTPC:
EV-to-EBITDA: 9.48 (22% above median its 10-year median of 7.78)
GF Value™: ₹358.36 vs. price of ₹342.50 (4.4% below fair value)
Industry Position: 3.7% below the Utilities - Regulated median (#222 of 466)
No single metric tells the full story. See the NSE:NTPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NTPC Ltd is an Indian state-owned electric utility company. It is the power producer in India and supplies a amount of the nation's total needs. The company generates revenue through the sale of electricity to state-owned Indian power distribution companies from its stations throughout the country. NTPC also brings in a amount of revenue through its consultancy wing, which provides project management and supervision, energy trading, oil and gas exploration and coal mining. While the vast majority of its facilities use coal and gas fuel sources, NTPC has also increased its capacity through renewable energy sources, such as hydroelectric, solar, and thermal power, and plans to continue this trend going forward.
84GF Score
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