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Polycab IndiaNSE:POLYCAB -1.74%99 EV-to-EBITDA is 29.87 as of Aug. 23, 2026, which is 15% above its 10-year median of 26.07. GuruFocus rates NSE:POLYCAB with a GF Score™ of 99/100 and a GF Value™ of ₹10,241.02 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,478 Industrial Products companies, Polycab India ranks worse than 72.2% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Polycab India's enterprise value is ₹1,354,665 Mil.
Polycab India's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹45,346 Mil. Therefore, Polycab India's EV-to-EBITDA for today is 29.87.
The historical rank and industry rank for Polycab India's EV-to-EBITDA or its related term are showing as below:
NSE:POLYCAB'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.8 Med: 26.07 Max: 40.82
Current: 29.87
During the past 11 years, the highest EV-to-EBITDA of Polycab India was 40.82. The lowest was 7.80. And the median was 26.07.
NSE:POLYCAB's EV-to-EBITDA is ranked worse than 72.2% of 2478
companies
in the Industrial Products industry
Industry Median: 15.705
vs NSE:POLYCAB: 29.87
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.
Polycab India (NSE:POLYCAB) EV-to-EBITDA Explanation
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.
Polycab India's PE Ratio (TTM) for today is calculated as:
Polycab India's share price for today is ₹8966.00.
Polycab India'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 ₹190.590.
* 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 Polycab India'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 Electrical Equipment & Parts subindustry, Polycab India'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.
Polycab India EV-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polycab India's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Polycab India's EV-to-EBITDA falls into.
Polycab India's current Enterprise Value is ₹1,354,665 Mil.
Polycab India'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 ₹45,346 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.
Polycab India (NSE:POLYCAB) has a EV-to-EBITDA of 29.87 as of Aug. 23, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Polycab India. This is 15% above median its historical median of 26.07. Over the past decade, Polycab India's EV-to-EBITDA has ranged from 7.80 to 40.82. According to the industry distribution chart, Polycab India ranks #1789 out of 2478 companies in the Industrial Products industry, placing it in the top 72.2%.
Is Polycab India's EV-to-EBITDA too high?
Polycab India's current EV-to-EBITDA of 29.87 is 15% above median its 10-year median of 26.07. Over the past 10 years, this metric has ranged from a low of 7.80 to a high of 40.82. The Industrial Products industry median EV-to-EBITDA is 15.71. Polycab India's value of 29.87 is 90.2% above this industry median. Based on the distribution chart, Polycab India ranks #1789 out of 2478 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Polycab India has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polycab India's EV-to-EBITDA compare to VRT and BE?
According to the Industrial Products industry distribution chart, Polycab India ranks #1789 out of 2478 companies for EV-to-EBITDA. This places Polycab India in the lower half of its industry. The industry median EV-to-EBITDA is 15.71. Polycab India's value of 29.87 is 90.2% above this benchmark. Historically, Polycab India's own EV-to-EBITDA has ranged from 7.80 to 40.82 over the past decade. While the company's 10-year median is 26.07 vs. the industry median of 15.71, Polycab India 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 an Industrial Products company?
The median EV-to-EBITDA among Industrial Products companies is 15.71, based on 2,478 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. Polycab India's current EV-to-EBITDA of 29.87 is 90.2% 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 Polycab India. For the Industrial Products industry, the median EV-to-EBITDA is 15.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polycab India's current EV-to-EBITDA is 29.87, which is 15% above median its own 10-year median of 26.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polycab India stock overvalued right now?
Based on GuruFocus' analysis, Polycab India (NSE:POLYCAB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹10,241.02, compared to a current price of ₹8,966.00 — trading 12.5% below its estimated fair value. The current EV-to-EBITDA is 29.87, which is 15% above median its 10-year median of 26.07 and 90.2% above the Industrial Products industry median of 15.71. Polycab India's overall GF Score™ is 99/100 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 Polycab India (NSE:POLYCAB), the current EV-to-EBITDA is 29.87 as of Aug. 23, 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 Polycab India (NSE:POLYCAB) Overvalued in 2026?
Based on GuruFocus' analysis, Polycab India stock appears to be undervalued.
The current stock price of ₹8,966.00 is trading 12.5% below its estimated GF Value™ of ₹10,241.02.
GuruFocus considers Polycab India to be Modestly Undervalued.
Key valuation signals for NSE:POLYCAB:
EV-to-EBITDA: 29.87 (15% above median its 10-year median of 26.07)
GF Value™: ₹10,241.02 vs. price of ₹8,966.00 (12.5% below fair value)
Industry Position: 90.2% above the Industrial Products median (#1789 of 2478)
No single metric tells the full story. See the NSE:POLYCAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and the EPC segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India, and also has its presence Overseas. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.
99GF Score
Get the complete analysis for NSE:POLYCAB
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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