Race Eco Chain (NSE:RACE) EV-to-EBITDA: 14.36 (As of Aug. 02, 2026) — 85% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:RACE Race Eco Chain Ltd NSE:RACE
78 GF Score
Price ₹109.49
GF Value ₹561.77
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Race Eco Chain EV-to-EBITDA?

Race Eco Chain NSE:RACE -0.83% 78 EV-to-EBITDA is 14.36 as of Aug. 02, 2026, which is 85% below its 10-year median of 96.91. GuruFocus rates NSE:RACE with a GF Score™ of 78/100 and a GF Value™ of ₹561.77 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 176 Waste Management companies, Race Eco Chain ranks worse than 60.23% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Race Eco Chain's enterprise value is ₹2,753 Mil. Race Eco Chain's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₹192 Mil. Therefore, Race Eco Chain's EV-to-EBITDA for today is 14.36.

The historical rank and industry rank for Race Eco Chain's EV-to-EBITDA or its related term are showing as below:

NSE:RACE' s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.6   Med: 96.91   Max: 690.62
Current: 14.36

During the past 13 years, the highest EV-to-EBITDA of Race Eco Chain was 690.62. The lowest was 8.60. And the median was 96.91.

NSE:RACE's EV-to-EBITDA is ranked worse than
60.23% of 176 companies
in the Waste Management industry
Industry Median: 11.265 vs NSE:RACE: 14.36

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 (2026-08-02), Race Eco Chain's stock price is ₹109.49. Race Eco Chain's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹5.090. Therefore, Race Eco Chain's PE Ratio (TTM) for today is 21.51.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Race Eco Chain  (NSE:RACE) 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.

Race Eco Chain's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=109.49/5.090
=21.51

Race Eco Chain's share price for today is ₹109.49.
Race Eco Chain's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹5.090.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


Race Eco Chain EV-to-EBITDA Related Terms


Race Eco Chain EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Race Eco Chain'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.

Race Eco Chain EV-to-EBITDA Chart

Race Eco Chain Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 158.32 110.14 91.07 47.62 12.27

Race Eco Chain Quarterly Data
Sep20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.62 25.71 28.92 13.92 12.27

NSE:RACE vs WM, RSG, WCN: EV-to-EBITDA Comparison

For the Waste Management subindustry, Race Eco Chain'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.


Race Eco Chain EV-to-EBITDA vs Waste Management Industry

For the Waste Management industry and Industrials sector, Race Eco Chain's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Race Eco Chain's EV-to-EBITDA falls into.


NSE:RACE
78GF Score
Race Eco Chain Ltd NSE:RACE
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Race Eco Chain EV-to-EBITDA Calculation

Race Eco Chain's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=2753.008/191.743
=14.36

Race Eco Chain's current Enterprise Value is ₹2,753 Mil.
Race Eco Chain's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹192 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 14.36 mean?
Race Eco Chain (NSE:RACE) has a EV-to-EBITDA of 14.36 as of Aug. 02, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Race Eco Chain. This is 85% below median its historical median of 96.91. Over the past decade, Race Eco Chain's EV-to-EBITDA has ranged from 8.60 to 690.62. According to the industry distribution chart, Race Eco Chain ranks #106 out of 176 companies in the Waste Management industry, placing it in the top 60.2%.
Is Race Eco Chain's EV-to-EBITDA too high?
Race Eco Chain's current EV-to-EBITDA of 14.36 is 85% below median its 10-year median of 96.91. Over the past 10 years, this metric has ranged from a low of 8.60 to a high of 690.62. The Waste Management industry median EV-to-EBITDA is 11.27. Race Eco Chain's value of 14.36 is 27.5% above this industry median. Based on the distribution chart, Race Eco Chain ranks #106 out of 176 companies in the Waste Management industry, which is below the industry midpoint. Overall, Race Eco Chain has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Race Eco Chain's EV-to-EBITDA compare to WM and RSG?
According to the Waste Management industry distribution chart, Race Eco Chain ranks #106 out of 176 companies for EV-to-EBITDA. This places Race Eco Chain in the lower half of its industry. The industry median EV-to-EBITDA is 11.27. Race Eco Chain's value of 14.36 is 27.5% above this benchmark. Historically, Race Eco Chain's own EV-to-EBITDA has ranged from 8.60 to 690.62 over the past decade. While the company's 10-year median is 96.91 vs. the industry median of 11.27, Race Eco Chain 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 Waste Management company?
The median EV-to-EBITDA among Waste Management companies is 11.27, based on 176 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. Race Eco Chain's current EV-to-EBITDA of 14.36 is 27.5% 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 Race Eco Chain. For the Waste Management industry, the median EV-to-EBITDA is 11.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Race Eco Chain's current EV-to-EBITDA is 14.36, which is 85% below median its own 10-year median of 96.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Race Eco Chain stock overvalued right now?
Based on GuruFocus' analysis, Race Eco Chain (NSE:RACE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹561.77, compared to a current price of ₹109.49 — trading 80.5% below its estimated fair value. The current EV-to-EBITDA is 14.36, which is 85% below median its 10-year median of 96.91 and 27.5% above the Waste Management industry median of 11.27. Race Eco Chain's overall GF Score™ is 78/100 with 3 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 Race Eco Chain (NSE:RACE), the current EV-to-EBITDA is 14.36 as of Aug. 02, 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 Race Eco Chain (NSE:RACE) Overvalued in 2026?

Based on GuruFocus' analysis, Race Eco Chain stock appears to be undervalued. The current stock price of ₹109.49 is trading 80.5% below its estimated GF Value™ of ₹561.77. GuruFocus considers Race Eco Chain to be Significantly Undervalued.

Key valuation signals for NSE:RACE:

  • EV-to-EBITDA: 14.36 (85% below median its 10-year median of 96.91)
  • GF Value™: ₹561.77 vs. price of ₹109.49 (80.5% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 27.5% above the Waste Management median (#106 of 176)

No single metric tells the full story. See the NSE:RACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Race Eco Chain Business Description

Other Exchanges 537785:India
Address Sahibabad Industrial Area, 56/33, Site-IV, Ghaziabad, UP, IND, 201010
Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's segments are Recycle Division; Restore Division; Biomass Division and It Division. It generates the majority of its revenue from the Recycle Division.
78GF Score

Get the complete analysis for NSE:RACE

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹109.49
Price
₹561.77
GF Value