Ratnamani Metals & Tubes (NSE:RATNAMANI) EV-to-EBITDA: 22.46 (As of Sep. 05, 2026) — 17% Above 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:RATNAMANI Ratnamani Metals & Tubes Ltd NSE:RATNAMANI
94 GF Score
Price ₹2,727.00
GF Value ₹2,534.66
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Ratnamani Metals & Tubes EV-to-EBITDA?

Ratnamani Metals & Tubes NSE:RATNAMANI +2.15% 94 EV-to-EBITDA is 22.46 as of Sep. 05, 2026, which is 17% above its 10-year median of 19.22. GuruFocus rates NSE:RATNAMANI with a GF Score™ of 94/100 and a GF Value™ of ₹2,534.66 (Fairly Valued). The stock has 7 warning signs investors should review. Among 529 Steel companies, Ratnamani Metals & Tubes ranks worse than 79.58% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Ratnamani Metals & Tubes's enterprise value is ₹186,593 Mil. Ratnamani Metals & Tubes's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹8,306 Mil. Therefore, Ratnamani Metals & Tubes's EV-to-EBITDA for today is 22.46.

The historical rank and industry rank for Ratnamani Metals & Tubes's EV-to-EBITDA or its related term are showing as below:

NSE:RATNAMANI' s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.58   Med: 19.22   Max: 39.24
Current: 22.46

During the past 13 years, the highest EV-to-EBITDA of Ratnamani Metals & Tubes was 39.24. The lowest was 7.58. And the median was 19.22.

NSE:RATNAMANI's EV-to-EBITDA is ranked worse than
79.58% of 529 companies
in the Steel industry
Industry Median: 9.35 vs NSE:RATNAMANI: 22.46

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 (2026-09-05), Ratnamani Metals & Tubes's stock price is ₹2727.00. Ratnamani Metals & Tubes's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹61.710. Therefore, Ratnamani Metals & Tubes's PE Ratio (TTM) for today is 44.19.

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


Ratnamani Metals & Tubes  (NSE:RATNAMANI) 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.

Ratnamani Metals & Tubes's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2727.00/61.710
=44.19

Ratnamani Metals & Tubes's share price for today is ₹2727.00.
Ratnamani Metals & Tubes'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 ₹61.710.

* 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?


Ratnamani Metals & Tubes EV-to-EBITDA Related Terms


Ratnamani Metals & Tubes EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Ratnamani Metals & Tubes'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.

Ratnamani Metals & Tubes EV-to-EBITDA Chart

Ratnamani Metals & Tubes 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 22.93 17.49 20.38 20.52 17.44

Ratnamani Metals & Tubes Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 22.16 16.61 16.93 17.44 21.20

NSE:RATNAMANI vs NUE, STLD, RS: EV-to-EBITDA Comparison

For the Steel subindustry, Ratnamani Metals & Tubes'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.


Ratnamani Metals & Tubes EV-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, Ratnamani Metals & Tubes's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Ratnamani Metals & Tubes's EV-to-EBITDA falls into.


NSE:RATNAMANI
94GF Score
Ratnamani Metals & Tubes Ltd NSE:RATNAMANI
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ratnamani Metals & Tubes EV-to-EBITDA Calculation

Ratnamani Metals & Tubes's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=186593.117/8306.329
=22.46

Ratnamani Metals & Tubes's current Enterprise Value is ₹186,593 Mil.
Ratnamani Metals & Tubes'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 ₹8,306 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 22.46 mean?
Ratnamani Metals & Tubes (NSE:RATNAMANI) has a EV-to-EBITDA of 22.46 as of Sep. 05, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ratnamani Metals & Tubes. This is 17% above median its historical median of 19.22. Over the past decade, Ratnamani Metals & Tubes' EV-to-EBITDA has ranged from 7.58 to 39.24. According to the industry distribution chart, Ratnamani Metals & Tubes ranks #421 out of 529 companies in the Steel industry, placing it in the top 79.6%.
Is Ratnamani Metals & Tubes' EV-to-EBITDA too high?
Ratnamani Metals & Tubes' current EV-to-EBITDA of 22.46 is 17% above median its 10-year median of 19.22. Over the past 10 years, this metric has ranged from a low of 7.58 to a high of 39.24. The Steel industry median EV-to-EBITDA is 9.35. Ratnamani Metals & Tubes' value of 22.46 is 140.2% above this industry median. Based on the distribution chart, Ratnamani Metals & Tubes ranks #421 out of 529 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Ratnamani Metals & Tubes has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ratnamani Metals & Tubes' EV-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Ratnamani Metals & Tubes ranks #421 out of 529 companies for EV-to-EBITDA. This places Ratnamani Metals & Tubes in the lower half of its industry. The industry median EV-to-EBITDA is 9.35. Ratnamani Metals & Tubes' value of 22.46 is 140.2% above this benchmark. Historically, Ratnamani Metals & Tubes' own EV-to-EBITDA has ranged from 7.58 to 39.24 over the past decade. While the company's 10-year median is 19.22 vs. the industry median of 9.35, Ratnamani Metals & Tubes 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 Steel company?
The median EV-to-EBITDA among Steel companies is 9.35, based on 529 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. Ratnamani Metals & Tubes's current EV-to-EBITDA of 22.46 is 140.2% 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 Ratnamani Metals & Tubes. For the Steel industry, the median EV-to-EBITDA is 9.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratnamani Metals & Tubes's current EV-to-EBITDA is 22.46, which is 17% above median its own 10-year median of 19.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratnamani Metals & Tubes stock overvalued right now?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes (NSE:RATNAMANI) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,534.66, compared to a current price of ₹2,727.00 — trading 7.6% above its estimated fair value. The current EV-to-EBITDA is 22.46, which is 17% above median its 10-year median of 19.22 and 140.2% above the Steel industry median of 9.35. Ratnamani Metals & Tubes' overall GF Score™ is 94/100 with 7 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 Ratnamani Metals & Tubes (NSE:RATNAMANI), the current EV-to-EBITDA is 22.46 as of Sep. 05, 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 Ratnamani Metals & Tubes (NSE:RATNAMANI) Overvalued in 2026?

Based on GuruFocus' analysis, Ratnamani Metals & Tubes stock appears to be overvalued. The current stock price of ₹2,727.00 is trading 7.6% above its estimated GF Value™ of ₹2,534.66. GuruFocus considers Ratnamani Metals & Tubes to be Fairly Valued.

Key valuation signals for NSE:RATNAMANI:

  • EV-to-EBITDA: 22.46 (17% above median its 10-year median of 19.22)
  • GF Value™: ₹2,534.66 vs. price of ₹2,727.00 (7.6% above fair value)
  • GF Score™: 94/100 with 7 warning signs
  • Industry Position: 140.2% above the Steel median (#421 of 529)

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


Ratnamani Metals & Tubes Business Description

Other Exchanges 520111:India
Address The First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015
Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.
94GF Score

Get the complete analysis for NSE:RATNAMANI

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

₹2,727.00
Price
₹2,534.66
GF Value