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S.P. ApparelsNSE:SPAL +1.92%87 EV-to-EBITDA is 12.99 as of Aug. 06, 2026, which is 67% above its 10-year median of 7.76. GuruFocus rates NSE:SPAL with a GF Score™ of 87/100 and a GF Value™ of ₹942.93 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 868 Manufacturing - Apparel & Accessories companies, S.P. Apparels ranks worse than 62.9% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, S.P. Apparels's enterprise value is ₹29,818 Mil.
S.P. Apparels's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2,296 Mil. Therefore, S.P. Apparels's EV-to-EBITDA for today is 12.99.
The historical rank and industry rank for S.P. Apparels's EV-to-EBITDA or its related term are showing as below:
NSE:SPAL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.38 Med: 7.76 Max: 16.35
Current: 12.96
During the past 12 years, the highest EV-to-EBITDA of S.P. Apparels was 16.35. The lowest was 1.38. And the median was 7.76.
NSE:SPAL's EV-to-EBITDA is ranked worse than 62.9% of 868
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 9.76
vs NSE:SPAL: 12.96
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.
S.P. Apparels's PE Ratio (TTM) for today is calculated as:
S.P. Apparels's share price for today is ₹1052.20.
S.P. Apparels'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 ₹40.060.
* 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 S.P. Apparels'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.
NSE:SPAL vs RL, LEVI, VFC: EV-to-EBITDA Comparison
For the Apparel Manufacturing subindustry, S.P. Apparels'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.
S.P. Apparels EV-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, S.P. Apparels's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where S.P. Apparels's EV-to-EBITDA falls into.
S.P. Apparels's current Enterprise Value is ₹29,818 Mil.
S.P. Apparels'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 ₹2,296 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.
S.P. Apparels (NSE:SPAL) has a EV-to-EBITDA of 12.99 as of Aug. 06, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on S.P. Apparels. This is 67% above median its historical median of 7.76. Over the past decade, S.P. Apparels' EV-to-EBITDA has ranged from 1.38 to 16.35. According to the industry distribution chart, S.P. Apparels ranks #546 out of 868 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 62.9%.
Is S.P. Apparels' EV-to-EBITDA too high?
S.P. Apparels' current EV-to-EBITDA of 12.99 is 67% above median its 10-year median of 7.76. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 16.35. The Manufacturing - Apparel & Accessories industry median EV-to-EBITDA is 9.76. S.P. Apparels' value of 12.99 is 33.1% above this industry median. Based on the distribution chart, S.P. Apparels ranks #546 out of 868 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, S.P. Apparels has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S.P. Apparels' EV-to-EBITDA compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, S.P. Apparels ranks #546 out of 868 companies for EV-to-EBITDA. This places S.P. Apparels in the lower half of its industry. The industry median EV-to-EBITDA is 9.76. S.P. Apparels' value of 12.99 is 33.1% above this benchmark. Historically, S.P. Apparels' own EV-to-EBITDA has ranged from 1.38 to 16.35 over the past decade. While the company's 10-year median is 7.76 vs. the industry median of 9.76, S.P. Apparels 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 Manufacturing - Apparel & Accessories company?
The median EV-to-EBITDA among Manufacturing - Apparel & Accessories companies is 9.76, based on 868 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. S.P. Apparels's current EV-to-EBITDA of 12.99 is 33.1% 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 S.P. Apparels. For the Manufacturing - Apparel & Accessories industry, the median EV-to-EBITDA is 9.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S.P. Apparels's current EV-to-EBITDA is 12.99, which is 67% above median its own 10-year median of 7.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S.P. Apparels stock overvalued right now?
Based on GuruFocus' analysis, S.P. Apparels (NSE:SPAL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹942.93, compared to a current price of ₹1,052.20 — trading 11.6% above its estimated fair value. The current EV-to-EBITDA is 12.99, which is 67% above median its 10-year median of 7.76 and 33.1% above the Manufacturing - Apparel & Accessories industry median of 9.76. S.P. Apparels' overall GF Score™ is 87/100 with 2 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 S.P. Apparels (NSE:SPAL), the current EV-to-EBITDA is 12.99 as of Aug. 06, 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 S.P. Apparels (NSE:SPAL) Overvalued in 2026?
Based on GuruFocus' analysis, S.P. Apparels stock appears to be overvalued.
The current stock price of ₹1,052.20 is trading 11.6% above its estimated GF Value™ of ₹942.93.
GuruFocus considers S.P. Apparels to be Modestly Overvalued.
Key valuation signals for NSE:SPAL:
EV-to-EBITDA: 12.99 (67% above median its 10-year median of 7.76)
GF Value™: ₹942.93 vs. price of ₹1,052.20 (11.6% above fair value)
Industry Position: 33.1% above the Manufacturing - Apparel & Accessories median (#546 of 868)
No single metric tells the full story. See the NSE:SPAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
S.P. Apparels Ltd is an India-based company engaged in the business of manufacturing and exporting knitted garments for infants and children. Geographically, it derives a majority of revenue from Outside India. Its product categories include the Garment division and Retail division. The company manufactures and retails menswear garments under the brand Crocodile.
87GF Score
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