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.
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.
Tech MahindraNSE:TECHM -0.51%87 EV-to-EBITDA is 14.51 as of Aug. 23, 2026, which is 41% above its 10-year median of 10.29. GuruFocus rates NSE:TECHM with a GF Score™ of 87/100 and a GF Value™ of ₹1,633.44 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,968 Software companies, Tech Mahindra ranks worse than 62.7% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Tech Mahindra's enterprise value is ₹1,344,644 Mil.
Tech Mahindra's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹92,699 Mil. Therefore, Tech Mahindra's EV-to-EBITDA for today is 14.51.
The historical rank and industry rank for Tech Mahindra's EV-to-EBITDA or its related term are showing as below:
NSE:TECHM'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.14 Med: 10.29 Max: 26.19
Current: 14.51
During the past 13 years, the highest EV-to-EBITDA of Tech Mahindra was 26.19. The lowest was 5.14. And the median was 10.29.
NSE:TECHM's EV-to-EBITDA is ranked worse than 62.7% of 1968
companies
in the Software industry
Industry Median: 10.335
vs NSE:TECHM: 14.51
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.
Tech Mahindra's PE Ratio (TTM) for today is calculated as:
Tech Mahindra's share price for today is ₹1584.00.
Tech Mahindra'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 ₹57.840.
* 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 Tech Mahindra'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:TECHM vs IBM, ACN, FISV: EV-to-EBITDA Comparison
For the Information Technology Services subindustry, Tech Mahindra'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.
Tech Mahindra EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Tech Mahindra's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tech Mahindra's EV-to-EBITDA falls into.
Tech Mahindra's current Enterprise Value is ₹1,344,644 Mil.
Tech Mahindra'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 ₹92,699 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.
Tech Mahindra (NSE:TECHM) has a EV-to-EBITDA of 14.51 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 Tech Mahindra. This is 41% above median its historical median of 10.29. Over the past decade, Tech Mahindra's EV-to-EBITDA has ranged from 5.14 to 26.19. According to the industry distribution chart, Tech Mahindra ranks #1234 out of 1968 companies in the Software industry, placing it in the top 62.7%.
Is Tech Mahindra's EV-to-EBITDA too high?
Tech Mahindra's current EV-to-EBITDA of 14.51 is 41% above median its 10-year median of 10.29. Over the past 10 years, this metric has ranged from a low of 5.14 to a high of 26.19. The Software industry median EV-to-EBITDA is 10.34. Tech Mahindra's value of 14.51 is 40.4% above this industry median. Based on the distribution chart, Tech Mahindra ranks #1234 out of 1968 companies in the Software industry, which is below the industry midpoint. Overall, Tech Mahindra has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tech Mahindra's EV-to-EBITDA compare to IBM and ACN?
According to the Software industry distribution chart, Tech Mahindra ranks #1234 out of 1968 companies for EV-to-EBITDA. This places Tech Mahindra in the lower half of its industry. The industry median EV-to-EBITDA is 10.34. Tech Mahindra's value of 14.51 is 40.4% above this benchmark. Historically, Tech Mahindra's own EV-to-EBITDA has ranged from 5.14 to 26.19 over the past decade. While the company's 10-year median is 10.29 vs. the industry median of 10.34, Tech Mahindra 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 Software company?
The median EV-to-EBITDA among Software companies is 10.34, based on 1,968 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. Tech Mahindra's current EV-to-EBITDA of 14.51 is 40.4% 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 Tech Mahindra. For the Software industry, the median EV-to-EBITDA is 10.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tech Mahindra's current EV-to-EBITDA is 14.51, which is 41% above median its own 10-year median of 10.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tech Mahindra stock overvalued right now?
Based on GuruFocus' analysis, Tech Mahindra (NSE:TECHM) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,633.44, compared to a current price of ₹1,584.00 — trading 3% below its estimated fair value. The current EV-to-EBITDA is 14.51, which is 41% above median its 10-year median of 10.29 and 40.4% above the Software industry median of 10.34. Tech Mahindra's overall GF Score™ is 87/100 with 4 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 Tech Mahindra (NSE:TECHM), the current EV-to-EBITDA is 14.51 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 Tech Mahindra (NSE:TECHM) Overvalued in 2026?
Based on GuruFocus' analysis, Tech Mahindra stock appears to be undervalued.
The current stock price of ₹1,584.00 is trading 3% below its estimated GF Value™ of ₹1,633.44.
GuruFocus considers Tech Mahindra to be Fairly Valued.
Key valuation signals for NSE:TECHM:
EV-to-EBITDA: 14.51 (41% above median its 10-year median of 10.29)
GF Value™: ₹1,633.44 vs. price of ₹1,584.00 (3% below fair value)
Industry Position: 40.4% above the Software median (#1234 of 1968)
No single metric tells the full story. See the NSE:TECHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tech Mahindra Ltd is an IT services and consulting company in India. It offers a variety of technology solutions and services in addition to business process services. Its segments are Information Technology and Business Process Services. The technology solutions include helping companies engage in cloud software, mobile solutions, network services, cybersecurity, and a variety of other options. The business process service is offered across various industries including telecom, financial services, retail, energy, hospitality, high-tech, agriculture, and food beverage. The company generates the majority of its revenue from Communications & Media & Entertainment Industry. Geographically the company generates the majority of its revenue from the Americas.
87GF Score
Get the complete analysis for NSE:TECHM
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:TECHM has been successfully added to your 
