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Usha MartinNSE:USHAMART -1.75%80 EV-to-EBITDA is 23.82 as of Jul. 31, 2026, which is 169% above its 10-year median of 8.87. GuruFocus rates NSE:USHAMART with a GF Score™ of 80/100 and a GF Value™ of ₹414.34 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 529 Steel companies, Usha Martin ranks worse than 79.77% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Usha Martin's enterprise value is ₹150,527 Mil.
Usha Martin's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹6,320 Mil. Therefore, Usha Martin's EV-to-EBITDA for today is 23.82.
The historical rank and industry rank for Usha Martin's EV-to-EBITDA or its related term are showing as below:
NSE:USHAMART'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 0.93 Med: 8.87 Max: 23.82
Current: 23.82
During the past 13 years, the highest EV-to-EBITDA of Usha Martin was 23.82. The lowest was 0.93. And the median was 8.87.
NSE:USHAMART's EV-to-EBITDA is ranked worse than 79.77% of 529
companies
in the Steel industry
Industry Median: 9.84
vs NSE:USHAMART: 23.82
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.
Usha Martin (NSE:USHAMART) 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.
Usha Martin's PE Ratio (TTM) for today is calculated as:
Usha Martin's share price for today is ₹502.40.
Usha Martin'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 ₹13.030.
* 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 Usha Martin'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:USHAMART vs NUE, STLD, RS: EV-to-EBITDA Comparison
For the Steel subindustry, Usha Martin'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.
Usha Martin EV-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, Usha Martin's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Usha Martin's EV-to-EBITDA falls into.
Usha Martin's current Enterprise Value is ₹150,527 Mil.
Usha Martin'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 ₹6,320 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.
Usha Martin (NSE:USHAMART) has a EV-to-EBITDA of 23.82 as of Jul. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Usha Martin. This is 169% above median its historical median of 8.87. Over the past decade, Usha Martin's EV-to-EBITDA has ranged from 0.93 to 23.82. According to the industry distribution chart, Usha Martin ranks #422 out of 529 companies in the Steel industry, placing it in the top 79.8%.
Is Usha Martin's EV-to-EBITDA too high?
Usha Martin's current EV-to-EBITDA of 23.82 is 169% above median its 10-year median of 8.87. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 23.82. The Steel industry median EV-to-EBITDA is 9.84. Usha Martin's value of 23.82 is 142.1% above this industry median. Based on the distribution chart, Usha Martin ranks #422 out of 529 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Usha Martin has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usha Martin's EV-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Usha Martin ranks #422 out of 529 companies for EV-to-EBITDA. This places Usha Martin in the lower half of its industry. The industry median EV-to-EBITDA is 9.84. Usha Martin's value of 23.82 is 142.1% above this benchmark. Historically, Usha Martin's own EV-to-EBITDA has ranged from 0.93 to 23.82 over the past decade. While the company's 10-year median is 8.87 vs. the industry median of 9.84, Usha Martin 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 9.84, 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. Usha Martin's current EV-to-EBITDA of 23.82 is 142.1% 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 Usha Martin. For the Steel industry, the median EV-to-EBITDA is 9.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usha Martin's current EV-to-EBITDA is 23.82, which is 169% above median its own 10-year median of 8.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usha Martin stock overvalued right now?
Based on GuruFocus' analysis, Usha Martin (NSE:USHAMART) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹414.34, compared to a current price of ₹502.40 — trading 21.3% above its estimated fair value. The current EV-to-EBITDA is 23.82, which is 169% above median its 10-year median of 8.87 and 142.1% above the Steel industry median of 9.84. Usha Martin's overall GF Score™ is 80/100 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 Usha Martin (NSE:USHAMART), the current EV-to-EBITDA is 23.82 as of Jul. 31, 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 Usha Martin (NSE:USHAMART) Overvalued in 2026?
Based on GuruFocus' analysis, Usha Martin stock appears to be overvalued.
The current stock price of ₹502.40 is trading 21.3% above its estimated GF Value™ of ₹414.34.
GuruFocus considers Usha Martin to be Modestly Overvalued.
Key valuation signals for NSE:USHAMART:
EV-to-EBITDA: 23.82 (169% above median its 10-year median of 8.87)
GF Value™: ₹414.34 vs. price of ₹502.40 (21.3% above fair value)
Industry Position: 142.1% above the Steel median (#422 of 529)
No single metric tells the full story. See the NSE:USHAMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Usha Martin Ltd is engaged in the business of the production of wire rope. The company's operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufactures and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its Others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India and also has its presence outside India.
80GF Score
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