Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Bharat Electronics's Enterprise Value is ₹2,969,375 Mil.
Bharat Electronics's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹80,597 Mil. Therefore, Bharat Electronics's EV-to-EBIT ratio for today is 36.84.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Bharat Electronics's Enterprise Value is ₹2,969,375 Mil.
Bharat Electronics's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₹86,154 Mil. Therefore, Bharat Electronics's EV-to-EBITDA ratio for today is 34.47.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Bharat Electronics's Enterprise Value is ₹2,969,375 Mil.
Bharat Electronics's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₹276,101 Mil. Therefore, Bharat Electronics's EV-to-Revenue ratio for today is 10.75.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Bharat Electronics (NSE:BEL) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Bharat Electronics's current Enterprise Value is ₹2,969,375 Mil.
Bharat Electronics's EBIT 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 ₹80,597 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Bharat Electronics's current Enterprise Value is ₹2,969,375 Mil.
Bharat Electronics'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 ₹86,154 Mil.
Bharat Electronics's current Enterprise Value is ₹2,969,375 Mil.
Bharat Electronics's Revenue 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 ₹276,101 Mil.
Bharat Electronics's current Enterprise Value is ₹2,969,375 Mil.
Bharat Electronics's Cash Flow from Operations 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 ₹0 Mil.
Bharat Electronics's current Enterprise Value is ₹2,969,375 Mil.
Bharat Electronics's Free Cash Flow 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 ₹0 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.
Bharat Electronics Enterprise Value Related Terms
Bharat Electronics Enterprise Value Historical Data
* Premium members only.
The historical data trend for Bharat Electronics's Enterprise Value 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:BEL vs SPCX, GE, RTX: Enterprise Value Comparison
For the Aerospace & Defense subindustry, Bharat Electronics's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Bharat Electronics Enterprise Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Bharat Electronics's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Bharat Electronics's Enterprise Value for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
What does a Enterprise Value of ₹2,969,375 Mil mean?
Bharat Electronics (NSE:BEL) has a Enterprise Value of ₹2,969,375 Mil as of Jul. 05, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Bharat Electronics and its competitors.
Is Bharat Electronics' Enterprise Value too high?
Bharat Electronics' current Enterprise Value is ₹2,969,375 Mil. Overall, Bharat Electronics has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Electronics' Enterprise Value compare to SPCX and GE?
Bharat Electronics' Enterprise Value of ₹2,969,375 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Aerospace & Defense company?
A good Enterprise Value depends on the Aerospace & Defense industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Bharat Electronics and its competitors. Bharat Electronics's current Enterprise Value is ₹2,969,375 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Electronics stock overvalued right now?
Based on GuruFocus' analysis, Bharat Electronics (NSE:BEL) is currently considered Fairly Valued. The stock's GF Value™ is ₹396.03, compared to a current price of ₹418.05 — trading 5.6% above its estimated fair value. The current Enterprise Value is ₹2,969,375 Mil. Bharat Electronics' overall GF Score™ is 97/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Bharat Electronics (NSE:BEL), the current Enterprise Value is ₹2,969,375 Mil as of Jul. 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 Bharat Electronics (NSE:BEL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Electronics stock appears to be overvalued.
The current stock price of ₹418.05 is trading 5.6% above its estimated GF Value™ of ₹396.03.
GuruFocus considers Bharat Electronics to be Fairly Valued.
Key valuation signals for NSE:BEL:
Enterprise Value: ₹2,969,375 Mil
GF Value™: ₹396.03 vs. price of ₹418.05 (5.6% above fair value)
No single metric tells the full story. See the NSE:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Electronics Ltd is an aerospace and defense company predominantly owned by the Indian government. It manufactures a wide range of specialized electronics and equipment for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. Its product portfolio includes unmanned systems, land-based radars, batteries, weapon systems, fuzes, simulators, and jammers, among others. It also provides cybersecurity and software products. A majority of the company's revenue is derived from the defense sector. Geographically, the company's key revenue is derived from India, and it also has international customers from countries like the United Kingdom, Israel, and others.
97GF Score
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