AZREF (Azure Power Global) EV-to-EBIT : 13.64 (As of Jul. 18, 2025)

View and export this data going back to 2016. Start your Free Trial

What is Azure Power Global EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Azure Power Global's Enterprise Value is $1,426.4 Mil. Azure Power Global's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $104.5 Mil. Therefore, Azure Power Global's EV-to-EBIT for today is 13.64.

The historical rank and industry rank for Azure Power Global's EV-to-EBIT or its related term are showing as below:

AZREF' s EV-to-EBIT Range Over the Past 10 Years
Min: 12.5 Med: 17.23 Max: 70.32
Current: 13.64

During the past 11 years, the highest EV-to-EBIT of Azure Power Global was 70.32. The lowest was 12.50. And the median was 17.23.

AZREF's EV-to-EBIT is ranked better than
58.43% of 332 companies
in the Utilities - Independent Power Producers industry
Industry Median: 16.43 vs AZREF: 13.64

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Azure Power Global's Enterprise Value for the quarter that ended in Mar. 2024 was $1,527.4 Mil. Azure Power Global's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $104.5 Mil. Azure Power Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.84%.

Azure Power Global EV-to-EBIT Historical Data

The historical data trend for Azure Power Global's EV-to-EBIT 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.

* Premium members only.

Azure Power Global EV-to-EBIT Chart

Azure Power Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EV-to-EBIT

Get a 7-Day Free Trial

23.85

42.65

22.34

13.64

14.61

Azure Power Global Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
EV-to-EBIT	Get a 7-Day Free Trial						23.85	42.65	22.34	13.64	14.61

Competitive Comparison of Azure Power Global's EV-to-EBIT

For the Utilities - Renewable subindustry, Azure Power Global's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Azure Power Global's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Azure Power Global's EV-to-EBIT falls into.

Save Embed

;

Save Embed

;

Azure Power Global EV-to-EBIT Calculation

Azure Power Global's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	1426.375	/	104.539
	=	13.64

Azure Power Global's current Enterprise Value is $1,426.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Azure Power Global's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $104.5 Mil.

Azure Power Global (OTCPK:AZREF) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Azure Power Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2024 )	=	EBIT	/	Enterprise Value (Q: Mar. 2024 )
	=	104.539	/	1527.3808
	=	6.84 %

Azure Power Global's Enterprise Value for the quarter that ended in Mar. 2024 was $1,527.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Azure Power Global's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $104.5 Mil.

Azure Power Global EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Azure Power Global's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Azure Power Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Azure Power Global Ltd (OTCPK:AZREF) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

DLF Infinity, Tower A, 8th Floor, Phase II, Cyber City, Gurugram, HR, IND, 122002

Website

https://www.azurepower.com

Azure Power Global Ltd limited liability company incorporated in Mauritius. The company is a renewable energy developer and independent renewable power producer, and company's entire operates takes place in India itself. Company sell renewable power to customers in India on long term fixed price contracts, in many cases at prices at or below prevailing alternatives for customers. Company recognize revenue monthly from renewable energy sold to customers on a per kilowatt hour basis for the electricity supplied by the renewable power plants. It sells renewable energy based on terms in PPAs.