Millat TractorsKAR:MTL +0.07%78 EV-to-FCF is 18.10 as of Jul. 11, 2026, which is 177% above its 10-year median of 6.53. GuruFocus rates KAR:MTL with a GF Score™ of 78/100 and a GF Value™ of ₨211.53 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 133 Farm & Heavy Construction Machinery companies, Millat Tractors ranks worse than 50.38% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Millat Tractors's Enterprise Value is ₨250,012 Mil.
Millat Tractors's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₨13,816 Mil. Therefore, Millat Tractors's EV-to-FCF for today is 18.10.
The historical rank and industry rank for Millat Tractors's EV-to-FCF or its related term are showing as below:
KAR:MTL'
s EV-to-FCF Range Over the Past 10 Years
Min: -485.9 Med: 6.53 Max: 627.83
Current: 18.08
During the past 13 years, the highest EV-to-FCF of Millat Tractors was 627.83. The lowest was -485.90. And the median was 6.53.
KAR:MTL's EV-to-FCF is ranked worse than 50.38% of 133
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 17.97
vs KAR:MTL: 18.08
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Millat Tractors's PE Ratio (TTM) for today is calculated as:
Millat Tractors's share price for today is ₨298.67.
Millat Tractors'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 ₨18.639.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Millat Tractors EV-to-FCF Related Terms
Millat Tractors EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Millat Tractors's EV-to-FCF 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.
For the Farm & Heavy Construction Machinery subindustry, Millat Tractors's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Millat Tractors EV-to-FCF vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Millat Tractors's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Millat Tractors's EV-to-FCF falls into.
Millat Tractors's current Enterprise Value is ₨250,012 Mil.
Millat Tractors'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 ₨13,816 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.
Millat Tractors (KAR:MTL) has a EV-to-FCF of 18.10 as of Jul. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Millat Tractors and its competitors. This is 177% above median its historical median of 6.53. According to the industry distribution chart, Millat Tractors ranks #67 out of 133 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 50.4%.
Is Millat Tractors' EV-to-FCF too high?
Millat Tractors' current EV-to-FCF of 18.10 is 177% above median its 10-year median of 6.53. The Farm & Heavy Construction Machinery industry median EV-to-FCF is 17.97. Millat Tractors' value of 18.10 is 0.7% above this industry median. Based on the distribution chart, Millat Tractors ranks #67 out of 133 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Millat Tractors has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' EV-to-FCF compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Millat Tractors ranks #67 out of 133 companies for EV-to-FCF. This places Millat Tractors in the lower half of its industry. The industry median EV-to-FCF is 17.97. Millat Tractors' value of 18.10 is 0.7% above this benchmark. While the company's 10-year median is 6.53 vs. the industry median of 17.97, Millat Tractors 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-FCF for a Farm & Heavy Construction Machinery company?
The median EV-to-FCF among Farm & Heavy Construction Machinery companies is 17.97, based on 133 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millat Tractors's current EV-to-FCF of 18.10 is 0.7% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Millat Tractors and its competitors. For the Farm & Heavy Construction Machinery industry, the median EV-to-FCF is 17.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millat Tractors's current EV-to-FCF is 18.10, which is 177% above median its own 10-year median of 6.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millat Tractors stock overvalued right now?
Based on GuruFocus' analysis, Millat Tractors (KAR:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨211.53, compared to a current price of ₨298.67 — trading 41.2% above its estimated fair value. The current EV-to-FCF is 18.10, which is 177% above median its 10-year median of 6.53 and 0.7% above the Farm & Heavy Construction Machinery industry median of 17.97. Millat Tractors' overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Millat Tractors (KAR:MTL), the current EV-to-FCF is 18.10 as of Jul. 11, 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 Millat Tractors (KAR:MTL) Overvalued in 2026?
Based on GuruFocus' analysis, Millat Tractors stock appears to be overvalued.
The current stock price of ₨298.67 is trading 41.2% above its estimated GF Value™ of ₨211.53.
GuruFocus considers Millat Tractors to be Significantly Overvalued.
Key valuation signals for KAR:MTL:
EV-to-FCF: 18.10 (177% above median its 10-year median of 6.53)
GF Value™: ₨211.53 vs. price of ₨298.67 (41.2% above fair value)
Industry Position: 0.7% above the Farm & Heavy Construction Machinery median (#67 of 133)
No single metric tells the full story. See the KAR:MTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing of agricultural tractors, implements and multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.
78GF Score
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