Oil & Natural Gas (NSE:ONGC) EV-to-FCF: (As of Jul. 07, 2026)


NSE:ONGC Oil & Natural Gas Corp Ltd NSE:ONGC
94 GF Score
Price ₹244.18
GF Value ₹270.56
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Oil & Natural Gas EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Oil & Natural Gas's Enterprise Value is ₹4,743,616 Mil. Oil & Natural Gas's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, Oil & Natural Gas's EV-to-FCF for today is .

The historical rank and industry rank for Oil & Natural Gas's EV-to-FCF or its related term are showing as below:

NSE:ONGC' s EV-to-FCF Range Over the Past 10 Years
Min: 0   Med: 0   Max: 7.94
Current: 7.94

During the past 13 years, the highest EV-to-FCF of Oil & Natural Gas was 7.94. The lowest was 0.00. And the median was 0.00.

NSE:ONGC's EV-to-FCF is ranked better than
74.39% of 578 companies
in the Oil & Gas industry
Industry Median: 15.435 vs NSE:ONGC: 7.94

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.

As of today (2026-07-07), Oil & Natural Gas's stock price is ₹244.18. Oil & Natural Gas's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹32.930. Therefore, Oil & Natural Gas's PE Ratio (TTM) for today is 7.42.


Oil & Natural Gas  (NSE:ONGC) EV-to-FCF Explanation

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.

Oil & Natural Gas's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=244.18/32.930
=7.42

Oil & Natural Gas's share price for today is ₹244.18.
Oil & Natural Gas'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 ₹32.930.

* 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.


Oil & Natural Gas EV-to-FCF Related Terms


Oil & Natural Gas EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Oil & Natural Gas'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.

Oil & Natural Gas EV-to-FCF Chart

Oil & Natural Gas Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.93 9.63 10.76 14.16 8.94

Oil & Natural Gas Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.16 0.00 0.00 0.00 8.94

NSE:ONGC vs XOM, CVX: EV-to-FCF Comparison

For the Oil & Gas Integrated subindustry, Oil & Natural Gas'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.


Oil & Natural Gas EV-to-FCF vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oil & Natural Gas's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Oil & Natural Gas's EV-to-FCF falls into.


NSE:ONGC
94GF Score
Oil & Natural Gas Corp Ltd NSE:ONGC
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oil & Natural Gas EV-to-FCF Calculation

Oil & Natural Gas's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=4743616.496/0
=

Oil & Natural Gas's current Enterprise Value is ₹4,743,616 Mil.
Oil & Natural Gas'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.

Is Oil & Natural Gas (NSE:ONGC) Overvalued in 2026?

Based on GuruFocus' analysis, Oil & Natural Gas stock appears to be undervalued. The current stock price of ₹244.18 is trading 9.8% below its estimated GF Value™ of ₹270.56. GuruFocus considers Oil & Natural Gas to be Modestly Undervalued.

Key valuation signals for NSE:ONGC:

  • EV-to-FCF:
  • GF Value™: ₹270.56 vs. price of ₹244.18 (9.8% below fair value)
  • GF Score™: 94/100 with 2 warning signs

No single metric tells the full story. See the NSE:ONGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oil & Natural Gas Business Description

Industry EnergyOil & Gas
Other Exchanges 500312:India
Address Nelson Mandela Marg, Plot No. 5A-5B, Vasant Kunj, New Delhi, IND, 110070
Oil & Natural Gas Corp Ltd is an Indian-based company. It engaged in the exploration, development, and production of crude oil, natural gas, and value-added products. Along with its subsidiaries, the company operates in the following business segments: Refining and Marketing, which derives maximum revenue, Exploration and Production, and Petrochemicals. Geographically, the group derives maximum revenue from India, from its offshore and onshore activities, and is also involved in exploration and production activities outside India.
94GF Score

Get the complete analysis for NSE:ONGC

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹244.18
Price
₹270.56
GF Value