Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Oil & Natural Gas's share price for the quarter that ended in Mar. 2026 was ₹284.65. Oil & Natural Gas's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 12,580 Mil. Therefore, Oil & Natural Gas's market cap for the quarter that ended in Mar. 2026 was ₹3,580,976 Mil.
Oil & Natural Gas's quarterly market cap
increased
from Sep. 2025 (₹3,012,977 Mil) to Dec. 2025 (₹3,024,047 Mil) and
increased
from Dec. 2025 (₹3,024,047 Mil) to Mar. 2026 (₹3,580,976 Mil).
Oil & Natural Gas's annual market cap
declined
from Mar. 2024 (₹3,372,144 Mil) to Mar. 2025 (₹3,099,529 Mil) but then
increased
from Mar. 2025 (₹3,099,529 Mil) to Mar. 2026 (₹3,580,976 Mil).
Enterprise Value is 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 and cash equivalents. Oil & Natural Gas's Enterprise Value for Today is ₹4,625,362 Mil.
Oil & Natural Gas (NSE:ONGC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Oil & Natural Gas Market Cap Related Terms
Oil & Natural Gas Market Cap Historical Data
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The historical data trend for Oil & Natural Gas's Market Cap 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 Oil & Gas Integrated subindustry, Oil & Natural Gas's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil & Natural Gas's Market Cap distribution charts can be found below:
* The bar in red indicates where Oil & Natural Gas's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Oil & Natural Gas's Market Cap 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.
Oil & Natural Gas (NSE:ONGC) has a Market Cap of ₹2,954,479 Mil as of Jul. 01, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Oil & Natural Gas and its competitors. According to the industry distribution chart, Oil & Natural Gas ranks #44 out of 1044 companies in the Oil & Gas industry, placing it in the top 4.2%.
Is Oil & Natural Gas' Market Cap too high?
Oil & Natural Gas' current Market Cap is ₹2,954,479 Mil. Based on the distribution chart, Oil & Natural Gas ranks #44 out of 1044 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Oil & Natural Gas has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oil & Natural Gas' Market Cap compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Oil & Natural Gas ranks #44 out of 1044 companies for Market Cap. This places Oil & Natural Gas in the top 4% of its industry — outperforming the majority of peers. The industry median Market Cap is 211.17. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 211.17, based on 1,044 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Oil & Natural Gas and its competitors. For the Oil & Gas industry, the median Market Cap is 211.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil & Natural Gas's current Market Cap is ₹2,954,479 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil & Natural Gas stock overvalued right now?
Based on GuruFocus' analysis, Oil & Natural Gas (NSE:ONGC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹269.48, compared to a current price of ₹234.90 — trading 12.8% below its estimated fair value. The current Market Cap is ₹2,954,479 Mil. Oil & Natural Gas' overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Oil & Natural Gas (NSE:ONGC), the current Market Cap is ₹2,954,479 Mil as of Jul. 01, 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 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 ₹234.90 is trading 12.8% below its estimated GF Value™ of ₹269.48.
GuruFocus considers Oil & Natural Gas to be Modestly Undervalued.
Key valuation signals for NSE:ONGC:
Market Cap: ₹2,954,479 Mil
GF Value™: ₹269.48 vs. price of ₹234.90 (12.8% below fair value)
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 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.
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