NTPC Stock

NTPC EV/EBIT

The EV/EBIT (Enterprise Value to EBIT) of NTPC (NTPC.NS) as of Aug 6, 2026 is 9.29. In the previous year, EV/EBIT (Enterprise Value to EBIT) was 10.32 — a change of -9.95% (lower).

EV/EBIT

9.29

YoY

-9.95%

Last updated:

EV/EBIT (Enterprise Value to EBIT) of NTPC is 2026 9.29 . EV/EBIT (Enterprise Value to EBIT) of NTPC was 2025 10.32 . It decreases by -9.95% lower compared to the previous year.

The NTPC EV/EBIT history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

PRICE-TO-EBIT
Date
PRICE-TO-EBIT
Jan 1, 2019
6.50 base
Jan 1, 2020
4.43 base
Jan 1, 2021
6.54 base
Jan 1, 2022
6.21 base
Jan 1, 2023
8.91 base
Jan 1, 2024
9.48 base
Jan 1, 2025
8.44 base
Jan 1, 2026 (e)
7.42 base
YEARPRICE-TO-EBIT
2026 est 7.42
2025 8.44
2024 9.48
2023 8.91
2022 6.21
2021 6.54
2020 4.43
2019 6.50
2018 7.85
2017 9.45
2016 10.52
2015 9.99
2014 7.90
2013 7.83
2012 10.28
2011 12.91
2010 16.06
2009 23.36
2008 15.49
2007 25.42
2006 18.49
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NTPC Valuation

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides NTPC's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates NTPC's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots NTPC's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if NTPC grows earnings faster than its peers.

NTPC Stock analysis

What does NTPC do? NTPC Ltd - History, Business Model, and Divisions NTPC Limited, or simply NTPC, is one of the largest energy companies in India. It was founded in 1975 to improve the energy supply in the country by constructing and operating various power plants to meet the country's energy needs. However, the history of NTPC began much earlier. In the 1960s, the Indian government recognized the urgent need for a reliable power supply to drive economic development. As a result, the National Thermal Power Corporation (NTPC) was established to coordinate and finance the construction of power plants. How it works NTPC is a state-owned company that essentially produces and sells energy. It operates coal, gas, hydro, steam turbine, solar, and wind power plants in various parts of the country. Some of its most well-known power plants are Singrauli, Vindhyachal, Dadri, Kabirdham, and Nabinagar. Energy generation is done through a process known as combined heat and power (CHP). NTPC utilizes the waste heat from its power plants to generate steam, which is then used for electricity generation. This process helps to utilize energy more efficiently and minimize CO2 emissions. Products and services NTPC primarily produces electricity, but it also offers other products and services. For example, it sells fuels such as coal, gas, and diesel to other companies that produce energy or manufacture other products. Additionally, NTPC provides various services such as project management, operations and maintenance, consulting, and training for power plant operators and technicians. It also has a research and development center where it tests and develops various technologies for energy generation and management. Divisions NTPC is divided into several divisions to utilize different energy sources and technologies. The main divisions are: - Coal: This is NTPC's largest division, encompassing coal-fired power plants in various parts of India, accounting for nearly 70% of the company's total capacity. - Gas: NTPC also operates gas and steam turbine (GT) power plants. GT power plants have higher fuel efficiency and are ideal for peak load operation. - Hydro: NTPC has several hydroelectric power plants that produce clean and renewable energy. - Solar: NTPC has built and operates several solar and photovoltaic power plants in India. - Wind: NTPC has also built and operates multiple wind power plants in different parts of the country. Overall, NTPC is a key player in the energy market in India, contributing to improving the energy supply in the country. It operates multiple power plants and utilizes various energy sources to meet the country's energy demand. The company is also committed to using clean and renewable energy sources to minimize CO2 emissions and combat climate change. NTPC is one of the most popular companies on Eulerpool.

Frequently Asked Questions about NTPC stock

EV/EBIT (Enterprise Value to EBIT) of NTPC is 9.29 in 2026.

EV/EBIT (Enterprise Value to EBIT) of NTPC changed from 10.32 to 9.29, representing a -9.95% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EV/EBIT (Enterprise Value to EBIT) NTPC since 2006 – with annual values, charts, and detailed analysis.

The EV/EBIT ratio measures a company's enterprise value relative to its operating earnings. It accounts for debt, making it useful for comparing companies with different capital structures.

EV/EBIT = Enterprise Value / Earnings Before Interest and Taxes

To evaluate EV/EBIT (Enterprise Value to EBIT)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBIT (Enterprise Value to EBIT).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBIT (Enterprise Value to EBIT)'s NTPC with sector peers and the industry average to assess whether it is attractive.

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Valuation — NTPC

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