Is It Cheap? · Intermediate · Pro filter
EV / sales: what it means and how to read it
Enterprise value ÷ yearly sales. Like price / sales, but it counts debt and cash too.
What is EV / sales?
Enterprise value ÷ yearly sales. Like price / sales, but it counts debt and cash too.
A worked example
Two companies each have a ₹5,000 Cr market cap and ₹2,500 Cr sales. One owes ₹2,500 Cr: its EV/sales is 3, the debt-free one's is 2.
Why does EV / sales matter?
Fairer when companies carry very different amounts of debt.
How do you read EV / sales?
Lower is cheaper.
Lower is usually better.
What is a typical EV / sales in India today?
The median across the 4120 listed companies that report it, as of 13 Oct 2026. Half sit above each figure and half below.
By company size
Median
Large Cap · 71 companies3.78
Mid Cap · 118 companies4.49
Small Cap · 3931 companies1.64
By industry
Median, largest industries first
Pharmaceuticals · 1842.84
Computers - Software & Consulting · 552.21
Refineries & Marketing · 80.38
Power Generation · 293.50
Heavy Electrical Equipment · 433.68
Auto Components & Equipments · 1101.61
Cement & Cement Products · 321.74
Civil Construction · 1101.16
Aerospace & Defense · 3110.69
2/3 Wheelers · 93.57
Compare a company with its own industry before the whole market. Every industry, and each company's rank within it, is in the screener.