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Bharti Airtel Valuation Multiples
Discover revenue and EBITDA valuation multiples for Bharti Airtel and similar public comparables like Equinix, Comcast, American Tower, SoftBank Group and more.
Bharti Airtel Overview
About Bharti Airtel
Bharti Airtel Ltd is a telecommunications company. The company's segments include Mobile Services India, Mobile Services Africa, Mobile Services South Asia, Airtel Business, Passive Infrastructure Services, Homes Services, Digital TV Services, and others. It generates maximum revenue from the Mobile Services India segment. Mobile Services India services cover voice and data telecom services provided through wireless technology (2G /3G/4G) in India. It includes the captive national long-distance networks, which provide connectivity to the mobile services business in India. It also includes intra-city fibre networks.
Founded
1995
HQ
Employees
94.2K
Website
Financials (LTM)
EV
$138B
Bharti Airtel Financials
Bharti Airtel reported last 12-month revenue of $23B and EBITDA of $13B.
In the same LTM period, Bharti Airtel generated $16B in gross profit, $13B in EBITDA, and $3B in net income.
Revenue (LTM)
Bharti Airtel P&L
In the most recent fiscal year, Bharti Airtel reported revenue of $20B and EBITDA of $11B.
Bharti Airtel expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $23B | XXX | $20B | XXX | XXX | XXX |
| Gross Profit | $16B | XXX | $13B | XXX | XXX | XXX |
| Gross Margin | 70% | XXX | 62% | XXX | XXX | XXX |
| EBITDA | $13B | XXX | $11B | XXX | XXX | XXX |
| EBITDA Margin | 57% | XXX | 55% | XXX | XXX | XXX |
| EBIT Margin | 32% | XXX | 28% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $4B | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 19% | XXX | XXX | XXX |
| Net Debt | — | — | $15B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Bharti Airtel Stock Performance
Bharti Airtel has current market cap of $121B, and enterprise value of $138B.
Market Cap Evolution
Bharti Airtel's stock price is $19.94.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $138B | $121B | 0.5% | XXX | XXX | XXX | $0.65 |
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Start Free TrialBharti Airtel Valuation Multiples
Bharti Airtel trades at 6.1x EV/Revenue multiple, and 10.7x EV/EBITDA.
EV / Revenue (LTM)
Bharti Airtel Financial Valuation Multiples
As of April 19, 2026, Bharti Airtel has market cap of $121B and EV of $138B.
Equity research analysts estimate Bharti Airtel's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bharti Airtel has a P/E ratio of 38.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $121B | XXX | $121B | XXX | XXX | XXX |
| EV (current) | $138B | XXX | $138B | XXX | XXX | XXX |
| EV/Revenue | 6.1x | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBITDA | 10.7x | XXX | 12.5x | XXX | XXX | XXX |
| EV/EBIT | 18.8x | XXX | 24.1x | XXX | XXX | XXX |
| EV/Gross Profit | 8.6x | XXX | 11.0x | XXX | XXX | XXX |
| P/E | 38.0x | XXX | 30.9x | XXX | XXX | XXX |
| EV/FCF | 23.0x | XXX | 21.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Bharti Airtel Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Bharti Airtel Margins & Growth Rates
Bharti Airtel's revenue in the last 12 month grew by 13%.
Bharti Airtel's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Bharti Airtel's rule of 40 is 73% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Bharti Airtel's rule of X is 95% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Bharti Airtel Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | 57% | XXX | 55% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | 17% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 73% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 95% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 36% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Bharti Airtel Public Comps
See public comps and valuation multiples for other Telecom Infrastructure and Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Bharti Airtel | XXX | XXX | XXX | XXX | XXX | XXX |
| Equinix | XXX | XXX | XXX | XXX | XXX | XXX |
| Comcast | XXX | XXX | XXX | XXX | XXX | XXX |
| American Tower | XXX | XXX | XXX | XXX | XXX | XXX |
| SoftBank Group | XXX | XXX | XXX | XXX | XXX | XXX |
| NTT Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Bharti Airtel M&A Activity
Bharti Airtel acquired XXX companies to date.
Last acquisition by Bharti Airtel was on XXXXXXXX, XXXXX. Bharti Airtel acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Bharti Airtel
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBharti Airtel Investment Activity
Bharti Airtel invested in XXX companies to date.
Bharti Airtel made its latest investment on XXXXXXXX, XXXXX. Bharti Airtel invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Bharti Airtel
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Bharti Airtel
| When was Bharti Airtel founded? | Bharti Airtel was founded in 1995. |
| Where is Bharti Airtel headquartered? | Bharti Airtel is headquartered in India. |
| How many employees does Bharti Airtel have? | As of today, Bharti Airtel has over 94K employees. |
| Is Bharti Airtel publicly listed? | Yes, Bharti Airtel is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Bharti Airtel? | Bharti Airtel trades under BHARTIARTL ticker. |
| When did Bharti Airtel go public? | Bharti Airtel went public in 2002. |
| Who are competitors of Bharti Airtel? | Bharti Airtel main competitors are Equinix, Comcast, American Tower, SoftBank Group. |
| What is the current market cap of Bharti Airtel? | Bharti Airtel's current market cap is $121B. |
| What is the current revenue of Bharti Airtel? | Bharti Airtel's last 12 months revenue is $23B. |
| What is the current revenue growth of Bharti Airtel? | Bharti Airtel revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Bharti Airtel? | Current revenue multiple of Bharti Airtel is 6.1x. |
| Is Bharti Airtel profitable? | Yes, Bharti Airtel is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Bharti Airtel? | Bharti Airtel's last 12 months EBITDA is $13B. |
| What is Bharti Airtel's EBITDA margin? | Bharti Airtel's last 12 months EBITDA margin is 57%. |
| What is the current EV/EBITDA multiple of Bharti Airtel? | Current EBITDA multiple of Bharti Airtel is 10.7x. |
| What is the current FCF of Bharti Airtel? | Bharti Airtel's last 12 months FCF is $6B. |
| What is Bharti Airtel's FCF margin? | Bharti Airtel's last 12 months FCF margin is 26%. |
| What is the current EV/FCF multiple of Bharti Airtel? | Current FCF multiple of Bharti Airtel is 23.0x. |
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