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ONGC Valuation Multiples
Discover revenue and EBITDA valuation multiples for ONGC and similar public comparables like Huadian New Energy Group, EQT Corporation, Adani Power, NRG Energy and more.
ONGC Overview
About ONGC
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.
Founded
1993
HQ
Employees
30.0K
Website
Sectors
Financials (LTM)
EV
$51B
ONGC Financials
ONGC reported last 12-month revenue of $68B and EBITDA of $12B.
In the same LTM period, ONGC generated $19B in gross profit, $12B in EBITDA, and $5B in net income.
Revenue (LTM)
ONGC P&L
In the most recent fiscal year, ONGC reported revenue of $77B and EBITDA of $11B.
ONGC expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $68B | XXX | $77B | XXX | XXX | XXX |
| Gross Profit | $19B | XXX | $14B | XXX | XXX | XXX |
| Gross Margin | 27% | XXX | 18% | XXX | XXX | XXX |
| EBITDA | $12B | XXX | $11B | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $5B | XXX | $4B | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $16B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ONGC Stock Performance
ONGC has current market cap of $38B, and enterprise value of $51B.
Market Cap Evolution
ONGC's stock price is $3.03.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $51B | $38B | -1.9% | XXX | XXX | XXX | $0.36 |
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Start Free TrialONGC Valuation Multiples
ONGC trades at 0.7x EV/Revenue multiple, and 4.4x EV/EBITDA.
EV / Revenue (LTM)
ONGC Financial Valuation Multiples
As of April 17, 2026, ONGC has market cap of $38B and EV of $51B.
Equity research analysts estimate ONGC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ONGC has a P/E ratio of 8.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $38B | XXX | $38B | XXX | XXX | XXX |
| EV (current) | $51B | XXX | $51B | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 4.4x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBIT | 7.9x | XXX | 7.4x | XXX | XXX | XXX |
| EV/Gross Profit | 2.7x | XXX | 3.7x | XXX | XXX | XXX |
| P/E | 8.0x | XXX | 8.5x | XXX | XXX | XXX |
| EV/FCF | 11.5x | XXX | 13.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ONGC 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.
ONGC Margins & Growth Rates
ONGC's revenue in the last 12 month grew by 10%.
ONGC's revenue per employee in the last FY averaged $2.6M, while opex per employee averaged $0.2M for the same period.
ONGC's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ONGC's rule of X is 39% (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).
ONGC Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | (12%) | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ONGC Public Comps
See public comps and valuation multiples for other Oil & Gas and Energy Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| ONGC | XXX | XXX | XXX | XXX | XXX | XXX |
| Huadian New Energy Group | XXX | XXX | XXX | XXX | XXX | XXX |
| EQT Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| Adani Power | XXX | XXX | XXX | XXX | XXX | XXX |
| NRG Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| NTPC | 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.
ONGC M&A Activity
ONGC acquired XXX companies to date.
Last acquisition by ONGC was on XXXXXXXX, XXXXX. ONGC acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ONGC
| 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 TrialONGC Investment Activity
ONGC invested in XXX companies to date.
ONGC made its latest investment on XXXXXXXX, XXXXX. ONGC invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ONGC
| 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 ONGC
| When was ONGC founded? | ONGC was founded in 1993. |
| Where is ONGC headquartered? | ONGC is headquartered in India. |
| How many employees does ONGC have? | As of today, ONGC has over 30K employees. |
| Who is the CEO of ONGC? | ONGC's CEO is Arun Kumar Singh. |
| Is ONGC publicly listed? | Yes, ONGC is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of ONGC? | ONGC trades under ONGC ticker. |
| When did ONGC go public? | ONGC went public in 1995. |
| Who are competitors of ONGC? | ONGC main competitors are Huadian New Energy Group, EQT Corporation, Adani Power, NRG Energy. |
| What is the current market cap of ONGC? | ONGC's current market cap is $38B. |
| What is the current revenue of ONGC? | ONGC's last 12 months revenue is $68B. |
| What is the current revenue growth of ONGC? | ONGC revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of ONGC? | Current revenue multiple of ONGC is 0.7x. |
| Is ONGC profitable? | Yes, ONGC is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of ONGC? | ONGC's last 12 months EBITDA is $12B. |
| What is ONGC's EBITDA margin? | ONGC's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of ONGC? | Current EBITDA multiple of ONGC is 4.4x. |
| What is the current FCF of ONGC? | ONGC's last 12 months FCF is $4B. |
| What is ONGC's FCF margin? | ONGC's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of ONGC? | Current FCF multiple of ONGC is 11.5x. |
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