Bharat Electronics Ltd
NSE:BEL

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Bharat Electronics Ltd
NSE:BEL
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Price: 402.35 INR -1.71% Market Closed
Market Cap: 2.9T INR

Relative Value

The Relative Value of one BEL stock under the Base Case scenario is 413.71 INR. Compared to the current market price of 402.35 INR, Bharat Electronics Ltd is Undervalued by 3%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

BEL Relative Value
Base Case
413.71 INR
Undervaluation 3%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

BEL Competitors Multiples
Bharat Electronics Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
IN
Bharat Electronics Ltd
NSE:BEL
2.9T INR 11.7 51.6 38.5 41.2
US
RTX Corp
LSE:0R2N
269.6B USD 3.1 40.3 23 34.6
US
Raytheon Technologies Corp
NYSE:RTX
263.3B USD 3.1 39.9 22.8 34.3
NL
Airbus SE
PAR:AIR
163.7B EUR 2.3 32.2 19 28.9
US
Boeing Co
NYSE:BA
189.2B USD 2.3 -18.6 -32.4 -25
FR
Safran SA
PAR:SAF
132.6B EUR 4.5 30.5 22.1 28.9
UK
Rolls-Royce Holdings PLC
LSE:RR
107.2B GBP 0.1 0.2 -0 -0
US
Lockheed Martin Corp
NYSE:LMT
132.5B USD 1.8 31.5 19.1 24.3
DE
Rheinmetall AG
XETRA:RHM
86.9B EUR 7.9 103 44.6 59.2
US
General Dynamics Corp
NYSE:GD
97B USD 1.9 23 16.7 19.5
US
Northrop Grumman Corp
NYSE:NOC
93.9B USD 2.3 23.4 19.2 26.1
P/E Multiple
Earnings Growth PEG
IN
Bharat Electronics Ltd
NSE:BEL
Average P/E: 37.6
51.6
16%
3.2
US
RTX Corp
LSE:0R2N
40.3
28%
1.4
US
Raytheon Technologies Corp
NYSE:RTX
39.9
29%
1.4
NL
Airbus SE
PAR:AIR
32.2
22%
1.5
US
Boeing Co
NYSE:BA
Negative Multiple: -18.6 N/A N/A
FR
Safran SA
PAR:SAF
30.5
N/A N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
0.2
8%
0
US
Lockheed Martin Corp
NYSE:LMT
31.5
11%
2.9
DE
Rheinmetall AG
XETRA:RHM
103
60%
1.7
US
General Dynamics Corp
NYSE:GD
23
12%
1.9
US
Northrop Grumman Corp
NYSE:NOC
23.4
3%
7.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
Bharat Electronics Ltd
NSE:BEL
Average EV/EBITDA: 25
38.5
16%
2.4
US
RTX Corp
LSE:0R2N
23
18%
1.3
US
Raytheon Technologies Corp
NYSE:RTX
22.8
18%
1.3
NL
Airbus SE
PAR:AIR
19
19%
1
US
Boeing Co
NYSE:BA
Negative Multiple: -32.4 N/A N/A
FR
Safran SA
PAR:SAF
22.1
16%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
Negative Multiple: -0
17%
N/A
US
Lockheed Martin Corp
NYSE:LMT
19.1
10%
1.9
DE
Rheinmetall AG
XETRA:RHM
44.6
41%
1.1
US
General Dynamics Corp
NYSE:GD
16.7
10%
1.7
US
Northrop Grumman Corp
NYSE:NOC
19.2
6%
3.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
Bharat Electronics Ltd
NSE:BEL
Average EV/EBIT: 33
41.2
16%
2.6
US
RTX Corp
LSE:0R2N
34.6
31%
1.1
US
Raytheon Technologies Corp
NYSE:RTX
34.3
31%
1.1
NL
Airbus SE
PAR:AIR
28.9
26%
1.1
US
Boeing Co
NYSE:BA
Negative Multiple: -25 N/A N/A
FR
Safran SA
PAR:SAF
28.9
20%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
Negative Multiple: -0
21%
N/A
US
Lockheed Martin Corp
NYSE:LMT
24.3
12%
2
DE
Rheinmetall AG
XETRA:RHM
59.2
45%
1.3
US
General Dynamics Corp
NYSE:GD
19.5
11%
1.8
US
Northrop Grumman Corp
NYSE:NOC
26.1
7%
3.7