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Tata Consultancy Services Ltd
NSE:TCS

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Tata Consultancy Services Ltd
NSE:TCS
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Price: 2 394.3 INR -5.06% Market Closed
Market Cap: ₹8.7T

EV/S

3.1
Current
39%
Cheaper
vs 3-y average of 5.1

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
3.1
=
Enterprise Value
₹8.9T
/
Revenue
₹2.7T

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
3.1
=
Enterprise Value
₹8.9T
/
Revenue
₹2.7T

Valuation Scenarios

Tata Consultancy Services Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (5.1), the stock would be worth ₹3 899.74 (63% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-8%
Maximum Upside
+78%
Average Upside
35%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 3.1 ₹2 394.3
0%
3-Year Average 5.1 ₹3 899.74
+63%
5-Year Average 5.6 ₹4 264.05
+78%
Industry Average 3.4 ₹2 609.51
+9%
Country Average 2.9 ₹2 201.48
-8%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
₹8.9T
/
Apr 2026
₹2.7T
=
3.1
Current
₹8.9T
/
Mar 2027
₹2.9T
=
3
Forward
₹8.9T
/
Mar 2028
₹3.1T
=
2.9
Forward
₹8.9T
/
Mar 2029
₹3.3T
=
2.7
Forward
₹8.9T
/
Mar 2030
₹3.4T
=
2.6
Forward
₹8.9T
/
Mar 2031
₹3.5T
=
2.5
Forward
₹8.9T
/
Mar 2032
₹3.8T
=
2.4
Forward
₹8.9T
/
Mar 2033
₹3.9T
=
2.2
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
IN
Tata Consultancy Services Ltd
NSE:TCS
9.1T INR 3.1 18
US
International Business Machines Corp
NYSE:IBM
217.6B USD 3.8 20.2
JP
BrainPad Inc
TSE:3655
20.9T JPY 4.5 551.4
IE
Accenture PLC
NYSE:ACN
109.7B USD 1.5 14.3
IN
Infosys Ltd
NSE:INFY
5T INR 2.6 16.9
JP
Fujitsu Ltd
TSE:6702
6.5T JPY 1.7 13.7
JP
NEC Corp
TSE:6701
6T JPY 1.7 24.5
IN
HCL Technologies Ltd
NSE:HCLTECH
3.4T INR 2.3 20.1
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 1.5 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY 1.5 39.1
US
Cognizant Technology Solutions Corp
NASDAQ:CTSH
26.4B USD 1.2 11.8

Market Distribution

In line with most companies in India
Percentile
53nd
Based on 2 864 companies
53nd percentile
3.1
Low
0 — 1.6
Typical Range
1.6 — 5
High
5 —
Distribution Statistics
India
Min 0
30th Percentile 1.6
Median 2.9
70th Percentile 5
Max 55 686.2

Tata Consultancy Services Ltd
Glance View

Tata Consultancy Services Ltd. (TCS) stands as a sterling example of India’s prowess in the global IT services market, a narrative of strategic vision and relentless execution. Born within the renowned Tata Group in 1968, TCS embarked on its journey amidst modest surroundings but with a bold ambition to revolutionize business processes through technology. Over the decades, TCS has morphed into a global leader, occupying a formidable spot in the consulting and IT services arena. The company thrives on its ability to offer a wide array of services that ranges from IT consulting and services integration to business solutions and outsourcing. At its core, TCS helps businesses leverage cutting-edge technology like artificial intelligence, machine learning, and blockchain to streamline operations, elevate customer experience, and foster innovation. The engine of TCS's revenue generation hums with its robust strategy of engaging deeply with diverse industry verticals such as banking, retail, telecommunications, and healthcare. By positioning itself as a partner in technological transformation, TCS secures long-term contracts that ensure recurring revenue streams. Its globally distributed talent model, marked by a blend of onsite and offshore delivery, not only optimizes costs but also allows for round-the-clock project execution, enabling TCS to meet client needs efficiently. Furthermore, TCS invests significantly in research and development to stay ahead of technological trends, ensuring its service offerings continue to align with the evolving marketplace demands. The company’s prowess in navigating large-scale transformations makes it indispensable to clients worldwide looking for strategic guidance in an increasingly digital landscape.

TCS Intrinsic Value
2 832.46 INR
Undervaluation 15%
Intrinsic Value
Price ₹2 394.3
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