Mahanagar Gas Ltd
NSE:MGL

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Mahanagar Gas Ltd
NSE:MGL
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Price: 1 031.5 INR -1.78% Market Closed
Market Cap: ₹101.9B

Relative Value

The Relative Value of one MGL stock under the Base Case scenario is 1 683.24 INR. Compared to the current market price of 1 031.5 INR, Mahanagar Gas Ltd is Undervalued by 39%.

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.

MGL Relative Value
Base Case
1 683.24 INR
Undervaluation 39%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

MGL Competitors Multiples
Mahanagar Gas 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
Mahanagar Gas Ltd
NSE:MGL
101.9B INR 1.1 10.6 5.7 7.5
US
Atmos Energy Corp
NYSE:ATO
31.2B USD 6.4 25 17.1 25
ES
Naturgy Energy Group SA
MAD:NTGY
24.2B EUR 1.2 11.9 6.4 9.3
IT
Snam SpA
MIL:SRG
22.1B EUR 5.7 17.4 12.9 20.6
HK
Hong Kong and China Gas Co Ltd
HKEX:3
140.3B HKD 2.5 24.7 20.4 20.4
JP
Tokyo Gas Co Ltd
TSE:9531
2.6T JPY 0.9 12.6 7.4 17.5
JP
Osaka Gas Co Ltd
TSE:9532
2.4T JPY 1.2 13 9.4 15.6
IT
Italgas SpA
MIL:IG
10.3B EUR 2.5 11 9.6 13
CA
AltaGas Ltd
TSX:ALA
14.8B CAD 1.2 19.9 13.3 18.6
IN
GAIL (India) Ltd
NSE:GAIL
970.6B INR 0.7 11.2 8.2 11.6
CN
ENN Natural Gas Co Ltd
SSE:600803
69B CNY 0.5 15.6 6.7 6.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
Mahanagar Gas Ltd
NSE:MGL
Average EV/EBITDA: 10.7
5.7
4%
1.4
US
Atmos Energy Corp
NYSE:ATO
17.1
12%
1.4
ES
Naturgy Energy Group SA
MAD:NTGY
6.4
1%
6.4
IT
Snam SpA
MIL:SRG
12.9
6%
2.2
HK
Hong Kong and China Gas Co Ltd
HKEX:3
20.4
6%
3.4
JP
T
Tokyo Gas Co Ltd
TSE:9531
7.4
5%
1.5
JP
Osaka Gas Co Ltd
TSE:9532
9.4
3%
3.1
IT
Italgas SpA
MIL:IG
9.6
20%
0.5
CA
AltaGas Ltd
TSX:ALA
13.3
7%
1.9
IN
GAIL (India) Ltd
NSE:GAIL
8.2
3%
2.7
CN
ENN Natural Gas Co Ltd
SSE:600803
6.7
19%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
Mahanagar Gas Ltd
NSE:MGL
Average EV/EBIT: 15.1
7.5
0%
N/A
US
Atmos Energy Corp
NYSE:ATO
25
14%
1.8
ES
Naturgy Energy Group SA
MAD:NTGY
9.3
0%
N/A
IT
Snam SpA
MIL:SRG
20.6
6%
3.4
HK
Hong Kong and China Gas Co Ltd
HKEX:3
20.4
3%
6.8
JP
T
Tokyo Gas Co Ltd
TSE:9531
17.5
N/A N/A
JP
Osaka Gas Co Ltd
TSE:9532
15.6
N/A N/A
IT
Italgas SpA
MIL:IG
13
22%
0.6
CA
AltaGas Ltd
TSX:ALA
18.6
N/A N/A
IN
GAIL (India) Ltd
NSE:GAIL
11.6
1%
11.6
CN
ENN Natural Gas Co Ltd
SSE:600803
6.7
8%
0.8
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett