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Zee Entertainment Enterprises Ltd
NSE:ZEEL

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Zee Entertainment Enterprises Ltd
NSE:ZEEL
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Price: 87.9 INR -3.61% Market Closed
Market Cap: ₹84.4B

EV/EBIT

9.2
Current
45%
Cheaper
vs 3-y average of 16.7

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

EV/EBIT
9.2
=
Enterprise Value
₹62B
/
EBIT
₹6.7B

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

EV/EBIT
9.2
=
Enterprise Value
₹62B
/
EBIT
₹6.7B

Valuation Scenarios

Zee Entertainment Enterprises Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (16.7), the stock would be worth ₹159.2 (81% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+195%
Average Upside
124%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 9.2 ₹87.9
0%
3-Year Average 16.7 ₹159.2
+81%
5-Year Average 15.7 ₹149.45
+70%
Industry Average 27.3 ₹259.26
+195%
Country Average 23.3 ₹221.22
+152%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹62B
/
Jan 2026
₹6.7B
=
9.2
Current
₹62B
/
Mar 2026
₹7.1B
=
8.8
Forward
₹62B
/
Mar 2027
₹9.1B
=
6.8
Forward
₹62B
/
Mar 2028
₹10.9B
=
5.7
Forward
₹62B
/
Mar 2029
₹8B
=
7.7
Forward

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

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
Zee Entertainment Enterprises Ltd
NSE:ZEEL
87.6B INR 9.2 15
US
Fox Corp
NASDAQ:FOXA
26.7B USD 9.9 14.1
US
ViacomCBS Inc
LSE:0A65
24.3B USD 15.3 -39.2
US
Paramount Global
NASDAQ:PARA
7.4B USD 7.1 -1.4
LU
RTL Group SA
XETRA:RRTL
5.7B EUR 36.7 5.8
US
Nexstar Media Group Inc
NASDAQ:NXST
6.2B USD 14 67.2
JP
TBS Holdings Inc
TSE:9401
876.8B JPY 37.4 15.7
JP
Nippon Television Holdings Inc
TSE:9404
739.2B JPY 7.8 11.8
UK
ITV PLC
LSE:ITV
3B GBP 7.4 13.8
JP
Fuji Media Holdings Inc
TSE:4676
600B JPY -62.7 -48.1
SA
MBC Group CJSC
SAU:4072
12.8B SAR 61.3 33.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
Zee Entertainment Enterprises Ltd
NSE:ZEEL
Average EV/EBIT: 20.6
9.2
5%
1.8
US
Fox Corp
NASDAQ:FOXA
9.9
0%
N/A
US
V
ViacomCBS Inc
LSE:0A65
15.3
10%
1.5
US
Paramount Global
NASDAQ:PARA
7.1
-6%
N/A
LU
RTL Group SA
XETRA:RRTL
36.7
80%
0.5
US
Nexstar Media Group Inc
NASDAQ:NXST
14
23%
0.6
JP
TBS Holdings Inc
TSE:9401
37.4
N/A N/A
JP
N
Nippon Television Holdings Inc
TSE:9404
7.8
N/A N/A
UK
ITV PLC
LSE:ITV
7.4
-2%
N/A
JP
Fuji Media Holdings Inc
TSE:4676
Negative Multiple: -62.7 N/A N/A
SA
M
MBC Group CJSC
SAU:4072
61.3
N/A N/A
P/E Multiple
Earnings Growth PEG
IN
Zee Entertainment Enterprises Ltd
NSE:ZEEL
Average P/E: 22.1
15
13%
1.2
US
Fox Corp
NASDAQ:FOXA
14.1
-1%
N/A
US
V
ViacomCBS Inc
LSE:0A65
Negative Multiple: -39.2 N/A N/A
US
Paramount Global
NASDAQ:PARA
Negative Multiple: -1.4 N/A N/A
LU
RTL Group SA
XETRA:RRTL
5.8
-24%
N/A
US
Nexstar Media Group Inc
NASDAQ:NXST
67.2
115%
0.6
JP
TBS Holdings Inc
TSE:9401
15.7
7%
2.2
JP
N
Nippon Television Holdings Inc
TSE:9404
11.8
14%
0.8
UK
ITV PLC
LSE:ITV
13.8
20%
0.7
JP
Fuji Media Holdings Inc
TSE:4676
Negative Multiple: -48.1 N/A N/A
SA
M
MBC Group CJSC
SAU:4072
33.6
N/A N/A

Market Distribution

Lower than 89% of companies in India
Percentile
11th
Based on 2 572 companies
11th percentile
9.2
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

Zee Entertainment Enterprises Ltd
Glance View

Market Cap
84.4B INR
Industry
Media

Zee Entertainment Enterprises Ltd., a titan in India's media landscape, began its journey in the early 1990s, marking a pivotal shift in the country's television industry. Born out of the vision of Subhash Chandra, Zee was the first privately owned television channel in India, breaking the monopoly of state-owned broadcasters and ushering in a new era of entertainment. Over the years, the company has expanded its reach, becoming a household name with its wide array of regional and national channels, catering to diverse tastes across the subcontinent. With an eye on innovation, Zee has actively diversified its offerings beyond its traditional strengths in cable and satellite television, tapping into digital streaming and content production to stay ahead of changing viewer preferences. Zee's operational model revolves around creating and distributing content that captivates and engages audiences. This extensive portfolio, ranging from soap operas and reality shows to movies and news, ensures a steady stream of income through advertising and subscription fees. The company's monetization strategy thrives on the high viewership its programming garners, attracting advertisers eager to reach its broad and varied audience. Furthermore, Zee has successfully leveraged its content libraries by distributing productions on multiple platforms, domestically and internationally. Its intricate web encompassing cable, satellite, digital media, and film production provides multiple revenue streams, ensuring that Zee remains a formidable presence in an increasingly competitive media industry. Through strategic partnerships and constant evolution, Zee continues to be a pivotal player, adeptly navigating the dynamic waters of media and entertainment.

ZEEL Intrinsic Value
131.82 INR
Undervaluation 33%
Intrinsic Value
Price ₹87.9
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