Indian steel companies are currently trading at higher valuations comparedto global steel giants, according to data compiled by BloombergQuint.
Companies are trading at an average one-year forward EV/EBITDAmultiple (Enterprise value to earnings before interest, depreciation and tax) of11.4 compared to global companies that are trading at an average multiple of 7.This calculation is based on Bloomberg consensus estimates.
SAIL is the most expensive stock, trading at a one-yearforward EV/EBITDA multiple of 19.8. Jindal Steel Power is the second mostexpensive stock, trading at 10.1 times EV/ EBITDA. Also, all four Indiancompanies are trading at a premium compared to ArcelorMittal, POSCOand Severstal.
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