Stock Screen · India

Acquirer's Multiple Stocks in India

Screen as of 19 September 2026 · 25 stocks currently qualify

This page lists the Indian stocks that currently qualify under the Acquirer's Multiple screen — a systematic, rules-based stock screen based on the work of Tobias Carlisle (The Acquirer's Multiple (2017)). These are the stocks the screen identifies; the page is informational only and is not a recommendation.

What is the Acquirer's Multiple screen?

EV/EBIT is what a rational buyer would pay to acquire the entire business including its debt. Lower is cheaper. No quality filter — pure contrarian deep value.

How this screen works

To qualify, a stock must clear the ₹500 crore floor, have positive EBIT and positive enterprise value, an Acquirer's Multiple (enterprise value ÷ EBIT) of 20× or lower, and not be a bank, NBFC, insurer or other financial-services company. Qualifiers are then ranked purely on cheapness — the lower the EV/EBIT, the higher the score — with no quality filter. The 0–100 score is a relative ranking against other qualifying stocks, not an absolute rating.

Methodology

• Rebalance: Annual
• Portfolio size: Top 25
• Minimum market cap: ₹500 crore
• Excludes: Banks, NBFCs

What changed this period

No stocks entered or left the Acquirer's Multiple screen since the prior screen on 12 September 2026.

Stocks that qualify (25)