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Airtel AfricaAARTY 68 EV-to-OCF is 6.88 as of Aug. 10, 2026, which is 55% above its 10-year median of 4.44. GuruFocus rates AARTY with a GF Score™ of 68/100 and a GF Value™ of $16.42 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 368 Telecommunication Services companies, Airtel Africa ranks better than 51.09% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Airtel Africa's Enterprise Value is $21,981 Mil.
Airtel Africa's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $3,195 Mil. Therefore, Airtel Africa's EV-to-OCF for today is 6.88.
The historical rank and industry rank for Airtel Africa's EV-to-OCF or its related term are showing as below:
AARTY'
s EV-to-OCF Range Over the Past 10 Years
Min: 1.4 Med: 4.44 Max: 21.9
Current: 6.87
During the past 10 years, the highest EV-to-OCF of Airtel Africa was 21.90. The lowest was 1.40. And the median was 4.44.
AARTY's EV-to-OCF is ranked better than 51.09% of 368
companies
in the Telecommunication Services industry
Industry Median: 7.05
vs AARTY: 6.87
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Airtel Africa's PE Ratio (TTM) for today is calculated as:
Airtel Africa's share price for today is $47.0628.
Airtel Africa's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.870.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Airtel Africa EV-to-OCF Related Terms
Airtel Africa EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Airtel Africa's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Telecom Services subindustry, Airtel Africa's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Airtel Africa EV-to-OCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Airtel Africa's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Airtel Africa's EV-to-OCF falls into.
Airtel Africa's current Enterprise Value is $21,981 Mil.
Airtel Africa's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,195 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Airtel Africa (AARTY) has a EV-to-OCF of 6.88 as of Aug. 10, 2026. This is 55% above median its historical median of 4.44. Over the past decade, Airtel Africa's EV-to-OCF has ranged from 1.40 to 21.90. According to the industry distribution chart, Airtel Africa ranks #180 out of 368 companies in the Telecommunication Services industry, placing it in the top 48.9%.
Is Airtel Africa's EV-to-OCF too high?
Airtel Africa's current EV-to-OCF of 6.88 is 55% above median its 10-year median of 4.44. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 21.90. The Telecommunication Services industry median EV-to-OCF is 7.05. Airtel Africa's value of 6.88 is 2.4% below this industry median. Based on the distribution chart, Airtel Africa ranks #180 out of 368 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Airtel Africa has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Airtel Africa's EV-to-OCF compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Airtel Africa ranks #180 out of 368 companies for EV-to-OCF. This puts Airtel Africa in the upper half of its industry. The industry median EV-to-OCF is 7.05. Airtel Africa's value of 6.88 is 2.4% below this benchmark. Historically, Airtel Africa's own EV-to-OCF has ranged from 1.40 to 21.90 over the past decade. While the company's 10-year median is 4.44 vs. the industry median of 7.05, Airtel Africa has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Telecommunication Services company?
The median EV-to-OCF among Telecommunication Services companies is 7.05, based on 368 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Airtel Africa's current EV-to-OCF of 6.88 is 2.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median EV-to-OCF is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airtel Africa's current EV-to-OCF is 6.88, which is 55% above median its own 10-year median of 4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtel Africa stock overvalued right now?
Based on GuruFocus' analysis, Airtel Africa (AARTY) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.42, compared to a current price of $47.06 — trading 186.6% above its estimated fair value. The current EV-to-OCF is 6.88, which is 55% above median its 10-year median of 4.44 and 2.4% below the Telecommunication Services industry median of 7.05. Airtel Africa's overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Airtel Africa (AARTY), the current EV-to-OCF is 6.88 as of Aug. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Airtel Africa (AARTY) Overvalued in 2026?
Based on GuruFocus' analysis, Airtel Africa stock appears to be overvalued.
The current stock price of $47.06 is trading 186.6% above its estimated GF Value™ of $16.42.
GuruFocus considers Airtel Africa to be Significantly Overvalued.
Key valuation signals for AARTY:
EV-to-OCF: 6.88 (55% above median its 10-year median of 4.44)
GF Value™: $16.42 vs. price of $47.06 (186.6% above fair value)
Industry Position: 2.4% below the Telecommunication Services median (#180 of 368)
No single metric tells the full story. See the AARTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Airtel Africa PLC is a telecoms and financial services provider transforming lives across the continent through increased digital and financial inclusion. The principal activities of the Group mainly consist of the provision of telecommunications and mobile money services. Its services include Voice, Data, Mobile money, Enterprise, and Data centers. The Group's operating segments are Nigeria mobile services, East Africa mobile services, Francophone Africa mobile services, and Mobile money. It generates maximum revenue from East Africa mobile services, comprising mobile service operations in Uganda, Kenya, Zambia, Tanzania, Malawi, and Rwanda.
68GF Score
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