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The a2 Milk CoACOPF 88 EV-to-OCF is 23.28 as of Jul. 28, 2026, which is 27% below its 10-year median of 32.10. GuruFocus rates ACOPF with a GF Score™ of 88/100 and a GF Value™ of $4.47 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,992 Consumer Packaged Goods companies, The a2 Milk Co ranks worse than 82.13% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, The a2 Milk Co's Enterprise Value is $3,006 Mil.
The a2 Milk Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $129 Mil. Therefore, The a2 Milk Co's EV-to-OCF for today is 23.28.
The historical rank and industry rank for The a2 Milk Co's EV-to-OCF or its related term are showing as below:
ACOPF'
s EV-to-OCF Range Over the Past 10 Years
Min: 8.29 Med: 32.1 Max: 131.57
Current: 21.93
During the past 13 years, the highest EV-to-OCF of The a2 Milk Co was 131.57. The lowest was 8.29. And the median was 32.10.
ACOPF's EV-to-OCF is ranked worse than 82.13% of 1992
companies
in the Consumer Packaged Goods industry
Industry Median: 8.02
vs ACOPF: 21.93
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.
The a2 Milk Co (OTCPK:ACOPF) EV-to-OCF Explanation
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.
The a2 Milk Co's PE Ratio (TTM) for today is calculated as:
The a2 Milk Co's share price for today is $4.70.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. The a2 Milk Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.101.
* 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.
The a2 Milk Co EV-to-OCF Related Terms
The a2 Milk Co EV-to-OCF Historical Data
* Premium members only.
The historical data trend for The a2 Milk Co'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 Packaged Foods subindustry, The a2 Milk Co'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.
The a2 Milk Co EV-to-OCF vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The a2 Milk Co's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where The a2 Milk Co's EV-to-OCF falls into.
The a2 Milk Co's current Enterprise Value is $3,006 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. The a2 Milk Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $129 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.
The a2 Milk Co (ACOPF) has a EV-to-OCF of 23.28 as of Jul. 28, 2026. This is 27% below median its historical median of 32.10. Over the past decade, The a2 Milk Co's EV-to-OCF has ranged from 8.29 to 131.57. According to the industry distribution chart, The a2 Milk Co ranks #1636 out of 1992 companies in the Consumer Packaged Goods industry, placing it in the top 82.1%.
Is The a2 Milk Co's EV-to-OCF too high?
The a2 Milk Co's current EV-to-OCF of 23.28 is 27% below median its 10-year median of 32.10. Over the past 10 years, this metric has ranged from a low of 8.29 to a high of 131.57. The Consumer Packaged Goods industry median EV-to-OCF is 8.02. The a2 Milk Co's value of 23.28 is 190.3% above this industry median. Based on the distribution chart, The a2 Milk Co ranks #1636 out of 1992 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, The a2 Milk Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The a2 Milk Co's EV-to-OCF compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, The a2 Milk Co ranks #1636 out of 1992 companies for EV-to-OCF. This places The a2 Milk Co in the lower half of its industry. The industry median EV-to-OCF is 8.02. The a2 Milk Co's value of 23.28 is 190.3% above this benchmark. Historically, The a2 Milk Co's own EV-to-OCF has ranged from 8.29 to 131.57 over the past decade. While the company's 10-year median is 32.10 vs. the industry median of 8.02, The a2 Milk Co has consistently been above 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 Consumer Packaged Goods company?
The median EV-to-OCF among Consumer Packaged Goods companies is 8.02, based on 1,992 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. The a2 Milk Co's current EV-to-OCF of 23.28 is 190.3% above 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 Consumer Packaged Goods industry, the median EV-to-OCF is 8.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The a2 Milk Co's current EV-to-OCF is 23.28, which is 27% below median its own 10-year median of 32.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The a2 Milk Co stock overvalued right now?
Based on GuruFocus' analysis, The a2 Milk Co (ACOPF) is currently considered Fairly Valued. The stock's GF Value™ is $4.47, compared to a current price of $4.70 — trading 5.1% above its estimated fair value. The current EV-to-OCF is 23.28, which is 27% below median its 10-year median of 32.10 and 190.3% above the Consumer Packaged Goods industry median of 8.02. The a2 Milk Co's overall GF Score™ is 88/100 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 The a2 Milk Co (ACOPF), the current EV-to-OCF is 23.28 as of Jul. 28, 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 The a2 Milk Co (ACOPF) Overvalued in 2026?
Based on GuruFocus' analysis, The a2 Milk Co stock appears to be overvalued.
The current stock price of $4.70 is trading 5.1% above its estimated GF Value™ of $4.47.
GuruFocus considers The a2 Milk Co to be Fairly Valued.
Key valuation signals for ACOPF:
EV-to-OCF: 23.28 (27% below median its 10-year median of 32.10)
GF Value™: $4.47 vs. price of $4.70 (5.1% above fair value)
Industry Position: 190.3% above the Consumer Packaged Goods median (#1636 of 1992)
No single metric tells the full story. See the ACOPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.
88GF Score
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