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Applied DigitalAPLD +6.04%48 EV-to-OCF is 161.38 as of Aug. 04, 2026, which is 2114% above its 10-year median of 7.29. GuruFocus rates APLD with a GF Score™ of 48/100 and a GF Value™ of $20.42 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,879 Software companies, Applied Digital ranks worse than 96.91% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Applied Digital's Enterprise Value is $14,473.4 Mil.
Applied Digital's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was $89.7 Mil. Therefore, Applied Digital's EV-to-OCF for today is 161.38.
The historical rank and industry rank for Applied Digital's EV-to-OCF or its related term are showing as below:
APLD'
s EV-to-OCF Range Over the Past 10 Years
Min: -400.76 Med: 7.29 Max: 210.39
Current: 161.38
During the past 13 years, the highest EV-to-OCF of Applied Digital was 210.39. The lowest was -400.76. And the median was 7.29.
APLD's EV-to-OCF is ranked worse than 96.91% of 2879
companies
in the Software industry
Industry Median: 6.68
vs APLD: 161.38
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.
Applied Digital's PE Ratio (TTM) for today is calculated as:
Applied Digital's share price for today is $31.27.
Applied Digital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.890.
* 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.
Applied Digital EV-to-OCF Related Terms
Applied Digital EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Applied Digital'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 Information Technology Services subindustry, Applied Digital'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.
Applied Digital EV-to-OCF vs Software Industry
For the Software industry and Technology sector, Applied Digital's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Applied Digital's EV-to-OCF falls into.
Applied Digital's current Enterprise Value is $14,473.4 Mil.
Applied Digital's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $89.7 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.
Applied Digital (APLD) has a EV-to-OCF of 161.38 as of Aug. 04, 2026. This is 2114% above median its historical median of 7.29. According to the industry distribution chart, Applied Digital ranks #2790 out of 2879 companies in the Software industry, placing it in the top 96.9%.
Is Applied Digital's EV-to-OCF too high?
Applied Digital's current EV-to-OCF of 161.38 is 2114% above median its 10-year median of 7.29. The Software industry median EV-to-OCF is 6.68. Applied Digital's value of 161.38 is 2315.9% above this industry median. Based on the distribution chart, Applied Digital ranks #2790 out of 2879 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Applied Digital has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Digital's EV-to-OCF compare to INGM and GDS?
According to the Software industry distribution chart, Applied Digital ranks #2790 out of 2879 companies for EV-to-OCF. This places Applied Digital in the lower half of its industry. The industry median EV-to-OCF is 6.68. Applied Digital's value of 161.38 is 2315.9% above this benchmark. While the company's 10-year median is 7.29 vs. the industry median of 6.68, Applied Digital 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 Software company?
The median EV-to-OCF among Software companies is 6.68, based on 2,879 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. Applied Digital's current EV-to-OCF of 161.38 is 2315.9% 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 Software industry, the median EV-to-OCF is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Digital's current EV-to-OCF is 161.38, which is 2114% above median its own 10-year median of 7.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Digital stock overvalued right now?
Based on GuruFocus' analysis, Applied Digital (APLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.42, compared to a current price of $31.27 — trading 53.1% above its estimated fair value. The current EV-to-OCF is 161.38, which is 2114% above median its 10-year median of 7.29 and 2315.9% above the Software industry median of 6.68. Applied Digital's overall GF Score™ is 48/100 with 6 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 Applied Digital (APLD), the current EV-to-OCF is 161.38 as of Aug. 04, 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 Applied Digital (APLD) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Digital stock appears to be overvalued.
The current stock price of $31.27 is trading 53.1% above its estimated GF Value™ of $20.42.
GuruFocus considers Applied Digital to be Significantly Overvalued.
Key valuation signals for APLD:
EV-to-OCF: 161.38 (2114% above median its 10-year median of 7.29)
GF Value™: $20.42 vs. price of $31.27 (53.1% above fair value)
Industry Position: 2315.9% above the Software median (#2790 of 2879)
No single metric tells the full story. See the APLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments: Data Center Hosting Business and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business, which operates data centers to provide energized space to crypto mining customers.
48GF Score
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