Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ariana ResourcesASX:AA2 -5.56%13 EV-to-OCF is -11.57 as of Aug. 04, 2026. GuruFocus rates ASX:AA2 with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 2,671 Metals & Mining companies, Ariana Resources ranks better than 58.78% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Ariana Resources's Enterprise Value is A$64.75 Mil.
Ariana Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$-5.60 Mil. Therefore, Ariana Resources's EV-to-OCF for today is -11.57.
The historical rank and industry rank for Ariana Resources's EV-to-OCF or its related term are showing as below:
ASX:AA2'
s EV-to-OCF Range Over the Past 10 Years
Min: -11.85 Med: 0 Max: -11.85
Current: -11.85
During the past 13 years, the highest EV-to-OCF of Ariana Resources was -11.85. The lowest was -11.85. And the median was .
ASX:AA2's EV-to-OCF is ranked better than 58.78% of 2671
companies
in the Metals & Mining industry
Industry Median: -8.44
vs ASX:AA2: -11.85
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.
Ariana Resources's PE Ratio (TTM) for today is calculated as:
Ariana Resources's share price for today is A$0.255.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ariana Resources's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-0.002.
* 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.
Ariana Resources EV-to-OCF Related Terms
Ariana Resources EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Ariana Resources'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 Gold subindustry, Ariana Resources'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.
Ariana Resources EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ariana Resources's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Ariana Resources's EV-to-OCF falls into.
Ariana Resources's current Enterprise Value is A$64.75 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ariana Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$-5.60 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.
Ariana Resources (ASX:AA2) has a EV-to-OCF of -11.57 as of Aug. 04, 2026. According to the industry distribution chart, Ariana Resources ranks #1101 out of 2671 companies in the Metals & Mining industry, placing it in the top 41.2%.
Is Ariana Resources' EV-to-OCF too high?
Ariana Resources' current EV-to-OCF is -11.57. Based on the distribution chart, Ariana Resources ranks #1101 out of 2671 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Ariana Resources has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Ariana Resources' EV-to-OCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Ariana Resources ranks #1101 out of 2671 companies for EV-to-OCF. This puts Ariana Resources in the upper half of its industry. 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 Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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. Ariana Resources's current EV-to-OCF is -11.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ariana Resources stock overvalued right now?
Ariana Resources (ASX:AA2) has a current EV-to-OCF of -11.57. The current EV-to-OCF is -11.57. Ariana Resources' overall GF Score™ is 13/100 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 Ariana Resources (ASX:AA2), the current EV-to-OCF is -11.57 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.
Ariana Resources PLC is is a technology metals explorer, developer and producer. The company, along with its subsidiaries, focuses on the Dowkegold Project located in western Turkey and has the Salinbas, Tavsan, Ivrindi, and other projects. The group currently identifies one division as an operating segment: mineral exploration. The activities for this operating segment are as follows: Mineral exploration that incorporates the acquisition, exploration, and development of mineral resources.
13GF Score
Get the complete analysis for ASX:AA2
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:AA2 has been successfully added to your 
