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APA GroupASX:APA -0.90%71 EV-to-OCF is 21.92 as of Aug. 07, 2026, which is 7% above its 10-year median of 20.43. GuruFocus rates ASX:APA with a GF Score™ of 71/100 and a GF Value™ of A$8.36 (Modestly Overvalued). The stock has 13 warning signs investors should review. Among 507 Utilities - Regulated companies, APA Group ranks worse than 86.39% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, APA Group's Enterprise Value is A$26,215 Mil.
APA Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$1,196 Mil. Therefore, APA Group's EV-to-OCF for today is 21.92.
The historical rank and industry rank for APA Group's EV-to-OCF or its related term are showing as below:
ASX:APA'
s EV-to-OCF Range Over the Past 10 Years
Min: 17.36 Med: 20.43 Max: 32.29
Current: 22.23
During the past 13 years, the highest EV-to-OCF of APA Group was 32.29. The lowest was 17.36. And the median was 20.43.
ASX:APA's EV-to-OCF is ranked worse than 86.39% of 507
companies
in the Utilities - Regulated industry
Industry Median: 10.82
vs ASX:APA: 22.23
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.
APA Group's share price for today is A$9.91.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. APA Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.124.
* 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.
APA Group EV-to-OCF Related Terms
APA Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for APA Group'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 Utilities - Regulated Gas subindustry, APA Group'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.
APA Group EV-to-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, APA Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where APA Group's EV-to-OCF falls into.
APA Group's current Enterprise Value is A$26,215 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. APA Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$1,196 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.
APA Group (ASX:APA) has a EV-to-OCF of 21.92 as of Aug. 07, 2026. This is near median its historical median of 20.43. Over the past decade, APA Group's EV-to-OCF has ranged from 17.36 to 32.29. According to the industry distribution chart, APA Group ranks #438 out of 507 companies in the Utilities - Regulated industry, placing it in the top 86.4%.
Is APA Group's EV-to-OCF too high?
APA Group's current EV-to-OCF of 21.92 is near median its 10-year median of 20.43. Over the past 10 years, this metric has ranged from a low of 17.36 to a high of 32.29. The Utilities - Regulated industry median EV-to-OCF is 10.82. APA Group's value of 21.92 is 102.6% above this industry median. Based on the distribution chart, APA Group ranks #438 out of 507 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, APA Group has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APA Group's EV-to-OCF compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, APA Group ranks #438 out of 507 companies for EV-to-OCF. This places APA Group in the lower half of its industry. The industry median EV-to-OCF is 10.82. APA Group's value of 21.92 is 102.6% above this benchmark. Historically, APA Group's own EV-to-OCF has ranged from 17.36 to 32.29 over the past decade. While the company's 10-year median is 20.43 vs. the industry median of 10.82, APA Group 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 an Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.82, based on 507 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. APA Group's current EV-to-OCF of 21.92 is 102.6% 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 Utilities - Regulated industry, the median EV-to-OCF is 10.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APA Group's current EV-to-OCF is 21.92, which is near median its own 10-year median of 20.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APA Group stock overvalued right now?
Based on GuruFocus' analysis, APA Group (ASX:APA) is currently considered Modestly Overvalued. The stock's GF Value™ is A$8.36, compared to a current price of A$9.91 — trading 18.5% above its estimated fair value. The current EV-to-OCF is 21.92, which is near median its 10-year median of 20.43 and 102.6% above the Utilities - Regulated industry median of 10.82. APA Group's overall GF Score™ is 71/100 with 13 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 APA Group (ASX:APA), the current EV-to-OCF is 21.92 as of Aug. 07, 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 APA Group (ASX:APA) Overvalued in 2026?
Based on GuruFocus' analysis, APA Group stock appears to be overvalued.
The current stock price of A$9.91 is trading 18.5% above its estimated GF Value™ of A$8.36.
GuruFocus considers APA Group to be Modestly Overvalued.
Key valuation signals for ASX:APA:
EV-to-OCF: 21.92 (near median its 10-year median of 20.43)
GF Value™: A$8.36 vs. price of A$9.91 (18.5% above fair value)
Industry Position: 102.6% above the Utilities - Regulated median (#438 of 507)
No single metric tells the full story. See the ASX:APA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APA Group is Australia's largest gas infrastructure company with an extensive portfolio of transmission pipelines, distribution networks, and storage facilities, and is increasingly investing in renewable energy generation, electricity transmission, and batteries. It is internally managed and has direct operational control over all assets. It owns minority stakes in a few smaller gas infrastructure companies and manages operations for most of these. The stapled securities comprise a unit in Australian Pipeline Trust and in APT Investment Trust.
71GF Score
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