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Bega CheeseASX:BGA +0.82%68 EV-to-OCF is 16.85 as of Aug. 03, 2026, which is 19% above its 10-year median of 14.18. GuruFocus rates ASX:BGA with a GF Score™ of 68/100 and a GF Value™ of A$4.85 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,991 Consumer Packaged Goods companies, Bega Cheese ranks worse than 74.54% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Bega Cheese's Enterprise Value is A$2,285 Mil.
Bega Cheese's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$136 Mil. Therefore, Bega Cheese's EV-to-OCF for today is 16.85.
The historical rank and industry rank for Bega Cheese's EV-to-OCF or its related term are showing as below:
ASX:BGA'
s EV-to-OCF Range Over the Past 10 Years
Min: 8.37 Med: 14.18 Max: 215.98
Current: 16.6
During the past 13 years, the highest EV-to-OCF of Bega Cheese was 215.98. The lowest was 8.37. And the median was 14.18.
ASX:BGA's EV-to-OCF is ranked worse than 74.54% of 1991
companies
in the Consumer Packaged Goods industry
Industry Median: 8
vs ASX:BGA: 16.60
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.
Bega Cheese's PE Ratio (TTM) for today is calculated as:
Bega Cheese's share price for today is A$6.14.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Bega Cheese's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.026.
* 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.
Bega Cheese EV-to-OCF Related Terms
Bega Cheese EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Bega Cheese'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, Bega Cheese'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.
Bega Cheese EV-to-OCF vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bega Cheese's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Bega Cheese's EV-to-OCF falls into.
Bega Cheese's current Enterprise Value is A$2,285 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Bega Cheese's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$136 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.
Bega Cheese (ASX:BGA) has a EV-to-OCF of 16.85 as of Aug. 03, 2026. This is 19% above median its historical median of 14.18. Over the past decade, Bega Cheese's EV-to-OCF has ranged from 8.37 to 215.98. According to the industry distribution chart, Bega Cheese ranks #1484 out of 1991 companies in the Consumer Packaged Goods industry, placing it in the top 74.5%.
Is Bega Cheese's EV-to-OCF too high?
Bega Cheese's current EV-to-OCF of 16.85 is 19% above median its 10-year median of 14.18. Over the past 10 years, this metric has ranged from a low of 8.37 to a high of 215.98. The Consumer Packaged Goods industry median EV-to-OCF is 8.00. Bega Cheese's value of 16.85 is 110.6% above this industry median. Based on the distribution chart, Bega Cheese ranks #1484 out of 1991 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Bega Cheese has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bega Cheese's EV-to-OCF compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Bega Cheese ranks #1484 out of 1991 companies for EV-to-OCF. This places Bega Cheese in the lower half of its industry. The industry median EV-to-OCF is 8.00. Bega Cheese's value of 16.85 is 110.6% above this benchmark. Historically, Bega Cheese's own EV-to-OCF has ranged from 8.37 to 215.98 over the past decade. While the company's 10-year median is 14.18 vs. the industry median of 8.00, Bega Cheese 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 8.00, based on 1,991 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. Bega Cheese's current EV-to-OCF of 16.85 is 110.6% 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 Consumer Packaged Goods industry, the median EV-to-OCF is 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bega Cheese's current EV-to-OCF is 16.85, which is 19% above median its own 10-year median of 14.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bega Cheese stock overvalued right now?
Based on GuruFocus' analysis, Bega Cheese (ASX:BGA) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.85, compared to a current price of A$6.14 — trading 26.6% above its estimated fair value. The current EV-to-OCF is 16.85, which is 19% above median its 10-year median of 14.18 and 110.6% above the Consumer Packaged Goods industry median of 8.00. Bega Cheese's overall GF Score™ is 68/100 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 Bega Cheese (ASX:BGA), the current EV-to-OCF is 16.85 as of Aug. 03, 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 Bega Cheese (ASX:BGA) Overvalued in 2026?
Based on GuruFocus' analysis, Bega Cheese stock appears to be overvalued.
The current stock price of A$6.14 is trading 26.6% above its estimated GF Value™ of A$4.85.
GuruFocus considers Bega Cheese to be Modestly Overvalued.
Key valuation signals for ASX:BGA:
EV-to-OCF: 16.85 (19% above median its 10-year median of 14.18)
GF Value™: A$4.85 vs. price of A$6.14 (26.6% above fair value)
Industry Position: 110.6% above the Consumer Packaged Goods median (#1484 of 1991)
No single metric tells the full story. See the ASX:BGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bega Group is an Australia-based dairy processor and food manufacturer of well-known brands including Bega Cheese and Vegemite. Bega operates two segments: The branded segment produces consumer packaged goods primarily sold through the supermarket and foodservice channels, while the bulk segment produces commodity dairy ingredients primarily sold through the business-to-business channel.
68GF Score
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