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Evolution MiningASX:EVN -1.16%84 EV-to-OCF is 11.86 as of Aug. 13, 2026, which is 29% above its 10-year median of 9.21. GuruFocus rates ASX:EVN with a GF Score™ of 84/100 and a GF Value™ of A$8.15 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,666 Metals & Mining companies, Evolution Mining ranks worse than 87.55% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Evolution Mining's Enterprise Value is A$28,295 Mil.
Evolution Mining's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$2,385 Mil. Therefore, Evolution Mining's EV-to-OCF for today is 11.86.
The historical rank and industry rank for Evolution Mining's EV-to-OCF or its related term are showing as below:
ASX:EVN'
s EV-to-OCF Range Over the Past 10 Years
Min: 4.46 Med: 9.21 Max: 17.34
Current: 11.63
During the past 13 years, the highest EV-to-OCF of Evolution Mining was 17.34. The lowest was 4.46. And the median was 9.21.
ASX:EVN's EV-to-OCF is ranked worse than 87.55% of 2666
companies
in the Metals & Mining industry
Industry Median: -8.755
vs ASX:EVN: 11.63
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.
Evolution Mining's PE Ratio (TTM) for today is calculated as:
Evolution Mining's share price for today is A$13.68.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Evolution Mining's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.660.
* 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.
Evolution Mining EV-to-OCF Related Terms
Evolution Mining EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Evolution Mining'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, Evolution Mining'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.
Evolution Mining EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Evolution Mining's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Evolution Mining's EV-to-OCF falls into.
Evolution Mining's current Enterprise Value is A$28,295 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Evolution Mining's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$2,385 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.
Evolution Mining (ASX:EVN) has a EV-to-OCF of 11.86 as of Aug. 13, 2026. This is 29% above median its historical median of 9.21. Over the past decade, Evolution Mining's EV-to-OCF has ranged from 4.46 to 17.34. According to the industry distribution chart, Evolution Mining ranks #2334 out of 2666 companies in the Metals & Mining industry, placing it in the top 87.5%.
Is Evolution Mining's EV-to-OCF too high?
Evolution Mining's current EV-to-OCF of 11.86 is 29% above median its 10-year median of 9.21. Over the past 10 years, this metric has ranged from a low of 4.46 to a high of 17.34. Based on the distribution chart, Evolution Mining ranks #2334 out of 2666 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Evolution Mining has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Mining's EV-to-OCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Evolution Mining ranks #2334 out of 2666 companies for EV-to-OCF. This places Evolution Mining in the lower half of its industry. Historically, Evolution Mining's own EV-to-OCF has ranged from 4.46 to 17.34 over the past decade. 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. Evolution Mining's current EV-to-OCF is 11.86, which is 29% above median its own 10-year median of 9.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Mining stock overvalued right now?
Based on GuruFocus' analysis, Evolution Mining (ASX:EVN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$8.15, compared to a current price of A$13.68 — trading 67.9% above its estimated fair value. The current EV-to-OCF is 11.86, which is 29% above median its 10-year median of 9.21. Evolution Mining's overall GF Score™ is 84/100 with 1 warning sign 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 Evolution Mining (ASX:EVN), the current EV-to-OCF is 11.86 as of Aug. 13, 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 Evolution Mining (ASX:EVN) Overvalued in 2026?
Based on GuruFocus' analysis, Evolution Mining stock appears to be overvalued.
The current stock price of A$13.68 is trading 67.9% above its estimated GF Value™ of A$8.15.
GuruFocus considers Evolution Mining to be Significantly Overvalued.
Key valuation signals for ASX:EVN:
EV-to-OCF: 11.86 (29% above median its 10-year median of 9.21)
GF Value™: A$8.15 vs. price of A$13.68 (67.9% above fair value)
No single metric tells the full story. See the ASX:EVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves and two decades of copper reserves at the end of December 2024.
84GF Score
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