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.
Fenix ResourcesASX:FEX 33 EV-to-OCF is 1.84 as of Aug. 23, 2026, which is 32% below its 10-year median of 2.69. GuruFocus rates ASX:FEX with a GF Score™ of 33/100 and a GF Value™ of A$0.58 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 634 Steel companies, Fenix Resources ranks better than 68.77% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Fenix Resources's Enterprise Value is A$214.9 Mil.
Fenix Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$117.1 Mil. Therefore, Fenix Resources's EV-to-OCF for today is 1.84.
The historical rank and industry rank for Fenix Resources's EV-to-OCF or its related term are showing as below:
ASX:FEX'
s EV-to-OCF Range Over the Past 10 Years
Min: 0.27 Med: 2.69 Max: 9.81
Current: 1.84
During the past 13 years, the highest EV-to-OCF of Fenix Resources was 9.81. The lowest was 0.27. And the median was 2.69.
ASX:FEX's EV-to-OCF is ranked better than 68.77% of 634
companies
in the Steel industry
Industry Median: 7.62
vs ASX:FEX: 1.84
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.
Fenix Resources's PE Ratio (TTM) for today is calculated as:
Fenix Resources's share price for today is A$0.26.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fenix Resources's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.016.
* 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.
Fenix Resources EV-to-OCF Related Terms
Fenix Resources EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Fenix 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 Steel subindustry, Fenix 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.
Fenix Resources EV-to-OCF vs Steel Industry
For the Steel industry and Basic Materials sector, Fenix Resources's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Fenix Resources's EV-to-OCF falls into.
Fenix Resources's current Enterprise Value is A$214.9 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fenix Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$117.1 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.
Fenix Resources (ASX:FEX) has a EV-to-OCF of 1.84 as of Aug. 23, 2026. This is 32% below median its historical median of 2.69. Over the past decade, Fenix Resources' EV-to-OCF has ranged from 0.27 to 9.81. According to the industry distribution chart, Fenix Resources ranks #198 out of 634 companies in the Steel industry, placing it in the top 31.2%.
Is Fenix Resources' EV-to-OCF too high?
Fenix Resources' current EV-to-OCF of 1.84 is 32% below median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 9.81. The Steel industry median EV-to-OCF is 7.62. Fenix Resources' value of 1.84 is 75.9% below this industry median. Based on the distribution chart, Fenix Resources ranks #198 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, Fenix Resources has a GF Score™ of 33/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fenix Resources' EV-to-OCF compare to NUE and STLD?
According to the Steel industry distribution chart, Fenix Resources ranks #198 out of 634 companies for EV-to-OCF. This puts Fenix Resources in the upper half of its industry. The industry median EV-to-OCF is 7.62. Fenix Resources' value of 1.84 is 75.9% below this benchmark. Historically, Fenix Resources' own EV-to-OCF has ranged from 0.27 to 9.81 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 7.62, Fenix Resources has consistently been below 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 Steel company?
The median EV-to-OCF among Steel companies is 7.62, based on 634 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. Fenix Resources's current EV-to-OCF of 1.84 is 75.9% below 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 Steel industry, the median EV-to-OCF is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fenix Resources's current EV-to-OCF is 1.84, which is 32% below median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fenix Resources stock overvalued right now?
Based on GuruFocus' analysis, Fenix Resources (ASX:FEX) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.58, compared to a current price of A$0.26 — trading 55.2% below its estimated fair value. The current EV-to-OCF is 1.84, which is 32% below median its 10-year median of 2.69 and 75.9% below the Steel industry median of 7.62. Fenix Resources' overall GF Score™ is 33/100 with 5 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 Fenix Resources (ASX:FEX), the current EV-to-OCF is 1.84 as of Aug. 23, 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 Fenix Resources (ASX:FEX) Overvalued in 2026?
Based on GuruFocus' analysis, Fenix Resources stock appears to be undervalued.
The current stock price of A$0.26 is trading 55.2% below its estimated GF Value™ of A$0.58.
GuruFocus considers Fenix Resources to be Significantly Undervalued.
Key valuation signals for ASX:FEX:
EV-to-OCF: 1.84 (32% below median its 10-year median of 2.69)
GF Value™: A$0.58 vs. price of A$0.26 (55.2% below fair value)
Industry Position: 75.9% below the Steel median (#198 of 634)
No single metric tells the full story. See the ASX:FEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fenix Resources Ltd is an Australian company engaged in exploring, developing, and mining mineral tenements. The Group has single reportable segment: the Mining. The company's assets include the Iron Ridge Iron Ore Mine, the Shine Iron Ore Mine, the Beebyn-W11 Iron Ore Project, the Newhaul Road Logistics haulage.
33GF Score
Get the complete analysis for ASX:FEX
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:FEX has been successfully added to your 
