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Focus MineralsASX:FML +8.29%54 EV-to-OCF is 2.96 as of Jul. 22, 2026, which is 62% below its 10-year median of 7.74. GuruFocus rates ASX:FML with a GF Score™ of 54/100 and a GF Value™ of A$1.83 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,668 Metals & Mining companies, Focus Minerals ranks worse than 79.2% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Focus Minerals's Enterprise Value is A$387.8 Mil.
Focus Minerals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$130.9 Mil. Therefore, Focus Minerals's EV-to-OCF for today is 2.96.
The historical rank and industry rank for Focus Minerals's EV-to-OCF or its related term are showing as below:
ASX:FML'
s EV-to-OCF Range Over the Past 10 Years
Min: -113.06 Med: 7.74 Max: 39.34
Current: 2.13
During the past 13 years, the highest EV-to-OCF of Focus Minerals was 39.34. The lowest was -113.06. And the median was 7.74.
ASX:FML's EV-to-OCF is ranked worse than 79.2% of 2668
companies
in the Metals & Mining industry
Industry Median: -8.555
vs ASX:FML: 2.13
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.
Focus Minerals's PE Ratio (TTM) for today is calculated as:
Focus Minerals's share price for today is A$1.895.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Focus Minerals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.951.
* 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.
Focus Minerals EV-to-OCF Related Terms
Focus Minerals EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Focus Minerals'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, Focus Minerals'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.
Focus Minerals EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Focus Minerals's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Focus Minerals's EV-to-OCF falls into.
Focus Minerals's current Enterprise Value is A$387.8 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Focus Minerals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$130.9 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.
Focus Minerals (ASX:FML) has a EV-to-OCF of 2.96 as of Jul. 22, 2026. This is 62% below median its historical median of 7.74. According to the industry distribution chart, Focus Minerals ranks #2113 out of 2668 companies in the Metals & Mining industry, placing it in the top 79.2%.
Is Focus Minerals' EV-to-OCF too high?
Focus Minerals' current EV-to-OCF of 2.96 is 62% below median its 10-year median of 7.74. Based on the distribution chart, Focus Minerals ranks #2113 out of 2668 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Focus Minerals has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Focus Minerals' EV-to-OCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Focus Minerals ranks #2113 out of 2668 companies for EV-to-OCF. This places Focus Minerals in the lower 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. Focus Minerals's current EV-to-OCF is 2.96, which is 62% below median its own 10-year median of 7.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Minerals stock overvalued right now?
Based on GuruFocus' analysis, Focus Minerals (ASX:FML) is currently considered Fairly Valued. The stock's GF Value™ is A$1.83, compared to a current price of A$1.90 — trading 3.6% above its estimated fair value. The current EV-to-OCF is 2.96, which is 62% below median its 10-year median of 7.74. Focus Minerals' overall GF Score™ is 54/100 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 Focus Minerals (ASX:FML), the current EV-to-OCF is 2.96 as of Jul. 22, 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 Focus Minerals (ASX:FML) Overvalued in 2026?
Based on GuruFocus' analysis, Focus Minerals stock appears to be overvalued.
The current stock price of A$1.90 is trading 3.6% above its estimated GF Value™ of A$1.83.
GuruFocus considers Focus Minerals to be Fairly Valued.
Key valuation signals for ASX:FML:
EV-to-OCF: 2.96 (62% below median its 10-year median of 7.74)
GF Value™: A$1.83 vs. price of A$1.90 (3.6% above fair value)
No single metric tells the full story. See the ASX:FML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Focus Minerals Ltd is engaged in gold exploration and production in Western Australia. The company's projects include Three Mile Hill Processing plant, Varischetti Village, and Coolgardie Gold Project which generates key revenue.
54GF Score
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