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IPHASX:IPH +0.50%83 EV-to-OCF is 9.84 as of Jul. 24, 2026, which is 50% below its 10-year median of 19.56. GuruFocus rates ASX:IPH with a GF Score™ of 83/100 and a GF Value™ of A$7.14 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,091 Business Services companies, IPH ranks worse than 60.4% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, IPH's Enterprise Value is A$1,414.9 Mil.
IPH's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$143.8 Mil. Therefore, IPH's EV-to-OCF for today is 9.84.
The historical rank and industry rank for IPH's EV-to-OCF or its related term are showing as below:
ASX:IPH'
s EV-to-OCF Range Over the Past 10 Years
Min: 9.55 Med: 19.56 Max: 32.82
Current: 10.05
During the past 11 years, the highest EV-to-OCF of IPH was 32.82. The lowest was 9.55. And the median was 19.56.
ASX:IPH's EV-to-OCF is ranked worse than 60.4% of 1091
companies
in the Business Services industry
Industry Median: 6.96
vs ASX:IPH: 10.05
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.
As of today (2026-07-24), IPH's stock price is A$4.01.
IPH's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.276. Therefore, IPH's PE Ratio (TTM) for today is 14.53.
IPH (ASX:IPH) EV-to-OCF Explanation
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.
IPH's share price for today is A$4.01.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. IPH's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.276.
* 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.
IPH EV-to-OCF Related Terms
IPH EV-to-OCF Historical Data
* Premium members only.
The historical data trend for IPH'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 Specialty Business Services subindustry, IPH'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.
IPH EV-to-OCF vs Business Services Industry
For the Business Services industry and Industrials sector, IPH's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where IPH's EV-to-OCF falls into.
IPH's current Enterprise Value is A$1,414.9 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. IPH's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$143.8 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.
IPH (ASX:IPH) has a EV-to-OCF of 9.84 as of Jul. 24, 2026. This is 50% below median its historical median of 19.56. Over the past decade, IPH's EV-to-OCF has ranged from 9.55 to 32.82. According to the industry distribution chart, IPH ranks #659 out of 1091 companies in the Business Services industry, placing it in the top 60.4%.
Is IPH's EV-to-OCF too high?
IPH's current EV-to-OCF of 9.84 is 50% below median its 10-year median of 19.56. Over the past 10 years, this metric has ranged from a low of 9.55 to a high of 32.82. The Business Services industry median EV-to-OCF is 6.96. IPH's value of 9.84 is 41.4% above this industry median. Based on the distribution chart, IPH ranks #659 out of 1091 companies in the Business Services industry, which is below the industry midpoint. Overall, IPH has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IPH's EV-to-OCF compare to CTAS and CPRT?
According to the Business Services industry distribution chart, IPH ranks #659 out of 1091 companies for EV-to-OCF. This places IPH in the lower half of its industry. The industry median EV-to-OCF is 6.96. IPH's value of 9.84 is 41.4% above this benchmark. Historically, IPH's own EV-to-OCF has ranged from 9.55 to 32.82 over the past decade. While the company's 10-year median is 19.56 vs. the industry median of 6.96, IPH 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 Business Services company?
The median EV-to-OCF among Business Services companies is 6.96, based on 1,091 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. IPH's current EV-to-OCF of 9.84 is 41.4% 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 Business Services industry, the median EV-to-OCF is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPH's current EV-to-OCF is 9.84, which is 50% below median its own 10-year median of 19.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPH stock overvalued right now?
Based on GuruFocus' analysis, IPH (ASX:IPH) is currently considered Significantly Undervalued. The stock's GF Value™ is A$7.14, compared to a current price of A$4.01 — trading 43.8% below its estimated fair value. The current EV-to-OCF is 9.84, which is 50% below median its 10-year median of 19.56 and 41.4% above the Business Services industry median of 6.96. IPH's overall GF Score™ is 83/100 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 IPH (ASX:IPH), the current EV-to-OCF is 9.84 as of Jul. 24, 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 IPH (ASX:IPH) Overvalued in 2026?
Based on GuruFocus' analysis, IPH stock appears to be undervalued.
The current stock price of A$4.01 is trading 43.8% below its estimated GF Value™ of A$7.14.
GuruFocus considers IPH to be Significantly Undervalued.
Key valuation signals for ASX:IPH:
EV-to-OCF: 9.84 (50% below median its 10-year median of 19.56)
GF Value™: A$7.14 vs. price of A$4.01 (43.8% below fair value)
Industry Position: 41.4% above the Business Services median (#659 of 1091)
No single metric tells the full story. See the ASX:IPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPH provides intellectual property services through its subsidiaries: Spruson and Ferguson, Smart & Biggar, Robic, Pizzeys, Griffith Hack, Applied Marks, and AJ Park. These services include patent filing, prosecution, enforcement, management, design, trademarks, and more. The company's diverse client base comprises multinationals, public-sector research organizations, and local businesses across industries such as healthcare, finance, engineering, and technology. Revenue streams mainly consist of professional fees (fixed) and volume-based fees (linked to the quantity of work performed). About 70% of revenue is derived from pre-existing work in the system, while 30% comes from new patent applications.
83GF Score
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