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Macro MetalsASX:M4M -8.33% EV-to-OCF is -5.15 as of Aug. 07, 2026. The stock has 2 warning signs investors should review. Among 635 Steel companies, Macro Metals ranks better than 78.11% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Macro Metals's Enterprise Value is A$23.41 Mil.
Macro Metals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$-4.55 Mil. Therefore, Macro Metals's EV-to-OCF for today is -5.15.
The historical rank and industry rank for Macro Metals's EV-to-OCF or its related term are showing as below:
ASX:M4M'
s EV-to-OCF Range Over the Past 10 Years
Min: -6.65 Med: 0 Max: -6.65
Current: -6.65
During the past 13 years, the highest EV-to-OCF of Macro Metals was -6.65. The lowest was -6.65. And the median was .
ASX:M4M's EV-to-OCF is ranked better than 78.11% of 635
companies
in the Steel industry
Industry Median: 7.57
vs ASX:M4M: -6.65
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.
Macro Metals's PE Ratio (TTM) for today is calculated as:
Macro Metals's share price for today is A$0.0055.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Macro Metals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-0.002.
* 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.
Macro Metals EV-to-OCF Related Terms
Macro Metals EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Macro Metals'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, Macro Metals'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.
Macro Metals EV-to-OCF vs Steel Industry
For the Steel industry and Basic Materials sector, Macro Metals's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Macro Metals's EV-to-OCF falls into.
Macro Metals's current Enterprise Value is A$23.41 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Macro Metals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$-4.55 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.
Macro Metals (ASX:M4M) has a EV-to-OCF of -5.15 as of Aug. 07, 2026. According to the industry distribution chart, Macro Metals ranks #139 out of 635 companies in the Steel industry, placing it in the top 21.9%.
Is Macro Metals' EV-to-OCF too high?
Macro Metals' current EV-to-OCF is -5.15. Based on the distribution chart, Macro Metals ranks #139 out of 635 companies in the Steel industry, which is in the top quartile — a strong position relative to peers.
How does Macro Metals' EV-to-OCF compare to NUE and STLD?
According to the Steel industry distribution chart, Macro Metals ranks #139 out of 635 companies for EV-to-OCF. This places Macro Metals in the top 22% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 7.57. 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 7.57, based on 635 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. 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 7.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macro Metals's current EV-to-OCF is -5.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macro Metals stock overvalued right now?
Macro Metals (ASX:M4M) has a current EV-to-OCF of -5.15. The current EV-to-OCF is -5.15. 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 Macro Metals (ASX:M4M), the current EV-to-OCF is -5.15 as of Aug. 07, 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.
Macro Metals Ltd is a mineral exploration company. The principal activities of the company consist of exploration and evaluation of WA iron ore tenements, acquisition of additional prospective tenements in WA, proposed acquisition of Chilean lithium projects and continued evaluation of Agbaja Cast Steel Project. It operates in one industry segment, which is mineral exploration, evaluation, and development, and operates in two geographic segments: the Federal Republic of Nigeria and Australia.
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