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Mirvac GroupASX:MGR -1.12%70 EV-to-OCF is 16.82 as of Aug. 12, 2026, which is 22% below its 10-year median of 21.45. GuruFocus rates ASX:MGR with a GF Score™ of 70/100 and a GF Value™ of A$2.43 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 930 REITs companies, Mirvac Group ranks better than 54.41% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Mirvac Group's Enterprise Value is A$10,915 Mil.
Mirvac Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$649 Mil. Therefore, Mirvac Group's EV-to-OCF for today is 16.82.
The historical rank and industry rank for Mirvac Group's EV-to-OCF or its related term are showing as below:
ASX:MGR'
s EV-to-OCF Range Over the Past 10 Years
Min: -244.26 Med: 21.45 Max: 34.76
Current: 16.94
During the past 13 years, the highest EV-to-OCF of Mirvac Group was 34.76. The lowest was -244.26. And the median was 21.45.
ASX:MGR's EV-to-OCF is ranked better than 54.41% of 930
companies
in the REITs industry
Industry Median: 18.16
vs ASX:MGR: 16.94
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.
Mirvac Group's PE Ratio (TTM) for today is calculated as:
Mirvac Group's share price for today is A$1.77.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mirvac Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.098.
* 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.
Mirvac Group EV-to-OCF Related Terms
Mirvac Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Mirvac Group'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 REIT - Diversified subindustry, Mirvac Group'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.
Mirvac Group EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Mirvac Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Mirvac Group's EV-to-OCF falls into.
Mirvac Group's current Enterprise Value is A$10,915 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mirvac Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$649 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.
Mirvac Group (ASX:MGR) has a EV-to-OCF of 16.82 as of Aug. 12, 2026. This is 22% below median its historical median of 21.45. According to the industry distribution chart, Mirvac Group ranks #424 out of 930 companies in the REITs industry, placing it in the top 45.6%.
Is Mirvac Group's EV-to-OCF too high?
Mirvac Group's current EV-to-OCF of 16.82 is 22% below median its 10-year median of 21.45. The REITs industry median EV-to-OCF is 18.16. Mirvac Group's value of 16.82 is 7.4% below this industry median. Based on the distribution chart, Mirvac Group ranks #424 out of 930 companies in the REITs industry, which is above the industry midpoint. Overall, Mirvac Group has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mirvac Group's EV-to-OCF compare to VICI and WPC?
According to the REITs industry distribution chart, Mirvac Group ranks #424 out of 930 companies for EV-to-OCF. This puts Mirvac Group in the upper half of its industry. The industry median EV-to-OCF is 18.16. Mirvac Group's value of 16.82 is 7.4% below this benchmark. While the company's 10-year median is 21.45 vs. the industry median of 18.16, Mirvac Group 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 REITs company?
The median EV-to-OCF among REITs companies is 18.16, based on 930 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. Mirvac Group's current EV-to-OCF of 16.82 is 7.4% 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 REITs industry, the median EV-to-OCF is 18.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirvac Group's current EV-to-OCF is 16.82, which is 22% below median its own 10-year median of 21.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirvac Group stock overvalued right now?
Based on GuruFocus' analysis, Mirvac Group (ASX:MGR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.43, compared to a current price of A$1.77 — trading 27.2% below its estimated fair value. The current EV-to-OCF is 16.82, which is 22% below median its 10-year median of 21.45 and 7.4% below the REITs industry median of 18.16. Mirvac Group's overall GF Score™ is 70/100 with 9 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 Mirvac Group (ASX:MGR), the current EV-to-OCF is 16.82 as of Aug. 12, 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 Mirvac Group (ASX:MGR) Overvalued in 2026?
Based on GuruFocus' analysis, Mirvac Group stock appears to be undervalued.
The current stock price of A$1.77 is trading 27.2% below its estimated GF Value™ of A$2.43.
GuruFocus considers Mirvac Group to be Modestly Undervalued.
Key valuation signals for ASX:MGR:
EV-to-OCF: 16.82 (22% below median its 10-year median of 21.45)
GF Value™: A$2.43 vs. price of A$1.77 (27.2% below fair value)
Industry Position: 7.4% below the REITs median (#424 of 930)
No single metric tells the full story. See the ASX:MGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mirvac started off as a residential property developer and over time expanded into property investment, funds management, and commercial property development. Investment is the major earnings driver, generating about two-thirds of group earnings. The investment portfolio, by book value, is made up of 50% office, 20% retail, 15% industrial and the rest is build-to-rent and land lease assets. Longer term, Mirvac aims to increase exposure to the industrial and living sectors and own fewer offices and retail centers. Development income is volatile and was around one-fourth of fiscal 2025 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.
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