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EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, MGX Resources's Enterprise Value is A$32.4 Mil.
MGX Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was A$-20.6 Mil. Therefore, MGX Resources's EV-to-OCF for today is -1.57.
The historical rank and industry rank for MGX Resources's EV-to-OCF or its related term are showing as below:
ASX:MGX'
s EV-to-OCF Range Over the Past 10 Years
Min: -2.72 Med: 3.86 Max: 90.24
Current: -2.72
During the past 13 years, the highest EV-to-OCF of MGX Resources was 90.24. The lowest was -2.72. And the median was 3.86.
ASX:MGX's EV-to-OCF is ranked better than 73.82% of 634
companies
in the Steel industry
Industry Median: 7.545
vs ASX:MGX: -2.72
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.
MGX Resources's PE Ratio (TTM) for today is calculated as:
MGX Resources's share price for today is A$0.355.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MGX Resources's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was A$-0.026.
* 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.
MGX Resources EV-to-OCF Related Terms
MGX Resources EV-to-OCF Historical Data
* Premium members only.
The historical data trend for MGX 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, MGX 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.
MGX Resources EV-to-OCF vs Steel Industry
For the Steel industry and Basic Materials sector, MGX Resources's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where MGX Resources's EV-to-OCF falls into.
MGX Resources's current Enterprise Value is A$32.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MGX Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was A$-20.6 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.
MGX Resources (ASX:MGX) has a EV-to-OCF of -1.57 as of Sep. 02, 2026. According to the industry distribution chart, MGX Resources ranks #166 out of 634 companies in the Steel industry, placing it in the top 26.2%.
Is MGX Resources' EV-to-OCF too high?
MGX Resources' current EV-to-OCF is -1.57. Based on the distribution chart, MGX Resources ranks #166 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, MGX Resources has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MGX Resources' EV-to-OCF compare to NUE and STLD?
According to the Steel industry distribution chart, MGX Resources ranks #166 out of 634 companies for EV-to-OCF. This puts MGX Resources in the upper half of its industry. The industry median EV-to-OCF is 7.55. 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 7.55, 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. 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 7.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGX Resources's current EV-to-OCF is -1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Resources stock overvalued right now?
Based on GuruFocus' analysis, MGX Resources (ASX:MGX) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.18, compared to a current price of A$0.36 — trading 97.2% above its estimated fair value. The current EV-to-OCF is -1.57. MGX Resources' overall GF Score™ is 35/100 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 MGX Resources (ASX:MGX), the current EV-to-OCF is -1.57 as of Sep. 02, 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 MGX Resources (ASX:MGX) Overvalued in 2026?
Based on GuruFocus' analysis, MGX Resources stock appears to be overvalued.
The current stock price of A$0.36 is trading 97.2% above its estimated GF Value™ of A$0.18.
GuruFocus considers MGX Resources to be Significantly Overvalued.
Key valuation signals for ASX:MGX:
EV-to-OCF: -1.57
GF Value™: A$0.18 vs. price of A$0.36 (97.2% above fair value)
No single metric tells the full story. See the ASX:MGX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGX Resources Ltd is an Australian mining company. The company's flagship production asset is the Koolan Island mine in WA's Kimberley region. The Company also holds precious and base metals exploration tenements in the Mid-West and Gascoyne regions of Western Australia. Its other projects include the Central Tanami Gold Project and the WA Exploration - Tallering Peak and Edmund Basin.
35GF Score
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