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EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, McMillan Shakespeare's Enterprise Value is A$2,113.0 Mil.
McMillan Shakespeare's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$-44.7 Mil. Therefore, McMillan Shakespeare's EV-to-OCF for today is -47.31.
The historical rank and industry rank for McMillan Shakespeare's EV-to-OCF or its related term are showing as below:
ASX:MMS'
s EV-to-OCF Range Over the Past 10 Years
Min: -46.36 Med: 9.51 Max: 75.13
Current: -46.36
During the past 13 years, the highest EV-to-OCF of McMillan Shakespeare was 75.13. The lowest was -46.36. And the median was 9.51.
ASX:MMS's EV-to-OCF is ranked better than 94.4% of 1089
companies
in the Business Services industry
Industry Median: 7.14
vs ASX:MMS: -46.36
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.
McMillan Shakespeare's PE Ratio (TTM) for today is calculated as:
McMillan Shakespeare's share price for today is A$19.85.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. McMillan Shakespeare's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.428.
* 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.
McMillan Shakespeare EV-to-OCF Related Terms
McMillan Shakespeare EV-to-OCF Historical Data
* Premium members only.
The historical data trend for McMillan Shakespeare'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 Staffing & Employment Services subindustry, McMillan Shakespeare'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.
McMillan Shakespeare EV-to-OCF vs Business Services Industry
For the Business Services industry and Industrials sector, McMillan Shakespeare's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where McMillan Shakespeare's EV-to-OCF falls into.
McMillan Shakespeare's current Enterprise Value is A$2,113.0 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. McMillan Shakespeare's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$-44.7 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.
McMillan Shakespeare (ASX:MMS) has a EV-to-OCF of -47.31 as of Jul. 29, 2026. According to the industry distribution chart, McMillan Shakespeare ranks #61 out of 1089 companies in the Business Services industry, placing it in the top 5.6%.
Is McMillan Shakespeare's EV-to-OCF too high?
McMillan Shakespeare's current EV-to-OCF is -47.31. Based on the distribution chart, McMillan Shakespeare ranks #61 out of 1089 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, McMillan Shakespeare has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does McMillan Shakespeare's EV-to-OCF compare to KFY and RHI?
According to the Business Services industry distribution chart, McMillan Shakespeare ranks #61 out of 1089 companies for EV-to-OCF. This places McMillan Shakespeare in the top 6% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 7.14. 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 7.14, based on 1,089 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 Business Services industry, the median EV-to-OCF is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McMillan Shakespeare's current EV-to-OCF is -47.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McMillan Shakespeare stock overvalued right now?
Based on GuruFocus' analysis, McMillan Shakespeare (ASX:MMS) is currently considered Modestly Undervalued. The stock's GF Value™ is A$24.70, compared to a current price of A$19.85 — trading 19.6% below its estimated fair value. The current EV-to-OCF is -47.31. McMillan Shakespeare's overall GF Score™ is 78/100 with 13 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 McMillan Shakespeare (ASX:MMS), the current EV-to-OCF is -47.31 as of Jul. 29, 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 McMillan Shakespeare (ASX:MMS) Overvalued in 2026?
Based on GuruFocus' analysis, McMillan Shakespeare stock appears to be undervalued.
The current stock price of A$19.85 is trading 19.6% below its estimated GF Value™ of A$24.70.
GuruFocus considers McMillan Shakespeare to be Modestly Undervalued.
Key valuation signals for ASX:MMS:
EV-to-OCF: -47.31
GF Value™: A$24.70 vs. price of A$19.85 (19.6% below fair value)
No single metric tells the full story. See the ASX:MMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.
78GF Score
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