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Northern Star ResourcesASX:NST -0.60%97 EV-to-OCF is 10.79 as of Jul. 31, 2026, which is 10% above its 10-year median of 9.79. GuruFocus rates ASX:NST with a GF Score™ of 97/100 and a GF Value™ of A$20.43 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,670 Metals & Mining companies, Northern Star Resources ranks worse than 87.83% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Northern Star Resources's Enterprise Value is A$29,453 Mil.
Northern Star Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$2,731 Mil. Therefore, Northern Star Resources's EV-to-OCF for today is 10.79.
The historical rank and industry rank for Northern Star Resources's EV-to-OCF or its related term are showing as below:
ASX:NST'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.9 Med: 9.79 Max: 24.59
Current: 10.74
During the past 13 years, the highest EV-to-OCF of Northern Star Resources was 24.59. The lowest was 3.90. And the median was 9.79.
ASX:NST's EV-to-OCF is ranked worse than 87.83% of 2670
companies
in the Metals & Mining industry
Industry Median: -8.44
vs ASX:NST: 10.74
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.
Northern Star Resources (ASX:NST) 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.
Northern Star Resources's PE Ratio (TTM) for today is calculated as:
Northern Star Resources's share price for today is A$19.90.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Northern Star Resources's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.175.
* 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.
* 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 Gold subindustry, Northern Star 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.
Northern Star Resources EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Northern Star Resources's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Northern Star Resources's EV-to-OCF falls into.
Northern Star Resources's current Enterprise Value is A$29,453 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Northern Star Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$2,731 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.
Northern Star Resources (ASX:NST) has a EV-to-OCF of 10.79 as of Jul. 31, 2026. This is 10% above median its historical median of 9.79. Over the past decade, Northern Star Resources' EV-to-OCF has ranged from 3.90 to 24.59. According to the industry distribution chart, Northern Star Resources ranks #2345 out of 2670 companies in the Metals & Mining industry, placing it in the top 87.8%.
Is Northern Star Resources' EV-to-OCF too high?
Northern Star Resources' current EV-to-OCF of 10.79 is 10% above median its 10-year median of 9.79. Over the past 10 years, this metric has ranged from a low of 3.90 to a high of 24.59. Based on the distribution chart, Northern Star Resources ranks #2345 out of 2670 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Northern Star Resources has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northern Star Resources' EV-to-OCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Northern Star Resources ranks #2345 out of 2670 companies for EV-to-OCF. This places Northern Star Resources in the lower half of its industry. Historically, Northern Star Resources' own EV-to-OCF has ranged from 3.90 to 24.59 over the past decade. 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 Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. 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. Northern Star Resources's current EV-to-OCF is 10.79, which is 10% above median its own 10-year median of 9.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Star Resources stock overvalued right now?
Based on GuruFocus' analysis, Northern Star Resources (ASX:NST) is currently considered Fairly Valued. The stock's GF Value™ is A$20.43, compared to a current price of A$19.90 — trading 2.6% below its estimated fair value. The current EV-to-OCF is 10.79, which is 10% above median its 10-year median of 9.79. Northern Star Resources' overall GF Score™ is 97/100 with 3 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 Northern Star Resources (ASX:NST), the current EV-to-OCF is 10.79 as of Jul. 31, 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 Northern Star Resources (ASX:NST) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Star Resources stock appears to be undervalued.
The current stock price of A$19.90 is trading 2.6% below its estimated GF Value™ of A$20.43.
GuruFocus considers Northern Star Resources to be Fairly Valued.
Key valuation signals for ASX:NST:
EV-to-OCF: 10.79 (10% above median its 10-year median of 9.79)
GF Value™: A$20.43 vs. price of A$19.90 (2.6% below fair value)
No single metric tells the full story. See the ASX:NST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2025 from its three wholly owned mining operations in Australia and Alaska. Its operations are the result of significant merger and acquisition activity including 14 acquisitions and four asset sales since 2010. It had roughly a decade of reserves at the end of fiscal 2025.
97GF Score
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