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Netwealth GroupASX:NWL -1.13%80 EV-to-OCF is 37.37 as of Aug. 21, 2026, which is 36% below its 10-year median of 58.35. GuruFocus rates ASX:NWL with a GF Score™ of 80/100 and a GF Value™ of A$36.18 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,877 Software companies, Netwealth Group ranks worse than 88.08% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Netwealth Group's Enterprise Value is A$5,279.1 Mil.
Netwealth Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$141.3 Mil. Therefore, Netwealth Group's EV-to-OCF for today is 37.37.
The historical rank and industry rank for Netwealth Group's EV-to-OCF or its related term are showing as below:
ASX:NWL'
s EV-to-OCF Range Over the Past 10 Years
Min: 34.81 Med: 58.35 Max: 122.91
Current: 40.63
During the past 8 years, the highest EV-to-OCF of Netwealth Group was 122.91. The lowest was 34.81. And the median was 58.35.
ASX:NWL's EV-to-OCF is ranked worse than 88.08% of 2877
companies
in the Software industry
Industry Median: 7.02
vs ASX:NWL: 40.63
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.
Netwealth Group's PE Ratio (TTM) for today is calculated as:
Netwealth Group's share price for today is A$21.86.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Netwealth Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.231.
* 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.
Netwealth Group EV-to-OCF Related Terms
Netwealth Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Netwealth 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 Software - Application subindustry, Netwealth 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.
Netwealth Group EV-to-OCF vs Software Industry
For the Software industry and Technology sector, Netwealth Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Netwealth Group's EV-to-OCF falls into.
Netwealth Group's current Enterprise Value is A$5,279.1 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Netwealth Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$141.3 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.
Netwealth Group (ASX:NWL) has a EV-to-OCF of 37.37 as of Aug. 21, 2026. This is 36% below median its historical median of 58.35. Over the past decade, Netwealth Group's EV-to-OCF has ranged from 34.81 to 122.91. According to the industry distribution chart, Netwealth Group ranks #2534 out of 2877 companies in the Software industry, placing it in the top 88.1%.
Is Netwealth Group's EV-to-OCF too high?
Netwealth Group's current EV-to-OCF of 37.37 is 36% below median its 10-year median of 58.35. Over the past 10 years, this metric has ranged from a low of 34.81 to a high of 122.91. The Software industry median EV-to-OCF is 7.02. Netwealth Group's value of 37.37 is 432.3% above this industry median. Based on the distribution chart, Netwealth Group ranks #2534 out of 2877 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Netwealth Group has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netwealth Group's EV-to-OCF compare to QH and SHOP?
According to the Software industry distribution chart, Netwealth Group ranks #2534 out of 2877 companies for EV-to-OCF. This places Netwealth Group in the lower half of its industry. The industry median EV-to-OCF is 7.02. Netwealth Group's value of 37.37 is 432.3% above this benchmark. Historically, Netwealth Group's own EV-to-OCF has ranged from 34.81 to 122.91 over the past decade. While the company's 10-year median is 58.35 vs. the industry median of 7.02, Netwealth Group has consistently been above 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 Software company?
The median EV-to-OCF among Software companies is 7.02, based on 2,877 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. Netwealth Group's current EV-to-OCF of 37.37 is 432.3% above 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 Software industry, the median EV-to-OCF is 7.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netwealth Group's current EV-to-OCF is 37.37, which is 36% below median its own 10-year median of 58.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netwealth Group stock overvalued right now?
Based on GuruFocus' analysis, Netwealth Group (ASX:NWL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$36.18, compared to a current price of A$21.86 — trading 39.6% below its estimated fair value. The current EV-to-OCF is 37.37, which is 36% below median its 10-year median of 58.35 and 432.3% above the Software industry median of 7.02. Netwealth Group's overall GF Score™ is 80/100 with 2 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 Netwealth Group (ASX:NWL), the current EV-to-OCF is 37.37 as of Aug. 21, 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 Netwealth Group (ASX:NWL) Overvalued in 2026?
Based on GuruFocus' analysis, Netwealth Group stock appears to be undervalued.
The current stock price of A$21.86 is trading 39.6% below its estimated GF Value™ of A$36.18.
GuruFocus considers Netwealth Group to be Significantly Undervalued.
Key valuation signals for ASX:NWL:
EV-to-OCF: 37.37 (36% below median its 10-year median of 58.35)
GF Value™: A$36.18 vs. price of A$21.86 (39.6% below fair value)
Industry Position: 432.3% above the Software median (#2534 of 2877)
No single metric tells the full story. See the ASX:NWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netwealth provides cloud-based investment administration software as a service in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform, which are managed by third-party investment managers.
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