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ObjectiveASX:OCL +3.18%81 EV-to-OCF is 10.81 as of Aug. 04, 2026, which is 63% below its 10-year median of 29.02. GuruFocus rates ASX:OCL with a GF Score™ of 81/100 and a GF Value™ of A$16.51 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,879 Software companies, Objective ranks worse than 60.58% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Objective's Enterprise Value is A$597.8 Mil.
Objective's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$55.3 Mil. Therefore, Objective's EV-to-OCF for today is 10.81.
The historical rank and industry rank for Objective's EV-to-OCF or its related term are showing as below:
ASX:OCL'
s EV-to-OCF Range Over the Past 10 Years
Min: -114.19 Med: 29.02 Max: 79.93
Current: 10.03
During the past 13 years, the highest EV-to-OCF of Objective was 79.93. The lowest was -114.19. And the median was 29.02.
ASX:OCL's EV-to-OCF is ranked worse than 60.58% of 2879
companies
in the Software industry
Industry Median: 6.68
vs ASX:OCL: 10.03
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.
Objective's share price for today is A$7.14.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Objective's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.383.
* 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.
Objective EV-to-OCF Related Terms
Objective EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Objective'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, Objective'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.
Objective EV-to-OCF vs Software Industry
For the Software industry and Technology sector, Objective's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Objective's EV-to-OCF falls into.
Objective's current Enterprise Value is A$597.8 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Objective's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$55.3 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.
Objective (ASX:OCL) has a EV-to-OCF of 10.81 as of Aug. 04, 2026. This is 63% below median its historical median of 29.02. According to the industry distribution chart, Objective ranks #1744 out of 2879 companies in the Software industry, placing it in the top 60.6%.
Is Objective's EV-to-OCF too high?
Objective's current EV-to-OCF of 10.81 is 63% below median its 10-year median of 29.02. The Software industry median EV-to-OCF is 6.68. Objective's value of 10.81 is 61.8% above this industry median. Based on the distribution chart, Objective ranks #1744 out of 2879 companies in the Software industry, which is below the industry midpoint. Overall, Objective has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Objective's EV-to-OCF compare to QH and SHOP?
According to the Software industry distribution chart, Objective ranks #1744 out of 2879 companies for EV-to-OCF. This places Objective in the lower half of its industry. The industry median EV-to-OCF is 6.68. Objective's value of 10.81 is 61.8% above this benchmark. While the company's 10-year median is 29.02 vs. the industry median of 6.68, Objective 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 6.68, based on 2,879 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. Objective's current EV-to-OCF of 10.81 is 61.8% 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 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Objective's current EV-to-OCF is 10.81, which is 63% below median its own 10-year median of 29.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Objective stock overvalued right now?
Based on GuruFocus' analysis, Objective (ASX:OCL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$16.51, compared to a current price of A$7.14 — trading 56.8% below its estimated fair value. The current EV-to-OCF is 10.81, which is 63% below median its 10-year median of 29.02 and 61.8% above the Software industry median of 6.68. Objective's overall GF Score™ is 81/100 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 Objective (ASX:OCL), the current EV-to-OCF is 10.81 as of Aug. 04, 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 Objective (ASX:OCL) Overvalued in 2026?
Based on GuruFocus' analysis, Objective stock appears to be undervalued.
The current stock price of A$7.14 is trading 56.8% below its estimated GF Value™ of A$16.51.
GuruFocus considers Objective to be Significantly Undervalued.
Key valuation signals for ASX:OCL:
EV-to-OCF: 10.81 (63% below median its 10-year median of 29.02)
GF Value™: A$16.51 vs. price of A$7.14 (56.8% below fair value)
Industry Position: 61.8% above the Software median (#1744 of 2879)
No single metric tells the full story. See the ASX:OCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Objective is a founder-led technology company providing software and services for compliance with government regulations. Objective's primary business is its content management software for the Australian public sector, which ensures government information can be gathered, located, accessed, supplemented, authored, collaborated on, signed off on, and shared in a compliant manner. Objective also offers products which encompass industry-specific applications of enterprise content management software, such as for assessing building development applications, compiling new regulations and providing ministerial briefs.
81GF Score
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