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Stepchange HoldingsASX:STH 20 EV-to-OCF is 11.17 as of Aug. 12, 2026. GuruFocus rates ASX:STH with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 2,875 Software companies, Stepchange Holdings ranks worse than 64.17% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Stepchange Holdings's Enterprise Value is A$18.81 Mil.
Stepchange Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.68 Mil. Therefore, Stepchange Holdings's EV-to-OCF for today is 11.17.
The historical rank and industry rank for Stepchange Holdings's EV-to-OCF or its related term are showing as below:
ASX:STH'
s EV-to-OCF Range Over the Past 10 Years
Min: 11.68 Med: 0 Max: 11.68
Current: 11.68
During the past 2 years, the highest EV-to-OCF of Stepchange Holdings was 11.68. The lowest was 11.68. And the median was .
ASX:STH's EV-to-OCF is ranked worse than 64.17% of 2875
companies
in the Software industry
Industry Median: 6.98
vs ASX:STH: 11.68
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.
Stepchange Holdings's PE Ratio (TTM) for today is calculated as:
Stepchange Holdings's share price for today is A$0.145.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Stepchange Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.003.
* 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.
Stepchange Holdings EV-to-OCF Related Terms
Stepchange Holdings EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Stepchange Holdings'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, Stepchange Holdings'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.
Stepchange Holdings EV-to-OCF vs Software Industry
For the Software industry and Technology sector, Stepchange Holdings's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Stepchange Holdings's EV-to-OCF falls into.
Stepchange Holdings's current Enterprise Value is A$18.81 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Stepchange Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.68 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.
Stepchange Holdings (ASX:STH) has a EV-to-OCF of 11.17 as of Aug. 12, 2026. Over the past decade, Stepchange Holdings' EV-to-OCF has ranged from 11.68 to 11.68. According to the industry distribution chart, Stepchange Holdings ranks #1845 out of 2875 companies in the Software industry, placing it in the top 64.2%.
Is Stepchange Holdings' EV-to-OCF too high?
Stepchange Holdings' current EV-to-OCF is 11.17. Over the past 10 years, this metric has ranged from a low of 11.68 to a high of 11.68. The Software industry median EV-to-OCF is 6.98. Stepchange Holdings' value of 11.17 is 60% above this industry median. Based on the distribution chart, Stepchange Holdings ranks #1845 out of 2875 companies in the Software industry, which is below the industry midpoint. Overall, Stepchange Holdings has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Stepchange Holdings' EV-to-OCF compare to QH and SHOP?
According to the Software industry distribution chart, Stepchange Holdings ranks #1845 out of 2875 companies for EV-to-OCF. This places Stepchange Holdings in the lower half of its industry. The industry median EV-to-OCF is 6.98. Stepchange Holdings' value of 11.17 is 60% above this benchmark. Historically, Stepchange Holdings' own EV-to-OCF has ranged from 11.68 to 11.68 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 Software company?
The median EV-to-OCF among Software companies is 6.98, based on 2,875 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. Stepchange Holdings's current EV-to-OCF of 11.17 is 60% 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 6.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stepchange Holdings's current EV-to-OCF is 11.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stepchange Holdings stock overvalued right now?
Stepchange Holdings (ASX:STH) has a current EV-to-OCF of 11.17. The current EV-to-OCF is 11.17 and 60% above the Software industry median of 6.98. Stepchange Holdings' overall GF Score™ is 20/100 with 1 warning sign 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 Stepchange Holdings (ASX:STH), the current EV-to-OCF is 11.17 as of Aug. 12, 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.
Stepchange Holdings Ltd is engaged in providing software services. It delivers end-to-end SAP ERP and digital transformation service. Its services include: Strategic Alignment and Execution; Program and Project Management; Change Management; and Business Analysis.
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