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Telstra GroupASX:TLS -0.60%78 EV-to-OCF is 9.58 as of Jul. 23, 2026, which is 9% above its 10-year median of 8.79. GuruFocus rates ASX:TLS with a GF Score™ of 78/100 and a GF Value™ of A$4.42 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 366 Telecommunication Services companies, Telstra Group ranks worse than 65.57% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Telstra Group's Enterprise Value is A$74,639 Mil.
Telstra Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$7,789 Mil. Therefore, Telstra Group's EV-to-OCF for today is 9.58.
The historical rank and industry rank for Telstra Group's EV-to-OCF or its related term are showing as below:
ASX:TLS'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.84 Med: 8.79 Max: 11.2
Current: 9.74
During the past 13 years, the highest EV-to-OCF of Telstra Group was 11.20. The lowest was 5.84. And the median was 8.79.
ASX:TLS's EV-to-OCF is ranked worse than 65.57% of 366
companies
in the Telecommunication Services industry
Industry Median: 7.11
vs ASX:TLS: 9.74
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.
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.
Telstra Group's PE Ratio (TTM) for today is calculated as:
Telstra Group's share price for today is A$4.93.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Telstra Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.198.
* 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.
Telstra Group EV-to-OCF Related Terms
Telstra Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Telstra 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 Telecom Services subindustry, Telstra 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.
Telstra Group EV-to-OCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telstra Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Telstra Group's EV-to-OCF falls into.
Telstra Group's current Enterprise Value is A$74,639 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Telstra Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$7,789 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.
Telstra Group (ASX:TLS) has a EV-to-OCF of 9.58 as of Jul. 23, 2026. This is near median its historical median of 8.79. Over the past decade, Telstra Group's EV-to-OCF has ranged from 5.84 to 11.20. According to the industry distribution chart, Telstra Group ranks #240 out of 366 companies in the Telecommunication Services industry, placing it in the top 65.6%.
Is Telstra Group's EV-to-OCF too high?
Telstra Group's current EV-to-OCF of 9.58 is near median its 10-year median of 8.79. Over the past 10 years, this metric has ranged from a low of 5.84 to a high of 11.20. The Telecommunication Services industry median EV-to-OCF is 7.11. Telstra Group's value of 9.58 is 34.7% above this industry median. Based on the distribution chart, Telstra Group ranks #240 out of 366 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telstra Group has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telstra Group's EV-to-OCF compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telstra Group ranks #240 out of 366 companies for EV-to-OCF. This places Telstra Group in the lower half of its industry. The industry median EV-to-OCF is 7.11. Telstra Group's value of 9.58 is 34.7% above this benchmark. Historically, Telstra Group's own EV-to-OCF has ranged from 5.84 to 11.20 over the past decade. While the company's 10-year median is 8.79 vs. the industry median of 7.11, Telstra 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 Telecommunication Services company?
The median EV-to-OCF among Telecommunication Services companies is 7.11, based on 366 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. Telstra Group's current EV-to-OCF of 9.58 is 34.7% 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 Telecommunication Services industry, the median EV-to-OCF is 7.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telstra Group's current EV-to-OCF is 9.58, which is near median its own 10-year median of 8.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telstra Group stock overvalued right now?
Based on GuruFocus' analysis, Telstra Group (ASX:TLS) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.42, compared to a current price of A$4.93 — trading 11.5% above its estimated fair value. The current EV-to-OCF is 9.58, which is near median its 10-year median of 8.79 and 34.7% above the Telecommunication Services industry median of 7.11. Telstra Group's overall GF Score™ is 78/100 with 6 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 Telstra Group (ASX:TLS), the current EV-to-OCF is 9.58 as of Jul. 23, 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 Telstra Group (ASX:TLS) Overvalued in 2026?
Based on GuruFocus' analysis, Telstra Group stock appears to be overvalued.
The current stock price of A$4.93 is trading 11.5% above its estimated GF Value™ of A$4.42.
GuruFocus considers Telstra Group to be Modestly Overvalued.
Key valuation signals for ASX:TLS:
EV-to-OCF: 9.58 (near median its 10-year median of 8.79)
GF Value™: A$4.42 vs. price of A$4.93 (11.5% above fair value)
Industry Position: 34.7% above the Telecommunication Services median (#240 of 366)
No single metric tells the full story. See the ASX:TLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telstra is Australia's largest telecommunications company, with dominant market shares in voice, mobile, enterprise telecom, and fixed-line broadband resale via the national broadband network. Telstra provides most of its services via its infrastructure assets, such as a fixed-line network (data centers, exchanges, poles, ducts, pits and pipes, fiber network), a mobile network, and mobile towers. Its customers span retail, corporate, government, wholesale, and overseas segments. Telstra also provides the government-owned, last-mile fixed-line National Broadband Network with long-term access to its infrastructure, in return for recurring payments. Finally, Telstra operates a leading telecom operation in Papua New Guinea and the surrounding South-Pacific countries.
78GF Score
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