Thorney OpportunitiesASX:TOP -0.92%38 EV-to-OCF is 105.40 as of Jul. 12, 2026, which is 2886% above its 10-year median of 3.53. GuruFocus rates ASX:TOP with a GF Score™ of 38/100 and a GF Value™ of A$0.96 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,506 Asset Management companies, Thorney Opportunities ranks worse than 95.15% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Thorney Opportunities's Enterprise Value is A$56.92 Mil.
Thorney Opportunities's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.54 Mil. Therefore, Thorney Opportunities's EV-to-OCF for today is 105.40.
The historical rank and industry rank for Thorney Opportunities's EV-to-OCF or its related term are showing as below:
ASX:TOP'
s EV-to-OCF Range Over the Past 10 Years
Min: -2121.26 Med: 3.53 Max: 105.4
Current: 105.4
During the past 13 years, the highest EV-to-OCF of Thorney Opportunities was 105.40. The lowest was -2121.26. And the median was 3.53.
ASX:TOP's EV-to-OCF is ranked worse than 95.15% of 1506
companies
in the Asset Management industry
Industry Median: 6.29
vs ASX:TOP: 105.40
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.
Thorney Opportunities's PE Ratio (TTM) for today is calculated as:
Thorney Opportunities's share price for today is A$0.54.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Thorney Opportunities's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.091.
* 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 Asset Management subindustry, Thorney Opportunities'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.
Thorney Opportunities EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Thorney Opportunities's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Thorney Opportunities's EV-to-OCF falls into.
Thorney Opportunities's current Enterprise Value is A$56.92 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Thorney Opportunities's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.54 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.
Thorney Opportunities (ASX:TOP) has a EV-to-OCF of 105.40 as of Jul. 12, 2026. This is 2886% above median its historical median of 3.53. According to the industry distribution chart, Thorney Opportunities ranks #1433 out of 1506 companies in the Asset Management industry, placing it in the top 95.2%.
Is Thorney Opportunities' EV-to-OCF too high?
Thorney Opportunities' current EV-to-OCF of 105.40 is 2886% above median its 10-year median of 3.53. The Asset Management industry median EV-to-OCF is 6.29. Thorney Opportunities' value of 105.40 is 1575.7% above this industry median. Based on the distribution chart, Thorney Opportunities ranks #1433 out of 1506 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Thorney Opportunities has a GF Score™ of 38/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thorney Opportunities' EV-to-OCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Thorney Opportunities ranks #1433 out of 1506 companies for EV-to-OCF. This places Thorney Opportunities in the lower half of its industry. The industry median EV-to-OCF is 6.29. Thorney Opportunities' value of 105.40 is 1575.7% above this benchmark. While the company's 10-year median is 3.53 vs. the industry median of 6.29, Thorney Opportunities 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 an Asset Management company?
The median EV-to-OCF among Asset Management companies is 6.29, based on 1,506 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. Thorney Opportunities's current EV-to-OCF of 105.40 is 1575.7% 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 Asset Management industry, the median EV-to-OCF is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thorney Opportunities's current EV-to-OCF is 105.40, which is 2886% above median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thorney Opportunities stock overvalued right now?
Based on GuruFocus' analysis, Thorney Opportunities (ASX:TOP) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.96, compared to a current price of A$0.54 — trading 43.8% below its estimated fair value. The current EV-to-OCF is 105.40, which is 2886% above median its 10-year median of 3.53 and 1575.7% above the Asset Management industry median of 6.29. Thorney Opportunities' overall GF Score™ is 38/100 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 Thorney Opportunities (ASX:TOP), the current EV-to-OCF is 105.40 as of Jul. 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.
Is Thorney Opportunities (ASX:TOP) Overvalued in 2026?
Based on GuruFocus' analysis, Thorney Opportunities stock appears to be undervalued.
The current stock price of A$0.54 is trading 43.8% below its estimated GF Value™ of A$0.96.
GuruFocus considers Thorney Opportunities to be Significantly Undervalued.
Key valuation signals for ASX:TOP:
EV-to-OCF: 105.40 (2886% above median its 10-year median of 3.53)
GF Value™: A$0.96 vs. price of A$0.54 (43.8% below fair value)
Industry Position: 1575.7% above the Asset Management median (#1433 of 1506)
No single metric tells the full story. See the ASX:TOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thorney Opportunities Ltd is an investment company that concentrates on producing absolute returns for shareholders over the medium to long term. Its principal activity is making investments in listed and unlisted securities in a variety of sectors, including media, automotive, energy, and pharmaceutical.
38GF Score
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