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Vulcan SteelASX:VSL -1.68%54 EV-to-OCF is 22.22 as of Jul. 25, 2026, which is 82% above its 10-year median of 12.23. GuruFocus rates ASX:VSL with a GF Score™ of 54/100 and a GF Value™ of A$6.27 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 635 Steel companies, Vulcan Steel ranks worse than 80.31% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Vulcan Steel's Enterprise Value is A$1,247.6 Mil.
Vulcan Steel's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$56.1 Mil. Therefore, Vulcan Steel's EV-to-OCF for today is 22.22.
The historical rank and industry rank for Vulcan Steel's EV-to-OCF or its related term are showing as below:
ASX:VSL'
s EV-to-OCF Range Over the Past 10 Years
Min: 7.79 Med: 12.23 Max: 140.58
Current: 21.57
During the past 4 years, the highest EV-to-OCF of Vulcan Steel was 140.58. The lowest was 7.79. And the median was 12.23.
ASX:VSL's EV-to-OCF is ranked worse than 80.31% of 635
companies
in the Steel industry
Industry Median: 7.23
vs ASX:VSL: 21.57
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.
Vulcan Steel's PE Ratio (TTM) for today is calculated as:
Vulcan Steel's share price for today is A$5.27.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vulcan Steel's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.097.
* 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.
Vulcan Steel EV-to-OCF Related Terms
Vulcan Steel EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Vulcan Steel'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 Steel subindustry, Vulcan Steel'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.
Vulcan Steel EV-to-OCF vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Vulcan Steel's EV-to-OCF falls into.
Vulcan Steel's current Enterprise Value is A$1,247.6 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vulcan Steel's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$56.1 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.
Vulcan Steel (ASX:VSL) has a EV-to-OCF of 22.22 as of Jul. 25, 2026. This is 82% above median its historical median of 12.23. Over the past decade, Vulcan Steel's EV-to-OCF has ranged from 7.79 to 140.58. According to the industry distribution chart, Vulcan Steel ranks #510 out of 635 companies in the Steel industry, placing it in the top 80.3%.
Is Vulcan Steel's EV-to-OCF too high?
Vulcan Steel's current EV-to-OCF of 22.22 is 82% above median its 10-year median of 12.23. Over the past 10 years, this metric has ranged from a low of 7.79 to a high of 140.58. The Steel industry median EV-to-OCF is 7.23. Vulcan Steel's value of 22.22 is 207.3% above this industry median. Based on the distribution chart, Vulcan Steel ranks #510 out of 635 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vulcan Steel has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's EV-to-OCF compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #510 out of 635 companies for EV-to-OCF. This places Vulcan Steel in the lower half of its industry. The industry median EV-to-OCF is 7.23. Vulcan Steel's value of 22.22 is 207.3% above this benchmark. Historically, Vulcan Steel's own EV-to-OCF has ranged from 7.79 to 140.58 over the past decade. While the company's 10-year median is 12.23 vs. the industry median of 7.23, Vulcan Steel 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 Steel company?
The median EV-to-OCF among Steel companies is 7.23, based on 635 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. Vulcan Steel's current EV-to-OCF of 22.22 is 207.3% 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 Steel industry, the median EV-to-OCF is 7.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current EV-to-OCF is 22.22, which is 82% above median its own 10-year median of 12.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.27, compared to a current price of A$5.27 — trading 15.9% below its estimated fair value. The current EV-to-OCF is 22.22, which is 82% above median its 10-year median of 12.23 and 207.3% above the Steel industry median of 7.23. Vulcan Steel's overall GF Score™ is 54/100 with 5 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 Vulcan Steel (ASX:VSL), the current EV-to-OCF is 22.22 as of Jul. 25, 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 Vulcan Steel (ASX:VSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued.
The current stock price of A$5.27 is trading 15.9% below its estimated GF Value™ of A$6.27.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for ASX:VSL:
EV-to-OCF: 22.22 (82% above median its 10-year median of 12.23)
GF Value™: A$6.27 vs. price of A$5.27 (15.9% below fair value)
Industry Position: 207.3% above the Steel median (#510 of 635)
No single metric tells the full story. See the ASX:VSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
54GF Score
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