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WatercoASX:WAT 78 EV-to-OCF is 9.56 as of Aug. 04, 2026, which is 27% below its 10-year median of 13.12. GuruFocus rates ASX:WAT with a GF Score™ of 78/100 and a GF Value™ of A$7.79 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 3,077 Industrial Products companies, Waterco ranks better than 54.14% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Waterco's Enterprise Value is A$252.0 Mil.
Waterco's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$26.4 Mil. Therefore, Waterco's EV-to-OCF for today is 9.56.
The historical rank and industry rank for Waterco's EV-to-OCF or its related term are showing as below:
ASX:WAT'
s EV-to-OCF Range Over the Past 10 Years
Min: -44.25 Med: 13.12 Max: 48.69
Current: 9.56
During the past 13 years, the highest EV-to-OCF of Waterco was 48.69. The lowest was -44.25. And the median was 13.12.
ASX:WAT's EV-to-OCF is ranked better than 54.14% of 3077
companies
in the Industrial Products industry
Industry Median: 11.67
vs ASX:WAT: 9.56
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.
Waterco's share price for today is A$5.38.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Waterco's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.297.
* 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.
Waterco EV-to-OCF Related Terms
Waterco EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Waterco'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 Pollution & Treatment Controls subindustry, Waterco'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.
Waterco EV-to-OCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Waterco's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Waterco's EV-to-OCF falls into.
Waterco's current Enterprise Value is A$252.0 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Waterco's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$26.4 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.
Waterco (ASX:WAT) has a EV-to-OCF of 9.56 as of Aug. 04, 2026. This is 27% below median its historical median of 13.12. According to the industry distribution chart, Waterco ranks #1411 out of 3077 companies in the Industrial Products industry, placing it in the top 45.9%.
Is Waterco's EV-to-OCF too high?
Waterco's current EV-to-OCF of 9.56 is 27% below median its 10-year median of 13.12. The Industrial Products industry median EV-to-OCF is 11.67. Waterco's value of 9.56 is 18.1% below this industry median. Based on the distribution chart, Waterco ranks #1411 out of 3077 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Waterco has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waterco's EV-to-OCF compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Waterco ranks #1411 out of 3077 companies for EV-to-OCF. This puts Waterco in the upper half of its industry. The industry median EV-to-OCF is 11.67. Waterco's value of 9.56 is 18.1% below this benchmark. While the company's 10-year median is 13.12 vs. the industry median of 11.67, Waterco has consistently been below 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 Industrial Products company?
The median EV-to-OCF among Industrial Products companies is 11.67, based on 3,077 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. Waterco's current EV-to-OCF of 9.56 is 18.1% below 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 Industrial Products industry, the median EV-to-OCF is 11.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waterco's current EV-to-OCF is 9.56, which is 27% below median its own 10-year median of 13.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waterco stock overvalued right now?
Based on GuruFocus' analysis, Waterco (ASX:WAT) is currently considered Significantly Undervalued. The stock's GF Value™ is A$7.79, compared to a current price of A$5.38 — trading 30.9% below its estimated fair value. The current EV-to-OCF is 9.56, which is 27% below median its 10-year median of 13.12 and 18.1% below the Industrial Products industry median of 11.67. Waterco's overall GF Score™ is 78/100 with 3 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 Waterco (ASX:WAT), the current EV-to-OCF is 9.56 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 Waterco (ASX:WAT) Overvalued in 2026?
Based on GuruFocus' analysis, Waterco stock appears to be undervalued.
The current stock price of A$5.38 is trading 30.9% below its estimated GF Value™ of A$7.79.
GuruFocus considers Waterco to be Significantly Undervalued.
Key valuation signals for ASX:WAT:
EV-to-OCF: 9.56 (27% below median its 10-year median of 13.12)
GF Value™: A$7.79 vs. price of A$5.38 (30.9% below fair value)
Industry Position: 18.1% below the Industrial Products median (#1411 of 3077)
No single metric tells the full story. See the ASX:WAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waterco Ltd designs, manufactures, and distributes filtration and sanitisation products for swimming pools, spas, aquaculture, and water purification sectors. The company serves residential, commercial, and industrial markets in various countries. Waterco operates manufacturing and R&D facilities in Australia, New Zealand, Malaysia, China, and other countries. It also franchises Swimart, a pool and spa retail network in Australia and New Zealand, and is the exclusive distributor of Zane Solar Pool Heating systems. Waterco's product range includes pool equipment, water treatment systems, chemicals, and solar heating solutions. The company generates revenue predominantly through the sales of pool and spa equipment, water treatment systems, and franchising operations.
78GF Score
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