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WAM ResearchASX:WAX -1.40%23 EV-to-OCF is 12.17 as of Aug. 09, 2026, which is 226% above its 10-year median of 3.73. GuruFocus rates ASX:WAX with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 1,501 Asset Management companies, WAM Research ranks worse than 64.29% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, WAM Research's Enterprise Value is A$207.84 Mil.
WAM Research's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$17.08 Mil. Therefore, WAM Research's EV-to-OCF for today is 12.17.
The historical rank and industry rank for WAM Research's EV-to-OCF or its related term are showing as below:
ASX:WAX'
s EV-to-OCF Range Over the Past 10 Years
Min: -58.4 Med: 3.73 Max: 57.23
Current: 12.17
During the past 13 years, the highest EV-to-OCF of WAM Research was 57.23. The lowest was -58.40. And the median was 3.73.
ASX:WAX's EV-to-OCF is ranked worse than 64.29% of 1501
companies
in the Asset Management industry
Industry Median: 5.95
vs ASX:WAX: 12.17
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.
WAM Research's PE Ratio (TTM) for today is calculated as:
WAM Research's share price for today is A$1.06.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. WAM Research's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-0.006.
* 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.
WAM Research EV-to-OCF Related Terms
WAM Research EV-to-OCF Historical Data
* Premium members only.
The historical data trend for WAM Research'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 Asset Management subindustry, WAM Research'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.
WAM Research EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WAM Research's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where WAM Research's EV-to-OCF falls into.
WAM Research's current Enterprise Value is A$207.84 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. WAM Research's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$17.08 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.
WAM Research (ASX:WAX) has a EV-to-OCF of 12.17 as of Aug. 09, 2026. This is 226% above median its historical median of 3.73. According to the industry distribution chart, WAM Research ranks #965 out of 1501 companies in the Asset Management industry, placing it in the top 64.3%.
Is WAM Research's EV-to-OCF too high?
WAM Research's current EV-to-OCF of 12.17 is 226% above median its 10-year median of 3.73. The Asset Management industry median EV-to-OCF is 5.95. WAM Research's value of 12.17 is 104.5% above this industry median. Based on the distribution chart, WAM Research ranks #965 out of 1501 companies in the Asset Management industry, which is below the industry midpoint. Overall, WAM Research has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does WAM Research's EV-to-OCF compare to BLK and BX?
According to the Asset Management industry distribution chart, WAM Research ranks #965 out of 1501 companies for EV-to-OCF. This places WAM Research in the lower half of its industry. The industry median EV-to-OCF is 5.95. WAM Research's value of 12.17 is 104.5% above this benchmark. While the company's 10-year median is 3.73 vs. the industry median of 5.95, WAM Research 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 5.95, based on 1,501 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. WAM Research's current EV-to-OCF of 12.17 is 104.5% 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 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WAM Research's current EV-to-OCF is 12.17, which is 226% above median its own 10-year median of 3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Research stock overvalued right now?
WAM Research (ASX:WAX) has a current EV-to-OCF of 12.17. The current EV-to-OCF is 12.17, which is 226% above median its 10-year median of 3.73 and 104.5% above the Asset Management industry median of 5.95. WAM Research's overall GF Score™ is 23/100 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 WAM Research (ASX:WAX), the current EV-to-OCF is 12.17 as of Aug. 09, 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.
WAM Research Ltd is engaged in making investments in listed companies, including cash, term deposits, and equity investments. The company's investment objectives are to deliver a stream of fully franked dividends and to achieve a high real rate of return, comprising both income and capital growth, within the risk parameters acceptable.
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