Thessaloniki Water Supply & Sewerage Co (ATH:EYAPS) EV-to-OCF: 12.53 (As of Sep. 05, 2026) — 98% Above Median

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ATH:EYAPS Thessaloniki Water Supply & Sewerage Co SA ATH:EYAPS
76 GF Score
Price €4.70
GF Value €3.84
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Thessaloniki Water Supply & Sewerage Co EV-to-OCF?

Thessaloniki Water Supply & Sewerage Co ATH:EYAPS -1.05% 76 EV-to-OCF is 12.53 as of Sep. 05, 2026, which is 98% above its 10-year median of 6.34. GuruFocus rates ATH:EYAPS with a GF Score™ of 76/100 and a GF Value™ of €3.84 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 507 Utilities - Regulated companies, Thessaloniki Water Supply & Sewerage Co ranks worse than 58.38% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Thessaloniki Water Supply & Sewerage Co's Enterprise Value is €122.25 Mil. Thessaloniki Water Supply & Sewerage Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €9.76 Mil. Therefore, Thessaloniki Water Supply & Sewerage Co's EV-to-OCF for today is 12.53.

The historical rank and industry rank for Thessaloniki Water Supply & Sewerage Co's EV-to-OCF or its related term are showing as below:

ATH:EYAPS' s EV-to-OCF Range Over the Past 10 Years
Min: 1.12   Med: 6.34   Max: 22.83
Current: 12.79

During the past 13 years, the highest EV-to-OCF of Thessaloniki Water Supply & Sewerage Co was 22.83. The lowest was 1.12. And the median was 6.34.

ATH:EYAPS's EV-to-OCF is ranked worse than
58.38% of 507 companies
in the Utilities - Regulated industry
Industry Median: 10.42 vs ATH:EYAPS: 12.79

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.

As of today (2026-09-05), Thessaloniki Water Supply & Sewerage Co's stock price is €4.70. Thessaloniki Water Supply & Sewerage Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.212. Therefore, Thessaloniki Water Supply & Sewerage Co's PE Ratio (TTM) for today is 22.17.


Thessaloniki Water Supply & Sewerage Co  (ATH:EYAPS) EV-to-OCF Explanation

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.

Thessaloniki Water Supply & Sewerage Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=4.70/0.212
=22.17

Thessaloniki Water Supply & Sewerage Co's share price for today is €4.70.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Thessaloniki Water Supply & Sewerage Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.212.

* 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.


Thessaloniki Water Supply & Sewerage Co EV-to-OCF Related Terms


Thessaloniki Water Supply & Sewerage Co EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Thessaloniki Water Supply & Sewerage Co'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.

Thessaloniki Water Supply & Sewerage Co EV-to-OCF Chart

Thessaloniki Water Supply & Sewerage Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.96 16.15 7.25 9.02 9.51

Thessaloniki Water Supply & Sewerage Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.25 0.00 9.02 0.00 9.51

ATH:EYAPS vs AWK, WTRG, AWR: EV-to-OCF Comparison

For the Utilities - Regulated Water subindustry, Thessaloniki Water Supply & Sewerage Co'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.


Thessaloniki Water Supply & Sewerage Co EV-to-OCF vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Thessaloniki Water Supply & Sewerage Co's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Thessaloniki Water Supply & Sewerage Co's EV-to-OCF falls into.


ATH:EYAPS
76GF Score
Thessaloniki Water Supply & Sewerage Co SA ATH:EYAPS
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thessaloniki Water Supply & Sewerage Co EV-to-OCF Calculation

Thessaloniki Water Supply & Sewerage Co's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=122.245/9.759
=12.53

Thessaloniki Water Supply & Sewerage Co's current Enterprise Value is €122.25 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Thessaloniki Water Supply & Sewerage Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €9.76 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 12.53 mean?
Thessaloniki Water Supply & Sewerage Co (ATH:EYAPS) has a EV-to-OCF of 12.53 as of Sep. 05, 2026. This is 98% above median its historical median of 6.34. Over the past decade, Thessaloniki Water Supply & Sewerage Co's EV-to-OCF has ranged from 1.12 to 22.83. According to the industry distribution chart, Thessaloniki Water Supply & Sewerage Co ranks #296 out of 507 companies in the Utilities - Regulated industry, placing it in the top 58.4%.
Is Thessaloniki Water Supply & Sewerage Co's EV-to-OCF too high?
Thessaloniki Water Supply & Sewerage Co's current EV-to-OCF of 12.53 is 98% above median its 10-year median of 6.34. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 22.83. The Utilities - Regulated industry median EV-to-OCF is 10.42. Thessaloniki Water Supply & Sewerage Co's value of 12.53 is 20.2% above this industry median. Based on the distribution chart, Thessaloniki Water Supply & Sewerage Co ranks #296 out of 507 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Thessaloniki Water Supply & Sewerage Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thessaloniki Water Supply & Sewerage Co's EV-to-OCF compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Thessaloniki Water Supply & Sewerage Co ranks #296 out of 507 companies for EV-to-OCF. This places Thessaloniki Water Supply & Sewerage Co in the lower half of its industry. The industry median EV-to-OCF is 10.42. Thessaloniki Water Supply & Sewerage Co's value of 12.53 is 20.2% above this benchmark. Historically, Thessaloniki Water Supply & Sewerage Co's own EV-to-OCF has ranged from 1.12 to 22.83 over the past decade. While the company's 10-year median is 6.34 vs. the industry median of 10.42, Thessaloniki Water Supply & Sewerage Co 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 Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.42, based on 507 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. Thessaloniki Water Supply & Sewerage Co's current EV-to-OCF of 12.53 is 20.2% 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 Utilities - Regulated industry, the median EV-to-OCF is 10.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thessaloniki Water Supply & Sewerage Co's current EV-to-OCF is 12.53, which is 98% above median its own 10-year median of 6.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thessaloniki Water Supply & Sewerage Co stock overvalued right now?
Based on GuruFocus' analysis, Thessaloniki Water Supply & Sewerage Co (ATH:EYAPS) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.84, compared to a current price of €4.70 — trading 22.4% above its estimated fair value. The current EV-to-OCF is 12.53, which is 98% above median its 10-year median of 6.34 and 20.2% above the Utilities - Regulated industry median of 10.42. Thessaloniki Water Supply & Sewerage Co's overall GF Score™ is 76/100 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 Thessaloniki Water Supply & Sewerage Co (ATH:EYAPS), the current EV-to-OCF is 12.53 as of Sep. 05, 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 Thessaloniki Water Supply & Sewerage Co (ATH:EYAPS) Overvalued in 2026?

Based on GuruFocus' analysis, Thessaloniki Water Supply & Sewerage Co stock appears to be overvalued. The current stock price of €4.70 is trading 22.4% above its estimated GF Value™ of €3.84. GuruFocus considers Thessaloniki Water Supply & Sewerage Co to be Modestly Overvalued.

Key valuation signals for ATH:EYAPS:

  • EV-to-OCF: 12.53 (98% above median its 10-year median of 6.34)
  • GF Value™: €3.84 vs. price of €4.70 (22.4% above fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 20.2% above the Utilities - Regulated median (#296 of 507)

No single metric tells the full story. See the ATH:EYAPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thessaloniki Water Supply & Sewerage Co Business Description

Other Exchanges T9W:Germany
Address 127 Egnatia Street, Thessaloniki, GRC, 54635
Thessaloniki Water Supply & Sewerage Co SA is engaged in providing water supply and sewerage services. The company also provides telecommunication services and the production and sale of electricity. The operating segments of the company are the provision of water supply services and the provision of sewerage services, where the provision of water supply services segment derives a majority of the revenue.
76GF Score

Get the complete analysis for ATH:EYAPS

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.70
Price
€3.84
GF Value