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Chemring GroupCHIX:CHGL -1.52%84 EV-to-OCF is 18.32 as of Sep. 11, 2026, which is 37% above its 10-year median of 13.36. GuruFocus rates CHIX:CHGL with a GF Score™ of 84/100 and a GF Value™ of £4.45 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 361 Aerospace & Defense companies, Chemring Group ranks worse than 60.66% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Chemring Group's Enterprise Value is £1,544.5 Mil.
Chemring Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was £84.3 Mil. Therefore, Chemring Group's EV-to-OCF for today is 18.32.
The historical rank and industry rank for Chemring Group's EV-to-OCF or its related term are showing as below:
CHIX:CHGl'
s EV-to-OCF Range Over the Past 10 Years
Min: 7.26 Med: 13.36 Max: 23.37
Current: 18.72
During the past 13 years, the highest EV-to-OCF of Chemring Group was 23.37. The lowest was 7.26. And the median was 13.36.
CHIX:CHGl's EV-to-OCF is ranked worse than 60.66% of 361
companies
in the Aerospace & Defense industry
Industry Median: 13.24
vs CHIX:CHGl: 18.72
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.
Chemring Group's PE Ratio (TTM) for today is calculated as:
Chemring Group's share price for today is £5.17.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Chemring Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was £0.123.
* 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.
Chemring Group EV-to-OCF Related Terms
Chemring Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Chemring Group'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 Aerospace & Defense subindustry, Chemring Group'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.
Chemring Group EV-to-OCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Chemring Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Chemring Group's EV-to-OCF falls into.
Chemring Group's current Enterprise Value is £1,544.5 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Chemring Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was £84.3 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.
Chemring Group (CHIX:CHGL) has a EV-to-OCF of 18.32 as of Sep. 11, 2026. This is 37% above median its historical median of 13.36. Over the past decade, Chemring Group's EV-to-OCF has ranged from 7.26 to 23.37. According to the industry distribution chart, Chemring Group ranks #219 out of 361 companies in the Aerospace & Defense industry, placing it in the top 60.7%.
Is Chemring Group's EV-to-OCF too high?
Chemring Group's current EV-to-OCF of 18.32 is 37% above median its 10-year median of 13.36. Over the past 10 years, this metric has ranged from a low of 7.26 to a high of 23.37. The Aerospace & Defense industry median EV-to-OCF is 13.24. Chemring Group's value of 18.32 is 38.4% above this industry median. Based on the distribution chart, Chemring Group ranks #219 out of 361 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Chemring Group has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chemring Group's EV-to-OCF compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Chemring Group ranks #219 out of 361 companies for EV-to-OCF. This places Chemring Group in the lower half of its industry. The industry median EV-to-OCF is 13.24. Chemring Group's value of 18.32 is 38.4% above this benchmark. Historically, Chemring Group's own EV-to-OCF has ranged from 7.26 to 23.37 over the past decade. While the company's 10-year median is 13.36 vs. the industry median of 13.24, Chemring Group 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 Aerospace & Defense company?
The median EV-to-OCF among Aerospace & Defense companies is 13.24, based on 361 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. Chemring Group's current EV-to-OCF of 18.32 is 38.4% 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 Aerospace & Defense industry, the median EV-to-OCF is 13.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chemring Group's current EV-to-OCF is 18.32, which is 37% above median its own 10-year median of 13.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chemring Group stock overvalued right now?
Based on GuruFocus' analysis, Chemring Group (CHIX:CHGL) is currently considered Modestly Overvalued. The stock's GF Value™ is £4.45, compared to a current price of £5.17 — trading 16.2% above its estimated fair value. The current EV-to-OCF is 18.32, which is 37% above median its 10-year median of 13.36 and 38.4% above the Aerospace & Defense industry median of 13.24. Chemring Group's overall GF Score™ is 84/100 with 4 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 Chemring Group (CHIX:CHGL), the current EV-to-OCF is 18.32 as of Sep. 11, 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 Chemring Group (CHIX:CHGL) Overvalued in 2026?
Based on GuruFocus' analysis, Chemring Group stock appears to be overvalued.
The current stock price of £5.17 is trading 16.2% above its estimated GF Value™ of £4.45.
GuruFocus considers Chemring Group to be Modestly Overvalued.
Key valuation signals for CHIX:CHGL:
EV-to-OCF: 18.32 (37% above median its 10-year median of 13.36)
GF Value™: £4.45 vs. price of £5.17 (16.2% above fair value)
Industry Position: 38.4% above the Aerospace & Defense median (#219 of 361)
No single metric tells the full story. See the CHIX:CHGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chemring Group PLC is a defense technology company. The company's operating segment include: i) Countermeasures and Energetics segment: It is engaged in the development and manufacturing of expendable countermeasures for air and sea platforms, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile components, propellants, separation sub-systems, actuators, and energetic materials, ii) Sensors and Information: it is engaged in the development and manufacturing of electronic countermeasures, chemical and biological threat detection equipment, and explosive hazard detection (EHD) equipment. It generated the majority of the revenue from the Countermeasures and Energetics segment. Geographically, the maximum revenue is generated from the USA.
84GF Score
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