Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Note ABCHIX:NOTES 95 EV-to-OCF is 21.46 as of Aug. 03, 2026, which is 70% above its 10-year median of 12.65. GuruFocus rates CHIX:NOTES with a GF Score™ of 95/100 and a GF Value™ of kr168.86 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,494 Hardware companies, Note AB ranks worse than 69.61% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Note AB's Enterprise Value is kr5,751 Mil.
Note AB's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was kr268 Mil. Therefore, Note AB's EV-to-OCF for today is 21.46.
The historical rank and industry rank for Note AB's EV-to-OCF or its related term are showing as below:
CHIX:NOTEs'
s EV-to-OCF Range Over the Past 10 Years
Min: -295.19 Med: 12.65 Max: 1194.53
Current: 21.63
During the past 13 years, the highest EV-to-OCF of Note AB was 1194.53. The lowest was -295.19. And the median was 12.65.
CHIX:NOTEs's EV-to-OCF is ranked worse than 69.61% of 2494
companies
in the Hardware industry
Industry Median: 8.71
vs CHIX:NOTEs: 21.63
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 (2026-08-03), Note AB's stock price is kr145.10.
Note AB's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was kr8.740. Therefore, Note AB's PE Ratio (TTM) for today is 16.60.
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.
Note AB's share price for today is kr145.10.
Note AB's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr8.740.
* 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.
Note AB EV-to-OCF Related Terms
Note AB EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Note AB'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 Electronic Components subindustry, Note AB'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.
Note AB EV-to-OCF vs Hardware Industry
For the Hardware industry and Technology sector, Note AB's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Note AB's EV-to-OCF falls into.
Note AB's current Enterprise Value is kr5,751 Mil.
Note AB's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr268 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.
Note AB (CHIX:NOTES) has a EV-to-OCF of 21.46 as of Aug. 03, 2026. This is 70% above median its historical median of 12.65. According to the industry distribution chart, Note AB ranks #1736 out of 2494 companies in the Hardware industry, placing it in the top 69.6%.
Is Note AB's EV-to-OCF too high?
Note AB's current EV-to-OCF of 21.46 is 70% above median its 10-year median of 12.65. The Hardware industry median EV-to-OCF is 8.71. Note AB's value of 21.46 is 146.4% above this industry median. Based on the distribution chart, Note AB ranks #1736 out of 2494 companies in the Hardware industry, which is below the industry midpoint. Overall, Note AB has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Note AB's EV-to-OCF compare to APH and GLW?
According to the Hardware industry distribution chart, Note AB ranks #1736 out of 2494 companies for EV-to-OCF. This places Note AB in the lower half of its industry. The industry median EV-to-OCF is 8.71. Note AB's value of 21.46 is 146.4% above this benchmark. While the company's 10-year median is 12.65 vs. the industry median of 8.71, Note AB 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 Hardware company?
The median EV-to-OCF among Hardware companies is 8.71, based on 2,494 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. Note AB's current EV-to-OCF of 21.46 is 146.4% 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 Hardware industry, the median EV-to-OCF is 8.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Note AB's current EV-to-OCF is 21.46, which is 70% above median its own 10-year median of 12.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note AB stock overvalued right now?
Based on GuruFocus' analysis, Note AB (CHIX:NOTES) is currently considered Modestly Undervalued. The stock's GF Value™ is kr168.86, compared to a current price of kr145.10 — trading 14.1% below its estimated fair value. The current EV-to-OCF is 21.46, which is 70% above median its 10-year median of 12.65 and 146.4% above the Hardware industry median of 8.71. Note AB's overall GF Score™ is 95/100 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 Note AB (CHIX:NOTES), the current EV-to-OCF is 21.46 as of Aug. 03, 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 Note AB (CHIX:NOTES) Overvalued in 2026?
Based on GuruFocus' analysis, Note AB stock appears to be undervalued.
The current stock price of kr145.10 is trading 14.1% below its estimated GF Value™ of kr168.86.
GuruFocus considers Note AB to be Modestly Undervalued.
Key valuation signals for CHIX:NOTES:
EV-to-OCF: 21.46 (70% above median its 10-year median of 12.65)
GF Value™: kr168.86 vs. price of kr145.10 (14.1% below fair value)
Industry Position: 146.4% above the Hardware median (#1736 of 2494)
No single metric tells the full story. See the CHIX:NOTES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.
95GF Score
Get the complete analysis for CHIX:NOTES
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:NOTES has been successfully added to your 
