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.
Covestro AGCOVTY -1.75%66 EV-to-OCF is 15.75 as of Sep. 09, 2026, which is 80% above its 10-year median of 8.74. GuruFocus rates COVTY with a GF Score™ of 66/100 and a GF Value™ of $26.36 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,616 Chemicals companies, Covestro AG ranks worse than 61.76% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Covestro AG's Enterprise Value is $16,742 Mil.
Covestro AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $1,063 Mil. Therefore, Covestro AG's EV-to-OCF for today is 15.75.
The historical rank and industry rank for Covestro AG's EV-to-OCF or its related term are showing as below:
COVTY'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.27 Med: 8.74 Max: 28.64
Current: 15.75
During the past 13 years, the highest EV-to-OCF of Covestro AG was 28.64. The lowest was 3.27. And the median was 8.74.
COVTY's EV-to-OCF is ranked worse than 61.76% of 1616
companies
in the Chemicals industry
Industry Median: 11.45
vs COVTY: 15.75
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.
Covestro AG's PE Ratio (TTM) for today is calculated as:
Covestro AG's share price for today is $34.24.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Covestro AG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $-0.972.
* 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.
Covestro AG EV-to-OCF Related Terms
Covestro AG EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Covestro AG'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 Specialty Chemicals subindustry, Covestro AG'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.
Covestro AG EV-to-OCF vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Covestro AG's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Covestro AG's EV-to-OCF falls into.
Covestro AG's current Enterprise Value is $16,742 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Covestro AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $1,063 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.
Covestro AG (COVTY) has a EV-to-OCF of 15.75 as of Sep. 09, 2026. This is 80% above median its historical median of 8.74. Over the past decade, Covestro AG's EV-to-OCF has ranged from 3.27 to 28.64. According to the industry distribution chart, Covestro AG ranks #998 out of 1616 companies in the Chemicals industry, placing it in the top 61.8%.
Is Covestro AG's EV-to-OCF too high?
Covestro AG's current EV-to-OCF of 15.75 is 80% above median its 10-year median of 8.74. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 28.64. The Chemicals industry median EV-to-OCF is 11.45. Covestro AG's value of 15.75 is 37.6% above this industry median. Based on the distribution chart, Covestro AG ranks #998 out of 1616 companies in the Chemicals industry, which is below the industry midpoint. Overall, Covestro AG has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Covestro AG's EV-to-OCF compare to LIN and SHW?
According to the Chemicals industry distribution chart, Covestro AG ranks #998 out of 1616 companies for EV-to-OCF. This places Covestro AG in the lower half of its industry. The industry median EV-to-OCF is 11.45. Covestro AG's value of 15.75 is 37.6% above this benchmark. Historically, Covestro AG's own EV-to-OCF has ranged from 3.27 to 28.64 over the past decade. While the company's 10-year median is 8.74 vs. the industry median of 11.45, Covestro AG 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 Chemicals company?
The median EV-to-OCF among Chemicals companies is 11.45, based on 1,616 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. Covestro AG's current EV-to-OCF of 15.75 is 37.6% 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 Chemicals industry, the median EV-to-OCF is 11.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Covestro AG's current EV-to-OCF is 15.75, which is 80% above median its own 10-year median of 8.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covestro AG stock overvalued right now?
Based on GuruFocus' analysis, Covestro AG (COVTY) is currently considered Modestly Overvalued. The stock's GF Value™ is $26.36, compared to a current price of $34.24 — trading 29.9% above its estimated fair value. The current EV-to-OCF is 15.75, which is 80% above median its 10-year median of 8.74 and 37.6% above the Chemicals industry median of 11.45. Covestro AG's overall GF Score™ is 66/100 with 7 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 Covestro AG (COVTY), the current EV-to-OCF is 15.75 as of Sep. 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.
Is Covestro AG (COVTY) Overvalued in 2026?
Based on GuruFocus' analysis, Covestro AG stock appears to be overvalued.
The current stock price of $34.24 is trading 29.9% above its estimated GF Value™ of $26.36.
GuruFocus considers Covestro AG to be Modestly Overvalued.
Key valuation signals for COVTY:
EV-to-OCF: 15.75 (80% above median its 10-year median of 8.74)
GF Value™: $26.36 vs. price of $34.24 (29.9% above fair value)
Industry Position: 37.6% above the Chemicals median (#998 of 1616)
No single metric tells the full story. See the COVTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Covestro AG is a player in the polymer materials field. The firm is engaged in polyurethanes and polycarbonates products. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for the company's products is driven by cyclical end markets, such as automotive, construction, and furniture. The company's segment includes Performance Materials and Solutions & Specialties. The company generates the majority of its revenue from the Solutions & Specialties segment. The Solutions & Specialties segment includes six business entities: Engineering Plastics; Coatings & Adhesives; Tailored Urethanes; Thermoplastic Polyurethanes; Specialty Films; and Elastomers.
66GF Score
Get the complete analysis for COVTY
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
COVTY has been successfully added to your 
