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.
Daqo New EnergyDQ -4.86%66 EV-to-OCF is -4.66 as of Aug. 26, 2026. GuruFocus rates DQ with a GF Score™ of 66/100 and a GF Value™ of $9.80 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,033 Semiconductors companies, Daqo New Energy ranks better than 73.48% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Daqo New Energy's Enterprise Value is $564.6 Mil.
Daqo New Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $-121.1 Mil. Therefore, Daqo New Energy's EV-to-OCF for today is -4.66.
The historical rank and industry rank for Daqo New Energy's EV-to-OCF or its related term are showing as below:
DQ'
s EV-to-OCF Range Over the Past 10 Years
Min: -1519.87 Med: 3.19 Max: 45.86
Current: -4.66
During the past 13 years, the highest EV-to-OCF of Daqo New Energy was 45.86. The lowest was -1519.87. And the median was 3.19.
DQ's EV-to-OCF is ranked better than 73.48% of 1033
companies
in the Semiconductors industry
Industry Median: 13.2
vs DQ: -4.66
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.
Daqo New Energy's PE Ratio (TTM) for today is calculated as:
Daqo New Energy's share price for today is $13.52.
Daqo New Energy'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 $-2.840.
* 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.
Daqo New Energy EV-to-OCF Related Terms
Daqo New Energy EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Daqo New Energy'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 Semiconductor Equipment & Materials subindustry, Daqo New Energy'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.
Daqo New Energy EV-to-OCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Daqo New Energy's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Daqo New Energy's EV-to-OCF falls into.
Daqo New Energy's current Enterprise Value is $564.6 Mil.
Daqo New Energy'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 $-121.1 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.
Daqo New Energy (DQ) has a EV-to-OCF of -4.66 as of Aug. 26, 2026. According to the industry distribution chart, Daqo New Energy ranks #274 out of 1033 companies in the Semiconductors industry, placing it in the top 26.5%.
Is Daqo New Energy's EV-to-OCF too high?
Daqo New Energy's current EV-to-OCF is -4.66. Based on the distribution chart, Daqo New Energy ranks #274 out of 1033 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Daqo New Energy has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daqo New Energy's EV-to-OCF compare to ASYS and ATOM?
According to the Semiconductors industry distribution chart, Daqo New Energy ranks #274 out of 1033 companies for EV-to-OCF. This puts Daqo New Energy in the upper half of its industry. The industry median EV-to-OCF is 13.20. 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 Semiconductors company?
The median EV-to-OCF among Semiconductors companies is 13.20, based on 1,033 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. 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 Semiconductors industry, the median EV-to-OCF is 13.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daqo New Energy's current EV-to-OCF is -4.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daqo New Energy stock overvalued right now?
Based on GuruFocus' analysis, Daqo New Energy (DQ) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.80, compared to a current price of $13.52 — trading 38% above its estimated fair value. The current EV-to-OCF is -4.66. Daqo New Energy's overall GF Score™ is 66/100 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 Daqo New Energy (DQ), the current EV-to-OCF is -4.66 as of Aug. 26, 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 Daqo New Energy (DQ) Overvalued in 2026?
Based on GuruFocus' analysis, Daqo New Energy stock appears to be overvalued.
The current stock price of $13.52 is trading 38% above its estimated GF Value™ of $9.80.
GuruFocus considers Daqo New Energy to be Significantly Overvalued.
Key valuation signals for DQ:
EV-to-OCF: -4.66
GF Value™: $9.80 vs. price of $13.52 (38% above fair value)
No single metric tells the full story. See the DQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daqo New Energy Corp is a polysilicon manufacturer based in China. The company manufactures and sells high-purity polysilicon to manufacturers who use it to make ingots, cells, and modules for solar power solutions. The polysilicon is packaged to meet crucible stacking, pulling, and solidification needs. All of the company's revenues come from the People's Republic of China.
66GF Score
Get the complete analysis for DQ
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
DQ has been successfully added to your 
