EMD (Western Asset Emg Markets Debt Fund) EV-to-OCF: 32.66 (As of Aug. 09, 2026) — 109% Above Median

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EMD Western Asset Emg Markets Debt Fund Inc EMD
54 GF Score
Price $10.60
GF Value $13.93
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Western Asset Emg Markets Debt Fund EV-to-OCF?

Western Asset Emg Markets Debt Fund EMD +0.09% 54 EV-to-OCF is 32.66 as of Aug. 09, 2026, which is 109% above its 10-year median of 15.60. GuruFocus rates EMD with a GF Score™ of 54/100 and a GF Value™ of $13.93 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,501 Asset Management companies, Western Asset Emg Markets Debt Fund ranks worse than 85.01% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Western Asset Emg Markets Debt Fund's Enterprise Value is $854.9 Mil. Western Asset Emg Markets Debt Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $26.2 Mil. Therefore, Western Asset Emg Markets Debt Fund's EV-to-OCF for today is 32.66.

The historical rank and industry rank for Western Asset Emg Markets Debt Fund's EV-to-OCF or its related term are showing as below:

EMD' s EV-to-OCF Range Over the Past 10 Years
Min: 4.16   Med: 15.6   Max: 52.47
Current: 32.66

During the past 9 years, the highest EV-to-OCF of Western Asset Emg Markets Debt Fund was 52.47. The lowest was 4.16. And the median was 15.60.

EMD's EV-to-OCF is ranked worse than
85.01% of 1501 companies
in the Asset Management industry
Industry Median: 5.95 vs EMD: 32.66

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.

As of today (2026-08-09), Western Asset Emg Markets Debt Fund's stock price is $10.60. Western Asset Emg Markets Debt Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $1.737. Therefore, Western Asset Emg Markets Debt Fund's PE Ratio (TTM) for today is 6.10.


Western Asset Emg Markets Debt Fund  (NYSE:EMD) 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.

Western Asset Emg Markets Debt Fund's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=10.60/1.737
=6.10

Western Asset Emg Markets Debt Fund's share price for today is $10.60.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Asset Emg Markets Debt Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $1.737.

* 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.


Western Asset Emg Markets Debt Fund EV-to-OCF Related Terms


Western Asset Emg Markets Debt Fund EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Western Asset Emg Markets Debt Fund'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.

Western Asset Emg Markets Debt Fund EV-to-OCF Chart

Western Asset Emg Markets Debt Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only 12.81 4.57 15.50 6.76 32.73

Western Asset Emg Markets Debt Fund Semi-Annual Data
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 15.50 0.00 6.76 0.00 32.73

EMD vs NDMO, NML, NCDL: EV-to-OCF Comparison

For the Asset Management subindustry, Western Asset Emg Markets Debt Fund'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.


Western Asset Emg Markets Debt Fund EV-to-OCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Emg Markets Debt Fund's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Western Asset Emg Markets Debt Fund's EV-to-OCF falls into.


EMD
54GF Score
Western Asset Emg Markets Debt Fund Inc EMD
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Asset Emg Markets Debt Fund EV-to-OCF Calculation

Western Asset Emg Markets Debt Fund's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=854.913/26.177
=32.66

Western Asset Emg Markets Debt Fund's current Enterprise Value is $854.9 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Asset Emg Markets Debt Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $26.2 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 32.66 mean?
Western Asset Emg Markets Debt Fund (EMD) has a EV-to-OCF of 32.66 as of Aug. 09, 2026. This is 109% above median its historical median of 15.60. Over the past decade, Western Asset Emg Markets Debt Fund's EV-to-OCF has ranged from 4.16 to 52.47. According to the industry distribution chart, Western Asset Emg Markets Debt Fund ranks #1276 out of 1501 companies in the Asset Management industry, placing it in the top 85%.
Is Western Asset Emg Markets Debt Fund's EV-to-OCF too high?
Western Asset Emg Markets Debt Fund's current EV-to-OCF of 32.66 is 109% above median its 10-year median of 15.60. Over the past 10 years, this metric has ranged from a low of 4.16 to a high of 52.47. The Asset Management industry median EV-to-OCF is 5.95. Western Asset Emg Markets Debt Fund's value of 32.66 is 448.9% above this industry median. Based on the distribution chart, Western Asset Emg Markets Debt Fund ranks #1276 out of 1501 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Western Asset Emg Markets Debt Fund has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Emg Markets Debt Fund's EV-to-OCF compare to NDMO and NML?
According to the Asset Management industry distribution chart, Western Asset Emg Markets Debt Fund ranks #1276 out of 1501 companies for EV-to-OCF. This places Western Asset Emg Markets Debt Fund in the lower half of its industry. The industry median EV-to-OCF is 5.95. Western Asset Emg Markets Debt Fund's value of 32.66 is 448.9% above this benchmark. Historically, Western Asset Emg Markets Debt Fund's own EV-to-OCF has ranged from 4.16 to 52.47 over the past decade. While the company's 10-year median is 15.60 vs. the industry median of 5.95, Western Asset Emg Markets Debt Fund 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 Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.95, based on 1,501 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. Western Asset Emg Markets Debt Fund's current EV-to-OCF of 32.66 is 448.9% 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 Asset Management industry, the median EV-to-OCF is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Emg Markets Debt Fund's current EV-to-OCF is 32.66, which is 109% above median its own 10-year median of 15.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Emg Markets Debt Fund stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Emg Markets Debt Fund (EMD) is currently considered Modestly Undervalued. The stock's GF Value™ is $13.93, compared to a current price of $10.60 — trading 23.9% below its estimated fair value. The current EV-to-OCF is 32.66, which is 109% above median its 10-year median of 15.60 and 448.9% above the Asset Management industry median of 5.95. Western Asset Emg Markets Debt Fund's overall GF Score™ is 54/100 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 Western Asset Emg Markets Debt Fund (EMD), the current EV-to-OCF is 32.66 as of Aug. 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 Western Asset Emg Markets Debt Fund (EMD) Overvalued in 2026?

Based on GuruFocus' analysis, Western Asset Emg Markets Debt Fund stock appears to be undervalued. The current stock price of $10.60 is trading 23.9% below its estimated GF Value™ of $13.93. GuruFocus considers Western Asset Emg Markets Debt Fund to be Modestly Undervalued.

Key valuation signals for EMD:

  • EV-to-OCF: 32.66 (109% above median its 10-year median of 15.60)
  • GF Value™: $13.93 vs. price of $10.60 (23.9% below fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 448.9% above the Asset Management median (#1276 of 1501)

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


Western Asset Emg Markets Debt Fund Business Description

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10010
Western Asset Emg Markets Debt Fund Inc is a non-diversified closed-end management and long term investment company. The primary investment objective of the company is to seek high current income, and the secondary objective is to seek capital appreciation.
54GF Score

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

$10.60
Price
$13.93
GF Value