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F5FFIV +2.44%90 EV-to-OCF is 20.83 as of Aug. 11, 2026, which is 43% above its 10-year median of 14.57. GuruFocus rates FFIV with a GF Score™ of 90/100 and a GF Value™ of $293.88 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,874 Software companies, F5 ranks worse than 77.73% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, F5's Enterprise Value is $21,863 Mil.
F5's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $1,049 Mil. Therefore, F5's EV-to-OCF for today is 20.83.
The historical rank and industry rank for F5's EV-to-OCF or its related term are showing as below:
FFIV'
s EV-to-OCF Range Over the Past 10 Years
Min: 7.66 Med: 14.57 Max: 25.05
Current: 20.83
During the past 13 years, the highest EV-to-OCF of F5 was 25.05. The lowest was 7.66. And the median was 14.57.
FFIV's EV-to-OCF is ranked worse than 77.73% of 2874
companies
in the Software industry
Industry Median: 6.93
vs FFIV: 20.83
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 (2026-08-11), F5's stock price is $409.99.
F5's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $12.560. Therefore, F5's PE Ratio (TTM) for today is 32.64.
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.
F5's share price for today is $409.99.
F5'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 $12.560.
* 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.
F5 EV-to-OCF Related Terms
F5 EV-to-OCF Historical Data
* Premium members only.
The historical data trend for F5'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 Software - Infrastructure subindustry, F5'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.
F5 EV-to-OCF vs Software Industry
For the Software industry and Technology sector, F5's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where F5's EV-to-OCF falls into.
F5's current Enterprise Value is $21,863 Mil.
F5'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 $1,049 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.
F5 (FFIV) has a EV-to-OCF of 20.83 as of Aug. 11, 2026. This is 43% above median its historical median of 14.57. Over the past decade, F5's EV-to-OCF has ranged from 7.66 to 25.05. According to the industry distribution chart, F5 ranks #2234 out of 2874 companies in the Software industry, placing it in the top 77.7%.
Is F5's EV-to-OCF too high?
F5's current EV-to-OCF of 20.83 is 43% above median its 10-year median of 14.57. Over the past 10 years, this metric has ranged from a low of 7.66 to a high of 25.05. The Software industry median EV-to-OCF is 6.93. F5's value of 20.83 is 200.6% above this industry median. Based on the distribution chart, F5 ranks #2234 out of 2874 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, F5 has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does F5's EV-to-OCF compare to ZS and MDB?
According to the Software industry distribution chart, F5 ranks #2234 out of 2874 companies for EV-to-OCF. This places F5 in the lower half of its industry. The industry median EV-to-OCF is 6.93. F5's value of 20.83 is 200.6% above this benchmark. Historically, F5's own EV-to-OCF has ranged from 7.66 to 25.05 over the past decade. While the company's 10-year median is 14.57 vs. the industry median of 6.93, F5 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 Software company?
The median EV-to-OCF among Software companies is 6.93, based on 2,874 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. F5's current EV-to-OCF of 20.83 is 200.6% 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 Software industry, the median EV-to-OCF is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. F5's current EV-to-OCF is 20.83, which is 43% above median its own 10-year median of 14.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is F5 stock overvalued right now?
Based on GuruFocus' analysis, F5 (FFIV) is currently considered Significantly Overvalued. The stock's GF Value™ is $293.88, compared to a current price of $409.99 — trading 39.5% above its estimated fair value. The current EV-to-OCF is 20.83, which is 43% above median its 10-year median of 14.57 and 200.6% above the Software industry median of 6.93. F5's overall GF Score™ is 90/100 with 5 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 F5 (FFIV), the current EV-to-OCF is 20.83 as of Aug. 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 F5 (FFIV) Overvalued in 2026?
Based on GuruFocus' analysis, F5 stock appears to be overvalued.
The current stock price of $409.99 is trading 39.5% above its estimated GF Value™ of $293.88.
GuruFocus considers F5 to be Significantly Overvalued.
Key valuation signals for FFIV:
EV-to-OCF: 20.83 (43% above median its 10-year median of 14.57)
GF Value™: $293.88 vs. price of $409.99 (39.5% above fair value)
Industry Position: 200.6% above the Software median (#2234 of 2874)
No single metric tells the full story. See the FFIV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, and went public in 1999.
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