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.
National BeverageFRA:20V -1.55%70 EV-to-OCF is 15.45 as of Sep. 12, 2026, which is 32% below its 10-year median of 22.65. GuruFocus rates FRA:20V with a GF Score™ of 70/100 and a GF Value™ of €37.10. The stock has 2 warning signs investors should review. Among 118 Beverages - Non-Alcoholic companies, National Beverage ranks worse than 66.95% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, National Beverage's Enterprise Value is €2,488 Mil.
National Beverage's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2026 was €161 Mil. Therefore, National Beverage's EV-to-OCF for today is 15.45.
The historical rank and industry rank for National Beverage's EV-to-OCF or its related term are showing as below:
FRA:20V'
s EV-to-OCF Range Over the Past 10 Years
Min: 10.57 Med: 22.65 Max: 45.02
Current: 15.45
During the past 13 years, the highest EV-to-OCF of National Beverage was 45.02. The lowest was 10.57. And the median was 22.65.
FRA:20V's EV-to-OCF is ranked worse than 66.95% of 118
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 10.375
vs FRA:20V: 15.45
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.
National Beverage's PE Ratio (TTM) for today is calculated as:
National Beverage's share price for today is €25.40.
National Beverage's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jul. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1.600.
* 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.
National Beverage EV-to-OCF Related Terms
National Beverage EV-to-OCF Historical Data
* Premium members only.
The historical data trend for National Beverage'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 Beverages - Non-Alcoholic subindustry, National Beverage'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.
National Beverage EV-to-OCF vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, National Beverage's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where National Beverage's EV-to-OCF falls into.
National Beverage's current Enterprise Value is €2,488 Mil.
National Beverage's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €161 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.
National Beverage (FRA:20V) has a EV-to-OCF of 15.45 as of Sep. 12, 2026. This is 32% below median its historical median of 22.65. Over the past decade, National Beverage's EV-to-OCF has ranged from 10.57 to 45.02. According to the industry distribution chart, National Beverage ranks #79 out of 118 companies in the Beverages - Non-Alcoholic industry, placing it in the top 66.9%.
Is National Beverage's EV-to-OCF too high?
National Beverage's current EV-to-OCF of 15.45 is 32% below median its 10-year median of 22.65. Over the past 10 years, this metric has ranged from a low of 10.57 to a high of 45.02. The Beverages - Non-Alcoholic industry median EV-to-OCF is 10.38. National Beverage's value of 15.45 is 48.9% above this industry median. Based on the distribution chart, National Beverage ranks #79 out of 118 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, National Beverage has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does National Beverage's EV-to-OCF compare to COCO and SUJA?
According to the Beverages - Non-Alcoholic industry distribution chart, National Beverage ranks #79 out of 118 companies for EV-to-OCF. This places National Beverage in the lower half of its industry. The industry median EV-to-OCF is 10.38. National Beverage's value of 15.45 is 48.9% above this benchmark. Historically, National Beverage's own EV-to-OCF has ranged from 10.57 to 45.02 over the past decade. While the company's 10-year median is 22.65 vs. the industry median of 10.38, National Beverage 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 Beverages - Non-Alcoholic company?
The median EV-to-OCF among Beverages - Non-Alcoholic companies is 10.38, based on 118 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. National Beverage's current EV-to-OCF of 15.45 is 48.9% 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 Beverages - Non-Alcoholic industry, the median EV-to-OCF is 10.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Beverage's current EV-to-OCF is 15.45, which is 32% below median its own 10-year median of 22.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Beverage stock overvalued right now?
National Beverage (FRA:20V) has a current EV-to-OCF of 15.45. The stock's GF Value™ is €37.10, compared to a current price of €25.40 — trading 31.5% below its estimated fair value. The current EV-to-OCF is 15.45, which is 32% below median its 10-year median of 22.65 and 48.9% above the Beverages - Non-Alcoholic industry median of 10.38. National Beverage's overall GF Score™ is 70/100 with 2 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 National Beverage (FRA:20V), the current EV-to-OCF is 15.45 as of Sep. 12, 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 National Beverage (FRA:20V) Overvalued in 2026?
Based on GuruFocus' analysis, National Beverage stock appears to be undervalued.
The current stock price of €25.40 is trading 31.5% below its estimated GF Value™ of €37.10.
Key valuation signals for FRA:20V:
EV-to-OCF: 15.45 (32% below median its 10-year median of 22.65)
GF Value™: €37.10 vs. price of €25.40 (31.5% below fair value)
Industry Position: 48.9% above the Beverages - Non-Alcoholic median (#79 of 118)
No single metric tells the full story. See the FRA:20V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants).
70GF Score
Get the complete analysis for FRA:20V
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
FRA:20V has been successfully added to your 
