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Coles GroupFRA:2OF -0.71%75 EV-to-OCF is 14.47 as of Jul. 22, 2026, which is 20% above its 10-year median of 12.02. GuruFocus rates FRA:2OF with a GF Score™ of 75/100 and a GF Value™ of €12.04. The stock has 7 warning signs investors should review. Among 314 Retail - Defensive companies, Coles Group ranks worse than 74.84% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Coles Group's Enterprise Value is €25,310 Mil.
Coles Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €1,749 Mil. Therefore, Coles Group's EV-to-OCF for today is 14.47.
The historical rank and industry rank for Coles Group's EV-to-OCF or its related term are showing as below:
FRA:2OF'
s EV-to-OCF Range Over the Past 10 Years
Min: 8.57 Med: 12.02 Max: 14.38
Current: 13.3
During the past 8 years, the highest EV-to-OCF of Coles Group was 14.38. The lowest was 8.57. And the median was 12.02.
FRA:2OF's EV-to-OCF is ranked worse than 74.84% of 314
companies
in the Retail - Defensive industry
Industry Median: 7.595
vs FRA:2OF: 13.30
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.
Coles Group's PE Ratio (TTM) for today is calculated as:
Coles Group's share price for today is €14.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Coles Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.429.
* 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.
Coles Group EV-to-OCF Related Terms
Coles Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Coles Group'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 Grocery Stores subindustry, Coles Group'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.
Coles Group EV-to-OCF vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Coles Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Coles Group's EV-to-OCF falls into.
Coles Group's current Enterprise Value is €25,310 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Coles Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €1,749 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.
Coles Group (FRA:2OF) has a EV-to-OCF of 14.47 as of Jul. 22, 2026. This is 20% above median its historical median of 12.02. Over the past decade, Coles Group's EV-to-OCF has ranged from 8.57 to 14.38. According to the industry distribution chart, Coles Group ranks #235 out of 314 companies in the Retail - Defensive industry, placing it in the top 74.8%.
Is Coles Group's EV-to-OCF too high?
Coles Group's current EV-to-OCF of 14.47 is 20% above median its 10-year median of 12.02. Over the past 10 years, this metric has ranged from a low of 8.57 to a high of 14.38. The Retail - Defensive industry median EV-to-OCF is 7.60. Coles Group's value of 14.47 is 90.5% above this industry median. Based on the distribution chart, Coles Group ranks #235 out of 314 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Coles Group has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Coles Group's EV-to-OCF compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Coles Group ranks #235 out of 314 companies for EV-to-OCF. This places Coles Group in the lower half of its industry. The industry median EV-to-OCF is 7.60. Coles Group's value of 14.47 is 90.5% above this benchmark. Historically, Coles Group's own EV-to-OCF has ranged from 8.57 to 14.38 over the past decade. While the company's 10-year median is 12.02 vs. the industry median of 7.60, Coles Group 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 Retail - Defensive company?
The median EV-to-OCF among Retail - Defensive companies is 7.60, based on 314 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. Coles Group's current EV-to-OCF of 14.47 is 90.5% 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 Retail - Defensive industry, the median EV-to-OCF is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coles Group's current EV-to-OCF is 14.47, which is 20% above median its own 10-year median of 12.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coles Group stock overvalued right now?
Coles Group (FRA:2OF) has a current EV-to-OCF of 14.47. The stock's GF Value™ is €12.04, compared to a current price of €14.00 — trading 16.3% above its estimated fair value. The current EV-to-OCF is 14.47, which is 20% above median its 10-year median of 12.02 and 90.5% above the Retail - Defensive industry median of 7.60. Coles Group's overall GF Score™ is 75/100 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 Coles Group (FRA:2OF), the current EV-to-OCF is 14.47 as of Jul. 22, 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 Coles Group (FRA:2OF) Overvalued in 2026?
Based on GuruFocus' analysis, Coles Group stock appears to be overvalued.
The current stock price of €14.00 is trading 16.3% above its estimated GF Value™ of €12.04.
Key valuation signals for FRA:2OF:
EV-to-OCF: 14.47 (20% above median its 10-year median of 12.02)
GF Value™: €12.04 vs. price of €14.00 (16.3% above fair value)
Industry Position: 90.5% above the Retail - Defensive median (#235 of 314)
No single metric tells the full story. See the FRA:2OF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coles is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and the country's second-largest liquor chain. The group has an extensive store network of over 1,800 stores and roughly 80% of Australians live within a 10-minute drive from a Coles store. The retailer employs some 120,000 people, who process some 20 million individual customer transactions a week. This compares with Woolworths processing about 30 million customer transactions per week from Australia's population of 27 million.
75GF Score
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