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Horizon Bancorp (IN)FRA:4WC -9.83%36 EV-to-OCF is 11.80 as of Aug. 21, 2026, which is 30% below its 10-year median of 16.78. GuruFocus rates FRA:4WC with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 1,495 Banks companies, Horizon Bancorp (IN) ranks worse than 76.32% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Horizon Bancorp (IN)'s Enterprise Value is €999.66 Mil.
Horizon Bancorp (IN)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €84.72 Mil. Therefore, Horizon Bancorp (IN)'s EV-to-OCF for today is 11.80.
The historical rank and industry rank for Horizon Bancorp (IN)'s EV-to-OCF or its related term are showing as below:
FRA:4WC'
s EV-to-OCF Range Over the Past 10 Years
Min: -322.07 Med: 16.78 Max: 271.48
Current: 11.86
During the past 13 years, the highest EV-to-OCF of Horizon Bancorp (IN) was 271.48. The lowest was -322.07. And the median was 16.78.
FRA:4WC's EV-to-OCF is ranked worse than 76.32% of 1495
companies
in the Banks industry
Industry Median: 3.9
vs FRA:4WC: 11.86
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.
Horizon Bancorp (IN)'s PE Ratio (TTM) for today is calculated as:
Horizon Bancorp (IN)'s share price for today is €15.60.
Horizon Bancorp (IN)'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 €-2.677.
* 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.
Horizon Bancorp (IN) EV-to-OCF Related Terms
Horizon Bancorp (IN) EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Horizon Bancorp (IN)'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 Banks - Regional subindustry, Horizon Bancorp (IN)'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.
Horizon Bancorp (IN) EV-to-OCF vs Banks Industry
For the Banks industry and Financial Services sector, Horizon Bancorp (IN)'s EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Horizon Bancorp (IN)'s EV-to-OCF falls into.
Horizon Bancorp (IN)'s current Enterprise Value is €999.66 Mil.
Horizon Bancorp (IN)'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 €84.72 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.
Horizon Bancorp (IN) (FRA:4WC) has a EV-to-OCF of 11.80 as of Aug. 21, 2026. This is 30% below median its historical median of 16.78. According to the industry distribution chart, Horizon Bancorp (IN) ranks #1141 out of 1495 companies in the Banks industry, placing it in the top 76.3%.
Is Horizon Bancorp (IN)'s EV-to-OCF too high?
Horizon Bancorp (IN)'s current EV-to-OCF of 11.80 is 30% below median its 10-year median of 16.78. The Banks industry median EV-to-OCF is 3.90. Horizon Bancorp (IN)'s value of 11.80 is 202.6% above this industry median. Based on the distribution chart, Horizon Bancorp (IN) ranks #1141 out of 1495 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Horizon Bancorp (IN) has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Bancorp (IN)'s EV-to-OCF compare to CCNE and EQBK?
According to the Banks industry distribution chart, Horizon Bancorp (IN) ranks #1141 out of 1495 companies for EV-to-OCF. This places Horizon Bancorp (IN) in the lower half of its industry. The industry median EV-to-OCF is 3.90. Horizon Bancorp (IN)'s value of 11.80 is 202.6% above this benchmark. While the company's 10-year median is 16.78 vs. the industry median of 3.90, Horizon Bancorp (IN) 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 Banks company?
The median EV-to-OCF among Banks companies is 3.90, based on 1,495 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. Horizon Bancorp (IN)'s current EV-to-OCF of 11.80 is 202.6% 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 Banks industry, the median EV-to-OCF is 3.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Bancorp (IN)'s current EV-to-OCF is 11.80, which is 30% below median its own 10-year median of 16.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Bancorp (IN) stock overvalued right now?
Horizon Bancorp (IN) (FRA:4WC) has a current EV-to-OCF of 11.80. The current EV-to-OCF is 11.80, which is 30% below median its 10-year median of 16.78 and 202.6% above the Banks industry median of 3.90. Horizon Bancorp (IN)'s overall GF Score™ is 36/100 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 Horizon Bancorp (IN) (FRA:4WC), the current EV-to-OCF is 11.80 as of Aug. 21, 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.
Horizon Bancorp (IN) is a United States-based holding company providing banking services. It is engaged in providing commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. The company also provides commercial loans, real estate loans, mortgage warehouse loans, consumer loans, and other credit facilities. The company has one principal business segment, commercial banking.
36GF Score
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