Boku (FRA:B04) EV-to-OCF: 3.54 (As of Sep. 16, 2026) — 77% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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FRA:B04 Boku Inc FRA:B04
68 GF Score
Price €1.38
GF Value €2.55
Valuation Possible Value Trap
! 2 Warning Signs
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What is Boku EV-to-OCF?

Boku FRA:B04 +9.52% 68 EV-to-OCF is 3.54 as of Sep. 16, 2026, which is 77% below its 10-year median of 15.30. GuruFocus rates FRA:B04 with a GF Score™ of 68/100 and a GF Value™ of €2.55 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,876 Software companies, Boku ranks better than 59.35% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Boku's Enterprise Value is €239.4 Mil. Boku's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €67.7 Mil. Therefore, Boku's EV-to-OCF for today is 3.54.

The historical rank and industry rank for Boku's EV-to-OCF or its related term are showing as below:

FRA:B04' s EV-to-OCF Range Over the Past 10 Years
Min: -50.81   Med: 15.3   Max: 55.29
Current: 3.37

During the past 12 years, the highest EV-to-OCF of Boku was 55.29. The lowest was -50.81. And the median was 15.30.

FRA:B04's EV-to-OCF is ranked better than
59.35% of 2876 companies
in the Software industry
Industry Median: 6.79 vs FRA:B04: 3.37

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 (2026-09-16), Boku's stock price is €1.38. Boku's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.035. Therefore, Boku's PE Ratio (TTM) for today is 39.43.


Boku  (FRA:B04) 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.

Boku's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1.38/0.035
=39.43

Boku's share price for today is €1.38.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Boku's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.035.

* 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.


Boku EV-to-OCF Related Terms


Boku EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Boku'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.

Boku EV-to-OCF Chart

Boku Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.55 8.05 8.89 12.55 7.66

Boku Semi-Annual Data
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 0.00 12.80 12.36 9.18 10.02

FRA:B04 vs MSFT, PLTR, ORCL: EV-to-OCF Comparison

For the Software - Infrastructure subindustry, Boku'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.


Boku EV-to-OCF vs Software Industry

For the Software industry and Technology sector, Boku's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Boku's EV-to-OCF falls into.


FRA:B04
68GF Score
Boku Inc FRA:B04
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boku EV-to-OCF Calculation

Boku's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=239.400/67.67
=3.54

Boku's current Enterprise Value is €239.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Boku's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €67.7 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 3.54 mean?
Boku (FRA:B04) has a EV-to-OCF of 3.54 as of Sep. 16, 2026. This is 77% below median its historical median of 15.30. According to the industry distribution chart, Boku ranks #1169 out of 2876 companies in the Software industry, placing it in the top 40.6%.
Is Boku's EV-to-OCF too high?
Boku's current EV-to-OCF of 3.54 is 77% below median its 10-year median of 15.30. The Software industry median EV-to-OCF is 6.79. Boku's value of 3.54 is 47.9% below this industry median. Based on the distribution chart, Boku ranks #1169 out of 2876 companies in the Software industry, which is above the industry midpoint. Overall, Boku has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Boku's EV-to-OCF compare to MSFT and PLTR?
According to the Software industry distribution chart, Boku ranks #1169 out of 2876 companies for EV-to-OCF. This puts Boku in the upper half of its industry. The industry median EV-to-OCF is 6.79. Boku's value of 3.54 is 47.9% below this benchmark. While the company's 10-year median is 15.30 vs. the industry median of 6.79, Boku has consistently been below 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 6.79, based on 2,876 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. Boku's current EV-to-OCF of 3.54 is 47.9% below 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 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boku's current EV-to-OCF is 3.54, which is 77% below median its own 10-year median of 15.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boku stock overvalued right now?
Based on GuruFocus' analysis, Boku (FRA:B04) is currently considered Possible Value Trap. The stock's GF Value™ is €2.55, compared to a current price of €1.38 — trading 45.9% below its estimated fair value. The current EV-to-OCF is 3.54, which is 77% below median its 10-year median of 15.30 and 47.9% below the Software industry median of 6.79. Boku's overall GF Score™ is 68/100 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 Boku (FRA:B04), the current EV-to-OCF is 3.54 as of Sep. 16, 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 Boku (FRA:B04) Overvalued in 2026?

Based on GuruFocus' analysis, Boku stock appears to be undervalued. The current stock price of €1.38 is trading 45.9% below its estimated GF Value™ of €2.55. GuruFocus considers Boku to be Possible Value Trap.

Key valuation signals for FRA:B04:

  • EV-to-OCF: 3.54 (77% below median its 10-year median of 15.30)
  • GF Value™: €2.55 vs. price of €1.38 (45.9% below fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 47.9% below the Software median (#1169 of 2876)

No single metric tells the full story. See the FRA:B04 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Boku Business Description

Other Exchanges BOKU:UK
Address 660 Market Street, Suite 400, San Francisco, CA, USA, 94104
Boku Inc is a carrier billing company. Its technology enables mobile phone users to buy goods and services and make online payments using their mobile devices. The company's operating segment is Payments. It generates maximum revenue from the Payments segment, which is engaged in the provision of a payment platform that enables mobile phone users to buy goods and services and charge them to their mobile phone or prepaid balance. Its geographical segments are the Americas, APAC, and EMEA(Europe, the Middle East & Africa). The majority is from APAC.
68GF Score

Get the complete analysis for FRA:B04

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

€1.38
Price
€2.55
GF Value