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The Cheesecake FactoryFRA:CF2 +2.13%69 EV-to-OCF is 21.99 as of Aug. 03, 2026, which is 39% above its 10-year median of 15.85. GuruFocus rates FRA:CF2 with a GF Score™ of 69/100 and a GF Value™ of €43.73 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 364 Restaurants companies, The Cheesecake Factory ranks worse than 81.87% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, The Cheesecake Factory's Enterprise Value is €6,028 Mil.
The Cheesecake Factory's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €274 Mil. Therefore, The Cheesecake Factory's EV-to-OCF for today is 21.99.
The historical rank and industry rank for The Cheesecake Factory's EV-to-OCF or its related term are showing as below:
FRA:CF2'
s EV-to-OCF Range Over the Past 10 Years
Min: 6.59 Med: 15.85 Max: 1521.68
Current: 21.76
During the past 13 years, the highest EV-to-OCF of The Cheesecake Factory was 1521.68. The lowest was 6.59. And the median was 15.85.
FRA:CF2's EV-to-OCF is ranked worse than 81.87% of 364
companies
in the Restaurants industry
Industry Median: 10.04
vs FRA:CF2: 21.76
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.
The Cheesecake Factory (FRA:CF2) 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.
The Cheesecake Factory's PE Ratio (TTM) for today is calculated as:
The Cheesecake Factory's share price for today is €89.06.
The Cheesecake Factory's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.180.
* 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.
* 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 Restaurants subindustry, The Cheesecake Factory'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.
The Cheesecake Factory EV-to-OCF vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, The Cheesecake Factory's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where The Cheesecake Factory's EV-to-OCF falls into.
The Cheesecake Factory's current Enterprise Value is €6,028 Mil.
The Cheesecake Factory's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €274 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.
The Cheesecake Factory (FRA:CF2) has a EV-to-OCF of 21.99 as of Aug. 03, 2026. This is 39% above median its historical median of 15.85. Over the past decade, The Cheesecake Factory's EV-to-OCF has ranged from 6.59 to 1,521.68. According to the industry distribution chart, The Cheesecake Factory ranks #298 out of 364 companies in the Restaurants industry, placing it in the top 81.9%.
Is The Cheesecake Factory's EV-to-OCF too high?
The Cheesecake Factory's current EV-to-OCF of 21.99 is 39% above median its 10-year median of 15.85. Over the past 10 years, this metric has ranged from a low of 6.59 to a high of 1,521.68. The Restaurants industry median EV-to-OCF is 10.04. The Cheesecake Factory's value of 21.99 is 119% above this industry median. Based on the distribution chart, The Cheesecake Factory ranks #298 out of 364 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, The Cheesecake Factory has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Cheesecake Factory's EV-to-OCF compare to WING and SHAK?
According to the Restaurants industry distribution chart, The Cheesecake Factory ranks #298 out of 364 companies for EV-to-OCF. This places The Cheesecake Factory in the lower half of its industry. The industry median EV-to-OCF is 10.04. The Cheesecake Factory's value of 21.99 is 119% above this benchmark. Historically, The Cheesecake Factory's own EV-to-OCF has ranged from 6.59 to 1,521.68 over the past decade. While the company's 10-year median is 15.85 vs. the industry median of 10.04, The Cheesecake Factory 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 Restaurants company?
The median EV-to-OCF among Restaurants companies is 10.04, based on 364 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. The Cheesecake Factory's current EV-to-OCF of 21.99 is 119% 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 Restaurants industry, the median EV-to-OCF is 10.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Cheesecake Factory's current EV-to-OCF is 21.99, which is 39% above median its own 10-year median of 15.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Cheesecake Factory stock overvalued right now?
Based on GuruFocus' analysis, The Cheesecake Factory (FRA:CF2) is currently considered Significantly Overvalued. The stock's GF Value™ is €43.73, compared to a current price of €89.06 — trading 103.7% above its estimated fair value. The current EV-to-OCF is 21.99, which is 39% above median its 10-year median of 15.85 and 119% above the Restaurants industry median of 10.04. The Cheesecake Factory's overall GF Score™ is 69/100 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 The Cheesecake Factory (FRA:CF2), the current EV-to-OCF is 21.99 as of Aug. 03, 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 The Cheesecake Factory (FRA:CF2) Overvalued in 2026?
Based on GuruFocus' analysis, The Cheesecake Factory stock appears to be overvalued.
The current stock price of €89.06 is trading 103.7% above its estimated GF Value™ of €43.73.
GuruFocus considers The Cheesecake Factory to be Significantly Overvalued.
Key valuation signals for FRA:CF2:
EV-to-OCF: 21.99 (39% above median its 10-year median of 15.85)
GF Value™: €43.73 vs. price of €89.06 (103.7% above fair value)
Industry Position: 119% above the Restaurants median (#298 of 364)
No single metric tells the full story. See the FRA:CF2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Cheesecake Factory Inc is a restaurant company that owns and operates multiple casual dining brands across the United States and Canada under brands that include The Cheesecake Factory, North Italia, Flower Child, and additional brands within its Fox Restaurant Concepts portfolio. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, Other FRC, and Other. The majority of the company's revenue comes from the Cheesecake Factory restaurants segment.
69GF Score
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