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Churchill DownsFRA:CHR +2.13%82 EV-to-OCF is 13.23 as of Aug. 04, 2026, which is 41% below its 10-year median of 22.25. GuruFocus rates FRA:CHR with a GF Score™ of 82/100 and a GF Value™ of €127.28. The stock has 4 warning signs investors should review. Among 856 Travel & Leisure companies, Churchill Downs ranks worse than 64.84% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Churchill Downs's Enterprise Value is €9,055 Mil.
Churchill Downs's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €685 Mil. Therefore, Churchill Downs's EV-to-OCF for today is 13.23.
The historical rank and industry rank for Churchill Downs's EV-to-OCF or its related term are showing as below:
FRA:CHR'
s EV-to-OCF Range Over the Past 10 Years
Min: 13.14 Med: 22.25 Max: 139.7
Current: 13.16
During the past 13 years, the highest EV-to-OCF of Churchill Downs was 139.70. The lowest was 13.14. And the median was 22.25.
FRA:CHR's EV-to-OCF is ranked worse than 64.84% of 856
companies
in the Travel & Leisure industry
Industry Median: 9.165
vs FRA:CHR: 13.16
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.
Churchill Downs's PE Ratio (TTM) for today is calculated as:
Churchill Downs's share price for today is €72.00.
Churchill Downs'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 €5.038.
* 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.
Churchill Downs EV-to-OCF Related Terms
Churchill Downs EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Churchill Downs'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 Gambling subindustry, Churchill Downs'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.
Churchill Downs EV-to-OCF vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Churchill Downs's EV-to-OCF falls into.
Churchill Downs's current Enterprise Value is €9,055 Mil.
Churchill Downs'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 €685 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.
Churchill Downs (FRA:CHR) has a EV-to-OCF of 13.23 as of Aug. 04, 2026. This is 41% below median its historical median of 22.25. Over the past decade, Churchill Downs' EV-to-OCF has ranged from 13.14 to 139.70. According to the industry distribution chart, Churchill Downs ranks #555 out of 856 companies in the Travel & Leisure industry, placing it in the top 64.8%.
Is Churchill Downs' EV-to-OCF too high?
Churchill Downs' current EV-to-OCF of 13.23 is 41% below median its 10-year median of 22.25. Over the past 10 years, this metric has ranged from a low of 13.14 to a high of 139.70. The Travel & Leisure industry median EV-to-OCF is 9.17. Churchill Downs' value of 13.23 is 44.4% above this industry median. Based on the distribution chart, Churchill Downs ranks #555 out of 856 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Churchill Downs has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Churchill Downs' EV-to-OCF compare to LNWO and SGHC?
According to the Travel & Leisure industry distribution chart, Churchill Downs ranks #555 out of 856 companies for EV-to-OCF. This places Churchill Downs in the lower half of its industry. The industry median EV-to-OCF is 9.17. Churchill Downs' value of 13.23 is 44.4% above this benchmark. Historically, Churchill Downs' own EV-to-OCF has ranged from 13.14 to 139.70 over the past decade. While the company's 10-year median is 22.25 vs. the industry median of 9.17, Churchill Downs 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 Travel & Leisure company?
The median EV-to-OCF among Travel & Leisure companies is 9.17, based on 856 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. Churchill Downs's current EV-to-OCF of 13.23 is 44.4% 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 Travel & Leisure industry, the median EV-to-OCF is 9.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Churchill Downs's current EV-to-OCF is 13.23, which is 41% below median its own 10-year median of 22.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Churchill Downs stock overvalued right now?
Churchill Downs (FRA:CHR) has a current EV-to-OCF of 13.23. The stock's GF Value™ is €127.28, compared to a current price of €72.00 — trading 43.4% below its estimated fair value. The current EV-to-OCF is 13.23, which is 41% below median its 10-year median of 22.25 and 44.4% above the Travel & Leisure industry median of 9.17. Churchill Downs' overall GF Score™ is 82/100 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 Churchill Downs (FRA:CHR), the current EV-to-OCF is 13.23 as of Aug. 04, 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 Churchill Downs (FRA:CHR) Overvalued in 2026?
Based on GuruFocus' analysis, Churchill Downs stock appears to be undervalued.
The current stock price of €72.00 is trading 43.4% below its estimated GF Value™ of €127.28.
Key valuation signals for FRA:CHR:
EV-to-OCF: 13.23 (41% below median its 10-year median of 22.25)
GF Value™: €127.28 vs. price of €72.00 (43.4% below fair value)
Industry Position: 44.4% above the Travel & Leisure median (#555 of 856)
No single metric tells the full story. See the FRA:CHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
82GF Score
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