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Bitcoin TreasuryFRA:D2R +6.95%9 EV-to-OCF is -9.44 as of Aug. 22, 2026. GuruFocus rates FRA:D2R with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 547 Credit Services companies, Bitcoin Treasury ranks better than 68.01% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Bitcoin Treasury's Enterprise Value is €32.01 Mil.
Bitcoin Treasury's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €-3.39 Mil. Therefore, Bitcoin Treasury's EV-to-OCF for today is -9.44.
The historical rank and industry rank for Bitcoin Treasury's EV-to-OCF or its related term are showing as below:
FRA:D2R'
s EV-to-OCF Range Over the Past 10 Years
Min: -30.8 Med: -11.58 Max: -8.44
Current: -8.67
During the past 1 years, the highest EV-to-OCF of Bitcoin Treasury was -8.44. The lowest was -30.80. And the median was -11.58.
FRA:D2R's EV-to-OCF is ranked better than 68.01% of 547
companies
in the Credit Services industry
Industry Median: -0.82
vs FRA:D2R: -8.67
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.
Bitcoin Treasury's PE Ratio (TTM) for today is calculated as:
Bitcoin Treasury's share price for today is €2.00.
Bitcoin Treasury'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 €-25.112.
* 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.
Bitcoin Treasury EV-to-OCF Related Terms
Bitcoin Treasury EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Bitcoin Treasury'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 Credit Services subindustry, Bitcoin Treasury'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.
Bitcoin Treasury EV-to-OCF vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Bitcoin Treasury's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Bitcoin Treasury's EV-to-OCF falls into.
Bitcoin Treasury's current Enterprise Value is €32.01 Mil.
Bitcoin Treasury'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 €-3.39 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.
Bitcoin Treasury (FRA:D2R) has a EV-to-OCF of -9.44 as of Aug. 22, 2026. According to the industry distribution chart, Bitcoin Treasury ranks #175 out of 547 companies in the Credit Services industry, placing it in the top 32%.
Is Bitcoin Treasury's EV-to-OCF too high?
Bitcoin Treasury's current EV-to-OCF is -9.44. Based on the distribution chart, Bitcoin Treasury ranks #175 out of 547 companies in the Credit Services industry, which is above the industry midpoint. Overall, Bitcoin Treasury has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Bitcoin Treasury's EV-to-OCF compare to V and MA?
According to the Credit Services industry distribution chart, Bitcoin Treasury ranks #175 out of 547 companies for EV-to-OCF. This puts Bitcoin Treasury in the upper half of its industry. 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 Credit Services company?
A good EV-to-OCF depends on the Credit Services industry context. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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. Bitcoin Treasury's current EV-to-OCF is -9.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitcoin Treasury stock overvalued right now?
Bitcoin Treasury (FRA:D2R) has a current EV-to-OCF of -9.44. The current EV-to-OCF is -9.44. Bitcoin Treasury's overall GF Score™ is 9/100 with 3 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 Bitcoin Treasury (FRA:D2R), the current EV-to-OCF is -9.44 as of Aug. 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.
Bitcoin Treasury Corp provides Bitcoin services to institutional clients, with a current focus on Bitcoin lending, and to opportunistically pursue liquidity and collateral solutions. Its focus is to build shareholder value through the strategic accumulation and active deployment of Bitcoin, while growing Bitcoin per Share (BPS).
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