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NOVONIXFRA:GC3 32 EV-to-OCF is -3.92 as of Aug. 11, 2026. GuruFocus rates FRA:GC3 with a GF Score™ of 32/100. The stock has 4 warning signs investors should review. Among 3,074 Industrial Products companies, NOVONIX ranks better than 76.9% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, NOVONIX's Enterprise Value is €109.18 Mil.
NOVONIX's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €-27.82 Mil. Therefore, NOVONIX's EV-to-OCF for today is -3.92.
The historical rank and industry rank for NOVONIX's EV-to-OCF or its related term are showing as below:
FRA:GC3'
s EV-to-OCF Range Over the Past 10 Years
Min: -3.82 Med: 0 Max: -3.82
Current: -3.82
During the past 11 years, the highest EV-to-OCF of NOVONIX was -3.82. The lowest was -3.82. And the median was .
FRA:GC3's EV-to-OCF is ranked better than 76.9% of 3074
companies
in the Industrial Products industry
Industry Median: 11.86
vs FRA:GC3: -3.82
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.
NOVONIX's share price for today is €0.0851.
NOVONIX'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 €0.000.
* 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.
NOVONIX EV-to-OCF Related Terms
NOVONIX EV-to-OCF Historical Data
* Premium members only.
The historical data trend for NOVONIX'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 Electrical Equipment & Parts subindustry, NOVONIX'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.
NOVONIX EV-to-OCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NOVONIX's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where NOVONIX's EV-to-OCF falls into.
NOVONIX's current Enterprise Value is €109.18 Mil.
NOVONIX'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 €-27.82 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.
NOVONIX (FRA:GC3) has a EV-to-OCF of -3.92 as of Aug. 11, 2026. According to the industry distribution chart, NOVONIX ranks #710 out of 3074 companies in the Industrial Products industry, placing it in the top 23.1%.
Is NOVONIX's EV-to-OCF too high?
NOVONIX's current EV-to-OCF is -3.92. Based on the distribution chart, NOVONIX ranks #710 out of 3074 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, NOVONIX has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does NOVONIX's EV-to-OCF compare to VRT and BE?
According to the Industrial Products industry distribution chart, NOVONIX ranks #710 out of 3074 companies for EV-to-OCF. This places NOVONIX in the top 23% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 11.86. 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 an Industrial Products company?
The median EV-to-OCF among Industrial Products companies is 11.86, based on 3,074 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. 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 Industrial Products industry, the median EV-to-OCF is 11.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOVONIX's current EV-to-OCF is -3.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOVONIX stock overvalued right now?
NOVONIX (FRA:GC3) has a current EV-to-OCF of -3.92. The current EV-to-OCF is -3.92. NOVONIX's overall GF Score™ is 32/100 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 NOVONIX (FRA:GC3), the current EV-to-OCF is -3.92 as of Aug. 11, 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.
NOVONIX Ltd is a battery technology company developing and scaling materials and equipment critical to the lithium-ion battery supply chain. The company has three operating segments: Battery Materials: It develops and manufactures battery anode materials, ii) Battery Technology: It develops and manufactures battery cell testing equipment, performs consulting services and carries out research and development in battery development, and Graphite Exploration: It manages the maintenance and future development of Mount Dromedary natural graphite deposit. The majority of the company's revenue is derived from the Battery Technology segment. Geographically, the maximum revenue is derived from North America, followed by Asia, and Europe.
32GF Score
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