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Enapter AGFRA:H2O 55 EV-to-OCF is -12.79 as of Sep. 16, 2026. GuruFocus rates FRA:H2O with a GF Score™ of 55/100 and a GF Value™ of €2.98 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 3,088 Industrial Products companies, Enapter AG ranks better than 82.51% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Enapter AG's Enterprise Value is €65.80 Mil.
Enapter AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €-5.14 Mil. Therefore, Enapter AG's EV-to-OCF for today is -12.79.
The historical rank and industry rank for Enapter AG's EV-to-OCF or its related term are showing as below:
FRA:H2O'
s EV-to-OCF Range Over the Past 10 Years
Min: -68.62 Med: -17.57 Max: -8.77
Current: -12.64
During the past 9 years, the highest EV-to-OCF of Enapter AG was -8.77. The lowest was -68.62. And the median was -17.57.
FRA:H2O's EV-to-OCF is ranked better than 82.51% of 3088
companies
in the Industrial Products industry
Industry Median: 11.15
vs FRA:H2O: -12.64
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.
Enapter AG's share price for today is €1.055.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Enapter AG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-1.035.
* 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.
Enapter AG EV-to-OCF Related Terms
Enapter AG EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Enapter AG'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 Specialty Industrial Machinery subindustry, Enapter AG'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.
Enapter AG EV-to-OCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Enapter AG's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Enapter AG's EV-to-OCF falls into.
Enapter AG's current Enterprise Value is €65.80 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Enapter AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €-5.14 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.
Enapter AG (FRA:H2O) has a EV-to-OCF of -12.79 as of Sep. 16, 2026. According to the industry distribution chart, Enapter AG ranks #540 out of 3088 companies in the Industrial Products industry, placing it in the top 17.5%.
Is Enapter AG's EV-to-OCF too high?
Enapter AG's current EV-to-OCF is -12.79. Based on the distribution chart, Enapter AG ranks #540 out of 3088 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Enapter AG has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Enapter AG's EV-to-OCF compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Enapter AG ranks #540 out of 3088 companies for EV-to-OCF. This places Enapter AG in the top 18% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 11.15. 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 11.15, based on 3,088 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 11.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enapter AG's current EV-to-OCF is -12.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enapter AG stock overvalued right now?
Based on GuruFocus' analysis, Enapter AG (FRA:H2O) is currently considered Possible Value Trap. The stock's GF Value™ is €2.98, compared to a current price of €1.06 — trading 64.6% below its estimated fair value. The current EV-to-OCF is -12.79. Enapter AG's overall GF Score™ is 55/100 with 8 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 Enapter AG (FRA:H2O), the current EV-to-OCF is -12.79 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 Enapter AG (FRA:H2O) Overvalued in 2026?
Based on GuruFocus' analysis, Enapter AG stock appears to be undervalued.
The current stock price of €1.06 is trading 64.6% below its estimated GF Value™ of €2.98.
GuruFocus considers Enapter AG to be Possible Value Trap.
Key valuation signals for FRA:H2O:
EV-to-OCF: -12.79
GF Value™: €2.98 vs. price of €1.06 (64.6% below fair value)
No single metric tells the full story. See the FRA:H2O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enapter AG is engaged in research and development in the field of hydrogen systems with a focus on electrolysis, project management in Renewable Energy Systems and Smart-Grid Technology, software development for Smart Grid, Smart Energy and Industry 4.0 and Internet of Things (IoT), and manufacturing and production, design, planning, trading and resale of electrolysers and similar products and related software and control systems. Specifically, the Enapter Group develops and manufactures patented electrolysers based on Anion Exchange Membrane (AEM) technology. the Group had only one reportable segment which is the design and production of hydrogen generators based on patented anion exchange membrane electrolysis (AEM electrolysis) and pursues.
55GF Score
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