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Horizon OilFRA:HOJ 51 EV-to-OCF is 7.03 as of Aug. 19, 2026, which is 118% above its 10-year median of 3.23. GuruFocus rates FRA:HOJ with a GF Score™ of 51/100 and a GF Value™ of €0.09 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,025 Oil & Gas companies, Horizon Oil ranks worse than 53.37% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Horizon Oil's Enterprise Value is €257.81 Mil.
Horizon Oil's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €36.69 Mil. Therefore, Horizon Oil's EV-to-OCF for today is 7.03.
The historical rank and industry rank for Horizon Oil's EV-to-OCF or its related term are showing as below:
FRA:HOJ'
s EV-to-OCF Range Over the Past 10 Years
Min: 1.66 Med: 3.23 Max: 8.02
Current: 6.35
During the past 13 years, the highest EV-to-OCF of Horizon Oil was 8.02. The lowest was 1.66. And the median was 3.23.
FRA:HOJ's EV-to-OCF is ranked worse than 53.37% of 1025
companies
in the Oil & Gas industry
Industry Median: 5.63
vs FRA:HOJ: 6.35
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.
Horizon Oil's PE Ratio (TTM) for today is calculated as:
Horizon Oil's share price for today is €0.125.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Horizon Oil's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.004.
* 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.
Horizon Oil EV-to-OCF Related Terms
Horizon Oil EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Horizon Oil'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 Oil & Gas E&P subindustry, Horizon Oil'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.
Horizon Oil EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Oil's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Horizon Oil's EV-to-OCF falls into.
Horizon Oil's current Enterprise Value is €257.81 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Horizon Oil's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €36.69 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.
Horizon Oil (FRA:HOJ) has a EV-to-OCF of 7.03 as of Aug. 19, 2026. This is 118% above median its historical median of 3.23. Over the past decade, Horizon Oil's EV-to-OCF has ranged from 1.66 to 8.02. According to the industry distribution chart, Horizon Oil ranks #547 out of 1025 companies in the Oil & Gas industry, placing it in the top 53.4%.
Is Horizon Oil's EV-to-OCF too high?
Horizon Oil's current EV-to-OCF of 7.03 is 118% above median its 10-year median of 3.23. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 8.02. The Oil & Gas industry median EV-to-OCF is 5.63. Horizon Oil's value of 7.03 is 24.9% above this industry median. Based on the distribution chart, Horizon Oil ranks #547 out of 1025 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Horizon Oil has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's EV-to-OCF compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Horizon Oil ranks #547 out of 1025 companies for EV-to-OCF. This places Horizon Oil in the lower half of its industry. The industry median EV-to-OCF is 5.63. Horizon Oil's value of 7.03 is 24.9% above this benchmark. Historically, Horizon Oil's own EV-to-OCF has ranged from 1.66 to 8.02 over the past decade. While the company's 10-year median is 3.23 vs. the industry median of 5.63, Horizon Oil 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 an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.63, based on 1,025 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. Horizon Oil's current EV-to-OCF of 7.03 is 24.9% 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 Oil & Gas industry, the median EV-to-OCF is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Oil's current EV-to-OCF is 7.03, which is 118% above median its own 10-year median of 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.13 — trading 38.9% above its estimated fair value. The current EV-to-OCF is 7.03, which is 118% above median its 10-year median of 3.23 and 24.9% above the Oil & Gas industry median of 5.63. Horizon Oil's overall GF Score™ is 51/100 with 6 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 Horizon Oil (FRA:HOJ), the current EV-to-OCF is 7.03 as of Aug. 19, 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 Horizon Oil (FRA:HOJ) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued.
The current stock price of €0.13 is trading 38.9% above its estimated GF Value™ of €0.09.
GuruFocus considers Horizon Oil to be Significantly Overvalued.
Key valuation signals for FRA:HOJ:
EV-to-OCF: 7.03 (118% above median its 10-year median of 3.23)
GF Value™: €0.09 vs. price of €0.13 (38.9% above fair value)
Industry Position: 24.9% above the Oil & Gas median (#547 of 1025)
No single metric tells the full story. See the FRA:HOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
51GF Score
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