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Kardex Holding AGFRA:KAX2 -2.48%89 EV-to-OCF is 34.86 as of Sep. 10, 2026, which is 51% above its 10-year median of 23.02. GuruFocus rates FRA:KAX2 with a GF Score™ of 89/100 and a GF Value™ of €325.83 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 3,086 Industrial Products companies, Kardex Holding AG ranks worse than 78.39% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Kardex Holding AG's Enterprise Value is €1,833.4 Mil.
Kardex Holding AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €52.6 Mil. Therefore, Kardex Holding AG's EV-to-OCF for today is 34.86.
The historical rank and industry rank for Kardex Holding AG's EV-to-OCF or its related term are showing as below:
FRA:KAX2'
s EV-to-OCF Range Over the Past 10 Years
Min: 9.79 Med: 23.02 Max: 156.61
Current: 36.32
During the past 13 years, the highest EV-to-OCF of Kardex Holding AG was 156.61. The lowest was 9.79. And the median was 23.02.
FRA:KAX2's EV-to-OCF is ranked worse than 78.39% of 3086
companies
in the Industrial Products industry
Industry Median: 11.345
vs FRA:KAX2: 36.32
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.
Kardex Holding AG (FRA:KAX2) EV-to-OCF Explanation
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.
Kardex Holding AG's PE Ratio (TTM) for today is calculated as:
Kardex Holding AG's share price for today is €256.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Kardex Holding AG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €3.630.
* 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.
Kardex Holding AG EV-to-OCF Related Terms
Kardex Holding AG EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Kardex Holding 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, Kardex Holding 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.
Kardex Holding AG EV-to-OCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kardex Holding AG's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Kardex Holding AG's EV-to-OCF falls into.
Kardex Holding AG's current Enterprise Value is €1,833.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Kardex Holding AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €52.6 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.
Kardex Holding AG (FRA:KAX2) has a EV-to-OCF of 34.86 as of Sep. 10, 2026. This is 51% above median its historical median of 23.02. Over the past decade, Kardex Holding AG's EV-to-OCF has ranged from 9.79 to 156.61. According to the industry distribution chart, Kardex Holding AG ranks #2419 out of 3086 companies in the Industrial Products industry, placing it in the top 78.4%.
Is Kardex Holding AG's EV-to-OCF too high?
Kardex Holding AG's current EV-to-OCF of 34.86 is 51% above median its 10-year median of 23.02. Over the past 10 years, this metric has ranged from a low of 9.79 to a high of 156.61. The Industrial Products industry median EV-to-OCF is 11.35. Kardex Holding AG's value of 34.86 is 207.3% above this industry median. Based on the distribution chart, Kardex Holding AG ranks #2419 out of 3086 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Kardex Holding AG has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kardex Holding AG's EV-to-OCF compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kardex Holding AG ranks #2419 out of 3086 companies for EV-to-OCF. This places Kardex Holding AG in the lower half of its industry. The industry median EV-to-OCF is 11.35. Kardex Holding AG's value of 34.86 is 207.3% above this benchmark. Historically, Kardex Holding AG's own EV-to-OCF has ranged from 9.79 to 156.61 over the past decade. While the company's 10-year median is 23.02 vs. the industry median of 11.35, Kardex Holding AG 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 Industrial Products company?
The median EV-to-OCF among Industrial Products companies is 11.35, based on 3,086 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. Kardex Holding AG's current EV-to-OCF of 34.86 is 207.3% 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 Industrial Products industry, the median EV-to-OCF is 11.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardex Holding AG's current EV-to-OCF is 34.86, which is 51% above median its own 10-year median of 23.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardex Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Kardex Holding AG (FRA:KAX2) is currently considered Modestly Undervalued. The stock's GF Value™ is €325.83, compared to a current price of €256.00 — trading 21.4% below its estimated fair value. The current EV-to-OCF is 34.86, which is 51% above median its 10-year median of 23.02 and 207.3% above the Industrial Products industry median of 11.35. Kardex Holding AG's overall GF Score™ is 89/100 with 5 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 Kardex Holding AG (FRA:KAX2), the current EV-to-OCF is 34.86 as of Sep. 10, 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 Kardex Holding AG (FRA:KAX2) Overvalued in 2026?
Based on GuruFocus' analysis, Kardex Holding AG stock appears to be undervalued.
The current stock price of €256.00 is trading 21.4% below its estimated GF Value™ of €325.83.
GuruFocus considers Kardex Holding AG to be Modestly Undervalued.
Key valuation signals for FRA:KAX2:
EV-to-OCF: 34.86 (51% above median its 10-year median of 23.02)
GF Value™: €325.83 vs. price of €256.00 (21.4% below fair value)
Industry Position: 207.3% above the Industrial Products median (#2419 of 3086)
No single metric tells the full story. See the FRA:KAX2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kardex Holding AG is a partner for intralogistics solutions. The Group offers premium automated products, standardized systems, and life cycle services and provides dynamic storage and retrieval systems, integrated material handling systems, small parts storage systems including multi-shuttle technology, automated high-bay warehouses, and flexible and modular storage and order fulfillment solutions as an AutoStore partner. It is organized into two reporting segments: Automated Products, which generates maximum revenue, and Standardized Systems. Automated Products consists of the Business Unit Kardex Remstar, while Standardized Systems includes the Business Units Kardex Mlog, Kardex AS Solutions, and Rocket Solution. The company operates in Europe, the Americas, and Asia-Pacific.
89GF Score
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