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Northern Data AGFRA:NB2 49 EV-to-OCF is 37.83 as of Sep. 01, 2026, which is 1057% above its 10-year median of 3.27. GuruFocus rates FRA:NB2 with a GF Score™ of 49/100 and a GF Value™ of €7.03 (Fairly Valued). The stock has 8 warning signs investors should review. Among 2,876 Software companies, Northern Data AG ranks worse than 88.98% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Northern Data AG's Enterprise Value is €1,105.19 Mil.
Northern Data AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €29.21 Mil. Therefore, Northern Data AG's EV-to-OCF for today is 37.83.
The historical rank and industry rank for Northern Data AG's EV-to-OCF or its related term are showing as below:
FRA:NB2'
s EV-to-OCF Range Over the Past 10 Years
Min: -100.51 Med: 3.27 Max: 696.44
Current: 42.11
During the past 12 years, the highest EV-to-OCF of Northern Data AG was 696.44. The lowest was -100.51. And the median was 3.27.
FRA:NB2's EV-to-OCF is ranked worse than 88.98% of 2876
companies
in the Software industry
Industry Median: 6.91
vs FRA:NB2: 42.11
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.
Northern Data AG's PE Ratio (TTM) for today is calculated as:
Northern Data AG's share price for today is €6.775.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Northern Data AG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-6.080.
* 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.
Northern Data AG EV-to-OCF Related Terms
Northern Data AG EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Northern Data 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 Information Technology Services subindustry, Northern Data 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.
Northern Data AG EV-to-OCF vs Software Industry
For the Software industry and Technology sector, Northern Data AG's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Northern Data AG's EV-to-OCF falls into.
Northern Data AG's current Enterprise Value is €1,105.19 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Northern Data AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €29.21 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.
Northern Data AG (FRA:NB2) has a EV-to-OCF of 37.83 as of Sep. 01, 2026. This is 1057% above median its historical median of 3.27. According to the industry distribution chart, Northern Data AG ranks #2559 out of 2876 companies in the Software industry, placing it in the top 89%.
Is Northern Data AG's EV-to-OCF too high?
Northern Data AG's current EV-to-OCF of 37.83 is 1057% above median its 10-year median of 3.27. The Software industry median EV-to-OCF is 6.91. Northern Data AG's value of 37.83 is 447.5% above this industry median. Based on the distribution chart, Northern Data AG ranks #2559 out of 2876 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Northern Data AG has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northern Data AG's EV-to-OCF compare to IBEX and FCCN?
According to the Software industry distribution chart, Northern Data AG ranks #2559 out of 2876 companies for EV-to-OCF. This places Northern Data AG in the lower half of its industry. The industry median EV-to-OCF is 6.91. Northern Data AG's value of 37.83 is 447.5% above this benchmark. While the company's 10-year median is 3.27 vs. the industry median of 6.91, Northern Data 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 a Software company?
The median EV-to-OCF among Software companies is 6.91, based on 2,876 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. Northern Data AG's current EV-to-OCF of 37.83 is 447.5% 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 Software industry, the median EV-to-OCF is 6.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Data AG's current EV-to-OCF is 37.83, which is 1057% above median its own 10-year median of 3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Data AG stock overvalued right now?
Based on GuruFocus' analysis, Northern Data AG (FRA:NB2) is currently considered Fairly Valued. The stock's GF Value™ is €7.03, compared to a current price of €6.78 — trading 3.6% below its estimated fair value. The current EV-to-OCF is 37.83, which is 1057% above median its 10-year median of 3.27 and 447.5% above the Software industry median of 6.91. Northern Data AG's overall GF Score™ is 49/100 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 Northern Data AG (FRA:NB2), the current EV-to-OCF is 37.83 as of Sep. 01, 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 Northern Data AG (FRA:NB2) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Data AG stock appears to be undervalued.
The current stock price of €6.78 is trading 3.6% below its estimated GF Value™ of €7.03.
GuruFocus considers Northern Data AG to be Fairly Valued.
Key valuation signals for FRA:NB2:
EV-to-OCF: 37.83 (1057% above median its 10-year median of 3.27)
GF Value™: €7.03 vs. price of €6.78 (3.6% below fair value)
Industry Position: 447.5% above the Software median (#2559 of 2876)
No single metric tells the full story. See the FRA:NB2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Data AG is a Business-to-Business technology company developing, using, and selling solutions on vertically integrated computing infrastructure. Its segment includes Peak Mining; Taiga Cloud and Ardent Data Centers. Geographically, it operates in Europe (excluding Germany), North America, and Germany. The company derives maximum revenue from Europe.
49GF Score
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