Partners Group Holding AG (FRA:P2H) EV-to-OCF: 14.15 (As of Aug. 30, 2026) — 56% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:P2H Partners Group Holding AG FRA:P2H
72 GF Score
Price €804.40
GF Value €1,425.16
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Partners Group Holding AG EV-to-OCF?

Partners Group Holding AG FRA:P2H +0.98% 72 EV-to-OCF is 14.15 as of Aug. 30, 2026, which is 56% below its 10-year median of 32.28. GuruFocus rates FRA:P2H with a GF Score™ of 72/100 and a GF Value™ of €1,425.16 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,503 Asset Management companies, Partners Group Holding AG ranks worse than 69.06% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Partners Group Holding AG's Enterprise Value is €22,930 Mil. Partners Group Holding AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €1,621 Mil. Therefore, Partners Group Holding AG's EV-to-OCF for today is 14.15.

The historical rank and industry rank for Partners Group Holding AG's EV-to-OCF or its related term are showing as below:

FRA:P2H' s EV-to-OCF Range Over the Past 10 Years
Min: 12.62   Med: 32.28   Max: 84.12
Current: 14.18

During the past 13 years, the highest EV-to-OCF of Partners Group Holding AG was 84.12. The lowest was 12.62. And the median was 32.28.

FRA:P2H's EV-to-OCF is ranked worse than
69.06% of 1503 companies
in the Asset Management industry
Industry Median: 5.82 vs FRA:P2H: 14.18

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.

As of today (2026-08-30), Partners Group Holding AG's stock price is €804.40. Partners Group Holding AG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €51.800. Therefore, Partners Group Holding AG's PE Ratio (TTM) for today is 15.53.


Partners Group Holding AG  (FRA:P2H) 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.

Partners Group Holding AG's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=804.40/51.800
=15.53

Partners Group Holding AG's share price for today is €804.40.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Partners Group Holding AG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €51.800.

* 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.


Partners Group Holding AG EV-to-OCF Related Terms


Partners Group Holding AG EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Partners Group 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.

Partners Group Holding AG EV-to-OCF Chart

Partners Group Holding AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.76 20.25 50.86 36.10 18.14

Partners Group Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.86 0.00 36.10 0.00 18.14

FRA:P2H vs BLK, BX, KKR: EV-to-OCF Comparison

For the Asset Management subindustry, Partners Group 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.


Partners Group Holding AG EV-to-OCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Partners Group Holding AG's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Partners Group Holding AG's EV-to-OCF falls into.


FRA:P2H
72GF Score
Partners Group Holding AG FRA:P2H
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Partners Group Holding AG EV-to-OCF Calculation

Partners Group Holding AG's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=22930.225/1620.978
=14.15

Partners Group Holding AG's current Enterprise Value is €22,930 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Partners Group Holding AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €1,621 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 14.15 mean?
Partners Group Holding AG (FRA:P2H) has a EV-to-OCF of 14.15 as of Aug. 30, 2026. This is 56% below median its historical median of 32.28. Over the past decade, Partners Group Holding AG's EV-to-OCF has ranged from 12.62 to 84.12. According to the industry distribution chart, Partners Group Holding AG ranks #1038 out of 1503 companies in the Asset Management industry, placing it in the top 69.1%.
Is Partners Group Holding AG's EV-to-OCF too high?
Partners Group Holding AG's current EV-to-OCF of 14.15 is 56% below median its 10-year median of 32.28. Over the past 10 years, this metric has ranged from a low of 12.62 to a high of 84.12. The Asset Management industry median EV-to-OCF is 5.82. Partners Group Holding AG's value of 14.15 is 143.1% above this industry median. Based on the distribution chart, Partners Group Holding AG ranks #1038 out of 1503 companies in the Asset Management industry, which is below the industry midpoint. Overall, Partners Group Holding AG has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partners Group Holding AG's EV-to-OCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Partners Group Holding AG ranks #1038 out of 1503 companies for EV-to-OCF. This places Partners Group Holding AG in the lower half of its industry. The industry median EV-to-OCF is 5.82. Partners Group Holding AG's value of 14.15 is 143.1% above this benchmark. Historically, Partners Group Holding AG's own EV-to-OCF has ranged from 12.62 to 84.12 over the past decade. While the company's 10-year median is 32.28 vs. the industry median of 5.82, Partners Group 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 Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.82, based on 1,503 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. Partners Group Holding AG's current EV-to-OCF of 14.15 is 143.1% 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 Asset Management industry, the median EV-to-OCF is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Partners Group Holding AG's current EV-to-OCF is 14.15, which is 56% below median its own 10-year median of 32.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Group Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Partners Group Holding AG (FRA:P2H) is currently considered Significantly Undervalued. The stock's GF Value™ is €1,425.16, compared to a current price of €804.40 — trading 43.6% below its estimated fair value. The current EV-to-OCF is 14.15, which is 56% below median its 10-year median of 32.28 and 143.1% above the Asset Management industry median of 5.82. Partners Group Holding AG's overall GF Score™ is 72/100 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 Partners Group Holding AG (FRA:P2H), the current EV-to-OCF is 14.15 as of Aug. 30, 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 Partners Group Holding AG (FRA:P2H) Overvalued in 2026?

Based on GuruFocus' analysis, Partners Group Holding AG stock appears to be undervalued. The current stock price of €804.40 is trading 43.6% below its estimated GF Value™ of €1,425.16. GuruFocus considers Partners Group Holding AG to be Significantly Undervalued.

Key valuation signals for FRA:P2H:

  • EV-to-OCF: 14.15 (56% below median its 10-year median of 32.28)
  • GF Value™: €1,425.16 vs. price of €804.40 (43.6% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 143.1% above the Asset Management median (#1038 of 1503)

No single metric tells the full story. See the FRA:P2H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Partners Group Holding AG Business Description

Address Unternehmer-Park 3, Baar, Zug, CHE, 6340
Partners Group is a Swiss-based global alternative asset manager founded in 1996. It manages funds invested in private equity, private credit, real estate, and infrastructure. Most of Partners Group's assets are invested in Europe and the Americas, with a smaller exposure to Asia and the Middle East. Partners Group operates a differentiated business model, offering bespoke client solutions through diversified portfolios tailored to each client individually, semiliquid open-ended funds, alongside traditional closed-end funds.
72GF Score

Get the complete analysis for FRA:P2H

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€804.40
Price
€1,425.16
GF Value