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Rheinmetall AGFRA:RHMB +4.82%78 EV-to-OCF is 32.90 as of Aug. 04, 2026, which is 125% above its 10-year median of 14.62. GuruFocus rates FRA:RHMB with a GF Score™ of 78/100 and a GF Value™ of €171.84 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 360 Aerospace & Defense companies, Rheinmetall AG ranks worse than 73.06% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Rheinmetall AG's Enterprise Value is €56,328 Mil.
Rheinmetall AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €1,712 Mil. Therefore, Rheinmetall AG's EV-to-OCF for today is 32.90.
The historical rank and industry rank for Rheinmetall AG's EV-to-OCF or its related term are showing as below:
FRA:RHMB'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.89 Med: 14.62 Max: 91.38
Current: 32.9
During the past 13 years, the highest EV-to-OCF of Rheinmetall AG was 91.38. The lowest was 3.89. And the median was 14.62.
FRA:RHMB's EV-to-OCF is ranked worse than 73.06% of 360
companies
in the Aerospace & Defense industry
Industry Median: 14.155
vs FRA:RHMB: 32.90
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.
Rheinmetall AG's PE Ratio (TTM) for today is calculated as:
Rheinmetall AG's share price for today is €239.00.
Rheinmetall AG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.126.
* 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.
Rheinmetall AG EV-to-OCF Related Terms
Rheinmetall AG EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Rheinmetall 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 Aerospace & Defense subindustry, Rheinmetall 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.
Rheinmetall AG EV-to-OCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rheinmetall AG's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Rheinmetall AG's EV-to-OCF falls into.
Rheinmetall AG's current Enterprise Value is €56,328 Mil.
Rheinmetall AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,712 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.
Rheinmetall AG (FRA:RHMB) has a EV-to-OCF of 32.90 as of Aug. 04, 2026. This is 125% above median its historical median of 14.62. Over the past decade, Rheinmetall AG's EV-to-OCF has ranged from 3.89 to 91.38. According to the industry distribution chart, Rheinmetall AG ranks #263 out of 360 companies in the Aerospace & Defense industry, placing it in the top 73.1%.
Is Rheinmetall AG's EV-to-OCF too high?
Rheinmetall AG's current EV-to-OCF of 32.90 is 125% above median its 10-year median of 14.62. Over the past 10 years, this metric has ranged from a low of 3.89 to a high of 91.38. The Aerospace & Defense industry median EV-to-OCF is 14.16. Rheinmetall AG's value of 32.90 is 132.4% above this industry median. Based on the distribution chart, Rheinmetall AG ranks #263 out of 360 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Rheinmetall AG has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rheinmetall AG's EV-to-OCF compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Rheinmetall AG ranks #263 out of 360 companies for EV-to-OCF. This places Rheinmetall AG in the lower half of its industry. The industry median EV-to-OCF is 14.16. Rheinmetall AG's value of 32.90 is 132.4% above this benchmark. Historically, Rheinmetall AG's own EV-to-OCF has ranged from 3.89 to 91.38 over the past decade. While the company's 10-year median is 14.62 vs. the industry median of 14.16, Rheinmetall 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 Aerospace & Defense company?
The median EV-to-OCF among Aerospace & Defense companies is 14.16, based on 360 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. Rheinmetall AG's current EV-to-OCF of 32.90 is 132.4% 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 Aerospace & Defense industry, the median EV-to-OCF is 14.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rheinmetall AG's current EV-to-OCF is 32.90, which is 125% above median its own 10-year median of 14.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rheinmetall AG stock overvalued right now?
Based on GuruFocus' analysis, Rheinmetall AG (FRA:RHMB) is currently considered Significantly Overvalued. The stock's GF Value™ is €171.84, compared to a current price of €239.00 — trading 39.1% above its estimated fair value. The current EV-to-OCF is 32.90, which is 125% above median its 10-year median of 14.62 and 132.4% above the Aerospace & Defense industry median of 14.16. Rheinmetall AG's overall GF Score™ is 78/100 with 2 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 Rheinmetall AG (FRA:RHMB), the current EV-to-OCF is 32.90 as of Aug. 04, 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 Rheinmetall AG (FRA:RHMB) Overvalued in 2026?
Based on GuruFocus' analysis, Rheinmetall AG stock appears to be overvalued.
The current stock price of €239.00 is trading 39.1% above its estimated GF Value™ of €171.84.
GuruFocus considers Rheinmetall AG to be Significantly Overvalued.
Key valuation signals for FRA:RHMB:
EV-to-OCF: 32.90 (125% above median its 10-year median of 14.62)
GF Value™: €171.84 vs. price of €239.00 (39.1% above fair value)
Industry Position: 132.4% above the Aerospace & Defense median (#263 of 360)
No single metric tells the full story. See the FRA:RHMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapons and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapons and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators, and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.
78GF Score
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