DLH Holdings (FRA:TS8A) EV-to-OCF: 14.11 (As of Sep. 15, 2026) — 29% Above 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:TS8A DLH Holdings Corp FRA:TS8A
70 GF Score
Price €3.34
GF Value €3.57
! 7 Warning Signs
View Full Analysis

What is DLH Holdings EV-to-OCF?

DLH Holdings FRA:TS8A -1.18% 70 EV-to-OCF is 14.11 as of Sep. 15, 2026, which is 29% above its 10-year median of 10.92. GuruFocus rates FRA:TS8A with a GF Score™ of 70/100 and a GF Value™ of €3.57. The stock has 7 warning signs investors should review. Among 1,086 Business Services companies, DLH Holdings ranks worse than 74.03% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, DLH Holdings's Enterprise Value is €168.5 Mil. DLH Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €11.9 Mil. Therefore, DLH Holdings's EV-to-OCF for today is 14.11.

The historical rank and industry rank for DLH Holdings's EV-to-OCF or its related term are showing as below:

FRA:TS8A' s EV-to-OCF Range Over the Past 10 Years
Min: 3.28   Med: 10.92   Max: 188.63
Current: 14.24

During the past 13 years, the highest EV-to-OCF of DLH Holdings was 188.63. The lowest was 3.28. And the median was 10.92.

FRA:TS8A's EV-to-OCF is ranked worse than
74.03% of 1086 companies
in the Business Services industry
Industry Median: 6.875 vs FRA:TS8A: 14.24

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 (2026-09-15), DLH Holdings's stock price is €3.34. DLH Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €-1.291. Therefore, DLH Holdings's PE Ratio (TTM) for today is At Loss.


DLH Holdings  (FRA:TS8A) 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.

DLH Holdings's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=3.34/-1.291
=At Loss

DLH Holdings's share price for today is €3.34.
DLH Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.291.

* 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.


DLH Holdings EV-to-OCF Related Terms


DLH Holdings EV-to-OCF Historical Data

* Premium members only.

The historical data trend for DLH Holdings'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.

DLH Holdings EV-to-OCF Chart

DLH Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.35 160.07 11.42 10.93 9.77

DLH Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 9.60 9.77 7.72 11.93 15.61

FRA:TS8A vs WFCF, ANPA, NTIP: EV-to-OCF Comparison

For the Specialty Business Services subindustry, DLH Holdings'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.


DLH Holdings EV-to-OCF vs Business Services Industry

For the Business Services industry and Industrials sector, DLH Holdings's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where DLH Holdings's EV-to-OCF falls into.


FRA:TS8A
70GF Score
DLH Holdings Corp FRA:TS8A
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DLH Holdings EV-to-OCF Calculation

DLH Holdings's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=168.547/11.948
=14.11

DLH Holdings's current Enterprise Value is €168.5 Mil.
DLH Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €11.9 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 14.11 mean?
DLH Holdings (FRA:TS8A) has a EV-to-OCF of 14.11 as of Sep. 15, 2026. This is 29% above median its historical median of 10.92. Over the past decade, DLH Holdings' EV-to-OCF has ranged from 3.28 to 188.63. According to the industry distribution chart, DLH Holdings ranks #804 out of 1086 companies in the Business Services industry, placing it in the top 74%.
Is DLH Holdings' EV-to-OCF too high?
DLH Holdings' current EV-to-OCF of 14.11 is 29% above median its 10-year median of 10.92. Over the past 10 years, this metric has ranged from a low of 3.28 to a high of 188.63. The Business Services industry median EV-to-OCF is 6.88. DLH Holdings' value of 14.11 is 105.2% above this industry median. Based on the distribution chart, DLH Holdings ranks #804 out of 1086 companies in the Business Services industry, which is below the industry midpoint. Overall, DLH Holdings has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does DLH Holdings' EV-to-OCF compare to WFCF and ANPA?
According to the Business Services industry distribution chart, DLH Holdings ranks #804 out of 1086 companies for EV-to-OCF. This places DLH Holdings in the lower half of its industry. The industry median EV-to-OCF is 6.88. DLH Holdings' value of 14.11 is 105.2% above this benchmark. Historically, DLH Holdings' own EV-to-OCF has ranged from 3.28 to 188.63 over the past decade. While the company's 10-year median is 10.92 vs. the industry median of 6.88, DLH Holdings 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 Business Services company?
The median EV-to-OCF among Business Services companies is 6.88, based on 1,086 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. DLH Holdings's current EV-to-OCF of 14.11 is 105.2% 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 Business Services industry, the median EV-to-OCF is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DLH Holdings's current EV-to-OCF is 14.11, which is 29% above median its own 10-year median of 10.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DLH Holdings stock overvalued right now?
DLH Holdings (FRA:TS8A) has a current EV-to-OCF of 14.11. The stock's GF Value™ is €3.57, compared to a current price of €3.34 — trading 6.4% below its estimated fair value. The current EV-to-OCF is 14.11, which is 29% above median its 10-year median of 10.92 and 105.2% above the Business Services industry median of 6.88. DLH Holdings' overall GF Score™ is 70/100 with 7 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 DLH Holdings (FRA:TS8A), the current EV-to-OCF is 14.11 as of Sep. 15, 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 DLH Holdings (FRA:TS8A) Overvalued in 2026?

Based on GuruFocus' analysis, DLH Holdings stock appears to be undervalued. The current stock price of €3.34 is trading 6.4% below its estimated GF Value™ of €3.57.

Key valuation signals for FRA:TS8A:

  • EV-to-OCF: 14.11 (29% above median its 10-year median of 10.92)
  • GF Value™: €3.57 vs. price of €3.34 (6.4% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 105.2% above the Business Services median (#804 of 1086)

No single metric tells the full story. See the FRA:TS8A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DLH Holdings Business Description

Other Exchanges DLHC:USA
Address 3565 Piedmont Road, Building 3, Suite 700, Atlanta, GA, USA, 30305
DLH Holdings Corp delivers health and readiness solutions for federal government customers through digital transformation and cyber security, science research and development, and systems engineering and integration. It provides technology-enabled business process, program management, and digital transformation solutions to U.S. government agencies, focusing on large-scale, technology-powered health and defense initiatives for agencies including HHS, VA, DoD, and their sub-agencies. Its revenues come from technology-enabled business process outsourcing, program management solutions, and public health research and analytics under time-and-materials, cost-reimbursable, and firm-fixed-price contracts.
70GF Score

Get the complete analysis for FRA:TS8A

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

€3.34
Price
€3.57
GF Value