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Whitehaven CoalFRA:WC2 +0.09%81 EV-to-OCF is 12.42 as of Aug. 10, 2026, which is 86% above its 10-year median of 6.68. GuruFocus rates FRA:WC2 with a GF Score™ of 81/100 and a GF Value™ of €3.82 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 187 Other Energy Sources companies, Whitehaven Coal ranks worse than 75.94% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Whitehaven Coal's Enterprise Value is €4,197 Mil.
Whitehaven Coal's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €338 Mil. Therefore, Whitehaven Coal's EV-to-OCF for today is 12.42.
The historical rank and industry rank for Whitehaven Coal's EV-to-OCF or its related term are showing as below:
FRA:WC2'
s EV-to-OCF Range Over the Past 10 Years
Min: 0.81 Med: 6.68 Max: 50.28
Current: 11.52
During the past 13 years, the highest EV-to-OCF of Whitehaven Coal was 50.28. The lowest was 0.81. And the median was 6.68.
FRA:WC2's EV-to-OCF is ranked worse than 75.94% of 187
companies
in the Other Energy Sources industry
Industry Median: 1.91
vs FRA:WC2: 11.52
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.
Whitehaven Coal's PE Ratio (TTM) for today is calculated as:
Whitehaven Coal's share price for today is €4.392.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Whitehaven Coal's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.448.
* 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.
Whitehaven Coal EV-to-OCF Related Terms
Whitehaven Coal EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Whitehaven Coal'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 Thermal Coal subindustry, Whitehaven Coal'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.
Whitehaven Coal EV-to-OCF vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Whitehaven Coal's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Whitehaven Coal's EV-to-OCF falls into.
Whitehaven Coal's current Enterprise Value is €4,197 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Whitehaven Coal's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €338 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.
Whitehaven Coal (FRA:WC2) has a EV-to-OCF of 12.42 as of Aug. 10, 2026. This is 86% above median its historical median of 6.68. Over the past decade, Whitehaven Coal's EV-to-OCF has ranged from 0.81 to 50.28. According to the industry distribution chart, Whitehaven Coal ranks #142 out of 187 companies in the Other Energy Sources industry, placing it in the top 75.9%.
Is Whitehaven Coal's EV-to-OCF too high?
Whitehaven Coal's current EV-to-OCF of 12.42 is 86% above median its 10-year median of 6.68. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 50.28. The Other Energy Sources industry median EV-to-OCF is 1.91. Whitehaven Coal's value of 12.42 is 550.3% above this industry median. Based on the distribution chart, Whitehaven Coal ranks #142 out of 187 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Whitehaven Coal has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Whitehaven Coal's EV-to-OCF compare to competitors?
According to the Other Energy Sources industry distribution chart, Whitehaven Coal ranks #142 out of 187 companies for EV-to-OCF. This places Whitehaven Coal in the lower half of its industry. The industry median EV-to-OCF is 1.91. Whitehaven Coal's value of 12.42 is 550.3% above this benchmark. Historically, Whitehaven Coal's own EV-to-OCF has ranged from 0.81 to 50.28 over the past decade. While the company's 10-year median is 6.68 vs. the industry median of 1.91, Whitehaven Coal 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 Other Energy Sources company?
The median EV-to-OCF among Other Energy Sources companies is 1.91, based on 187 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. Whitehaven Coal's current EV-to-OCF of 12.42 is 550.3% 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 Other Energy Sources industry, the median EV-to-OCF is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Whitehaven Coal's current EV-to-OCF is 12.42, which is 86% above median its own 10-year median of 6.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Whitehaven Coal stock overvalued right now?
Based on GuruFocus' analysis, Whitehaven Coal (FRA:WC2) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.82, compared to a current price of €4.39 — trading 15% above its estimated fair value. The current EV-to-OCF is 12.42, which is 86% above median its 10-year median of 6.68 and 550.3% above the Other Energy Sources industry median of 1.91. Whitehaven Coal's overall GF Score™ is 81/100 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 Whitehaven Coal (FRA:WC2), the current EV-to-OCF is 12.42 as of Aug. 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 Whitehaven Coal (FRA:WC2) Overvalued in 2026?
Based on GuruFocus' analysis, Whitehaven Coal stock appears to be overvalued.
The current stock price of €4.39 is trading 15% above its estimated GF Value™ of €3.82.
GuruFocus considers Whitehaven Coal to be Modestly Overvalued.
Key valuation signals for FRA:WC2:
EV-to-OCF: 12.42 (86% above median its 10-year median of 6.68)
GF Value™: €3.82 vs. price of €4.39 (15% above fair value)
Industry Position: 550.3% above the Other Energy Sources median (#142 of 187)
No single metric tells the full story. See the FRA:WC2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Whitehaven Coal is a large Australian independent thermal and metallurgical coal miner with mines in the Gunnedah Basin, New South Wales. It also bought Blackwater and Daunia, two coking coal mines in Queensland, from BHP and Mitsubishi in April 2024. In addition, it owns the large Winchester South deposit next to its Daunia mine. Coal is railed to ports in Newcastle and Queensland for export to Asian customers. Initial production of about 1 million metric tons from Vickery and expanded production at its Queensland mines, Maules Creek, and Narrabri means we expect its share of salable coal production to approach 31 million metric tons from fiscal 2030, from about 13 million in fiscal 2023.
81GF Score
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