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FortescueFSUGY -0.62%83 EV-to-OCF is 5.49 as of Aug. 10, 2026, which is 7% below its 10-year median of 5.93. GuruFocus rates FSUGY with a GF Score™ of 83/100 and a GF Value™ of $28.09 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,666 Metals & Mining companies, Fortescue ranks worse than 81.43% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Fortescue's Enterprise Value is $39,756 Mil.
Fortescue's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $7,247 Mil. Therefore, Fortescue's EV-to-OCF for today is 5.49.
The historical rank and industry rank for Fortescue's EV-to-OCF or its related term are showing as below:
FSUGY'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.4 Med: 5.93 Max: 15.16
Current: 5.49
During the past 13 years, the highest EV-to-OCF of Fortescue was 15.16. The lowest was 2.40. And the median was 5.93.
FSUGY's EV-to-OCF is ranked worse than 81.43% of 2666
companies
in the Metals & Mining industry
Industry Median: -8.57
vs FSUGY: 5.49
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.
Fortescue's share price for today is $25.44.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fortescue's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $2.426.
* 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.
Fortescue EV-to-OCF Related Terms
Fortescue EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Fortescue'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 Other Industrial Metals & Mining subindustry, Fortescue'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.
Fortescue EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortescue's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Fortescue's EV-to-OCF falls into.
Fortescue's current Enterprise Value is $39,756 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fortescue's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $7,247 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.
Fortescue (FSUGY) has a EV-to-OCF of 5.49 as of Aug. 10, 2026. This is near median its historical median of 5.93. Over the past decade, Fortescue's EV-to-OCF has ranged from 2.40 to 15.16. According to the industry distribution chart, Fortescue ranks #2171 out of 2666 companies in the Metals & Mining industry, placing it in the top 81.4%.
Is Fortescue's EV-to-OCF too high?
Fortescue's current EV-to-OCF of 5.49 is near median its 10-year median of 5.93. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 15.16. Based on the distribution chart, Fortescue ranks #2171 out of 2666 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Fortescue has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fortescue's EV-to-OCF compare to competitors?
According to the Metals & Mining industry distribution chart, Fortescue ranks #2171 out of 2666 companies for EV-to-OCF. This places Fortescue in the lower half of its industry. Historically, Fortescue's own EV-to-OCF has ranged from 2.40 to 15.16 over the past decade. 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 Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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. Fortescue's current EV-to-OCF is 5.49, which is near median its own 10-year median of 5.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortescue stock overvalued right now?
Based on GuruFocus' analysis, Fortescue (FSUGY) is currently considered Fairly Valued. The stock's GF Value™ is $28.09, compared to a current price of $25.44 — trading 9.4% below its estimated fair value. The current EV-to-OCF is 5.49, which is near median its 10-year median of 5.93. Fortescue's overall GF Score™ is 83/100 with 6 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 Fortescue (FSUGY), the current EV-to-OCF is 5.49 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 Fortescue (FSUGY) Overvalued in 2026?
Based on GuruFocus' analysis, Fortescue stock appears to be undervalued.
The current stock price of $25.44 is trading 9.4% below its estimated GF Value™ of $28.09.
GuruFocus considers Fortescue to be Fairly Valued.
Key valuation signals for FSUGY:
EV-to-OCF: 5.49 (near median its 10-year median of 5.93)
GF Value™: $28.09 vs. price of $25.44 (9.4% below fair value)
No single metric tells the full story. See the FSUGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortescue is an Australia-based iron ore miner. It has grown from obscurity at the start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 195 million metric tons in 2025 means Fortescue supplies around 10% of global seaborne iron ore. Further expansion to about 210 million metric tons is likely once its 22 million metric ton Iron Bridge magnetite mine ramps up, likely in 2028. However, with longer-term demand likely to decline as China's economy matures, its future margins are likely to be below historical averages. More recently, Fortescue diversified into copper and green energy. It has big ambitions here, but its efforts are at an early stage.
83GF Score
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