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GDL FundGDL -0.42%57 EV-to-OCF is 2.43 as of Aug. 14, 2026, which is 37% below its 10-year median of 3.83. GuruFocus rates GDL with a GF Score™ of 57/100 and a GF Value™ of $11.39 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,502 Asset Management companies, GDL Fund ranks better than 57.66% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, GDL Fund's Enterprise Value is $91.17 Mil.
GDL Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $37.51 Mil. Therefore, GDL Fund's EV-to-OCF for today is 2.43.
The historical rank and industry rank for GDL Fund's EV-to-OCF or its related term are showing as below:
GDL'
s EV-to-OCF Range Over the Past 10 Years
Min: -6.14 Med: 3.83 Max: 20.35
Current: 2.43
During the past 9 years, the highest EV-to-OCF of GDL Fund was 20.35. The lowest was -6.14. And the median was 3.83.
GDL's EV-to-OCF is ranked better than 57.66% of 1502
companies
in the Asset Management industry
Industry Median: 5.86
vs GDL: 2.43
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.
GDL Fund's share price for today is $8.38.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. GDL Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.689.
* 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.
GDL Fund EV-to-OCF Related Terms
GDL Fund EV-to-OCF Historical Data
* Premium members only.
The historical data trend for GDL Fund'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 Asset Management subindustry, GDL Fund'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.
GDL Fund EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, GDL Fund's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where GDL Fund's EV-to-OCF falls into.
GDL Fund's current Enterprise Value is $91.17 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. GDL Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $37.51 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.
GDL Fund (GDL) has a EV-to-OCF of 2.43 as of Aug. 14, 2026. This is 37% below median its historical median of 3.83. According to the industry distribution chart, GDL Fund ranks #636 out of 1502 companies in the Asset Management industry, placing it in the top 42.3%.
Is GDL Fund's EV-to-OCF too high?
GDL Fund's current EV-to-OCF of 2.43 is 37% below median its 10-year median of 3.83. The Asset Management industry median EV-to-OCF is 5.86. GDL Fund's value of 2.43 is 58.5% below this industry median. Based on the distribution chart, GDL Fund ranks #636 out of 1502 companies in the Asset Management industry, which is above the industry midpoint. Overall, GDL Fund has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GDL Fund's EV-to-OCF compare to IAE and MGF?
According to the Asset Management industry distribution chart, GDL Fund ranks #636 out of 1502 companies for EV-to-OCF. This puts GDL Fund in the upper half of its industry. The industry median EV-to-OCF is 5.86. GDL Fund's value of 2.43 is 58.5% below this benchmark. While the company's 10-year median is 3.83 vs. the industry median of 5.86, GDL Fund has consistently been below 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 5.86, based on 1,502 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. GDL Fund's current EV-to-OCF of 2.43 is 58.5% below 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 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GDL Fund's current EV-to-OCF is 2.43, which is 37% below median its own 10-year median of 3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GDL Fund stock overvalued right now?
Based on GuruFocus' analysis, GDL Fund (GDL) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.39, compared to a current price of $8.38 — trading 26.4% below its estimated fair value. The current EV-to-OCF is 2.43, which is 37% below median its 10-year median of 3.83 and 58.5% below the Asset Management industry median of 5.86. GDL Fund's overall GF Score™ is 57/100 with 1 warning sign 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 GDL Fund (GDL), the current EV-to-OCF is 2.43 as of Aug. 14, 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 GDL Fund (GDL) Overvalued in 2026?
Based on GuruFocus' analysis, GDL Fund stock appears to be undervalued.
The current stock price of $8.38 is trading 26.4% below its estimated GF Value™ of $11.39.
GuruFocus considers GDL Fund to be Modestly Undervalued.
Key valuation signals for GDL:
EV-to-OCF: 2.43 (37% below median its 10-year median of 3.83)
GF Value™: $11.39 vs. price of $8.38 (26.4% below fair value)
Industry Position: 58.5% below the Asset Management median (#636 of 1502)
No single metric tells the full story. See the GDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GDL Fund is a diversified closed-end management investment company. Its primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The fund seeks to achieve its objective by investing in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.
57GF Score
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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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