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DowHAM:2OY +0.92%70 EV-to-OCF is 19.75 as of Jul. 23, 2026, which is 98% above its 10-year median of 9.96. GuruFocus rates HAM:2OY with a GF Score™ of 70/100 and a GF Value™ of €35.61 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 1,607 Chemicals companies, Dow ranks worse than 70.01% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Dow's Enterprise Value is €34,916 Mil.
Dow's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €1,768 Mil. Therefore, Dow's EV-to-OCF for today is 19.75.
The historical rank and industry rank for Dow's EV-to-OCF or its related term are showing as below:
HAM:2OY'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.18 Med: 9.96 Max: 45.17
Current: 19.28
During the past 10 years, the highest EV-to-OCF of Dow was 45.17. The lowest was 5.18. And the median was 9.96.
HAM:2OY's EV-to-OCF is ranked worse than 70.01% of 1607
companies
in the Chemicals industry
Industry Median: 10.41
vs HAM:2OY: 19.28
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 (2026-07-23), Dow's stock price is €27.37.
Dow's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €-3.431. Therefore, Dow's PE Ratio (TTM) for today is At Loss.
Dow (HAM:2OY) 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.
Dow's share price for today is €27.37.
Dow'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 €-3.431.
* 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.
Dow EV-to-OCF Related Terms
Dow EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Dow'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 Chemicals subindustry, Dow'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.
Dow EV-to-OCF vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Dow's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Dow's EV-to-OCF falls into.
Dow's current Enterprise Value is €34,916 Mil.
Dow'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 €1,768 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.
Dow (HAM:2OY) has a EV-to-OCF of 19.75 as of Jul. 23, 2026. This is 98% above median its historical median of 9.96. Over the past decade, Dow's EV-to-OCF has ranged from 5.18 to 45.17. According to the industry distribution chart, Dow ranks #1125 out of 1607 companies in the Chemicals industry, placing it in the top 70%.
Is Dow's EV-to-OCF too high?
Dow's current EV-to-OCF of 19.75 is 98% above median its 10-year median of 9.96. Over the past 10 years, this metric has ranged from a low of 5.18 to a high of 45.17. The Chemicals industry median EV-to-OCF is 10.41. Dow's value of 19.75 is 89.7% above this industry median. Based on the distribution chart, Dow ranks #1125 out of 1607 companies in the Chemicals industry, which is below the industry midpoint. Overall, Dow has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dow's EV-to-OCF compare to CE and OLN?
According to the Chemicals industry distribution chart, Dow ranks #1125 out of 1607 companies for EV-to-OCF. This places Dow in the lower half of its industry. The industry median EV-to-OCF is 10.41. Dow's value of 19.75 is 89.7% above this benchmark. Historically, Dow's own EV-to-OCF has ranged from 5.18 to 45.17 over the past decade. While the company's 10-year median is 9.96 vs. the industry median of 10.41, Dow 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 Chemicals company?
The median EV-to-OCF among Chemicals companies is 10.41, based on 1,607 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. Dow's current EV-to-OCF of 19.75 is 89.7% 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 Chemicals industry, the median EV-to-OCF is 10.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dow's current EV-to-OCF is 19.75, which is 98% above median its own 10-year median of 9.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dow stock overvalued right now?
Based on GuruFocus' analysis, Dow (HAM:2OY) is currently considered Modestly Undervalued. The stock's GF Value™ is €35.61, compared to a current price of €27.37 — trading 23.1% below its estimated fair value. The current EV-to-OCF is 19.75, which is 98% above median its 10-year median of 9.96 and 89.7% above the Chemicals industry median of 10.41. Dow's overall GF Score™ is 70/100 with 10 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 Dow (HAM:2OY), the current EV-to-OCF is 19.75 as of Jul. 23, 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 Dow (HAM:2OY) Overvalued in 2026?
Based on GuruFocus' analysis, Dow stock appears to be undervalued.
The current stock price of €27.37 is trading 23.1% below its estimated GF Value™ of €35.61.
GuruFocus considers Dow to be Modestly Undervalued.
Key valuation signals for HAM:2OY:
EV-to-OCF: 19.75 (98% above median its 10-year median of 9.96)
GF Value™: €35.61 vs. price of €27.37 (23.1% below fair value)
Industry Position: 89.7% above the Chemicals median (#1125 of 1607)
No single metric tells the full story. See the HAM:2OY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dow Chemical is a diversified global chemicals producer formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in consumer and industrial end markets.
70GF Score
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