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Aker ASAHAM:FKM +0.54%65 EV-to-OCF is 35.68 as of Sep. 10, 2026, which is 37% above its 10-year median of 26.03. GuruFocus rates HAM:FKM with a GF Score™ of 65/100 and a GF Value™ of €90.64 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 550 Conglomerates companies, Aker ASA ranks worse than 86.73% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Aker ASA's Enterprise Value is €15,471 Mil.
Aker ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €434 Mil. Therefore, Aker ASA's EV-to-OCF for today is 35.68.
The historical rank and industry rank for Aker ASA's EV-to-OCF or its related term are showing as below:
HAM:FKM'
s EV-to-OCF Range Over the Past 10 Years
Min: -32.27 Med: 26.03 Max: 51.14
Current: 33.74
During the past 13 years, the highest EV-to-OCF of Aker ASA was 51.14. The lowest was -32.27. And the median was 26.03.
HAM:FKM's EV-to-OCF is ranked worse than 86.73% of 550
companies
in the Conglomerates industry
Industry Median: 8.775
vs HAM:FKM: 33.74
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.
Aker ASA's share price for today is €149.80.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Aker ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €33.689.
* 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.
Aker ASA EV-to-OCF Related Terms
Aker ASA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Aker ASA'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 Conglomerates subindustry, Aker ASA'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.
Aker ASA EV-to-OCF vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Aker ASA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Aker ASA's EV-to-OCF falls into.
Aker ASA's current Enterprise Value is €15,471 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Aker ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €434 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.
Aker ASA (HAM:FKM) has a EV-to-OCF of 35.68 as of Sep. 10, 2026. This is 37% above median its historical median of 26.03. According to the industry distribution chart, Aker ASA ranks #477 out of 550 companies in the Conglomerates industry, placing it in the top 86.7%.
Is Aker ASA's EV-to-OCF too high?
Aker ASA's current EV-to-OCF of 35.68 is 37% above median its 10-year median of 26.03. The Conglomerates industry median EV-to-OCF is 8.78. Aker ASA's value of 35.68 is 306.6% above this industry median. Based on the distribution chart, Aker ASA ranks #477 out of 550 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Aker ASA has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aker ASA's EV-to-OCF compare to MMM and HON?
According to the Conglomerates industry distribution chart, Aker ASA ranks #477 out of 550 companies for EV-to-OCF. This places Aker ASA in the lower half of its industry. The industry median EV-to-OCF is 8.78. Aker ASA's value of 35.68 is 306.6% above this benchmark. While the company's 10-year median is 26.03 vs. the industry median of 8.78, Aker ASA 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 Conglomerates company?
The median EV-to-OCF among Conglomerates companies is 8.78, based on 550 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. Aker ASA's current EV-to-OCF of 35.68 is 306.6% 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 Conglomerates industry, the median EV-to-OCF is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aker ASA's current EV-to-OCF is 35.68, which is 37% above median its own 10-year median of 26.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aker ASA stock overvalued right now?
Based on GuruFocus' analysis, Aker ASA (HAM:FKM) is currently considered Significantly Overvalued. The stock's GF Value™ is €90.64, compared to a current price of €149.80 — trading 65.3% above its estimated fair value. The current EV-to-OCF is 35.68, which is 37% above median its 10-year median of 26.03 and 306.6% above the Conglomerates industry median of 8.78. Aker ASA's overall GF Score™ is 65/100 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 Aker ASA (HAM:FKM), the current EV-to-OCF is 35.68 as of Sep. 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 Aker ASA (HAM:FKM) Overvalued in 2026?
Based on GuruFocus' analysis, Aker ASA stock appears to be overvalued.
The current stock price of €149.80 is trading 65.3% above its estimated GF Value™ of €90.64.
GuruFocus considers Aker ASA to be Significantly Overvalued.
Key valuation signals for HAM:FKM:
EV-to-OCF: 35.68 (37% above median its 10-year median of 26.03)
GF Value™: €90.64 vs. price of €149.80 (65.3% above fair value)
Industry Position: 306.6% above the Conglomerates median (#477 of 550)
No single metric tells the full story. See the HAM:FKM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aker ASA is an industrial investment company that develops businesses and exercises active ownership to create value for its shareholders and society at large. The portfolio has focused on companies in oil and gas, maritime assets, seafood/marine biotechnology, and real estate sectors. The company's investment portfolio comprises two segments: Industrial holdings and Financial investments. The primary focus for businesses within Industrial holdings is long-term value creation. Businesses within Financial investments are managed as a portfolio with a focus on financial and strategic opportunities. The company generates the majority of its revenue from Industrial holdings. Geographically, the company generates the majority of its revenue from Norway.
65GF Score
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