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National Bank of GreeceHAM:NAGF +1.04%50 EV-to-OCF is 11.49 as of Sep. 05, 2026, which is 57350% above its 10-year median of 0.02. GuruFocus rates HAM:NAGF with a GF Score™ of 50/100 and a GF Value™ of €8.25 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,486 Banks companies, National Bank of Greece ranks worse than 74.56% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, National Bank of Greece's Enterprise Value is €12,844 Mil.
National Bank of Greece's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €1,118 Mil. Therefore, National Bank of Greece's EV-to-OCF for today is 11.49.
The historical rank and industry rank for National Bank of Greece's EV-to-OCF or its related term are showing as below:
HAM:NAGF'
s EV-to-OCF Range Over the Past 10 Years
Min: -5.69 Med: 0.02 Max: 11.49
Current: 11.49
During the past 13 years, the highest EV-to-OCF of National Bank of Greece was 11.49. The lowest was -5.69. And the median was 0.02.
HAM:NAGF's EV-to-OCF is ranked worse than 74.56% of 1486
companies
in the Banks industry
Industry Median: 4.05
vs HAM:NAGF: 11.49
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.
National Bank of Greece (HAM:NAGF) 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.
National Bank of Greece's PE Ratio (TTM) for today is calculated as:
National Bank of Greece's share price for today is €17.445.
National Bank of Greece's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.363.
* 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.
* 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 Banks - Regional subindustry, National Bank of Greece'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.
National Bank of Greece EV-to-OCF vs Banks Industry
For the Banks industry and Financial Services sector, National Bank of Greece's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where National Bank of Greece's EV-to-OCF falls into.
National Bank of Greece's current Enterprise Value is €12,844 Mil.
National Bank of Greece's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,118 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.
National Bank of Greece (HAM:NAGF) has a EV-to-OCF of 11.49 as of Sep. 05, 2026. This is 57350% above median its historical median of 0.02. According to the industry distribution chart, National Bank of Greece ranks #1108 out of 1486 companies in the Banks industry, placing it in the top 74.6%.
Is National Bank of Greece's EV-to-OCF too high?
National Bank of Greece's current EV-to-OCF of 11.49 is 57350% above median its 10-year median of 0.02. The Banks industry median EV-to-OCF is 4.05. National Bank of Greece's value of 11.49 is 183.7% above this industry median. Based on the distribution chart, National Bank of Greece ranks #1108 out of 1486 companies in the Banks industry, which is below the industry midpoint. Overall, National Bank of Greece has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank of Greece's EV-to-OCF compare to USB and PNC?
According to the Banks industry distribution chart, National Bank of Greece ranks #1108 out of 1486 companies for EV-to-OCF. This places National Bank of Greece in the lower half of its industry. The industry median EV-to-OCF is 4.05. National Bank of Greece's value of 11.49 is 183.7% above this benchmark. While the company's 10-year median is 0.02 vs. the industry median of 4.05, National Bank of Greece 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 Banks company?
The median EV-to-OCF among Banks companies is 4.05, based on 1,486 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. National Bank of Greece's current EV-to-OCF of 11.49 is 183.7% 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 Banks industry, the median EV-to-OCF is 4.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Bank of Greece's current EV-to-OCF is 11.49, which is 57350% above median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of Greece stock overvalued right now?
Based on GuruFocus' analysis, National Bank of Greece (HAM:NAGF) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.25, compared to a current price of €17.45 — trading 111.5% above its estimated fair value. The current EV-to-OCF is 11.49, which is 57350% above median its 10-year median of 0.02 and 183.7% above the Banks industry median of 4.05. National Bank of Greece's overall GF Score™ is 50/100 with 8 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 National Bank of Greece (HAM:NAGF), the current EV-to-OCF is 11.49 as of Sep. 05, 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 National Bank of Greece (HAM:NAGF) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank of Greece stock appears to be overvalued.
The current stock price of €17.45 is trading 111.5% above its estimated GF Value™ of €8.25.
GuruFocus considers National Bank of Greece to be Significantly Overvalued.
Key valuation signals for HAM:NAGF:
EV-to-OCF: 11.49 (57350% above median its 10-year median of 0.02)
GF Value™: €8.25 vs. price of €17.45 (111.5% above fair value)
Industry Position: 183.7% above the Banks median (#1108 of 1486)
No single metric tells the full story. See the HAM:NAGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank of Greece SA consists of several subsidiaries offering diverse financial services, including retail, corporate, and investment banking, specialized asset solutions, transactional banking, leasing, factoring, brokerage, asset management, real estate management, and bancassurance-related services. Its segments include Retail Banking, Corporate and Investment Banking, Trouble Assets Units, Global Markets and Asset Management, International Banking Operations, and Other. The group generates maximum revenue from the Retail Banking segment, which, through its branch network and digital business, offers various types of loans (mortgage, consumer, and small business lending), cards (debit, credit, and prepaid cards), deposits, investment, bancassurance, and other products.
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