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New Horizon AircraftHOVR -1.94%14 EV-to-OCF is -5.54 as of Aug. 30, 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 358 Aerospace & Defense companies, New Horizon Aircraft ranks better than 72.91% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, New Horizon Aircraft's Enterprise Value is $66.45 Mil.
New Horizon Aircraft's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was $-11.99 Mil. Therefore, New Horizon Aircraft's EV-to-OCF for today is -5.54.
The historical rank and industry rank for New Horizon Aircraft's EV-to-OCF or its related term are showing as below:
HOVR'
s EV-to-OCF Range Over the Past 10 Years
Min: -5.54 Med: 0 Max: -5.54
Current: -5.54
During the past 5 years, the highest EV-to-OCF of New Horizon Aircraft was -5.54. The lowest was -5.54. And the median was .
HOVR's EV-to-OCF is ranked better than 72.91% of 358
companies
in the Aerospace & Defense industry
Industry Median: 13.66
vs HOVR: -5.54
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.
New Horizon Aircraft (NAS:HOVR) 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.
New Horizon Aircraft's PE Ratio (TTM) for today is calculated as:
New Horizon Aircraft's share price for today is $1.77.
New Horizon Aircraft's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.571.
* 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.
New Horizon Aircraft EV-to-OCF Related Terms
New Horizon Aircraft EV-to-OCF Historical Data
* Premium members only.
The historical data trend for New Horizon Aircraft'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 Aerospace & Defense subindustry, New Horizon Aircraft'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.
New Horizon Aircraft EV-to-OCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft's EV-to-OCF falls into.
New Horizon Aircraft's current Enterprise Value is $66.45 Mil.
New Horizon Aircraft's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.99 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.
New Horizon Aircraft (HOVR) has a EV-to-OCF of -5.54 as of Aug. 30, 2026. According to the industry distribution chart, New Horizon Aircraft ranks #97 out of 358 companies in the Aerospace & Defense industry, placing it in the top 27.1%.
Is New Horizon Aircraft's EV-to-OCF too high?
New Horizon Aircraft's current EV-to-OCF is -5.54. Based on the distribution chart, New Horizon Aircraft ranks #97 out of 358 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, New Horizon Aircraft has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does New Horizon Aircraft's EV-to-OCF compare to CODA and HWKE?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #97 out of 358 companies for EV-to-OCF. This puts New Horizon Aircraft in the upper half of its industry. The industry median EV-to-OCF is 13.66. 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 Aerospace & Defense company?
The median EV-to-OCF among Aerospace & Defense companies is 13.66, based on 358 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. 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 Aerospace & Defense industry, the median EV-to-OCF is 13.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current EV-to-OCF is -5.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Horizon Aircraft stock overvalued right now?
New Horizon Aircraft (HOVR) has a current EV-to-OCF of -5.54. The current EV-to-OCF is -5.54. New Horizon Aircraft's overall GF Score™ is 14/100 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 New Horizon Aircraft (HOVR), the current EV-to-OCF is -5.54 as of Aug. 30, 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.
New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities, and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.
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