Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) EV-to-OCF: 8.36 (As of Aug. 16, 2026) — 19% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:AEFES Anadolu Efes Biracilik ve Malt Sanayi AS IST:AEFES
80 GF Score
Price ₺19.33
GF Value ₺17.71
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Anadolu Efes Biracilik ve Maltnayi AS EV-to-OCF?

Anadolu Efes Biracilik ve Maltnayi AS IST:AEFES +0.42% 80 EV-to-OCF is 8.36 as of Aug. 16, 2026, which is 19% above its 10-year median of 7.00. GuruFocus rates IST:AEFES with a GF Score™ of 80/100 and a GF Value™ of ₺17.71 (Fairly Valued). The stock has 4 warning signs investors should review. Among 119 Beverages - Non-Alcoholic companies, Anadolu Efes Biracilik ve Maltnayi AS ranks better than 65.55% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Anadolu Efes Biracilik ve Maltnayi AS's Enterprise Value is ₺307,230 Mil. Anadolu Efes Biracilik ve Maltnayi AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was ₺36,755 Mil. Therefore, Anadolu Efes Biracilik ve Maltnayi AS's EV-to-OCF for today is 8.36.

The historical rank and industry rank for Anadolu Efes Biracilik ve Maltnayi AS's EV-to-OCF or its related term are showing as below:

IST:AEFES' s EV-to-OCF Range Over the Past 10 Years
Min: 3.75   Med: 7   Max: 272.33
Current: 8.36

During the past 13 years, the highest EV-to-OCF of Anadolu Efes Biracilik ve Maltnayi AS was 272.33. The lowest was 3.75. And the median was 7.00.

IST:AEFES's EV-to-OCF is ranked better than
65.55% of 119 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 12.21 vs IST:AEFES: 8.36

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 (2026-08-16), Anadolu Efes Biracilik ve Maltnayi AS's stock price is ₺19.33. Anadolu Efes Biracilik ve Maltnayi AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₺1.647. Therefore, Anadolu Efes Biracilik ve Maltnayi AS's PE Ratio (TTM) for today is 11.74.


Anadolu Efes Biracilik ve Maltnayi AS  (IST:AEFES) 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.

Anadolu Efes Biracilik ve Maltnayi AS's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=19.33/1.647
=11.74

Anadolu Efes Biracilik ve Maltnayi AS's share price for today is ₺19.33.
Anadolu Efes Biracilik ve Maltnayi AS'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 ₺1.647.

* 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.


Anadolu Efes Biracilik ve Maltnayi AS EV-to-OCF Related Terms


Anadolu Efes Biracilik ve Maltnayi AS EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Anadolu Efes Biracilik ve Maltnayi AS'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.

Anadolu Efes Biracilik ve Maltnayi AS EV-to-OCF Chart

Anadolu Efes Biracilik ve Maltnayi AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.09 9.06 5.89 6.08 7.59

Anadolu Efes Biracilik ve Maltnayi AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.94 7.24 7.59 6.15 8.63

IST:AEFES vs KO, PEP, MNST: EV-to-OCF Comparison

For the Beverages - Non-Alcoholic subindustry, Anadolu Efes Biracilik ve Maltnayi AS'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.


Anadolu Efes Biracilik ve Maltnayi AS EV-to-OCF vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Anadolu Efes Biracilik ve Maltnayi AS's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Anadolu Efes Biracilik ve Maltnayi AS's EV-to-OCF falls into.


IST:AEFES
80GF Score
Anadolu Efes Biracilik ve Malt Sanayi AS IST:AEFES
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anadolu Efes Biracilik ve Maltnayi AS EV-to-OCF Calculation

Anadolu Efes Biracilik ve Maltnayi AS's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=307229.530/36755.422
=8.36

Anadolu Efes Biracilik ve Maltnayi AS's current Enterprise Value is ₺307,230 Mil.
Anadolu Efes Biracilik ve Maltnayi AS'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 ₺36,755 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 8.36 mean?
Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) has a EV-to-OCF of 8.36 as of Aug. 16, 2026. This is 19% above median its historical median of 7.00. Over the past decade, Anadolu Efes Biracilik ve Maltnayi AS's EV-to-OCF has ranged from 3.75 to 272.33. According to the industry distribution chart, Anadolu Efes Biracilik ve Maltnayi AS ranks #41 out of 119 companies in the Beverages - Non-Alcoholic industry, placing it in the top 34.5%.
Is Anadolu Efes Biracilik ve Maltnayi AS's EV-to-OCF too high?
Anadolu Efes Biracilik ve Maltnayi AS's current EV-to-OCF of 8.36 is 19% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.75 to a high of 272.33. The Beverages - Non-Alcoholic industry median EV-to-OCF is 12.21. Anadolu Efes Biracilik ve Maltnayi AS's value of 8.36 is 31.5% below this industry median. Based on the distribution chart, Anadolu Efes Biracilik ve Maltnayi AS ranks #41 out of 119 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Anadolu Efes Biracilik ve Maltnayi AS has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Anadolu Efes Biracilik ve Maltnayi AS's EV-to-OCF compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Anadolu Efes Biracilik ve Maltnayi AS ranks #41 out of 119 companies for EV-to-OCF. This puts Anadolu Efes Biracilik ve Maltnayi AS in the upper half of its industry. The industry median EV-to-OCF is 12.21. Anadolu Efes Biracilik ve Maltnayi AS's value of 8.36 is 31.5% below this benchmark. Historically, Anadolu Efes Biracilik ve Maltnayi AS's own EV-to-OCF has ranged from 3.75 to 272.33 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 12.21, Anadolu Efes Biracilik ve Maltnayi AS 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 a Beverages - Non-Alcoholic company?
The median EV-to-OCF among Beverages - Non-Alcoholic companies is 12.21, based on 119 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. Anadolu Efes Biracilik ve Maltnayi AS's current EV-to-OCF of 8.36 is 31.5% 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 Beverages - Non-Alcoholic industry, the median EV-to-OCF is 12.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anadolu Efes Biracilik ve Maltnayi AS's current EV-to-OCF is 8.36, which is 19% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anadolu Efes Biracilik ve Maltnayi AS stock overvalued right now?
Based on GuruFocus' analysis, Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) is currently considered Fairly Valued. The stock's GF Value™ is ₺17.71, compared to a current price of ₺19.33 — trading 9.1% above its estimated fair value. The current EV-to-OCF is 8.36, which is 19% above median its 10-year median of 7.00 and 31.5% below the Beverages - Non-Alcoholic industry median of 12.21. Anadolu Efes Biracilik ve Maltnayi AS's overall GF Score™ is 80/100 with 4 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 Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES), the current EV-to-OCF is 8.36 as of Aug. 16, 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 Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) Overvalued in 2026?

Based on GuruFocus' analysis, Anadolu Efes Biracilik ve Maltnayi AS stock appears to be overvalued. The current stock price of ₺19.33 is trading 9.1% above its estimated GF Value™ of ₺17.71. GuruFocus considers Anadolu Efes Biracilik ve Maltnayi AS to be Fairly Valued.

Key valuation signals for IST:AEFES:

  • EV-to-OCF: 8.36 (19% above median its 10-year median of 7.00)
  • GF Value™: ₺17.71 vs. price of ₺19.33 (9.1% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 31.5% below the Beverages - Non-Alcoholic median (#41 of 119)

No single metric tells the full story. See the IST:AEFES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anadolu Efes Biracilik ve Maltnayi AS Business Description

Other Exchanges AEBZY:USAEF41:Germany
Address Fatih Sultan Mehmet Mahallesi Balkan Caddesi, Buyaka E Blok No: 58/24, Istanbul, TUR, 34771
Anadolu Efes Biracilik ve Malt Sanayi AS produces and distributes beer, sparkling, and still beverages under several brand names. It has joint control over Coca-Cola Icecek, which has the rights to sell Coca-Cola products in Turkey, Pakistan, Central Asia, and the Middle East. The group operates in two segments: Beer Operations (Beer Group) and Soft Drinks Operations (Soft Drinks), and the majority of its revenue is generated from the soft drinks segment.
80GF Score

Get the complete analysis for IST:AEFES

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺19.33
Price
₺17.71
GF Value