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.
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.
Adcorp HoldingsJSE:ADR 62 EV-to-OCF is 18.02 as of Sep. 05, 2026, which is 734% above its 10-year median of 2.16. GuruFocus rates JSE:ADR with a GF Score™ of 62/100 and a GF Value™ of R4.61 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,089 Business Services companies, Adcorp Holdings ranks worse than 78.97% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Adcorp Holdings's Enterprise Value is R612 Mil.
Adcorp Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 was R34 Mil. Therefore, Adcorp Holdings's EV-to-OCF for today is 18.02.
The historical rank and industry rank for Adcorp Holdings's EV-to-OCF or its related term are showing as below:
JSE:ADR'
s EV-to-OCF Range Over the Past 10 Years
Min: -191.13 Med: 2.16 Max: 26.12
Current: 17.72
During the past 13 years, the highest EV-to-OCF of Adcorp Holdings was 26.12. The lowest was -191.13. And the median was 2.16.
JSE:ADR's EV-to-OCF is ranked worse than 78.97% of 1089
companies
in the Business Services industry
Industry Median: 6.93
vs JSE:ADR: 17.72
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.
Adcorp Holdings's PE Ratio (TTM) for today is calculated as:
Adcorp Holdings's share price for today is R6.40.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Adcorp Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R1.362.
* 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.
Adcorp Holdings EV-to-OCF Related Terms
Adcorp Holdings EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Adcorp Holdings'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 Staffing & Employment Services subindustry, Adcorp Holdings'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.
Adcorp Holdings EV-to-OCF vs Business Services Industry
For the Business Services industry and Industrials sector, Adcorp Holdings's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Adcorp Holdings's EV-to-OCF falls into.
Adcorp Holdings's current Enterprise Value is R612 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Adcorp Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 was R34 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.
Adcorp Holdings (JSE:ADR) has a EV-to-OCF of 18.02 as of Sep. 05, 2026. This is 734% above median its historical median of 2.16. According to the industry distribution chart, Adcorp Holdings ranks #860 out of 1089 companies in the Business Services industry, placing it in the top 79%.
Is Adcorp Holdings' EV-to-OCF too high?
Adcorp Holdings' current EV-to-OCF of 18.02 is 734% above median its 10-year median of 2.16. The Business Services industry median EV-to-OCF is 6.93. Adcorp Holdings' value of 18.02 is 160% above this industry median. Based on the distribution chart, Adcorp Holdings ranks #860 out of 1089 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Adcorp Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adcorp Holdings' EV-to-OCF compare to RHI and KFY?
According to the Business Services industry distribution chart, Adcorp Holdings ranks #860 out of 1089 companies for EV-to-OCF. This places Adcorp Holdings in the lower half of its industry. The industry median EV-to-OCF is 6.93. Adcorp Holdings' value of 18.02 is 160% above this benchmark. While the company's 10-year median is 2.16 vs. the industry median of 6.93, Adcorp Holdings 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 Business Services company?
The median EV-to-OCF among Business Services companies is 6.93, based on 1,089 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. Adcorp Holdings's current EV-to-OCF of 18.02 is 160% 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 Business Services industry, the median EV-to-OCF is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adcorp Holdings's current EV-to-OCF is 18.02, which is 734% above median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adcorp Holdings (JSE:ADR) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.61, compared to a current price of R6.40 — trading 38.8% above its estimated fair value. The current EV-to-OCF is 18.02, which is 734% above median its 10-year median of 2.16 and 160% above the Business Services industry median of 6.93. Adcorp Holdings' overall GF Score™ is 62/100 with 3 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 Adcorp Holdings (JSE:ADR), the current EV-to-OCF is 18.02 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 Adcorp Holdings (JSE:ADR) Overvalued in 2026?
Based on GuruFocus' analysis, Adcorp Holdings stock appears to be overvalued.
The current stock price of R6.40 is trading 38.8% above its estimated GF Value™ of R4.61.
GuruFocus considers Adcorp Holdings to be Significantly Overvalued.
Key valuation signals for JSE:ADR:
EV-to-OCF: 18.02 (734% above median its 10-year median of 2.16)
GF Value™: R4.61 vs. price of R6.40 (38.8% above fair value)
Industry Position: 160% above the Business Services median (#860 of 1089)
No single metric tells the full story. See the JSE:ADR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.
62GF Score
Get the complete analysis for JSE:ADR
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:ADR has been successfully added to your 
