Clicks Group (JSE:CLS) EV-to-OCF: 15.40 (As of Aug. 31, 2026) — 52% Below 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.

JSE:CLS Clicks Group Ltd JSE:CLS
85 GF Score
Price R200.74
GF Value R390.59
Valuation Significantly Undervalued
View Full Analysis

What is Clicks Group EV-to-OCF?

Clicks Group JSE:CLS -0.21% 85 EV-to-OCF is 15.40 as of Aug. 31, 2026, which is 52% below its 10-year median of 32.18. GuruFocus rates JSE:CLS with a GF Score™ of 85/100 and a GF Value™ of R390.59 (Significantly Undervalued). Among 685 Healthcare Providers & Services companies, Clicks Group ranks worse than 69.34% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Clicks Group's Enterprise Value is R49,697 Mil. Clicks Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 was R3,227 Mil. Therefore, Clicks Group's EV-to-OCF for today is 15.40.

The historical rank and industry rank for Clicks Group's EV-to-OCF or its related term are showing as below:

JSE:CLS' s EV-to-OCF Range Over the Past 10 Years
Min: 14.55   Med: 32.18   Max: 62.36
Current: 15.4

During the past 13 years, the highest EV-to-OCF of Clicks Group was 62.36. The lowest was 14.55. And the median was 32.18.

JSE:CLS's EV-to-OCF is ranked worse than
69.34% of 685 companies
in the Healthcare Providers & Services industry
Industry Median: 9.09 vs JSE:CLS: 15.40

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 (2026-08-31), Clicks Group's stock price is R200.74. Clicks Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R14.127. Therefore, Clicks Group's PE Ratio (TTM) for today is 14.21.


Clicks Group  (JSE:CLS) 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.

Clicks Group's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=200.74/14.127
=14.21

Clicks Group's share price for today is R200.74.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Clicks Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R14.127.

* 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.


Clicks Group EV-to-OCF Related Terms


Clicks Group EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Clicks Group'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.

Clicks Group EV-to-OCF Chart

Clicks Group Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.45 38.49 20.16 29.95 26.67

Clicks Group Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.00 29.95 0.00 26.67 0.00

Clicks Group EV-to-OCF Competitor Comparison

For the Pharmaceutical Retailers subindustry, Clicks Group'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.


Clicks Group EV-to-OCF vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Clicks Group's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Clicks Group's EV-to-OCF falls into.


JSE:CLS
85GF Score
Clicks Group Ltd JSE:CLS
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Clicks Group EV-to-OCF Calculation

Clicks Group's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=49696.680/3227.495
=15.40

Clicks Group's current Enterprise Value is R49,697 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Clicks Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 was R3,227 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 15.40 mean?
Clicks Group (JSE:CLS) has a EV-to-OCF of 15.40 as of Aug. 31, 2026. This is 52% below median its historical median of 32.18. Over the past decade, Clicks Group's EV-to-OCF has ranged from 14.55 to 62.36. According to the industry distribution chart, Clicks Group ranks #475 out of 685 companies in the Healthcare Providers & Services industry, placing it in the top 69.3%.
Is Clicks Group's EV-to-OCF too high?
Clicks Group's current EV-to-OCF of 15.40 is 52% below median its 10-year median of 32.18. Over the past 10 years, this metric has ranged from a low of 14.55 to a high of 62.36. The Healthcare Providers & Services industry median EV-to-OCF is 9.09. Clicks Group's value of 15.40 is 69.4% above this industry median. Based on the distribution chart, Clicks Group ranks #475 out of 685 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Clicks Group has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clicks Group's EV-to-OCF compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Clicks Group ranks #475 out of 685 companies for EV-to-OCF. This places Clicks Group in the lower half of its industry. The industry median EV-to-OCF is 9.09. Clicks Group's value of 15.40 is 69.4% above this benchmark. Historically, Clicks Group's own EV-to-OCF has ranged from 14.55 to 62.36 over the past decade. While the company's 10-year median is 32.18 vs. the industry median of 9.09, Clicks Group 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 Healthcare Providers & Services company?
The median EV-to-OCF among Healthcare Providers & Services companies is 9.09, based on 685 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. Clicks Group's current EV-to-OCF of 15.40 is 69.4% 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 Healthcare Providers & Services industry, the median EV-to-OCF is 9.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clicks Group's current EV-to-OCF is 15.40, which is 52% below median its own 10-year median of 32.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clicks Group stock overvalued right now?
Based on GuruFocus' analysis, Clicks Group (JSE:CLS) is currently considered Significantly Undervalued. The stock's GF Value™ is R390.59, compared to a current price of R200.74 — trading 48.6% below its estimated fair value. The current EV-to-OCF is 15.40, which is 52% below median its 10-year median of 32.18 and 69.4% above the Healthcare Providers & Services industry median of 9.09. Clicks Group's overall GF Score™ is 85/100. 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 Clicks Group (JSE:CLS), the current EV-to-OCF is 15.40 as of Aug. 31, 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 Clicks Group (JSE:CLS) Overvalued in 2026?

Based on GuruFocus' analysis, Clicks Group stock appears to be undervalued. The current stock price of R200.74 is trading 48.6% below its estimated GF Value™ of R390.59. GuruFocus considers Clicks Group to be Significantly Undervalued.

Key valuation signals for JSE:CLS:

  • EV-to-OCF: 15.40 (52% below median its 10-year median of 32.18)
  • GF Value™: R390.59 vs. price of R200.74 (48.6% below fair value)
  • GF Score™: 85/100
  • Industry Position: 69.4% above the Healthcare Providers & Services median (#475 of 685)

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


Clicks Group Business Description

Address Cnr Searle and Pontac Streets, PO Box 5142, Cape Town, ZAF, 8001
Clicks Group Ltd operates prominently in health, beauty, and wellness retail across southern Africa. The company predominantly operates a retail pharmacy chain in South Africa, with a limited number of operations in bordering countries. The company has a portfolio of retail franchise brands including The Body Shop, M-Kem, and Sorbet among others. The company's business segments include Retail and Distribution. The company generates revenue from in-store and online sales of health, beauty, and wellness items, plus wholesale pharmaceutical distribution. Geographically, the maximum revenue is generated from South Africa.
85GF Score

Get the complete analysis for JSE:CLS

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

R200.74
Price
R390.59
GF Value