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Combined Motor HoldingsJSE:CMH -1.37%91 EV-to-OCF is 4.65 as of Sep. 21, 2026, which is 5% below its 10-year median of 4.91. GuruFocus rates JSE:CMH with a GF Score™ of 91/100 and a GF Value™ of R39.62 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,340 Vehicles & Parts companies, Combined Motor Holdings ranks better than 70.75% on this metric.
The historical rank and industry rank for Combined Motor Holdings's EV-to-OCF or its related term are showing as below:
JSE:CMH'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.31 Med: 4.91 Max: 24.6
Current: 3.87
During the past 13 years, the highest EV-to-OCF of Combined Motor Holdings was 24.60. The lowest was 2.31. And the median was 4.91.
JSE:CMH's EV-to-OCF is ranked better than 70.75% of 1340
companies
in the Vehicles & Parts industry
Industry Median: 8.055
vs JSE:CMH: 3.87
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.
Combined Motor Holdings (JSE:CMH) 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.
Combined Motor Holdings's PE Ratio (TTM) for today is calculated as:
Combined Motor Holdings's share price for today is R36.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Combined Motor Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R5.249.
* 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 Auto & Truck Dealerships subindustry, Combined Motor 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.
Combined Motor Holdings EV-to-OCF vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Combined Motor Holdings's EV-to-OCF falls into.
Combined Motor Holdings's current Enterprise Value is R3,487 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Combined Motor Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 was R750 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.
Combined Motor Holdings (JSE:CMH) has a EV-to-OCF of 4.65 as of Sep. 21, 2026. This is near median its historical median of 4.91. Over the past decade, Combined Motor Holdings' EV-to-OCF has ranged from 2.31 to 24.60. According to the industry distribution chart, Combined Motor Holdings ranks #392 out of 1340 companies in the Vehicles & Parts industry, placing it in the top 29.3%.
Is Combined Motor Holdings' EV-to-OCF too high?
Combined Motor Holdings' current EV-to-OCF of 4.65 is near median its 10-year median of 4.91. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 24.60. The Vehicles & Parts industry median EV-to-OCF is 8.06. Combined Motor Holdings' value of 4.65 is 42.3% below this industry median. Based on the distribution chart, Combined Motor Holdings ranks #392 out of 1340 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Combined Motor Holdings has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Combined Motor Holdings' EV-to-OCF compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Combined Motor Holdings ranks #392 out of 1340 companies for EV-to-OCF. This puts Combined Motor Holdings in the upper half of its industry. The industry median EV-to-OCF is 8.06. Combined Motor Holdings' value of 4.65 is 42.3% below this benchmark. Historically, Combined Motor Holdings' own EV-to-OCF has ranged from 2.31 to 24.60 over the past decade. While the company's 10-year median is 4.91 vs. the industry median of 8.06, Combined Motor Holdings 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 Vehicles & Parts company?
The median EV-to-OCF among Vehicles & Parts companies is 8.06, based on 1,340 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. Combined Motor Holdings's current EV-to-OCF of 4.65 is 42.3% 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 Vehicles & Parts industry, the median EV-to-OCF is 8.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Motor Holdings's current EV-to-OCF is 4.65, which is near median its own 10-year median of 4.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Motor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Combined Motor Holdings (JSE:CMH) is currently considered Fairly Valued. The stock's GF Value™ is R39.62, compared to a current price of R36.00 — trading 9.1% below its estimated fair value. The current EV-to-OCF is 4.65, which is near median its 10-year median of 4.91 and 42.3% below the Vehicles & Parts industry median of 8.06. Combined Motor Holdings' overall GF Score™ is 91/100 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 Combined Motor Holdings (JSE:CMH), the current EV-to-OCF is 4.65 as of Sep. 21, 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 Combined Motor Holdings (JSE:CMH) Overvalued in 2026?
Based on GuruFocus' analysis, Combined Motor Holdings stock appears to be undervalued.
The current stock price of R36.00 is trading 9.1% below its estimated GF Value™ of R39.62.
GuruFocus considers Combined Motor Holdings to be Fairly Valued.
Key valuation signals for JSE:CMH:
EV-to-OCF: 4.65 (near median its 10-year median of 4.91)
GF Value™: R39.62 vs. price of R36.00 (9.1% below fair value)
Industry Position: 42.3% below the Vehicles & Parts median (#392 of 1340)
No single metric tells the full story. See the JSE:CMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Combined Motor Holdings Ltd is a South Africa-based investment holding company engaged in motor retail and distribution, car hire, and financial services. The Company operates through four business segments: Motor Retail and Distribution, which generates maximum revenue and covers passenger, light commercial, and heavy commercial vehicles in both the volume and luxury categories; Car Hire, which offers a range of well-maintained vehicles for short- and long-term hire; Financial Services, which provides insurance underwriting facilities for products sold with new and used vehicles, including coverage for death, disability, dread disease, retrenchment, vehicle and component warranties, and vehicle financing through joint ventures with two finance houses; and Corporate Services and Other.
91GF Score
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