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NetcareJSE:NTC -0.34%81 EV-to-OCF is 235.83 as of Sep. 16, 2026, which is 1379% above its 10-year median of 15.95. GuruFocus rates JSE:NTC with a GF Score™ of 81/100 and a GF Value™ of R17.12 (Fairly Valued). The stock has 8 warning signs investors should review. Among 685 Healthcare Providers & Services companies, Netcare ranks worse than 98.25% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Netcare's Enterprise Value is R33,017 Mil.
Netcare's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was R140 Mil. Therefore, Netcare's EV-to-OCF for today is 235.83.
The historical rank and industry rank for Netcare's EV-to-OCF or its related term are showing as below:
JSE:NTC'
s EV-to-OCF Range Over the Past 10 Years
Min: -34.34 Med: 15.95 Max: 237.32
Current: 237.32
During the past 13 years, the highest EV-to-OCF of Netcare was 237.32. The lowest was -34.34. And the median was 15.95.
JSE:NTC's EV-to-OCF is ranked worse than 98.25% of 685
companies
in the Healthcare Providers & Services industry
Industry Median: 8.65
vs JSE:NTC: 237.32
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.
Netcare's share price for today is R17.80.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Netcare's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was R1.442.
* 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.
Netcare EV-to-OCF Related Terms
Netcare EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Netcare'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 Medical Care Facilities subindustry, Netcare'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.
Netcare EV-to-OCF vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Netcare's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Netcare's EV-to-OCF falls into.
Netcare's current Enterprise Value is R33,017 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Netcare's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was R140 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.
Netcare (JSE:NTC) has a EV-to-OCF of 235.83 as of Sep. 16, 2026. This is 1379% above median its historical median of 15.95. According to the industry distribution chart, Netcare ranks #673 out of 685 companies in the Healthcare Providers & Services industry, placing it in the top 98.2%.
Is Netcare's EV-to-OCF too high?
Netcare's current EV-to-OCF of 235.83 is 1379% above median its 10-year median of 15.95. The Healthcare Providers & Services industry median EV-to-OCF is 8.65. Netcare's value of 235.83 is 2626.4% above this industry median. Based on the distribution chart, Netcare ranks #673 out of 685 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Netcare has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Netcare's EV-to-OCF compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Netcare ranks #673 out of 685 companies for EV-to-OCF. This places Netcare in the lower half of its industry. The industry median EV-to-OCF is 8.65. Netcare's value of 235.83 is 2626.4% above this benchmark. While the company's 10-year median is 15.95 vs. the industry median of 8.65, Netcare 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 8.65, 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. Netcare's current EV-to-OCF of 235.83 is 2626.4% 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 8.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netcare's current EV-to-OCF is 235.83, which is 1379% above median its own 10-year median of 15.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcare stock overvalued right now?
Based on GuruFocus' analysis, Netcare (JSE:NTC) is currently considered Fairly Valued. The stock's GF Value™ is R17.12, compared to a current price of R17.80 — trading 4% above its estimated fair value. The current EV-to-OCF is 235.83, which is 1379% above median its 10-year median of 15.95 and 2626.4% above the Healthcare Providers & Services industry median of 8.65. Netcare's overall GF Score™ is 81/100 with 8 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 Netcare (JSE:NTC), the current EV-to-OCF is 235.83 as of Sep. 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 Netcare (JSE:NTC) Overvalued in 2026?
Based on GuruFocus' analysis, Netcare stock appears to be overvalued.
The current stock price of R17.80 is trading 4% above its estimated GF Value™ of R17.12.
GuruFocus considers Netcare to be Fairly Valued.
Key valuation signals for JSE:NTC:
EV-to-OCF: 235.83 (1379% above median its 10-year median of 15.95)
GF Value™: R17.12 vs. price of R17.80 (4% above fair value)
Industry Position: 2626.4% above the Healthcare Providers & Services median (#673 of 685)
No single metric tells the full story. See the JSE:NTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netcare Ltd operates a network of hospitals in South Africa. Its network also includes emergency, cancer care, diagnostic support, primary care, and renal care services as well as occupational health and wellness services. The firm operates in two segments: Hospital and emergency services and Primary Care. The Hospital and emergency services segment contributes to majority of the firm's revenue. Netcare's services include Netcare appointmed TM, Netcare Cancer Care, Netcare Family Connect Line, Netcare Occupational Health and Netcare Pharmacy.
81GF Score
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