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Tetragon Financial GroupLSE:TFG -0.35%40 EV-to-OCF is 3.99 as of Sep. 13, 2026, which is 13% above its 10-year median of 3.54. GuruFocus rates LSE:TFG with a GF Score™ of 40/100 and a GF Value™ of $40.21 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,496 Asset Management companies, Tetragon Financial Group ranks better than 53.14% on this metric.
The historical rank and industry rank for Tetragon Financial Group's EV-to-OCF or its related term are showing as below:
LSE:TFG'
s EV-to-OCF Range Over the Past 10 Years
Min: -2475.78 Med: 3.54 Max: 42.45
Current: 3.99
During the past 13 years, the highest EV-to-OCF of Tetragon Financial Group was 42.45. The lowest was -2475.78. And the median was 3.54.
LSE:TFG's EV-to-OCF is ranked better than 53.14% of 1496
companies
in the Asset Management industry
Industry Median: 5.465
vs LSE:TFG: 3.99
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.
Tetragon Financial Group (LSE:TFG) 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.
Tetragon Financial Group's PE Ratio (TTM) for today is calculated as:
Tetragon Financial Group's share price for today is $14.05.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tetragon Financial Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $1.580.
* 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.
Tetragon Financial Group EV-to-OCF Related Terms
Tetragon Financial Group EV-to-OCF Historical Data
* 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 Asset Management subindustry, Tetragon Financial 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.
Tetragon Financial Group EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Tetragon Financial Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Tetragon Financial Group's EV-to-OCF falls into.
Tetragon Financial Group's current Enterprise Value is $1,289.3 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tetragon Financial Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $323.2 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.
Tetragon Financial Group (LSE:TFG) has a EV-to-OCF of 3.99 as of Sep. 13, 2026. This is 13% above median its historical median of 3.54. According to the industry distribution chart, Tetragon Financial Group ranks #701 out of 1496 companies in the Asset Management industry, placing it in the top 46.9%.
Is Tetragon Financial Group's EV-to-OCF too high?
Tetragon Financial Group's current EV-to-OCF of 3.99 is 13% above median its 10-year median of 3.54. The Asset Management industry median EV-to-OCF is 5.47. Tetragon Financial Group's value of 3.99 is 27% below this industry median. Based on the distribution chart, Tetragon Financial Group ranks #701 out of 1496 companies in the Asset Management industry, which is above the industry midpoint. Overall, Tetragon Financial Group has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tetragon Financial Group's EV-to-OCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Tetragon Financial Group ranks #701 out of 1496 companies for EV-to-OCF. This puts Tetragon Financial Group in the upper half of its industry. The industry median EV-to-OCF is 5.47. Tetragon Financial Group's value of 3.99 is 27% below this benchmark. While the company's 10-year median is 3.54 vs. the industry median of 5.47, Tetragon Financial Group 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 an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.47, based on 1,496 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. Tetragon Financial Group's current EV-to-OCF of 3.99 is 27% 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 Asset Management industry, the median EV-to-OCF is 5.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tetragon Financial Group's current EV-to-OCF is 3.99, which is 13% above median its own 10-year median of 3.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tetragon Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Tetragon Financial Group (LSE:TFG) is currently considered Possible Value Trap. The stock's GF Value™ is $40.21, compared to a current price of $14.05 — trading 65.1% below its estimated fair value. The current EV-to-OCF is 3.99, which is 13% above median its 10-year median of 3.54 and 27% below the Asset Management industry median of 5.47. Tetragon Financial Group's overall GF Score™ is 40/100 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 Tetragon Financial Group (LSE:TFG), the current EV-to-OCF is 3.99 as of Sep. 13, 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 Tetragon Financial Group (LSE:TFG) Overvalued in 2026?
Based on GuruFocus' analysis, Tetragon Financial Group stock appears to be undervalued.
The current stock price of $14.05 is trading 65.1% below its estimated GF Value™ of $40.21.
GuruFocus considers Tetragon Financial Group to be Possible Value Trap.
Key valuation signals for LSE:TFG:
EV-to-OCF: 3.99 (13% above median its 10-year median of 3.54)
GF Value™: $40.21 vs. price of $14.05 (65.1% below fair value)
Industry Position: 27% below the Asset Management median (#701 of 1496)
No single metric tells the full story. See the LSE:TFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tetragon Financial Group Ltd is a Guernsey closed-ended investment company. The company's investment objective is to generate distributable income and capital appreciation. It provides stable returns to investors across various credit, equity, interest rate, and inflation cycles. The firm's investment portfolio comprises of assets, including a diversified alternative asset management business, TFG Asset Management, and covers bank loans, real estate, equities, credit, convertible bonds, hedge funds, and infrastructure.
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