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THGLSE:THG +1.57%34 EV-to-OCF is 27.30 as of Aug. 23, 2026, which is 15% below its 10-year median of 32.24. GuruFocus rates LSE:THG with a GF Score™ of 34/100 and a GF Value™ of £0.36 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,133 Retail - Cyclical companies, THG ranks worse than 86.58% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, THG's Enterprise Value is £912 Mil.
THG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was £33 Mil. Therefore, THG's EV-to-OCF for today is 27.30.
The historical rank and industry rank for THG's EV-to-OCF or its related term are showing as below:
LSE:THG'
s EV-to-OCF Range Over the Past 10 Years
Min: 6.84 Med: 32.24 Max: 134.28
Current: 27.3
During the past 9 years, the highest EV-to-OCF of THG was 134.28. The lowest was 6.84. And the median was 32.24.
LSE:THG's EV-to-OCF is ranked worse than 86.58% of 1133
companies
in the Retail - Cyclical industry
Industry Median: 7.25
vs LSE:THG: 27.30
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 (2026-08-23), THG's stock price is £0.3364.
THG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was £0.046. Therefore, THG's PE Ratio (TTM) for today is 7.31.
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.
THG's share price for today is £0.3364.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. THG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was £0.046.
* 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.
THG EV-to-OCF Related Terms
THG EV-to-OCF Historical Data
* Premium members only.
The historical data trend for THG'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 Internet Retail subindustry, THG'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.
THG EV-to-OCF vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, THG's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where THG's EV-to-OCF falls into.
THG's current Enterprise Value is £912 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. THG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was £33 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.
THG (LSE:THG) has a EV-to-OCF of 27.30 as of Aug. 23, 2026. This is 15% below median its historical median of 32.24. Over the past decade, THG's EV-to-OCF has ranged from 6.84 to 134.28. According to the industry distribution chart, THG ranks #981 out of 1133 companies in the Retail - Cyclical industry, placing it in the top 86.6%.
Is THG's EV-to-OCF too high?
THG's current EV-to-OCF of 27.30 is 15% below median its 10-year median of 32.24. Over the past 10 years, this metric has ranged from a low of 6.84 to a high of 134.28. The Retail - Cyclical industry median EV-to-OCF is 7.25. THG's value of 27.30 is 276.6% above this industry median. Based on the distribution chart, THG ranks #981 out of 1133 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, THG has a GF Score™ of 34/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does THG's EV-to-OCF compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, THG ranks #981 out of 1133 companies for EV-to-OCF. This places THG in the lower half of its industry. The industry median EV-to-OCF is 7.25. THG's value of 27.30 is 276.6% above this benchmark. Historically, THG's own EV-to-OCF has ranged from 6.84 to 134.28 over the past decade. While the company's 10-year median is 32.24 vs. the industry median of 7.25, THG 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 Retail - Cyclical company?
The median EV-to-OCF among Retail - Cyclical companies is 7.25, based on 1,133 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. THG's current EV-to-OCF of 27.30 is 276.6% 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 Retail - Cyclical industry, the median EV-to-OCF is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. THG's current EV-to-OCF is 27.30, which is 15% below median its own 10-year median of 32.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is THG stock overvalued right now?
Based on GuruFocus' analysis, THG (LSE:THG) is currently considered Fairly Valued. The stock's GF Value™ is £0.36, compared to a current price of £0.34 — trading 6.6% below its estimated fair value. The current EV-to-OCF is 27.30, which is 15% below median its 10-year median of 32.24 and 276.6% above the Retail - Cyclical industry median of 7.25. THG's overall GF Score™ is 34/100 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 THG (LSE:THG), the current EV-to-OCF is 27.30 as of Aug. 23, 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 THG (LSE:THG) Overvalued in 2026?
Based on GuruFocus' analysis, THG stock appears to be undervalued.
The current stock price of £0.34 is trading 6.6% below its estimated GF Value™ of £0.36.
GuruFocus considers THG to be Fairly Valued.
Key valuation signals for LSE:THG:
EV-to-OCF: 27.30 (15% below median its 10-year median of 32.24)
GF Value™: £0.36 vs. price of £0.34 (6.6% below fair value)
Industry Position: 276.6% above the Retail - Cyclical median (#981 of 1133)
No single metric tells the full story. See the LSE:THG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
THG PLC is a UK-based retailer and brand owner headquartered in Manchester, operating as a digital-first, vertically integrated consumer group across two core businesses. The Group follows a UK D2C model and is expanding into high-growth international markets and selective physical retail. Its operations comprise two segments: THG Beauty, the segment generating maximum revenue, is a digital-first brand owner, retailer and manufacturer in prestige beauty, with own brands in skincare, haircare and cosmetics and platforms such as Lookfantastic, Dermstore and Cult Beauty, and THG Nutrition, which includes the online sports nutrition brand Myprotein along with Myvegan, Myvitamins, MP Activewear and MPRO, supported by production facilities. The Group generates maximum revenue from the UK.
34GF Score
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