DraftKings (LTS:0ABA) EV-to-OCF: 19.78 (As of Sep. 15, 2026)

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.
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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.

LTS:0ABA DraftKings Inc LTS:0ABA
56 GF Score
Price $23.79
GF Value $54.14
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is DraftKings EV-to-OCF?

DraftKings LTS:0ABA 56 EV-to-OCF is 19.78 as of Sep. 15, 2026. GuruFocus rates LTS:0ABA with a GF Score™ of 56/100 and a GF Value™ of $54.14 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 851 Travel & Leisure companies, DraftKings ranks worse than 78.97% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, DraftKings's Enterprise Value is $13,269 Mil. DraftKings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $671 Mil. Therefore, DraftKings's EV-to-OCF for today is 19.78.

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

LTS:0ABA' s EV-to-OCF Range Over the Past 10 Years
Min: -12661.55   Med: -10.38   Max: 174.23
Current: 19.7

During the past 9 years, the highest EV-to-OCF of DraftKings was 174.23. The lowest was -12661.55. And the median was -10.38.

LTS:0ABA's EV-to-OCF is ranked worse than
78.97% of 851 companies
in the Travel & Leisure industry
Industry Median: 9.06 vs LTS:0ABA: 19.70

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 (2026-09-15), DraftKings's stock price is $23.785. DraftKings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $-0.380. Therefore, DraftKings's PE Ratio (TTM) for today is At Loss.


DraftKings  (LTS:0ABA) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=23.785/-0.380
=At Loss

DraftKings's share price for today is $23.785.
DraftKings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.380.

* 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.


DraftKings EV-to-OCF Related Terms


DraftKings EV-to-OCF Historical Data

* Premium members only.

The historical data trend for DraftKings'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.

DraftKings EV-to-OCF Chart

DraftKings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only -24.71 -8.23 -9,559.20 44.86 26.89

DraftKings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 42.68 28.83 26.89 15.87 20.06

LTS:0ABA vs FLUT, SGHC, LNWO: EV-to-OCF Comparison

For the Gambling subindustry, DraftKings'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.


DraftKings EV-to-OCF vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DraftKings's EV-to-OCF distribution charts can be found below:

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


LTS:0ABA
56GF Score
DraftKings Inc LTS:0ABA
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DraftKings EV-to-OCF Calculation

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

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=13269.010/670.951
=19.78

DraftKings's current Enterprise Value is $13,269 Mil.
DraftKings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $671 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 19.78 mean?
DraftKings (LTS:0ABA) has a EV-to-OCF of 19.78 as of Sep. 15, 2026. According to the industry distribution chart, DraftKings ranks #672 out of 851 companies in the Travel & Leisure industry, placing it in the top 79%.
Is DraftKings' EV-to-OCF too high?
DraftKings' current EV-to-OCF is 19.78. The Travel & Leisure industry median EV-to-OCF is 9.06. DraftKings' value of 19.78 is 118.3% above this industry median. Based on the distribution chart, DraftKings ranks #672 out of 851 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, DraftKings has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DraftKings' EV-to-OCF compare to FLUT and SGHC?
According to the Travel & Leisure industry distribution chart, DraftKings ranks #672 out of 851 companies for EV-to-OCF. This places DraftKings in the lower half of its industry. The industry median EV-to-OCF is 9.06. DraftKings' value of 19.78 is 118.3% above this benchmark. 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 Travel & Leisure company?
The median EV-to-OCF among Travel & Leisure companies is 9.06, based on 851 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. DraftKings's current EV-to-OCF of 19.78 is 118.3% 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 Travel & Leisure industry, the median EV-to-OCF is 9.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DraftKings's current EV-to-OCF is 19.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DraftKings stock overvalued right now?
Based on GuruFocus' analysis, DraftKings (LTS:0ABA) is currently considered Possible Value Trap. The stock's GF Value™ is $54.14, compared to a current price of $23.79 — trading 56.1% below its estimated fair value. The current EV-to-OCF is 19.78 and 118.3% above the Travel & Leisure industry median of 9.06. DraftKings' overall GF Score™ is 56/100 with 3 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 DraftKings (LTS:0ABA), the current EV-to-OCF is 19.78 as of Sep. 15, 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 DraftKings (LTS:0ABA) Overvalued in 2026?

Based on GuruFocus' analysis, DraftKings stock appears to be undervalued. The current stock price of $23.79 is trading 56.1% below its estimated GF Value™ of $54.14. GuruFocus considers DraftKings to be Possible Value Trap.

Key valuation signals for LTS:0ABA:

  • EV-to-OCF: 19.78
  • GF Value™: $54.14 vs. price of $23.79 (56.1% below fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 118.3% above the Travel & Leisure median (#672 of 851)

No single metric tells the full story. See the LTS:0ABA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DraftKings Business Description

Address 222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number-two or -three revenue share position across states where it competes. With its predictive market launch in 2025, DraftKings is now live with online or retail sports betting in most all states and i-gaming in five states, with both products available to around 40% of Canada's population. In 2025, sports revenue was 63% of total sales, i-gaming 30%, and fantasy and lottery 7%.
56GF Score

Get the complete analysis for LTS:0ABA

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

$23.79
Price
$54.14
GF Value