MDU (MDU Resources Group) EV-to-OCF: 16.66 (As of Aug. 21, 2026) — 76% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

MDU MDU Resources Group Inc MDU
77 GF Score
Price $19.95
GF Value $18.25
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is MDU Resources Group EV-to-OCF?

MDU Resources Group MDU -1.77% 77 EV-to-OCF is 16.66 as of Aug. 21, 2026, which is 76% above its 10-year median of 9.49. GuruFocus rates MDU with a GF Score™ of 77/100 and a GF Value™ of $18.25 (Fairly Valued). The stock has 5 warning signs investors should review. Among 504 Utilities - Regulated companies, MDU Resources Group ranks worse than 74.6% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, MDU Resources Group's Enterprise Value is $6,727 Mil. MDU Resources Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $404 Mil. Therefore, MDU Resources Group's EV-to-OCF for today is 16.66.

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

MDU' s EV-to-OCF Range Over the Past 10 Years
Min: 4.85   Med: 9.49   Max: 17.82
Current: 16.66

During the past 13 years, the highest EV-to-OCF of MDU Resources Group was 17.82. The lowest was 4.85. And the median was 9.49.

MDU's EV-to-OCF is ranked worse than
74.6% of 504 companies
in the Utilities - Regulated industry
Industry Median: 10.175 vs MDU: 16.66

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 (2026-08-21), MDU Resources Group's stock price is $19.95. MDU Resources Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.950. Therefore, MDU Resources Group's PE Ratio (TTM) for today is 21.00.


MDU Resources Group  (NYSE:MDU) 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.

MDU Resources Group's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=19.95/0.950
=21.00

MDU Resources Group's share price for today is $19.95.
MDU Resources Group'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 $0.950.

* 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.


MDU Resources Group EV-to-OCF Related Terms


MDU Resources Group EV-to-OCF Historical Data

* Premium members only.

The historical data trend for MDU Resources Group'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.

MDU Resources Group EV-to-OCF Chart

MDU Resources Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.48 9.39 13.37 11.75 14.02

MDU Resources Group 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 10.32 13.05 14.02 16.97 17.32

MDU vs SR, OGS, CPK: EV-to-OCF Comparison

For the Utilities - Regulated Gas subindustry, MDU Resources 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.


MDU Resources Group EV-to-OCF vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, MDU Resources Group's EV-to-OCF distribution charts can be found below:

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


MDU
77GF Score
MDU Resources Group Inc MDU
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MDU Resources Group EV-to-OCF Calculation

MDU Resources Group's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=6727.358/403.781
=16.66

MDU Resources Group's current Enterprise Value is $6,727 Mil.
MDU Resources Group'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 $404 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 16.66 mean?
MDU Resources Group (MDU) has a EV-to-OCF of 16.66 as of Aug. 21, 2026. This is 76% above median its historical median of 9.49. Over the past decade, MDU Resources Group's EV-to-OCF has ranged from 4.85 to 17.82. According to the industry distribution chart, MDU Resources Group ranks #376 out of 504 companies in the Utilities - Regulated industry, placing it in the top 74.6%.
Is MDU Resources Group's EV-to-OCF too high?
MDU Resources Group's current EV-to-OCF of 16.66 is 76% above median its 10-year median of 9.49. Over the past 10 years, this metric has ranged from a low of 4.85 to a high of 17.82. The Utilities - Regulated industry median EV-to-OCF is 10.18. MDU Resources Group's value of 16.66 is 63.7% above this industry median. Based on the distribution chart, MDU Resources Group ranks #376 out of 504 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, MDU Resources Group has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MDU Resources Group's EV-to-OCF compare to SR and OGS?
According to the Utilities - Regulated industry distribution chart, MDU Resources Group ranks #376 out of 504 companies for EV-to-OCF. This places MDU Resources Group in the lower half of its industry. The industry median EV-to-OCF is 10.18. MDU Resources Group's value of 16.66 is 63.7% above this benchmark. Historically, MDU Resources Group's own EV-to-OCF has ranged from 4.85 to 17.82 over the past decade. While the company's 10-year median is 9.49 vs. the industry median of 10.18, MDU Resources Group 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 an Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.18, based on 504 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. MDU Resources Group's current EV-to-OCF of 16.66 is 63.7% 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 Utilities - Regulated industry, the median EV-to-OCF is 10.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MDU Resources Group's current EV-to-OCF is 16.66, which is 76% above median its own 10-year median of 9.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDU Resources Group stock overvalued right now?
Based on GuruFocus' analysis, MDU Resources Group (MDU) is currently considered Fairly Valued. The stock's GF Value™ is $18.25, compared to a current price of $19.95 — trading 9.3% above its estimated fair value. The current EV-to-OCF is 16.66, which is 76% above median its 10-year median of 9.49 and 63.7% above the Utilities - Regulated industry median of 10.18. MDU Resources Group's overall GF Score™ is 77/100 with 5 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 MDU Resources Group (MDU), the current EV-to-OCF is 16.66 as of Aug. 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 MDU Resources Group (MDU) Overvalued in 2026?

Based on GuruFocus' analysis, MDU Resources Group stock appears to be overvalued. The current stock price of $19.95 is trading 9.3% above its estimated GF Value™ of $18.25. GuruFocus considers MDU Resources Group to be Fairly Valued.

Key valuation signals for MDU:

  • EV-to-OCF: 16.66 (76% above median its 10-year median of 9.49)
  • GF Value™: $18.25 vs. price of $19.95 (9.3% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 63.7% above the Utilities - Regulated median (#376 of 504)

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


MDU Resources Group Business Description

Other Exchanges MRE:Germany
Address 1200 West Century Avenue, P.O. Box 5650, Bismarck, ND, USA, 58506-5650
MDU Resources Group Inc is a pure-play regulated energy delivery business. It is organized into three reportable business segments: Electric, Natural Gas Distribution, and Pipeline. Maximum revenue is generated from the Pipeline segment, which provides natural gas transportation and underground storage services through a FERC-regulated pipeline system mainly in the Rocky Mountain and northern Great Plains regions of the United States. This segment also provides non-regulated energy-related services, including cathodic protection. The electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming, and the natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon, and Washington.
77GF Score

Get the complete analysis for MDU

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

$19.95
Price
$18.25
GF Value