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Zest SpAMIL:ZEST -0.40%24 EV-to-OCF is -19.16 as of Jul. 28, 2026. GuruFocus rates MIL:ZEST with a GF Score™ of 24/100 and a GF Value™ of €0.14 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,508 Asset Management companies, Zest SpA ranks better than 80.64% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Zest SpA's Enterprise Value is €30.51 Mil.
Zest SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €-1.59 Mil. Therefore, Zest SpA's EV-to-OCF for today is -19.16.
The historical rank and industry rank for Zest SpA's EV-to-OCF or its related term are showing as below:
MIL:ZEST'
s EV-to-OCF Range Over the Past 10 Years
Min: -217.82 Med: -14.92 Max: 26.79
Current: -19.22
During the past 13 years, the highest EV-to-OCF of Zest SpA was 26.79. The lowest was -217.82. And the median was -14.92.
MIL:ZEST's EV-to-OCF is ranked better than 80.64% of 1508
companies
in the Asset Management industry
Industry Median: 6.19
vs MIL:ZEST: -19.22
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.
Zest SpA's share price for today is €0.1245.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Zest SpA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.006.
* 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.
Zest SpA EV-to-OCF Related Terms
Zest SpA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Zest SpA'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 Asset Management subindustry, Zest SpA'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.
Zest SpA EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Zest SpA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Zest SpA's EV-to-OCF falls into.
Zest SpA's current Enterprise Value is €30.51 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Zest SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €-1.59 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.
Zest SpA (MIL:ZEST) has a EV-to-OCF of -19.16 as of Jul. 28, 2026. According to the industry distribution chart, Zest SpA ranks #292 out of 1508 companies in the Asset Management industry, placing it in the top 19.4%.
Is Zest SpA's EV-to-OCF too high?
Zest SpA's current EV-to-OCF is -19.16. Based on the distribution chart, Zest SpA ranks #292 out of 1508 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Zest SpA has a GF Score™ of 24/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zest SpA's EV-to-OCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Zest SpA ranks #292 out of 1508 companies for EV-to-OCF. This places Zest SpA in the top 19% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 6.19. 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 6.19, based on 1,508 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. 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 6.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zest SpA's current EV-to-OCF is -19.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zest SpA stock overvalued right now?
Based on GuruFocus' analysis, Zest SpA (MIL:ZEST) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.14, compared to a current price of €0.12 — trading 11.1% below its estimated fair value. The current EV-to-OCF is -19.16. Zest SpA's overall GF Score™ is 24/100 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 Zest SpA (MIL:ZEST), the current EV-to-OCF is -19.16 as of Jul. 28, 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 Zest SpA (MIL:ZEST) Overvalued in 2026?
Based on GuruFocus' analysis, Zest SpA stock appears to be undervalued.
The current stock price of €0.12 is trading 11.1% below its estimated GF Value™ of €0.14.
GuruFocus considers Zest SpA to be Modestly Undervalued.
Key valuation signals for MIL:ZEST:
EV-to-OCF: -19.16
GF Value™: €0.14 vs. price of €0.12 (11.1% below fair value)
No single metric tells the full story. See the MIL:ZEST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zest SpA formerly LVenture Group SpA is a holding company. It operates in the Private Equity and Venture Capital and provides financial support for the development of StartUp, bringing also a network of relationships and high sectoral expertise.
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