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National Bank HoldingsNBHC +2.28%62 EV-to-OCF is 10.71 as of Sep. 02, 2026, which is 13% above its 10-year median of 9.49. GuruFocus rates NBHC with a GF Score™ of 62/100 and a GF Value™ of $41.59 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,488 Banks companies, National Bank Holdings ranks worse than 72.51% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, National Bank Holdings's Enterprise Value is $1,807.6 Mil.
National Bank Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $168.8 Mil. Therefore, National Bank Holdings's EV-to-OCF for today is 10.71.
The historical rank and industry rank for National Bank Holdings's EV-to-OCF or its related term are showing as below:
NBHC'
s EV-to-OCF Range Over the Past 10 Years
Min: -216.93 Med: 9.49 Max: 237.39
Current: 10.71
During the past 13 years, the highest EV-to-OCF of National Bank Holdings was 237.39. The lowest was -216.93. And the median was 9.49.
NBHC's EV-to-OCF is ranked worse than 72.51% of 1488
companies
in the Banks industry
Industry Median: 4.015
vs NBHC: 10.71
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.
National Bank Holdings (NYSE:NBHC) 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.
National Bank Holdings's PE Ratio (TTM) for today is calculated as:
National Bank Holdings's share price for today is $41.79.
National Bank Holdings'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 $2.380.
* 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.
* 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 Banks - Regional subindustry, National Bank Holdings'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.
National Bank Holdings EV-to-OCF vs Banks Industry
For the Banks industry and Financial Services sector, National Bank Holdings's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where National Bank Holdings's EV-to-OCF falls into.
National Bank Holdings's current Enterprise Value is $1,807.6 Mil.
National Bank Holdings'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 $168.8 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.
National Bank Holdings (NBHC) has a EV-to-OCF of 10.71 as of Sep. 02, 2026. This is 13% above median its historical median of 9.49. According to the industry distribution chart, National Bank Holdings ranks #1079 out of 1488 companies in the Banks industry, placing it in the top 72.5%.
Is National Bank Holdings' EV-to-OCF too high?
National Bank Holdings' current EV-to-OCF of 10.71 is 13% above median its 10-year median of 9.49. The Banks industry median EV-to-OCF is 4.02. National Bank Holdings' value of 10.71 is 166.7% above this industry median. Based on the distribution chart, National Bank Holdings ranks #1079 out of 1488 companies in the Banks industry, which is below the industry midpoint. Overall, National Bank Holdings has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Bank Holdings' EV-to-OCF compare to OCFC and LOB?
According to the Banks industry distribution chart, National Bank Holdings ranks #1079 out of 1488 companies for EV-to-OCF. This places National Bank Holdings in the lower half of its industry. The industry median EV-to-OCF is 4.02. National Bank Holdings' value of 10.71 is 166.7% above this benchmark. While the company's 10-year median is 9.49 vs. the industry median of 4.02, National Bank Holdings 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 Banks company?
The median EV-to-OCF among Banks companies is 4.02, based on 1,488 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. National Bank Holdings's current EV-to-OCF of 10.71 is 166.7% 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 Banks industry, the median EV-to-OCF is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Bank Holdings's current EV-to-OCF is 10.71, which is 13% 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 National Bank Holdings stock overvalued right now?
Based on GuruFocus' analysis, National Bank Holdings (NBHC) is currently considered Fairly Valued. The stock's GF Value™ is $41.59, compared to a current price of $41.79 — trading 0.5% above its estimated fair value. The current EV-to-OCF is 10.71, which is 13% above median its 10-year median of 9.49 and 166.7% above the Banks industry median of 4.02. National Bank Holdings' overall GF Score™ is 62/100 with 1 warning sign 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 National Bank Holdings (NBHC), the current EV-to-OCF is 10.71 as of Sep. 02, 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 National Bank Holdings (NBHC) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank Holdings stock appears to be overvalued.
The current stock price of $41.79 is trading 0.5% above its estimated GF Value™ of $41.59.
GuruFocus considers National Bank Holdings to be Fairly Valued.
Key valuation signals for NBHC:
EV-to-OCF: 10.71 (13% above median its 10-year median of 9.49)
GF Value™: $41.59 vs. price of $41.79 (0.5% above fair value)
Industry Position: 166.7% above the Banks median (#1079 of 1488)
No single metric tells the full story. See the NBHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank Holdings Corp offers a full range of banking products and financial services to commercial, business, and consumer clients predominantly in Colorado, with a focus on personalized service through relationship managers and banking center associates. The company provides commercial and industrial loans, non-owner occupied commercial real estate loans, Small Business Administration loans as a Preferred Lender Provider, U.S. Department of Agriculture and Farm Service Agency loans, commercial deposit and treasury management products, business online and mobile banking, consumer and residential real estate loans, deposit services, and trust and wealth management services. Its services emphasize full-relationship banking, integrating lending, deposits, and cash management solutions.
62GF Score
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