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The9NCTY -15.96%47 EV-to-OCF is -9.46 as of Sep. 09, 2026. GuruFocus rates NCTY with a GF Score™ of 47/100 and a GF Value™ of $2.67 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 805 Capital Markets companies, The9 ranks better than 76.27% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, The9's Enterprise Value is $83.90 Mil.
The9's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $-8.87 Mil. Therefore, The9's EV-to-OCF for today is -9.46.
The historical rank and industry rank for The9's EV-to-OCF or its related term are showing as below:
NCTY'
s EV-to-OCF Range Over the Past 10 Years
Min: -27.28 Med: -2.85 Max: 0.45
Current: -9.46
During the past 13 years, the highest EV-to-OCF of The9 was 0.45. The lowest was -27.28. And the median was -2.85.
NCTY's EV-to-OCF is ranked better than 76.27% of 805
companies
in the Capital Markets industry
Industry Median: -0.42
vs NCTY: -9.46
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 (2026-09-09), The9's stock price is $3.79.
The9's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $-0.650. Therefore, The9's PE Ratio (TTM) for today is At Loss.
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.
The9's share price for today is $3.79.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. The9's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $-0.650.
* 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.
The9 EV-to-OCF Related Terms
The9 EV-to-OCF Historical Data
* Premium members only.
The historical data trend for The9'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 Capital Markets subindustry, The9'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.
The9 EV-to-OCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The9's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where The9's EV-to-OCF falls into.
The9's current Enterprise Value is $83.90 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. The9's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $-8.87 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.
The9 (NCTY) has a EV-to-OCF of -9.46 as of Sep. 09, 2026. According to the industry distribution chart, The9 ranks #191 out of 805 companies in the Capital Markets industry, placing it in the top 23.7%.
Is The9's EV-to-OCF too high?
The9's current EV-to-OCF is -9.46. Based on the distribution chart, The9 ranks #191 out of 805 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, The9 has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The9's EV-to-OCF compare to BTCS and AUC?
According to the Capital Markets industry distribution chart, The9 ranks #191 out of 805 companies for EV-to-OCF. This places The9 in the top 24% of its industry — outperforming the majority of peers. 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 Capital Markets company?
A good EV-to-OCF depends on the Capital Markets industry context. 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. The9's current EV-to-OCF is -9.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The9 stock overvalued right now?
Based on GuruFocus' analysis, The9 (NCTY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.67, compared to a current price of $3.79 — trading 41.9% above its estimated fair value. The current EV-to-OCF is -9.46. The9's overall GF Score™ is 47/100 with 8 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 The9 (NCTY), the current EV-to-OCF is -9.46 as of Sep. 09, 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 The9 (NCTY) Overvalued in 2026?
Based on GuruFocus' analysis, The9 stock appears to be overvalued.
The current stock price of $3.79 is trading 41.9% above its estimated GF Value™ of $2.67.
GuruFocus considers The9 to be Significantly Overvalued.
Key valuation signals for NCTY:
EV-to-OCF: -9.46
GF Value™: $2.67 vs. price of $3.79 (41.9% above fair value)
No single metric tells the full story. See the NCTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The9 Ltd operates a cryptocurrency mining business. It provides computing power, or hash rate, to a Bitcoin mining pool and is entitled to receive a fractional share of Bitcoin award from the Bitcoin mining pool in return. The company generates its revenues from customers in Greater China, Asia/Eastern Europe, and North America. Its segments are: Crypto mining business, and Online game services, out of which Crypto mining business derives maximum revenue.
47GF Score
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