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What is Virtus Convertible &ome Fund II EV-to-OCF?
Virtus Convertible &ome Fund IINCZ -0.54%50 EV-to-OCF is 14.88 as of Sep. 15, 2026, which is 6% above its 10-year median of 13.98. GuruFocus rates NCZ with a GF Score™ of 50/100 and a GF Value™ of $45.90 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,496 Asset Management companies, Virtus Convertible &ome Fund II ranks worse than 71.52% on this metric.
The historical rank and industry rank for Virtus Convertible &ome Fund II's EV-to-OCF or its related term are showing as below:
NCZ'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.65 Med: 13.98 Max: 16
Current: 14.88
During the past 8 years, the highest EV-to-OCF of Virtus Convertible &ome Fund II was 16.00. The lowest was 3.65. And the median was 13.98.
NCZ's EV-to-OCF is ranked worse than 71.52% of 1496
companies
in the Asset Management industry
Industry Median: 5.465
vs NCZ: 14.88
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.
Virtus Convertible &ome Fund II (NYSE:NCZ) 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.
Virtus Convertible &ome Fund II's PE Ratio (TTM) for today is calculated as:
Virtus Convertible &ome Fund II's share price for today is $14.81.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Virtus Convertible &ome Fund II's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was $3.379.
* 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.
Virtus Convertible &ome Fund II EV-to-OCF Related Terms
Virtus Convertible &ome Fund II EV-to-OCF Historical Data
* 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, Virtus Convertible &ome Fund II'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.
Virtus Convertible &ome Fund II EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund II's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Virtus Convertible &ome Fund II's EV-to-OCF falls into.
Virtus Convertible &ome Fund II's current Enterprise Value is $407.70 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Virtus Convertible &ome Fund II's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was $27.40 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.
Virtus Convertible &ome Fund II (NCZ) has a EV-to-OCF of 14.88 as of Sep. 15, 2026. This is near median its historical median of 13.98. Over the past decade, Virtus Convertible &ome Fund II's EV-to-OCF has ranged from 3.65 to 16.00. According to the industry distribution chart, Virtus Convertible &ome Fund II ranks #1070 out of 1496 companies in the Asset Management industry, placing it in the top 71.5%.
Is Virtus Convertible &ome Fund II's EV-to-OCF too high?
Virtus Convertible &ome Fund II's current EV-to-OCF of 14.88 is near median its 10-year median of 13.98. Over the past 10 years, this metric has ranged from a low of 3.65 to a high of 16.00. The Asset Management industry median EV-to-OCF is 5.47. Virtus Convertible &ome Fund II's value of 14.88 is 172.3% above this industry median. Based on the distribution chart, Virtus Convertible &ome Fund II ranks #1070 out of 1496 companies in the Asset Management industry, which is below the industry midpoint. Overall, Virtus Convertible &ome Fund II has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Virtus Convertible &ome Fund II's EV-to-OCF compare to KWY and XFLT?
According to the Asset Management industry distribution chart, Virtus Convertible &ome Fund II ranks #1070 out of 1496 companies for EV-to-OCF. This places Virtus Convertible &ome Fund II in the lower half of its industry. The industry median EV-to-OCF is 5.47. Virtus Convertible &ome Fund II's value of 14.88 is 172.3% above this benchmark. Historically, Virtus Convertible &ome Fund II's own EV-to-OCF has ranged from 3.65 to 16.00 over the past decade. While the company's 10-year median is 13.98 vs. the industry median of 5.47, Virtus Convertible &ome Fund II 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 Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.47, based on 1,496 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. Virtus Convertible &ome Fund II's current EV-to-OCF of 14.88 is 172.3% 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 Asset Management industry, the median EV-to-OCF is 5.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virtus Convertible &ome Fund II's current EV-to-OCF is 14.88, which is near median its own 10-year median of 13.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtus Convertible &ome Fund II stock overvalued right now?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund II (NCZ) is currently considered Significantly Undervalued. The stock's GF Value™ is $45.90, compared to a current price of $14.81 — trading 67.7% below its estimated fair value. The current EV-to-OCF is 14.88, which is near median its 10-year median of 13.98 and 172.3% above the Asset Management industry median of 5.47. Virtus Convertible &ome Fund II's overall GF Score™ is 50/100 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 Virtus Convertible &ome Fund II (NCZ), the current EV-to-OCF is 14.88 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 Virtus Convertible &ome Fund II (NCZ) Overvalued in 2026?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund II stock appears to be undervalued.
The current stock price of $14.81 is trading 67.7% below its estimated GF Value™ of $45.90.
GuruFocus considers Virtus Convertible &ome Fund II to be Significantly Undervalued.
Key valuation signals for NCZ:
EV-to-OCF: 14.88 (near median its 10-year median of 13.98)
GF Value™: $45.90 vs. price of $14.81 (67.7% below fair value)
Industry Position: 172.3% above the Asset Management median (#1070 of 1496)
No single metric tells the full story. See the NCZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virtus Convertible & Income Fund II is a diversified, closed-end management investment company. The investment objective of the company is to provide total return through a combination of current income, current gains and long-term capital appreciation. Its portfolio of investments includes different sector investments such as in healthcare services, media, oil, gas, and consumable fuels and others.
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