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.
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.
Tata Consultancy ServicesNSE:TCS -0.15%91 EV-to-OCF is 14.73 as of Sep. 12, 2026, which is 44% below its 10-year median of 26.44. GuruFocus rates NSE:TCS with a GF Score™ of 91/100 and a GF Value™ of ₹4,086.89 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,875 Software companies, Tata Consultancy Services ranks worse than 71.69% on this metric.
The historical rank and industry rank for Tata Consultancy Services's EV-to-OCF or its related term are showing as below:
NSE:TCS'
s EV-to-OCF Range Over the Past 10 Years
Min: 13.98 Med: 26.44 Max: 37.2
Current: 15.45
During the past 13 years, the highest EV-to-OCF of Tata Consultancy Services was 37.20. The lowest was 13.98. And the median was 26.44.
NSE:TCS's EV-to-OCF is ranked worse than 71.69% of 2875
companies
in the Software industry
Industry Median: 6.96
vs NSE:TCS: 15.45
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.
Tata Consultancy Services's PE Ratio (TTM) for today is calculated as:
Tata Consultancy Services's share price for today is ₹2200.80.
Tata Consultancy Services'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 ₹137.660.
* 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.
Tata Consultancy Services EV-to-OCF Related Terms
Tata Consultancy Services 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 Information Technology Services subindustry, Tata Consultancy Services'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.
Tata Consultancy Services EV-to-OCF vs Software Industry
For the Software industry and Technology sector, Tata Consultancy Services's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Tata Consultancy Services's EV-to-OCF falls into.
Tata Consultancy Services's current Enterprise Value is ₹7,674,167 Mil.
Tata Consultancy Services'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 ₹520,940 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.
Tata Consultancy Services (NSE:TCS) has a EV-to-OCF of 14.73 as of Sep. 12, 2026. This is 44% below median its historical median of 26.44. Over the past decade, Tata Consultancy Services' EV-to-OCF has ranged from 13.98 to 37.20. According to the industry distribution chart, Tata Consultancy Services ranks #2061 out of 2875 companies in the Software industry, placing it in the top 71.7%.
Is Tata Consultancy Services' EV-to-OCF too high?
Tata Consultancy Services' current EV-to-OCF of 14.73 is 44% below median its 10-year median of 26.44. Over the past 10 years, this metric has ranged from a low of 13.98 to a high of 37.20. The Software industry median EV-to-OCF is 6.96. Tata Consultancy Services' value of 14.73 is 111.6% above this industry median. Based on the distribution chart, Tata Consultancy Services ranks #2061 out of 2875 companies in the Software industry, which is below the industry midpoint. Overall, Tata Consultancy Services has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tata Consultancy Services' EV-to-OCF compare to IBM and ACN?
According to the Software industry distribution chart, Tata Consultancy Services ranks #2061 out of 2875 companies for EV-to-OCF. This places Tata Consultancy Services in the lower half of its industry. The industry median EV-to-OCF is 6.96. Tata Consultancy Services' value of 14.73 is 111.6% above this benchmark. Historically, Tata Consultancy Services' own EV-to-OCF has ranged from 13.98 to 37.20 over the past decade. While the company's 10-year median is 26.44 vs. the industry median of 6.96, Tata Consultancy Services 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 Software company?
The median EV-to-OCF among Software companies is 6.96, based on 2,875 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. Tata Consultancy Services's current EV-to-OCF of 14.73 is 111.6% 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 Software industry, the median EV-to-OCF is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Consultancy Services's current EV-to-OCF is 14.73, which is 44% below median its own 10-year median of 26.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Consultancy Services stock overvalued right now?
Based on GuruFocus' analysis, Tata Consultancy Services (NSE:TCS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹4,086.89, compared to a current price of ₹2,200.80 — trading 46.1% below its estimated fair value. The current EV-to-OCF is 14.73, which is 44% below median its 10-year median of 26.44 and 111.6% above the Software industry median of 6.96. Tata Consultancy Services' overall GF Score™ is 91/100 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 Tata Consultancy Services (NSE:TCS), the current EV-to-OCF is 14.73 as of Sep. 12, 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 Tata Consultancy Services (NSE:TCS) Overvalued in 2026?
Based on GuruFocus' analysis, Tata Consultancy Services stock appears to be undervalued.
The current stock price of ₹2,200.80 is trading 46.1% below its estimated GF Value™ of ₹4,086.89.
GuruFocus considers Tata Consultancy Services to be Significantly Undervalued.
Key valuation signals for NSE:TCS:
EV-to-OCF: 14.73 (44% below median its 10-year median of 26.44)
GF Value™: ₹4,086.89 vs. price of ₹2,200.80 (46.1% below fair value)
Industry Position: 111.6% above the Software median (#2061 of 2875)
No single metric tells the full story. See the NSE:TCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tata Consultancy Services is a leading global IT services provider based in Mumbai, India. Founded in 1968, it is one of the first companies to leverage a global delivery model that helps clients outsource their IT needs to offshore labor. The company boasts a wide range of offerings, including IT consulting, managed services, and business process outsourcing.
91GF Score
Get the complete analysis for NSE:TCS
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:TCS has been successfully added to your 
