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Neste OYJNTOIF -6.54%73 EV-to-OCF is 11.98 as of Jul. 27, 2026, which is 11% below its 10-year median of 13.44. GuruFocus rates NTOIF with a GF Score™ of 73/100 and a GF Value™ of $21.10 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,019 Oil & Gas companies, Neste OYJ ranks worse than 75.47% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Neste OYJ's Enterprise Value is $31,581 Mil.
Neste OYJ's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $2,636 Mil. Therefore, Neste OYJ's EV-to-OCF for today is 11.98.
The historical rank and industry rank for Neste OYJ's EV-to-OCF or its related term are showing as below:
NTOIF'
s EV-to-OCF Range Over the Past 10 Years
Min: 7.57 Med: 13.44 Max: 34.12
Current: 12.26
During the past 13 years, the highest EV-to-OCF of Neste OYJ was 34.12. The lowest was 7.57. And the median was 13.44.
NTOIF's EV-to-OCF is ranked worse than 75.47% of 1019
companies
in the Oil & Gas industry
Industry Median: 5.92
vs NTOIF: 12.26
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.
Neste OYJ's share price for today is $35.35.
Neste OYJ'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 $2.279.
* 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.
Neste OYJ EV-to-OCF Related Terms
Neste OYJ EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Neste OYJ'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 Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.
Neste OYJ EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Neste OYJ's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Neste OYJ's EV-to-OCF falls into.
Neste OYJ's current Enterprise Value is $31,581 Mil.
Neste OYJ'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 $2,636 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.
Neste OYJ (NTOIF) has a EV-to-OCF of 11.98 as of Jul. 27, 2026. This is 11% below median its historical median of 13.44. Over the past decade, Neste OYJ's EV-to-OCF has ranged from 7.57 to 34.12. According to the industry distribution chart, Neste OYJ ranks #769 out of 1019 companies in the Oil & Gas industry, placing it in the top 75.5%.
Is Neste OYJ's EV-to-OCF too high?
Neste OYJ's current EV-to-OCF of 11.98 is 11% below median its 10-year median of 13.44. Over the past 10 years, this metric has ranged from a low of 7.57 to a high of 34.12. The Oil & Gas industry median EV-to-OCF is 5.92. Neste OYJ's value of 11.98 is 102.4% above this industry median. Based on the distribution chart, Neste OYJ ranks #769 out of 1019 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Neste OYJ has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neste OYJ's EV-to-OCF compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Neste OYJ ranks #769 out of 1019 companies for EV-to-OCF. This places Neste OYJ in the lower half of its industry. The industry median EV-to-OCF is 5.92. Neste OYJ's value of 11.98 is 102.4% above this benchmark. Historically, Neste OYJ's own EV-to-OCF has ranged from 7.57 to 34.12 over the past decade. While the company's 10-year median is 13.44 vs. the industry median of 5.92, Neste OYJ 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 Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.92, based on 1,019 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. Neste OYJ's current EV-to-OCF of 11.98 is 102.4% 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 Oil & Gas industry, the median EV-to-OCF is 5.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neste OYJ's current EV-to-OCF is 11.98, which is 11% below median its own 10-year median of 13.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neste OYJ stock overvalued right now?
Based on GuruFocus' analysis, Neste OYJ (NTOIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.10, compared to a current price of $35.35 — trading 67.5% above its estimated fair value. The current EV-to-OCF is 11.98, which is 11% below median its 10-year median of 13.44 and 102.4% above the Oil & Gas industry median of 5.92. Neste OYJ's overall GF Score™ is 73/100 with 10 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 Neste OYJ (NTOIF), the current EV-to-OCF is 11.98 as of Jul. 27, 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 Neste OYJ (NTOIF) Overvalued in 2026?
Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued.
The current stock price of $35.35 is trading 67.5% above its estimated GF Value™ of $21.10.
GuruFocus considers Neste OYJ to be Significantly Overvalued.
Key valuation signals for NTOIF:
EV-to-OCF: 11.98 (11% below median its 10-year median of 13.44)
GF Value™: $21.10 vs. price of $35.35 (67.5% above fair value)
Industry Position: 102.4% above the Oil & Gas median (#769 of 1019)
No single metric tells the full story. See the NTOIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.
73GF Score
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