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NextNXGPF +0.64%89 EV-to-OCF is 15.57 as of Aug. 15, 2026, which is 24% above its 10-year median of 12.60. GuruFocus rates NXGPF with a GF Score™ of 89/100 and a GF Value™ of $176.24 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,133 Retail - Cyclical companies, Next ranks worse than 74.58% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Next's Enterprise Value is $25,961 Mil.
Next's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was $1,668 Mil. Therefore, Next's EV-to-OCF for today is 15.57.
The historical rank and industry rank for Next's EV-to-OCF or its related term are showing as below:
NXGPF'
s EV-to-OCF Range Over the Past 10 Years
Min: 7.35 Med: 12.6 Max: 16.95
Current: 15.91
During the past 13 years, the highest EV-to-OCF of Next was 16.95. The lowest was 7.35. And the median was 12.60.
NXGPF's EV-to-OCF is ranked worse than 74.58% of 1133
companies
in the Retail - Cyclical industry
Industry Median: 7.15
vs NXGPF: 15.91
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 (2026-08-15), Next's stock price is $206.70.
Next's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was $10.075. Therefore, Next's PE Ratio (TTM) for today is 20.52.
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.
Next's share price for today is $206.70.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Next's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was $10.075.
* 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.
Next EV-to-OCF Related Terms
Next EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Next'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 Apparel Retail subindustry, Next'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.
Next EV-to-OCF vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Next's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Next's EV-to-OCF falls into.
Next's current Enterprise Value is $25,961 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Next's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was $1,668 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.
Next (NXGPF) has a EV-to-OCF of 15.57 as of Aug. 15, 2026. This is 24% above median its historical median of 12.60. Over the past decade, Next's EV-to-OCF has ranged from 7.35 to 16.95. According to the industry distribution chart, Next ranks #845 out of 1133 companies in the Retail - Cyclical industry, placing it in the top 74.6%.
Is Next's EV-to-OCF too high?
Next's current EV-to-OCF of 15.57 is 24% above median its 10-year median of 12.60. Over the past 10 years, this metric has ranged from a low of 7.35 to a high of 16.95. The Retail - Cyclical industry median EV-to-OCF is 7.15. Next's value of 15.57 is 117.8% above this industry median. Based on the distribution chart, Next ranks #845 out of 1133 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Next has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's EV-to-OCF compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Next ranks #845 out of 1133 companies for EV-to-OCF. This places Next in the lower half of its industry. The industry median EV-to-OCF is 7.15. Next's value of 15.57 is 117.8% above this benchmark. Historically, Next's own EV-to-OCF has ranged from 7.35 to 16.95 over the past decade. While the company's 10-year median is 12.60 vs. the industry median of 7.15, Next 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 Retail - Cyclical company?
The median EV-to-OCF among Retail - Cyclical companies is 7.15, based on 1,133 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. Next's current EV-to-OCF of 15.57 is 117.8% 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 Retail - Cyclical industry, the median EV-to-OCF is 7.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next's current EV-to-OCF is 15.57, which is 24% above median its own 10-year median of 12.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $176.24, compared to a current price of $206.70 — trading 17.3% above its estimated fair value. The current EV-to-OCF is 15.57, which is 24% above median its 10-year median of 12.60 and 117.8% above the Retail - Cyclical industry median of 7.15. Next's overall GF Score™ is 89/100 with 3 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 Next (NXGPF), the current EV-to-OCF is 15.57 as of Aug. 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 Next (NXGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Next stock appears to be overvalued.
The current stock price of $206.70 is trading 17.3% above its estimated GF Value™ of $176.24.
GuruFocus considers Next to be Modestly Overvalued.
Key valuation signals for NXGPF:
EV-to-OCF: 15.57 (24% above median its 10-year median of 12.60)
GF Value™: $176.24 vs. price of $206.70 (17.3% above fair value)
Industry Position: 117.8% above the Retail - Cyclical median (#845 of 1133)
No single metric tells the full story. See the NXGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
89GF Score
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