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Asset PlusNZSE:APL 38 EV-to-OCF is 33.27 as of Aug. 23, 2026, which is 51% above its 10-year median of 22.09. GuruFocus rates NZSE:APL with a GF Score™ of 38/100. The stock has 2 warning signs investors should review. Among 927 REITs companies, Asset Plus ranks worse than 83.5% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Asset Plus's Enterprise Value is NZ$102.49 Mil.
Asset Plus's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$3.08 Mil. Therefore, Asset Plus's EV-to-OCF for today is 33.27.
The historical rank and industry rank for Asset Plus's EV-to-OCF or its related term are showing as below:
NZSE:APL'
s EV-to-OCF Range Over the Past 10 Years
Min: -542.39 Med: 22.09 Max: 349.19
Current: 33.27
During the past 13 years, the highest EV-to-OCF of Asset Plus was 349.19. The lowest was -542.39. And the median was 22.09.
NZSE:APL's EV-to-OCF is ranked worse than 83.5% of 927
companies
in the REITs industry
Industry Median: 17.88
vs NZSE:APL: 33.27
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.
Asset Plus's share price for today is NZ$0.161.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Asset Plus's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$-0.009.
* 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.
Asset Plus EV-to-OCF Related Terms
Asset Plus EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Asset Plus'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 REIT - Diversified subindustry, Asset Plus'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.
Asset Plus EV-to-OCF vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Asset Plus's EV-to-OCF falls into.
Asset Plus's current Enterprise Value is NZ$102.49 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Asset Plus's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$3.08 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.
Asset Plus (NZSE:APL) has a EV-to-OCF of 33.27 as of Aug. 23, 2026. This is 51% above median its historical median of 22.09. According to the industry distribution chart, Asset Plus ranks #774 out of 927 companies in the REITs industry, placing it in the top 83.5%.
Is Asset Plus' EV-to-OCF too high?
Asset Plus' current EV-to-OCF of 33.27 is 51% above median its 10-year median of 22.09. The REITs industry median EV-to-OCF is 17.88. Asset Plus' value of 33.27 is 86.1% above this industry median. Based on the distribution chart, Asset Plus ranks #774 out of 927 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Asset Plus has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' EV-to-OCF compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #774 out of 927 companies for EV-to-OCF. This places Asset Plus in the lower half of its industry. The industry median EV-to-OCF is 17.88. Asset Plus' value of 33.27 is 86.1% above this benchmark. While the company's 10-year median is 22.09 vs. the industry median of 17.88, Asset Plus 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 REITs company?
The median EV-to-OCF among REITs companies is 17.88, based on 927 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. Asset Plus's current EV-to-OCF of 33.27 is 86.1% 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 REITs industry, the median EV-to-OCF is 17.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current EV-to-OCF is 33.27, which is 51% above median its own 10-year median of 22.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Asset Plus (NZSE:APL) has a current EV-to-OCF of 33.27. The current EV-to-OCF is 33.27, which is 51% above median its 10-year median of 22.09 and 86.1% above the REITs industry median of 17.88. Asset Plus' overall GF Score™ is 38/100 with 2 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 Asset Plus (NZSE:APL), the current EV-to-OCF is 33.27 as of Aug. 23, 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.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
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