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.
MainfreightNZSE:MFT -0.73%95 EV-to-OCF is 13.69 as of Sep. 07, 2026, which is 22% below its 10-year median of 17.44. GuruFocus rates NZSE:MFT with a GF Score™ of 95/100 and a GF Value™ of NZ$72.35 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,016 Transportation companies, Mainfreight ranks worse than 73.72% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Mainfreight's Enterprise Value is NZ$8,070 Mil.
Mainfreight's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$589 Mil. Therefore, Mainfreight's EV-to-OCF for today is 13.69.
The historical rank and industry rank for Mainfreight's EV-to-OCF or its related term are showing as below:
NZSE:MFT'
s EV-to-OCF Range Over the Past 10 Years
Min: 8.45 Med: 17.44 Max: 27.49
Current: 13.78
During the past 13 years, the highest EV-to-OCF of Mainfreight was 27.49. The lowest was 8.45. And the median was 17.44.
NZSE:MFT's EV-to-OCF is ranked worse than 73.72% of 1016
companies
in the Transportation industry
Industry Median: 8.1
vs NZSE:MFT: 13.78
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.
Mainfreight's PE Ratio (TTM) for today is calculated as:
Mainfreight's share price for today is NZ$67.55.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mainfreight's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$2.492.
* 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.
Mainfreight EV-to-OCF Related Terms
Mainfreight EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Mainfreight'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 Integrated Freight & Logistics subindustry, Mainfreight'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.
Mainfreight EV-to-OCF vs Transportation Industry
For the Transportation industry and Industrials sector, Mainfreight's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Mainfreight's EV-to-OCF falls into.
Mainfreight's current Enterprise Value is NZ$8,070 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mainfreight's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$589 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.
Mainfreight (NZSE:MFT) has a EV-to-OCF of 13.69 as of Sep. 07, 2026. This is 22% below median its historical median of 17.44. Over the past decade, Mainfreight's EV-to-OCF has ranged from 8.45 to 27.49. According to the industry distribution chart, Mainfreight ranks #749 out of 1016 companies in the Transportation industry, placing it in the top 73.7%.
Is Mainfreight's EV-to-OCF too high?
Mainfreight's current EV-to-OCF of 13.69 is 22% below median its 10-year median of 17.44. Over the past 10 years, this metric has ranged from a low of 8.45 to a high of 27.49. The Transportation industry median EV-to-OCF is 8.10. Mainfreight's value of 13.69 is 69% above this industry median. Based on the distribution chart, Mainfreight ranks #749 out of 1016 companies in the Transportation industry, which is below the industry midpoint. Overall, Mainfreight has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mainfreight's EV-to-OCF compare to UPS and FDX?
According to the Transportation industry distribution chart, Mainfreight ranks #749 out of 1016 companies for EV-to-OCF. This places Mainfreight in the lower half of its industry. The industry median EV-to-OCF is 8.10. Mainfreight's value of 13.69 is 69% above this benchmark. Historically, Mainfreight's own EV-to-OCF has ranged from 8.45 to 27.49 over the past decade. While the company's 10-year median is 17.44 vs. the industry median of 8.10, Mainfreight 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 Transportation company?
The median EV-to-OCF among Transportation companies is 8.10, based on 1,016 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. Mainfreight's current EV-to-OCF of 13.69 is 69% 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 Transportation industry, the median EV-to-OCF is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mainfreight's current EV-to-OCF is 13.69, which is 22% below median its own 10-year median of 17.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mainfreight stock overvalued right now?
Based on GuruFocus' analysis, Mainfreight (NZSE:MFT) is currently considered Fairly Valued. The stock's GF Value™ is NZ$72.35, compared to a current price of NZ$67.55 — trading 6.6% below its estimated fair value. The current EV-to-OCF is 13.69, which is 22% below median its 10-year median of 17.44 and 69% above the Transportation industry median of 8.10. Mainfreight's overall GF Score™ is 95/100 with 9 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 Mainfreight (NZSE:MFT), the current EV-to-OCF is 13.69 as of Sep. 07, 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 Mainfreight (NZSE:MFT) Overvalued in 2026?
Based on GuruFocus' analysis, Mainfreight stock appears to be undervalued.
The current stock price of NZ$67.55 is trading 6.6% below its estimated GF Value™ of NZ$72.35.
GuruFocus considers Mainfreight to be Fairly Valued.
Key valuation signals for NZSE:MFT:
EV-to-OCF: 13.69 (22% below median its 10-year median of 17.44)
GF Value™: NZ$72.35 vs. price of NZ$67.55 (6.6% below fair value)
Industry Position: 69% above the Transportation median (#749 of 1016)
No single metric tells the full story. See the NZSE:MFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mainfreight Ltd is in the supply chain logistics business. It provides the full spectrum of warehousing, Transport, and international air and ocean freight services. Geographically, it operates businesses in New Zealand, Australia, Europe, The Americas, Asia, and others.
95GF Score
Get the complete analysis for NZSE:MFT
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
NZSE:MFT has been successfully added to your 
