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NZXNZSTF 48 EV-to-OCF is 13.29 as of Aug. 09, 2026, which is 9% below its 10-year median of 14.66. GuruFocus rates NZSTF with a GF Score™ of 48/100 and a GF Value™ of $0.93 (Fairly Valued). The stock has 4 warning signs investors should review. Among 810 Capital Markets companies, NZX ranks worse than 77.28% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, NZX's Enterprise Value is $305.22 Mil.
NZX's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $22.97 Mil. Therefore, NZX's EV-to-OCF for today is 13.29.
The historical rank and industry rank for NZX's EV-to-OCF or its related term are showing as below:
NZSTF'
s EV-to-OCF Range Over the Past 10 Years
Min: 10.44 Med: 14.66 Max: 24.56
Current: 13.17
During the past 13 years, the highest EV-to-OCF of NZX was 24.56. The lowest was 10.44. And the median was 14.66.
NZSTF's EV-to-OCF is ranked worse than 77.28% of 810
companies
in the Capital Markets industry
Industry Median: -0.28
vs NZSTF: 13.17
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 (2026-08-09), NZX's stock price is $0.87425.
NZX's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.038. Therefore, NZX's PE Ratio (TTM) for today is 23.01.
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.
NZX's share price for today is $0.87425.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NZX's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.038.
* 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.
NZX EV-to-OCF Related Terms
NZX EV-to-OCF Historical Data
* Premium members only.
The historical data trend for NZX'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 Financial Data & Stock Exchanges subindustry, NZX'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.
NZX EV-to-OCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, NZX's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where NZX's EV-to-OCF falls into.
NZX's current Enterprise Value is $305.22 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NZX's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $22.97 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.
NZX (NZSTF) has a EV-to-OCF of 13.29 as of Aug. 09, 2026. This is near median its historical median of 14.66. Over the past decade, NZX's EV-to-OCF has ranged from 10.44 to 24.56. According to the industry distribution chart, NZX ranks #626 out of 810 companies in the Capital Markets industry, placing it in the top 77.3%.
Is NZX's EV-to-OCF too high?
NZX's current EV-to-OCF of 13.29 is near median its 10-year median of 14.66. Over the past 10 years, this metric has ranged from a low of 10.44 to a high of 24.56. Based on the distribution chart, NZX ranks #626 out of 810 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, NZX has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NZX's EV-to-OCF compare to SPGI and CME?
According to the Capital Markets industry distribution chart, NZX ranks #626 out of 810 companies for EV-to-OCF. This places NZX in the lower half of its industry. Historically, NZX's own EV-to-OCF has ranged from 10.44 to 24.56 over the past decade. 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 Capital Markets company?
A good EV-to-OCF depends on the Capital Markets industry context. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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. NZX's current EV-to-OCF is 13.29, which is near median its own 10-year median of 14.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NZX stock overvalued right now?
Based on GuruFocus' analysis, NZX (NZSTF) is currently considered Fairly Valued. The stock's GF Value™ is $0.93, compared to a current price of $0.87 — trading 6% below its estimated fair value. The current EV-to-OCF is 13.29, which is near median its 10-year median of 14.66. NZX's overall GF Score™ is 48/100 with 4 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 NZX (NZSTF), the current EV-to-OCF is 13.29 as of Aug. 09, 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 NZX (NZSTF) Overvalued in 2026?
Based on GuruFocus' analysis, NZX stock appears to be undervalued.
The current stock price of $0.87 is trading 6% below its estimated GF Value™ of $0.93.
GuruFocus considers NZX to be Fairly Valued.
Key valuation signals for NZSTF:
EV-to-OCF: 13.29 (near median its 10-year median of 14.66)
GF Value™: $0.93 vs. price of $0.87 (6% below fair value)
No single metric tells the full story. See the NZSTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NZX Ltd operates New Zealand's equity, debt, funds, derivatives and energy markets. To support the growth of its markets, it provides trading, clearing, settlement, depository, and information services for its customers. The company also owns Smart, New Zealand issuer of listed Exchange Traded Funds (ETFs); KiwiSaver, investment, superannuation and insurance provider SuperLife; and diversified fund manager QuayStreet Asset Management. Its segments include Markets, Funds Management (Smart), Wealth Technologies, and Corporate. It derives majority of the revenue from Markets segment which includes Capital Markets Origination, Secondary Markets, and Information Services.
48GF Score
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