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.
Shake ShackSHAK +2.19%80 EV-to-OCF is 19.34 as of Sep. 04, 2026, which is 33% below its 10-year median of 28.67. GuruFocus rates SHAK with a GF Score™ of 80/100 and a GF Value™ of $120.50 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 364 Restaurants companies, Shake Shack ranks worse than 78.85% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Shake Shack's Enterprise Value is $3,705 Mil.
Shake Shack's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $192 Mil. Therefore, Shake Shack's EV-to-OCF for today is 19.34.
The historical rank and industry rank for Shake Shack's EV-to-OCF or its related term are showing as below:
SHAK'
s EV-to-OCF Range Over the Past 10 Years
Min: 12.43 Med: 28.67 Max: 138.91
Current: 19.34
During the past 13 years, the highest EV-to-OCF of Shake Shack was 138.91. The lowest was 12.43. And the median was 28.67.
SHAK's EV-to-OCF is ranked worse than 78.85% of 364
companies
in the Restaurants industry
Industry Median: 9.66
vs SHAK: 19.34
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.
Shake Shack's PE Ratio (TTM) for today is calculated as:
Shake Shack's share price for today is $70.82.
Shake Shack'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 $0.940.
* 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.
Shake Shack EV-to-OCF Related Terms
Shake Shack EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Shake Shack'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 Restaurants subindustry, Shake Shack'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.
Shake Shack EV-to-OCF vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Shake Shack's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Shake Shack's EV-to-OCF falls into.
Shake Shack's current Enterprise Value is $3,705 Mil.
Shake Shack'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 $192 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.
Shake Shack (SHAK) has a EV-to-OCF of 19.34 as of Sep. 04, 2026. This is 33% below median its historical median of 28.67. Over the past decade, Shake Shack's EV-to-OCF has ranged from 12.43 to 138.91. According to the industry distribution chart, Shake Shack ranks #287 out of 364 companies in the Restaurants industry, placing it in the top 78.8%.
Is Shake Shack's EV-to-OCF too high?
Shake Shack's current EV-to-OCF of 19.34 is 33% below median its 10-year median of 28.67. Over the past 10 years, this metric has ranged from a low of 12.43 to a high of 138.91. The Restaurants industry median EV-to-OCF is 9.66. Shake Shack's value of 19.34 is 100.2% above this industry median. Based on the distribution chart, Shake Shack ranks #287 out of 364 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Shake Shack has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shake Shack's EV-to-OCF compare to WING and ARCO?
According to the Restaurants industry distribution chart, Shake Shack ranks #287 out of 364 companies for EV-to-OCF. This places Shake Shack in the lower half of its industry. The industry median EV-to-OCF is 9.66. Shake Shack's value of 19.34 is 100.2% above this benchmark. Historically, Shake Shack's own EV-to-OCF has ranged from 12.43 to 138.91 over the past decade. While the company's 10-year median is 28.67 vs. the industry median of 9.66, Shake Shack 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 Restaurants company?
The median EV-to-OCF among Restaurants companies is 9.66, based on 364 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. Shake Shack's current EV-to-OCF of 19.34 is 100.2% 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 Restaurants industry, the median EV-to-OCF is 9.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shake Shack's current EV-to-OCF is 19.34, which is 33% below median its own 10-year median of 28.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shake Shack stock overvalued right now?
Based on GuruFocus' analysis, Shake Shack (SHAK) is currently considered Significantly Undervalued. The stock's GF Value™ is $120.50, compared to a current price of $70.82 — trading 41.2% below its estimated fair value. The current EV-to-OCF is 19.34, which is 33% below median its 10-year median of 28.67 and 100.2% above the Restaurants industry median of 9.66. Shake Shack's overall GF Score™ is 80/100 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 Shake Shack (SHAK), the current EV-to-OCF is 19.34 as of Sep. 04, 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 Shake Shack (SHAK) Overvalued in 2026?
Based on GuruFocus' analysis, Shake Shack stock appears to be undervalued.
The current stock price of $70.82 is trading 41.2% below its estimated GF Value™ of $120.50.
GuruFocus considers Shake Shack to be Significantly Undervalued.
Key valuation signals for SHAK:
EV-to-OCF: 19.34 (33% below median its 10-year median of 28.67)
GF Value™: $120.50 vs. price of $70.82 (41.2% below fair value)
Industry Position: 100.2% above the Restaurants median (#287 of 364)
No single metric tells the full story. See the SHAK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shake Shack Inc is a roadside burger stand. It serves a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine, and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order, and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh-brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water. Geographically, the company generates the majority of its revenue from the United States.
80GF Score
Get the complete analysis for SHAK
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
SHAK has been successfully added to your 
