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Steppe CementSPPCF 55 EV-to-OCF is 4.04 as of Aug. 11, 2026, which is 27% below its 10-year median of 5.57. GuruFocus rates SPPCF with a GF Score™ of 55/100 and a GF Value™ of $0.28. The stock has 8 warning signs investors should review. Among 410 Building Materials companies, Steppe Cement ranks better than 74.39% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Steppe Cement's Enterprise Value is $56.2 Mil.
Steppe Cement's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $13.9 Mil. Therefore, Steppe Cement's EV-to-OCF for today is 4.04.
The historical rank and industry rank for Steppe Cement's EV-to-OCF or its related term are showing as below:
SPPCF'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.16 Med: 5.57 Max: 11.39
Current: 4.01
During the past 13 years, the highest EV-to-OCF of Steppe Cement was 11.39. The lowest was 3.16. And the median was 5.57.
SPPCF's EV-to-OCF is ranked better than 74.39% of 410
companies
in the Building Materials industry
Industry Median: 8.77
vs SPPCF: 4.01
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.
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.
Steppe Cement's PE Ratio (TTM) for today is calculated as:
Steppe Cement's share price for today is $0.31.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Steppe Cement's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.015.
* 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.
Steppe Cement EV-to-OCF Related Terms
Steppe Cement EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Steppe Cement'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 Building Materials subindustry, Steppe Cement'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.
Steppe Cement EV-to-OCF vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Steppe Cement's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Steppe Cement's EV-to-OCF falls into.
Steppe Cement's current Enterprise Value is $56.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Steppe Cement's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $13.9 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.
Steppe Cement (SPPCF) has a EV-to-OCF of 4.04 as of Aug. 11, 2026. This is 27% below median its historical median of 5.57. Over the past decade, Steppe Cement's EV-to-OCF has ranged from 3.16 to 11.39. According to the industry distribution chart, Steppe Cement ranks #105 out of 410 companies in the Building Materials industry, placing it in the top 25.6%.
Is Steppe Cement's EV-to-OCF too high?
Steppe Cement's current EV-to-OCF of 4.04 is 27% below median its 10-year median of 5.57. Over the past 10 years, this metric has ranged from a low of 3.16 to a high of 11.39. The Building Materials industry median EV-to-OCF is 8.77. Steppe Cement's value of 4.04 is 53.9% below this industry median. Based on the distribution chart, Steppe Cement ranks #105 out of 410 companies in the Building Materials industry, which is above the industry midpoint. Overall, Steppe Cement has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Steppe Cement's EV-to-OCF compare to CRH and VMC?
According to the Building Materials industry distribution chart, Steppe Cement ranks #105 out of 410 companies for EV-to-OCF. This puts Steppe Cement in the upper half of its industry. The industry median EV-to-OCF is 8.77. Steppe Cement's value of 4.04 is 53.9% below this benchmark. Historically, Steppe Cement's own EV-to-OCF has ranged from 3.16 to 11.39 over the past decade. While the company's 10-year median is 5.57 vs. the industry median of 8.77, Steppe Cement has consistently been below 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 Building Materials company?
The median EV-to-OCF among Building Materials companies is 8.77, based on 410 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. Steppe Cement's current EV-to-OCF of 4.04 is 53.9% below 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 Building Materials industry, the median EV-to-OCF is 8.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Cement's current EV-to-OCF is 4.04, which is 27% below median its own 10-year median of 5.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Cement stock overvalued right now?
Steppe Cement (SPPCF) has a current EV-to-OCF of 4.04. The stock's GF Value™ is $0.28, compared to a current price of $0.31 — trading 10.7% above its estimated fair value. The current EV-to-OCF is 4.04, which is 27% below median its 10-year median of 5.57 and 53.9% below the Building Materials industry median of 8.77. Steppe Cement's overall GF Score™ is 55/100 with 8 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 Steppe Cement (SPPCF), the current EV-to-OCF is 4.04 as of Aug. 11, 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 Steppe Cement (SPPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Cement stock appears to be overvalued.
The current stock price of $0.31 is trading 10.7% above its estimated GF Value™ of $0.28.
Key valuation signals for SPPCF:
EV-to-OCF: 4.04 (27% below median its 10-year median of 5.57)
GF Value™: $0.28 vs. price of $0.31 (10.7% above fair value)
Industry Position: 53.9% below the Building Materials median (#105 of 410)
No single metric tells the full story. See the SPPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Cement Ltd is an investment holding company based in Malaysia. Its primary business is the production and sale of cement, which is in the Karaganda region, the Republic of Kazakhstan. The company derives revenue from the sale of manufactured goods and the transmission and distribution of electricity.
55GF Score
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