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StepStone GroupSTEP +0.50%48 EV-to-OCF is 75.90 as of Jul. 19, 2026, which is 291% above its 10-year median of 19.41. GuruFocus rates STEP with a GF Score™ of 48/100 and a GF Value™ of $90.22 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,508 Asset Management companies, StepStone Group ranks worse than 92.9% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, StepStone Group's Enterprise Value is $5,046 Mil.
StepStone Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $66 Mil. Therefore, StepStone Group's EV-to-OCF for today is 75.90.
The historical rank and industry rank for StepStone Group's EV-to-OCF or its related term are showing as below:
STEP'
s EV-to-OCF Range Over the Past 10 Years
Min: 8.72 Med: 19.41 Max: 300.47
Current: 75.9
During the past 9 years, the highest EV-to-OCF of StepStone Group was 300.47. The lowest was 8.72. And the median was 19.41.
STEP's EV-to-OCF is ranked worse than 92.9% of 1508
companies
in the Asset Management industry
Industry Median: 6.25
vs STEP: 75.90
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.
StepStone Group's PE Ratio (TTM) for today is calculated as:
StepStone Group's share price for today is $43.58.
StepStone Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.800.
* 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.
StepStone Group EV-to-OCF Related Terms
StepStone Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for StepStone Group'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 Asset Management subindustry, StepStone Group'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.
StepStone Group EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, StepStone Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where StepStone Group's EV-to-OCF falls into.
StepStone Group's current Enterprise Value is $5,046 Mil.
StepStone Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $66 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.
StepStone Group (STEP) has a EV-to-OCF of 75.90 as of Jul. 19, 2026. This is 291% above median its historical median of 19.41. Over the past decade, StepStone Group's EV-to-OCF has ranged from 8.72 to 300.47. According to the industry distribution chart, StepStone Group ranks #1401 out of 1508 companies in the Asset Management industry, placing it in the top 92.9%.
Is StepStone Group's EV-to-OCF too high?
StepStone Group's current EV-to-OCF of 75.90 is 291% above median its 10-year median of 19.41. Over the past 10 years, this metric has ranged from a low of 8.72 to a high of 300.47. The Asset Management industry median EV-to-OCF is 6.25. StepStone Group's value of 75.90 is 1114.4% above this industry median. Based on the distribution chart, StepStone Group ranks #1401 out of 1508 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, StepStone Group has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's EV-to-OCF compare to CSQ and GBDC?
According to the Asset Management industry distribution chart, StepStone Group ranks #1401 out of 1508 companies for EV-to-OCF. This places StepStone Group in the lower half of its industry. The industry median EV-to-OCF is 6.25. StepStone Group's value of 75.90 is 1114.4% above this benchmark. Historically, StepStone Group's own EV-to-OCF has ranged from 8.72 to 300.47 over the past decade. While the company's 10-year median is 19.41 vs. the industry median of 6.25, StepStone Group 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 an Asset Management company?
The median EV-to-OCF among Asset Management companies is 6.25, based on 1,508 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. StepStone Group's current EV-to-OCF of 75.90 is 1114.4% 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 Asset Management industry, the median EV-to-OCF is 6.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StepStone Group's current EV-to-OCF is 75.90, which is 291% above median its own 10-year median of 19.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StepStone Group stock overvalued right now?
Based on GuruFocus' analysis, StepStone Group (STEP) is currently considered Possible Value Trap. The stock's GF Value™ is $90.22, compared to a current price of $43.58 — trading 51.7% below its estimated fair value. The current EV-to-OCF is 75.90, which is 291% above median its 10-year median of 19.41 and 1114.4% above the Asset Management industry median of 6.25. StepStone Group's overall GF Score™ is 48/100 with 3 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 StepStone Group (STEP), the current EV-to-OCF is 75.90 as of Jul. 19, 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 StepStone Group (STEP) Overvalued in 2026?
Based on GuruFocus' analysis, StepStone Group stock appears to be undervalued.
The current stock price of $43.58 is trading 51.7% below its estimated GF Value™ of $90.22.
GuruFocus considers StepStone Group to be Possible Value Trap.
Key valuation signals for STEP:
EV-to-OCF: 75.90 (291% above median its 10-year median of 19.41)
GF Value™: $90.22 vs. price of $43.58 (51.7% below fair value)
Industry Position: 1114.4% above the Asset Management median (#1401 of 1508)
No single metric tells the full story. See the STEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.
48GF Score
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