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Thermal Energy InternationalTMGEF -6.11%46 EV-to-OCF is 17.23 as of Aug. 12, 2026, which is 74% above its 10-year median of 9.91. GuruFocus rates TMGEF with a GF Score™ of 46/100 and a GF Value™ of $0.16 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 3,073 Industrial Products companies, Thermal Energy International ranks worse than 61.02% on this metric.
The historical rank and industry rank for Thermal Energy International's EV-to-OCF or its related term are showing as below:
TMGEF'
s EV-to-OCF Range Over the Past 10 Years
Min: -1201.86 Med: 9.91 Max: 170.3
Current: 16.03
During the past 13 years, the highest EV-to-OCF of Thermal Energy International was 170.30. The lowest was -1201.86. And the median was 9.91.
TMGEF's EV-to-OCF is ranked worse than 61.02% of 3073
companies
in the Industrial Products industry
Industry Median: 11.88
vs TMGEF: 16.03
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.
Thermal Energy International (OTCPK:TMGEF) EV-to-OCF Explanation
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.
Thermal Energy International's PE Ratio (TTM) for today is calculated as:
Thermal Energy International's share price for today is $0.1152.
Thermal Energy International's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.005.
* 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.
Thermal Energy International EV-to-OCF Related Terms
Thermal Energy International EV-to-OCF Historical Data
* 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 Pollution & Treatment Controls subindustry, Thermal Energy International'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.
Thermal Energy International EV-to-OCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thermal Energy International's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Thermal Energy International's EV-to-OCF falls into.
Thermal Energy International's current Enterprise Value is $16.94 Mil.
Thermal Energy International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.98 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.
Thermal Energy International (TMGEF) has a EV-to-OCF of 17.23 as of Aug. 12, 2026. This is 74% above median its historical median of 9.91. According to the industry distribution chart, Thermal Energy International ranks #1875 out of 3073 companies in the Industrial Products industry, placing it in the top 61%.
Is Thermal Energy International's EV-to-OCF too high?
Thermal Energy International's current EV-to-OCF of 17.23 is 74% above median its 10-year median of 9.91. The Industrial Products industry median EV-to-OCF is 11.88. Thermal Energy International's value of 17.23 is 45% above this industry median. Based on the distribution chart, Thermal Energy International ranks #1875 out of 3073 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Thermal Energy International has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's EV-to-OCF compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Thermal Energy International ranks #1875 out of 3073 companies for EV-to-OCF. This places Thermal Energy International in the lower half of its industry. The industry median EV-to-OCF is 11.88. Thermal Energy International's value of 17.23 is 45% above this benchmark. While the company's 10-year median is 9.91 vs. the industry median of 11.88, Thermal Energy International 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 Industrial Products company?
The median EV-to-OCF among Industrial Products companies is 11.88, based on 3,073 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. Thermal Energy International's current EV-to-OCF of 17.23 is 45% 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 Industrial Products industry, the median EV-to-OCF is 11.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermal Energy International's current EV-to-OCF is 17.23, which is 74% above median its own 10-year median of 9.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TMGEF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.16, compared to a current price of $0.12 — trading 28% below its estimated fair value. The current EV-to-OCF is 17.23, which is 74% above median its 10-year median of 9.91 and 45% above the Industrial Products industry median of 11.88. Thermal Energy International's overall GF Score™ is 46/100 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 Thermal Energy International (TMGEF), the current EV-to-OCF is 17.23 as of Aug. 12, 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 Thermal Energy International (TMGEF) Overvalued in 2026?
Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued.
The current stock price of $0.12 is trading 28% below its estimated GF Value™ of $0.16.
GuruFocus considers Thermal Energy International to be Modestly Undervalued.
Key valuation signals for TMGEF:
EV-to-OCF: 17.23 (74% above median its 10-year median of 9.91)
GF Value™: $0.16 vs. price of $0.12 (28% below fair value)
Industry Position: 45% above the Industrial Products median (#1875 of 3073)
No single metric tells the full story. See the TMGEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
46GF Score
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