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Tomra Systems ASATMRAY -2.06%86 EV-to-OCF is 18.82 as of Aug. 09, 2026, which is 43% below its 10-year median of 32.83. GuruFocus rates TMRAY with a GF Score™ of 86/100 and a GF Value™ of $15.66 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 246 Waste Management companies, Tomra Systems ASA ranks worse than 74.8% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Tomra Systems ASA's Enterprise Value is $4,072 Mil.
Tomra Systems ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $216 Mil. Therefore, Tomra Systems ASA's EV-to-OCF for today is 18.82.
The historical rank and industry rank for Tomra Systems ASA's EV-to-OCF or its related term are showing as below:
TMRAY'
s EV-to-OCF Range Over the Past 10 Years
Min: 12.46 Med: 32.83 Max: 68.68
Current: 18.66
During the past 13 years, the highest EV-to-OCF of Tomra Systems ASA was 68.68. The lowest was 12.46. And the median was 32.83.
TMRAY's EV-to-OCF is ranked worse than 74.8% of 246
companies
in the Waste Management industry
Industry Median: 8.765
vs TMRAY: 18.66
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.
Tomra Systems ASA (OTCPK:TMRAY) 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.
Tomra Systems ASA's PE Ratio (TTM) for today is calculated as:
Tomra Systems ASA's share price for today is $11.1015.
Tomra Systems ASA'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 $0.338.
* 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.
Tomra Systems ASA EV-to-OCF Related Terms
Tomra Systems ASA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Tomra Systems ASA'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 Waste Management subindustry, Tomra Systems ASA'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.
Tomra Systems ASA EV-to-OCF vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tomra Systems ASA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA's EV-to-OCF falls into.
Tomra Systems ASA's current Enterprise Value is $4,072 Mil.
Tomra Systems ASA'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 $216 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.
Tomra Systems ASA (TMRAY) has a EV-to-OCF of 18.82 as of Aug. 09, 2026. This is 43% below median its historical median of 32.83. Over the past decade, Tomra Systems ASA's EV-to-OCF has ranged from 12.46 to 68.68. According to the industry distribution chart, Tomra Systems ASA ranks #184 out of 246 companies in the Waste Management industry, placing it in the top 74.8%.
Is Tomra Systems ASA's EV-to-OCF too high?
Tomra Systems ASA's current EV-to-OCF of 18.82 is 43% below median its 10-year median of 32.83. Over the past 10 years, this metric has ranged from a low of 12.46 to a high of 68.68. The Waste Management industry median EV-to-OCF is 8.77. Tomra Systems ASA's value of 18.82 is 114.7% above this industry median. Based on the distribution chart, Tomra Systems ASA ranks #184 out of 246 companies in the Waste Management industry, which is below the industry midpoint. Overall, Tomra Systems ASA has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's EV-to-OCF compare to WM and RSG?
According to the Waste Management industry distribution chart, Tomra Systems ASA ranks #184 out of 246 companies for EV-to-OCF. This places Tomra Systems ASA in the lower half of its industry. The industry median EV-to-OCF is 8.77. Tomra Systems ASA's value of 18.82 is 114.7% above this benchmark. Historically, Tomra Systems ASA's own EV-to-OCF has ranged from 12.46 to 68.68 over the past decade. While the company's 10-year median is 32.83 vs. the industry median of 8.77, Tomra Systems ASA 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 Waste Management company?
The median EV-to-OCF among Waste Management companies is 8.77, based on 246 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. Tomra Systems ASA's current EV-to-OCF of 18.82 is 114.7% 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 Waste Management 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. Tomra Systems ASA's current EV-to-OCF is 18.82, which is 43% below median its own 10-year median of 32.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.66, compared to a current price of $11.10 — trading 29.1% below its estimated fair value. The current EV-to-OCF is 18.82, which is 43% below median its 10-year median of 32.83 and 114.7% above the Waste Management industry median of 8.77. Tomra Systems ASA's overall GF Score™ is 86/100 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 Tomra Systems ASA (TMRAY), the current EV-to-OCF is 18.82 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 Tomra Systems ASA (TMRAY) Overvalued in 2026?
Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued.
The current stock price of $11.10 is trading 29.1% below its estimated GF Value™ of $15.66.
GuruFocus considers Tomra Systems ASA to be Modestly Undervalued.
Key valuation signals for TMRAY:
EV-to-OCF: 18.82 (43% below median its 10-year median of 32.83)
GF Value™: $15.66 vs. price of $11.10 (29.1% below fair value)
Industry Position: 114.7% above the Waste Management median (#184 of 246)
No single metric tells the full story. See the TMRAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
86GF Score
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