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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.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, TON Strategy Co's Enterprise Value is $137.79 Mil.
TON Strategy Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $-24.39 Mil. Therefore, TON Strategy Co's EV-to-OCF for today is -5.65.
The historical rank and industry rank for TON Strategy Co's EV-to-OCF or its related term are showing as below:
TONX'
s EV-to-OCF Range Over the Past 10 Years
Min: -134.34 Med: -3.51 Max: 1.12
Current: -5.65
During the past 13 years, the highest EV-to-OCF of TON Strategy Co was 1.12. The lowest was -134.34. And the median was -3.51.
TONX's EV-to-OCF is ranked better than 75.82% of 2874
companies
in the Software industry
Industry Median: 6.93
vs TONX: -5.65
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.
TON Strategy Co's PE Ratio (TTM) for today is calculated as:
TON Strategy Co's share price for today is $3.05.
TON Strategy Co'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 $-5.151.
* 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.
TON Strategy Co EV-to-OCF Related Terms
TON Strategy Co EV-to-OCF Historical Data
* Premium members only.
The historical data trend for TON Strategy Co'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 Software - Application subindustry, TON Strategy Co'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.
TON Strategy Co EV-to-OCF vs Software Industry
For the Software industry and Technology sector, TON Strategy Co's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where TON Strategy Co's EV-to-OCF falls into.
TON Strategy Co's current Enterprise Value is $137.79 Mil.
TON Strategy Co'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 $-24.39 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.
TON Strategy Co (TONX) has a EV-to-OCF of -5.65 as of Aug. 11, 2026. According to the industry distribution chart, TON Strategy Co ranks #695 out of 2874 companies in the Software industry, placing it in the top 24.2%.
Is TON Strategy Co's EV-to-OCF too high?
TON Strategy Co's current EV-to-OCF is -5.65. Based on the distribution chart, TON Strategy Co ranks #695 out of 2874 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, TON Strategy Co has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TON Strategy Co's EV-to-OCF compare to SMRT and MRT?
According to the Software industry distribution chart, TON Strategy Co ranks #695 out of 2874 companies for EV-to-OCF. This places TON Strategy Co in the top 24% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 6.93. 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 Software company?
The median EV-to-OCF among Software companies is 6.93, based on 2,874 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. 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 Software industry, the median EV-to-OCF is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TON Strategy Co's current EV-to-OCF is -5.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TON Strategy Co stock overvalued right now?
Based on GuruFocus' analysis, TON Strategy Co (TONX) is currently considered Possible Value Trap. The stock's GF Value™ is $17.54, compared to a current price of $3.05 — trading 82.6% below its estimated fair value. The current EV-to-OCF is -5.65. TON Strategy Co's overall GF Score™ is 49/100 with 4 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 TON Strategy Co (TONX), the current EV-to-OCF is -5.65 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 TON Strategy Co (TONX) Overvalued in 2026?
Based on GuruFocus' analysis, TON Strategy Co stock appears to be undervalued.
The current stock price of $3.05 is trading 82.6% below its estimated GF Value™ of $17.54.
GuruFocus considers TON Strategy Co to be Possible Value Trap.
Key valuation signals for TONX:
EV-to-OCF: -5.65
GF Value™: $17.54 vs. price of $3.05 (82.6% below fair value)
No single metric tells the full story. See the TONX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TON Strategy Co is a digital asset treasury and Web3 ecosystem company focused on supporting The Open Network, a public blockchain integrated with Telegram and designed for fast, scalable transactions and decentralized applications. Its core business is managing its holdings of Toncoin (TON), including staking tokens to support network validation and earn rewards, while adhering to regulatory, accounting, and risk management standards. The company also pursues Web3 initiatives to support the ecosystem's growth and adoption. It operates through MARKET. live, Go Fund Yourself, and TON segments, with MARKET.live generating maximum revenue as a multi-vendor livestream shopping platform that combines e-commerce and entertainment across social and video channels.
49GF Score
Get the complete analysis for TONX
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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