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Thistle ResourcesTRCGF -6.25%10 EV-to-OCF is -6.48 as of Aug. 27, 2026. GuruFocus rates TRCGF with a GF Score™ of 10/100. Among 2,668 Metals & Mining companies, Thistle Resources ranks better than 51.61% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Thistle Resources's Enterprise Value is $9.07 Mil.
Thistle Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.40 Mil. Therefore, Thistle Resources's EV-to-OCF for today is -6.48.
The historical rank and industry rank for Thistle Resources's EV-to-OCF or its related term are showing as below:
TRCGF'
s EV-to-OCF Range Over the Past 10 Years
Min: -9.54 Med: 0 Max: 0
Current: -6.48
TRCGF's EV-to-OCF is ranked better than 51.61% of 2668
companies
in the Metals & Mining industry
Industry Median: -9.02
vs TRCGF: -6.48
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.
Thistle Resources's PE Ratio (TTM) for today is calculated as:
Thistle Resources's share price for today is $0.15.
Thistle Resources'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 $-0.011.
* 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.
Thistle Resources EV-to-OCF Related Terms
Thistle Resources EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Thistle Resources'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 Other Industrial Metals & Mining subindustry, Thistle Resources'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.
Thistle Resources EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thistle Resources's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Thistle Resources's EV-to-OCF falls into.
Thistle Resources's current Enterprise Value is $9.07 Mil.
Thistle Resources'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 $-1.40 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.
Thistle Resources (TRCGF) has a EV-to-OCF of -6.48 as of Aug. 27, 2026. According to the industry distribution chart, Thistle Resources ranks #1291 out of 2668 companies in the Metals & Mining industry, placing it in the top 48.4%.
Is Thistle Resources' EV-to-OCF too high?
Thistle Resources' current EV-to-OCF is -6.48. Based on the distribution chart, Thistle Resources ranks #1291 out of 2668 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Thistle Resources has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Thistle Resources' EV-to-OCF compare to ?
According to the Metals & Mining industry distribution chart, Thistle Resources ranks #1291 out of 2668 companies for EV-to-OCF. This puts Thistle Resources in the upper half of its industry. 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 Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. 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. Thistle Resources's current EV-to-OCF is -6.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thistle Resources stock overvalued right now?
Thistle Resources (TRCGF) has a current EV-to-OCF of -6.48. The current EV-to-OCF is -6.48. Thistle Resources' overall GF Score™ is 10/100. 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 Thistle Resources (TRCGF), the current EV-to-OCF is -6.48 as of Aug. 27, 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.
Thistle Resources Inc is engaged in base and precious metal exploration in the Bathurst Mining Camp, New Brunswick, and the Cape Breton Highlands Region, Nova Scotia. The company wholly-owns the following mineral exploration projects: Middle River Gold Project; Middle River VMS Project; Celtic Highlands Project and Alba Forks Project. It has acquired the option to purchase the mineral claims associated with the Brunswick Gold-Silver Project.
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