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Calfrac Well ServicesTSX:CFW -1.10%59 EV-to-OCF is 4.12 as of Aug. 13, 2026, which is 15% below its 10-year median of 4.82. GuruFocus rates TSX:CFW with a GF Score™ of 59/100 and a GF Value™ of C$3.04 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,027 Oil & Gas companies, Calfrac Well Services ranks better than 58.81% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Calfrac Well Services's Enterprise Value is C$866 Mil.
Calfrac Well Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was C$210 Mil. Therefore, Calfrac Well Services's EV-to-OCF for today is 4.12.
The historical rank and industry rank for Calfrac Well Services's EV-to-OCF or its related term are showing as below:
TSX:CFW'
s EV-to-OCF Range Over the Past 10 Years
Min: -140.62 Med: 4.82 Max: 194.68
Current: 4.12
During the past 13 years, the highest EV-to-OCF of Calfrac Well Services was 194.68. The lowest was -140.62. And the median was 4.82.
TSX:CFW's EV-to-OCF is ranked better than 58.81% of 1027
companies
in the Oil & Gas industry
Industry Median: 5.66
vs TSX:CFW: 4.12
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.
Calfrac Well Services (TSX:CFW) 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.
Calfrac Well Services's PE Ratio (TTM) for today is calculated as:
Calfrac Well Services's share price for today is C$7.21.
Calfrac Well Services'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 C$0.615.
* 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.
* 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 Oil & Gas Equipment & Services subindustry, Calfrac Well Services'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.
Calfrac Well Services EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Calfrac Well Services's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Calfrac Well Services's EV-to-OCF falls into.
Calfrac Well Services's current Enterprise Value is C$866 Mil.
Calfrac Well Services'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 C$210 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.
Calfrac Well Services (TSX:CFW) has a EV-to-OCF of 4.12 as of Aug. 13, 2026. This is 15% below median its historical median of 4.82. According to the industry distribution chart, Calfrac Well Services ranks #423 out of 1027 companies in the Oil & Gas industry, placing it in the top 41.2%.
Is Calfrac Well Services' EV-to-OCF too high?
Calfrac Well Services' current EV-to-OCF of 4.12 is 15% below median its 10-year median of 4.82. The Oil & Gas industry median EV-to-OCF is 5.66. Calfrac Well Services' value of 4.12 is 27.2% below this industry median. Based on the distribution chart, Calfrac Well Services ranks #423 out of 1027 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Calfrac Well Services has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Calfrac Well Services' EV-to-OCF compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Calfrac Well Services ranks #423 out of 1027 companies for EV-to-OCF. This puts Calfrac Well Services in the upper half of its industry. The industry median EV-to-OCF is 5.66. Calfrac Well Services' value of 4.12 is 27.2% below this benchmark. While the company's 10-year median is 4.82 vs. the industry median of 5.66, Calfrac Well Services has consistently been below 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 Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.66, based on 1,027 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. Calfrac Well Services's current EV-to-OCF of 4.12 is 27.2% below 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 Oil & Gas industry, the median EV-to-OCF is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calfrac Well Services's current EV-to-OCF is 4.12, which is 15% below median its own 10-year median of 4.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calfrac Well Services stock overvalued right now?
Based on GuruFocus' analysis, Calfrac Well Services (TSX:CFW) is currently considered Significantly Overvalued. The stock's GF Value™ is C$3.04, compared to a current price of C$7.21 — trading 137.2% above its estimated fair value. The current EV-to-OCF is 4.12, which is 15% below median its 10-year median of 4.82 and 27.2% below the Oil & Gas industry median of 5.66. Calfrac Well Services' overall GF Score™ is 59/100 with 5 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 Calfrac Well Services (TSX:CFW), the current EV-to-OCF is 4.12 as of Aug. 13, 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 Calfrac Well Services (TSX:CFW) Overvalued in 2026?
Based on GuruFocus' analysis, Calfrac Well Services stock appears to be overvalued.
The current stock price of C$7.21 is trading 137.2% above its estimated GF Value™ of C$3.04.
GuruFocus considers Calfrac Well Services to be Significantly Overvalued.
Key valuation signals for TSX:CFW:
EV-to-OCF: 4.12 (15% below median its 10-year median of 4.82)
GF Value™: C$3.04 vs. price of C$7.21 (137.2% above fair value)
Industry Position: 27.2% below the Oil & Gas median (#423 of 1027)
No single metric tells the full story. See the TSX:CFW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calfrac Well Services Ltd is an independent provider of specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and wireline services for the oil and natural gas industries in the United States, Canada, and Argentina. The company operates through two main segments. Its North America segment provides fracturing services to oil and natural gas companies operating in the Williston Basin in North Dakota, as well as the broader Rockies region. The Argentina segment, which generates the highest revenue, offers fracturing, coiled tubing, cementing, and other well stimulation services to oil and natural gas companies operating in the Neuquen and Comodoro Rivadavia regions.
59GF Score
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