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EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Denison Mines's Enterprise Value is C$3,698.64 Mil.
Denison Mines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was C$-86.78 Mil. Therefore, Denison Mines's EV-to-OCF for today is -42.62.
The historical rank and industry rank for Denison Mines's EV-to-OCF or its related term are showing as below:
TSX:DML'
s EV-to-OCF Range Over the Past 10 Years
Min: -97.73 Med: -41.29 Max: 24.27
Current: -42.62
During the past 13 years, the highest EV-to-OCF of Denison Mines was 24.27. The lowest was -97.73. And the median was -41.29.
TSX:DML's EV-to-OCF is ranked better than 88.71% of 186
companies
in the Other Energy Sources industry
Industry Median: 2.035
vs TSX:DML: -42.62
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.
Denison Mines's PE Ratio (TTM) for today is calculated as:
Denison Mines's share price for today is C$4.37.
Denison Mines's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.320.
* 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.
Denison Mines EV-to-OCF Related Terms
Denison Mines EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Denison Mines'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 Uranium subindustry, Denison Mines'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.
Denison Mines EV-to-OCF vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Denison Mines's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Denison Mines's EV-to-OCF falls into.
Denison Mines's current Enterprise Value is C$3,698.64 Mil.
Denison Mines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-86.78 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.
Denison Mines (TSX:DML) has a EV-to-OCF of -42.62 as of Aug. 07, 2026. According to the industry distribution chart, Denison Mines ranks #21 out of 186 companies in the Other Energy Sources industry, placing it in the top 11.3%.
Is Denison Mines' EV-to-OCF too high?
Denison Mines' current EV-to-OCF is -42.62. Based on the distribution chart, Denison Mines ranks #21 out of 186 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Denison Mines has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Denison Mines' EV-to-OCF compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Denison Mines ranks #21 out of 186 companies for EV-to-OCF. This places Denison Mines in the top 11% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 2.04. 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 Other Energy Sources company?
The median EV-to-OCF among Other Energy Sources companies is 2.04, based on 186 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 Other Energy Sources industry, the median EV-to-OCF is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Denison Mines's current EV-to-OCF is -42.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Denison Mines stock overvalued right now?
Based on GuruFocus' analysis, Denison Mines (TSX:DML) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.60, compared to a current price of C$4.37 — trading 68.1% above its estimated fair value. The current EV-to-OCF is -42.62. Denison Mines' overall GF Score™ is 60/100 with 8 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 Denison Mines (TSX:DML), the current EV-to-OCF is -42.62 as of Aug. 07, 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 Denison Mines (TSX:DML) Overvalued in 2026?
Based on GuruFocus' analysis, Denison Mines stock appears to be overvalued.
The current stock price of C$4.37 is trading 68.1% above its estimated GF Value™ of C$2.60.
GuruFocus considers Denison Mines to be Significantly Overvalued.
Key valuation signals for TSX:DML:
EV-to-OCF: -42.62
GF Value™: C$2.60 vs. price of C$4.37 (68.1% above fair value)
No single metric tells the full story. See the TSX:DML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Denison Mines Corp is engaged in uranium mining-related activities, including the acquisition, exploration, development, and mining of uranium-bearing properties, as well as the processing, sale, and investment in uranium. The company's key properties include Wheeler River, Waterbury Lake, McClean Lake, Midwest, and others. It operates through two segments: the Mining segment and the Corporate and Other segment. The majority of the company's revenue is generated from the Mining segment, which includes activities related to exploration, evaluation, and development, mining, milling (including toll milling), and the sale of mineral concentrates.
60GF Score
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