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EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, First National Financial's Enterprise Value is C$52,734.3 Mil.
First National Financial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2025 was C$464.4 Mil. Therefore, First National Financial's EV-to-OCF for today is 113.54.
The historical rank and industry rank for First National Financial's EV-to-OCF or its related term are showing as below:
TSX:FN'
s EV-to-OCF Range Over the Past 10 Years
Min: -36534.54 Med: -56.85 Max: 250.41
Current: 113.54
During the past 13 years, the highest EV-to-OCF of First National Financial was 250.41. The lowest was -36534.54. And the median was -56.85.
TSX:FN's EV-to-OCF is not ranked
in the Banks industry.
Industry Median: 3.785
vs TSX:FN: 113.54
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.
First National Financial (TSX:FN) 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.
First National Financial's PE Ratio (TTM) for today is calculated as:
First National Financial's share price for today is C$47.98.
First National Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2.465.
* 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.
First National Financial EV-to-OCF Related Terms
First National Financial EV-to-OCF Historical Data
* 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 Mortgage Finance subindustry, First National Financial'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.
First National Financial EV-to-OCF vs Banks Industry
For the Banks industry and Financial Services sector, First National Financial's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where First National Financial's EV-to-OCF falls into.
First National Financial's current Enterprise Value is C$52,734.3 Mil.
First National Financial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was C$464.4 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.
First National Financial (TSX:FN) has a EV-to-OCF of 113.54 as of Jul. 29, 2026.
Is First National Financial's EV-to-OCF too high?
First National Financial's current EV-to-OCF is 113.54. The Banks industry median EV-to-OCF is 3.79. First National Financial's value of 113.54 is 2899.7% above this industry median. Overall, First National Financial has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does First National Financial's EV-to-OCF compare to RKT and FNMA?
First National Financial's EV-to-OCF of 113.54 can be compared against companies in the Banks industry. The industry median EV-to-OCF is 3.79. First National Financial's value of 113.54 is 2899.7% above this benchmark. 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 Banks company?
The median EV-to-OCF among Banks companies is 3.79, based on 1,500 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. First National Financial's current EV-to-OCF of 113.54 is 2899.7% 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 Banks industry, the median EV-to-OCF is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First National Financial's current EV-to-OCF is 113.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First National Financial stock overvalued right now?
First National Financial (TSX:FN) has a current EV-to-OCF of 113.54. The stock's GF Value™ is C$59.71, compared to a current price of C$47.98 — trading 19.6% below its estimated fair value. The current EV-to-OCF is 113.54 and 2899.7% above the Banks industry median of 3.79. First National Financial's overall GF Score™ is 19/100 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 First National Financial (TSX:FN), the current EV-to-OCF is 113.54 as of Jul. 29, 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 First National Financial (TSX:FN) Overvalued in 2026?
Based on GuruFocus' analysis, First National Financial stock appears to be undervalued.
The current stock price of C$47.98 is trading 19.6% below its estimated GF Value™ of C$59.71.
Key valuation signals for TSX:FN:
EV-to-OCF: 113.54
GF Value™: C$59.71 vs. price of C$47.98 (19.6% below fair value)
No single metric tells the full story. See the TSX:FN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First National Financial Corp is a Canadian originator, underwriter and servicer of predominantly prime residential and commercial mortgages. The Company operates in two business segments, Residential and Commercial. These segments are organized by mortgage type and contain revenue and expenses related to origination, underwriting, securitization and servicing activities. It derives maximum revenue from Residential segment.
19GF Score
Get the complete analysis for TSX:FN
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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