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Vodafone GroupVOD +1.23%68 EV-to-OCF is 5.39 as of Aug. 16, 2026, which is 3% below its 10-year median of 5.57. GuruFocus rates VOD with a GF Score™ of 68/100 and a GF Value™ of $12.99 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 369 Telecommunication Services companies, Vodafone Group ranks better than 62.6% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Vodafone Group's Enterprise Value is $89,572 Mil.
Vodafone Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $16,611 Mil. Therefore, Vodafone Group's EV-to-OCF for today is 5.39.
The historical rank and industry rank for Vodafone Group's EV-to-OCF or its related term are showing as below:
VOD'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.8 Med: 5.57 Max: 8.63
Current: 5.31
During the past 13 years, the highest EV-to-OCF of Vodafone Group was 8.63. The lowest was 3.80. And the median was 5.57.
VOD's EV-to-OCF is ranked better than 62.6% of 369
companies
in the Telecommunication Services industry
Industry Median: 7.07
vs VOD: 5.31
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.
Vodafone Group's PE Ratio (TTM) for today is calculated as:
Vodafone Group's share price for today is $16.405.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vodafone Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.188.
* 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.
Vodafone Group EV-to-OCF Related Terms
Vodafone Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Vodafone Group'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 Telecom Services subindustry, Vodafone Group'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.
Vodafone Group EV-to-OCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Vodafone Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Vodafone Group's EV-to-OCF falls into.
Vodafone Group's current Enterprise Value is $89,572 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vodafone Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $16,611 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.
Vodafone Group (VOD) has a EV-to-OCF of 5.39 as of Aug. 16, 2026. This is near median its historical median of 5.57. Over the past decade, Vodafone Group's EV-to-OCF has ranged from 3.80 to 8.63. According to the industry distribution chart, Vodafone Group ranks #138 out of 369 companies in the Telecommunication Services industry, placing it in the top 37.4%.
Is Vodafone Group's EV-to-OCF too high?
Vodafone Group's current EV-to-OCF of 5.39 is near median its 10-year median of 5.57. Over the past 10 years, this metric has ranged from a low of 3.80 to a high of 8.63. The Telecommunication Services industry median EV-to-OCF is 7.07. Vodafone Group's value of 5.39 is 23.8% below this industry median. Based on the distribution chart, Vodafone Group ranks #138 out of 369 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Vodafone Group has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vodafone Group's EV-to-OCF compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Vodafone Group ranks #138 out of 369 companies for EV-to-OCF. This puts Vodafone Group in the upper half of its industry. The industry median EV-to-OCF is 7.07. Vodafone Group's value of 5.39 is 23.8% below this benchmark. Historically, Vodafone Group's own EV-to-OCF has ranged from 3.80 to 8.63 over the past decade. While the company's 10-year median is 5.57 vs. the industry median of 7.07, Vodafone Group 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 a Telecommunication Services company?
The median EV-to-OCF among Telecommunication Services companies is 7.07, based on 369 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. Vodafone Group's current EV-to-OCF of 5.39 is 23.8% 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 Telecommunication Services industry, the median EV-to-OCF is 7.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vodafone Group's current EV-to-OCF is 5.39, which is near median its own 10-year median of 5.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodafone Group stock overvalued right now?
Based on GuruFocus' analysis, Vodafone Group (VOD) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.99, compared to a current price of $16.41 — trading 26.3% above its estimated fair value. The current EV-to-OCF is 5.39, which is near median its 10-year median of 5.57 and 23.8% below the Telecommunication Services industry median of 7.07. Vodafone Group's overall GF Score™ is 68/100 with 6 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 Vodafone Group (VOD), the current EV-to-OCF is 5.39 as of Aug. 16, 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 Vodafone Group (VOD) Overvalued in 2026?
Based on GuruFocus' analysis, Vodafone Group stock appears to be overvalued.
The current stock price of $16.41 is trading 26.3% above its estimated GF Value™ of $12.99.
GuruFocus considers Vodafone Group to be Modestly Overvalued.
Key valuation signals for VOD:
EV-to-OCF: 5.39 (near median its 10-year median of 5.57)
GF Value™: $12.99 vs. price of $16.41 (26.3% above fair value)
Industry Position: 23.8% below the Telecommunication Services median (#138 of 369)
No single metric tells the full story. See the VOD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vodafone operates mobile and fixed-line networks and businesses across Europe, Africa, and the Middle East. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns two cable networks after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the UK, Vodafone merged with CK Hutchison in 2024, consolidating the mobile market. It also divested its Spanish and Italian divisions in that same year, given their low returns on invested capital.
68GF Score
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