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Verano HoldingsVRNO +3.85%80 EV-to-OCF is 11.39 as of Aug. 22, 2026, which is 29% below its 10-year median of 15.97. GuruFocus rates VRNO with a GF Score™ of 80/100 and a GF Value™ of $6.58 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,005 Drug Manufacturers companies, Verano Holdings ranks worse than 51.44% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Verano Holdings's Enterprise Value is $860.8 Mil.
Verano Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $75.6 Mil. Therefore, Verano Holdings's EV-to-OCF for today is 11.39.
The historical rank and industry rank for Verano Holdings's EV-to-OCF or its related term are showing as below:
VRNO'
s EV-to-OCF Range Over the Past 10 Years
Min: 6.06 Med: 15.97 Max: 317.93
Current: 11.31
During the past 7 years, the highest EV-to-OCF of Verano Holdings was 317.93. The lowest was 6.06. And the median was 15.97.
VRNO's EV-to-OCF is ranked worse than 51.44% of 1005
companies
in the Drug Manufacturers industry
Industry Median: 10.52
vs VRNO: 11.31
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.
Verano Holdings's PE Ratio (TTM) for today is calculated as:
Verano Holdings's share price for today is $6.21.
Verano Holdings'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 $-3.555.
* 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.
Verano Holdings EV-to-OCF Related Terms
Verano Holdings EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Verano Holdings'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 Drug Manufacturers - Specialty & Generic subindustry, Verano Holdings'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.
Verano Holdings EV-to-OCF vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Verano Holdings's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Verano Holdings's EV-to-OCF falls into.
Verano Holdings's current Enterprise Value is $860.8 Mil.
Verano Holdings'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 $75.6 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.
Verano Holdings (VRNO) has a EV-to-OCF of 11.39 as of Aug. 22, 2026. This is 29% below median its historical median of 15.97. Over the past decade, Verano Holdings' EV-to-OCF has ranged from 6.06 to 317.93. According to the industry distribution chart, Verano Holdings ranks #517 out of 1005 companies in the Drug Manufacturers industry, placing it in the top 51.4%.
Is Verano Holdings' EV-to-OCF too high?
Verano Holdings' current EV-to-OCF of 11.39 is 29% below median its 10-year median of 15.97. Over the past 10 years, this metric has ranged from a low of 6.06 to a high of 317.93. The Drug Manufacturers industry median EV-to-OCF is 10.52. Verano Holdings' value of 11.39 is 8.3% above this industry median. Based on the distribution chart, Verano Holdings ranks #517 out of 1005 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Verano Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Verano Holdings' EV-to-OCF compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Verano Holdings ranks #517 out of 1005 companies for EV-to-OCF. This places Verano Holdings in the lower half of its industry. The industry median EV-to-OCF is 10.52. Verano Holdings' value of 11.39 is 8.3% above this benchmark. Historically, Verano Holdings' own EV-to-OCF has ranged from 6.06 to 317.93 over the past decade. While the company's 10-year median is 15.97 vs. the industry median of 10.52, Verano Holdings has consistently been above 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 Drug Manufacturers company?
The median EV-to-OCF among Drug Manufacturers companies is 10.52, based on 1,005 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. Verano Holdings's current EV-to-OCF of 11.39 is 8.3% 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 Drug Manufacturers industry, the median EV-to-OCF is 10.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Verano Holdings's current EV-to-OCF is 11.39, which is 29% below median its own 10-year median of 15.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verano Holdings stock overvalued right now?
Based on GuruFocus' analysis, Verano Holdings (VRNO) is currently considered Fairly Valued. The stock's GF Value™ is $6.58, compared to a current price of $6.21 — trading 5.6% below its estimated fair value. The current EV-to-OCF is 11.39, which is 29% below median its 10-year median of 15.97 and 8.3% above the Drug Manufacturers industry median of 10.52. Verano Holdings' overall GF Score™ is 80/100 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 Verano Holdings (VRNO), the current EV-to-OCF is 11.39 as of Aug. 22, 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 Verano Holdings (VRNO) Overvalued in 2026?
Based on GuruFocus' analysis, Verano Holdings stock appears to be undervalued.
The current stock price of $6.21 is trading 5.6% below its estimated GF Value™ of $6.58.
GuruFocus considers Verano Holdings to be Fairly Valued.
Key valuation signals for VRNO:
EV-to-OCF: 11.39 (29% below median its 10-year median of 15.97)
GF Value™: $6.58 vs. price of $6.21 (5.6% below fair value)
Industry Position: 8.3% above the Drug Manufacturers median (#517 of 1005)
No single metric tells the full story. See the VRNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Verano Holdings Corp is a vertically integrated, multi-state cannabis operator in the United States. The company operates through cultivation (wholesale) and retail segments. Its consumer brands include Encore, Avexia, MUV, Savvy, BITS, and Verano, while its retail dispensaries operate under brands such as Zen Leaf and MUV. The company derives the majority of its revenue from the retail segment.
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