Energa (WAR:ENG) EV-to-OCF: 5.00 (As of Aug. 01, 2026) — 31% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:ENG Energa SA WAR:ENG
68 GF Score
Price zł19.18
GF Value zł11.94
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Energa EV-to-OCF?

Energa WAR:ENG 68 EV-to-OCF is 5.00 as of Aug. 01, 2026, which is 31% above its 10-year median of 3.81. GuruFocus rates WAR:ENG with a GF Score™ of 68/100 and a GF Value™ of zł11.94 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 506 Utilities - Regulated companies, Energa ranks better than 77.08% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Energa's Enterprise Value is zł22,701 Mil. Energa's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was zł4,539 Mil. Therefore, Energa's EV-to-OCF for today is 5.00.

The historical rank and industry rank for Energa's EV-to-OCF or its related term are showing as below:

WAR:ENG' s EV-to-OCF Range Over the Past 10 Years
Min: 1.36   Med: 3.81   Max: 10.42
Current: 5

During the past 13 years, the highest EV-to-OCF of Energa was 10.42. The lowest was 1.36. And the median was 3.81.

WAR:ENG's EV-to-OCF is ranked better than
77.08% of 506 companies
in the Utilities - Regulated industry
Industry Median: 10.775 vs WAR:ENG: 5.00

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.

As of today (2026-08-01), Energa's stock price is zł19.18. Energa's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was zł3.656. Therefore, Energa's PE Ratio (TTM) for today is 5.25.


Energa  (WAR:ENG) 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.

Energa's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=19.18/3.656
=5.25

Energa's share price for today is zł19.18.
Energa'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 zł3.656.

* 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.


Energa EV-to-OCF Related Terms


Energa EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Energa'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.

Energa EV-to-OCF Chart

Energa Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.39 2.41 9.56 3.89 4.34

Energa Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 3.24 3.24 4.34 4.95

WAR:ENG vs NEE, SO, DUK: EV-to-OCF Comparison

For the Utilities - Regulated Electric subindustry, Energa'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.


Energa EV-to-OCF vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Energa's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Energa's EV-to-OCF falls into.


WAR:ENG
68GF Score
Energa SA WAR:ENG
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Energa EV-to-OCF Calculation

Energa's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=22701.299/4539
=5.00

Energa's current Enterprise Value is zł22,701 Mil.
Energa'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 zł4,539 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 5.00 mean?
Energa (WAR:ENG) has a EV-to-OCF of 5.00 as of Aug. 01, 2026. This is 31% above median its historical median of 3.81. Over the past decade, Energa's EV-to-OCF has ranged from 1.36 to 10.42. According to the industry distribution chart, Energa ranks #116 out of 506 companies in the Utilities - Regulated industry, placing it in the top 22.9%.
Is Energa's EV-to-OCF too high?
Energa's current EV-to-OCF of 5.00 is 31% above median its 10-year median of 3.81. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 10.42. The Utilities - Regulated industry median EV-to-OCF is 10.78. Energa's value of 5.00 is 53.6% below this industry median. Based on the distribution chart, Energa ranks #116 out of 506 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Energa has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energa's EV-to-OCF compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Energa ranks #116 out of 506 companies for EV-to-OCF. This places Energa in the top 23% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 10.78. Energa's value of 5.00 is 53.6% below this benchmark. Historically, Energa's own EV-to-OCF has ranged from 1.36 to 10.42 over the past decade. While the company's 10-year median is 3.81 vs. the industry median of 10.78, Energa 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 Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.78, based on 506 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. Energa's current EV-to-OCF of 5.00 is 53.6% 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 Utilities - Regulated industry, the median EV-to-OCF is 10.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energa's current EV-to-OCF is 5.00, which is 31% above median its own 10-year median of 3.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energa stock overvalued right now?
Based on GuruFocus' analysis, Energa (WAR:ENG) is currently considered Significantly Overvalued. The stock's GF Value™ is zł11.94, compared to a current price of zł19.18 — trading 60.6% above its estimated fair value. The current EV-to-OCF is 5.00, which is 31% above median its 10-year median of 3.81 and 53.6% below the Utilities - Regulated industry median of 10.78. Energa'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 Energa (WAR:ENG), the current EV-to-OCF is 5.00 as of Aug. 01, 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 Energa (WAR:ENG) Overvalued in 2026?

Based on GuruFocus' analysis, Energa stock appears to be overvalued. The current stock price of zł19.18 is trading 60.6% above its estimated GF Value™ of zł11.94. GuruFocus considers Energa to be Significantly Overvalued.

Key valuation signals for WAR:ENG:

  • EV-to-OCF: 5.00 (31% above median its 10-year median of 3.81)
  • GF Value™: zł11.94 vs. price of zł19.18 (60.6% above fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 53.6% below the Utilities - Regulated median (#116 of 506)

No single metric tells the full story. See the WAR:ENG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Energa Business Description

Other Exchanges EN2:Germany
Address Al. Grunwaldzka 472, Gdansk, POL, 80-309
Energa SA is a Polish electric utility company of which the State Treasury of Poland is the majority shareholder. Energa SA is involved in the distribution, generation, and sale of electrical energy. The company segments its activities into Electricity Distribution, Generation, and Sales units. The Distribution division operates an electricity transmission system in Northern and Central Poland, where it is the sole distributor. Energa's Generation business controls a portfolio of coal, hydro, biomass, and wind power plants throughout the country. Coal-fired facilities account for a majority of the company's energy production. The majority of Energa's earnings are derived from the business of distributing electricity.
68GF Score

Get the complete analysis for WAR:ENG

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł19.18
Price
zł11.94
GF Value