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Vestas Wind Systems ASWAR:VEST 61 EV-to-OCF is 11.21 as of Jul. 31, 2026, which is 3% above its 10-year median of 10.93. GuruFocus rates WAR:VEST with a GF Score™ of 61/100 and a GF Value™ of zł93.59 (Fairly Valued). The stock has 4 warning signs investors should review. Among 3,077 Industrial Products companies, Vestas Wind Systems AS ranks better than 50.5% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Vestas Wind Systems AS's Enterprise Value is zł96,780 Mil.
Vestas Wind Systems AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was zł8,635 Mil. Therefore, Vestas Wind Systems AS's EV-to-OCF for today is 11.21.
The historical rank and industry rank for Vestas Wind Systems AS's EV-to-OCF or its related term are showing as below:
WAR:VEST'
s EV-to-OCF Range Over the Past 10 Years
Min: -4457.11 Med: 10.93 Max: 109.49
Current: 11.36
During the past 13 years, the highest EV-to-OCF of Vestas Wind Systems AS was 109.49. The lowest was -4457.11. And the median was 10.93.
WAR:VEST's EV-to-OCF is ranked better than 50.5% of 3077
companies
in the Industrial Products industry
Industry Median: 11.59
vs WAR:VEST: 11.36
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.
Vestas Wind Systems AS (WAR:VEST) 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.
Vestas Wind Systems AS's PE Ratio (TTM) for today is calculated as:
Vestas Wind Systems AS's share price for today is zł101.95.
Vestas Wind Systems AS'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 zł3.687.
* 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.
* 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 Specialty Industrial Machinery subindustry, Vestas Wind Systems AS'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.
Vestas Wind Systems AS EV-to-OCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Vestas Wind Systems AS's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Vestas Wind Systems AS's EV-to-OCF falls into.
Vestas Wind Systems AS's current Enterprise Value is zł96,780 Mil.
Vestas Wind Systems AS'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 zł8,635 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.
Vestas Wind Systems AS (WAR:VEST) has a EV-to-OCF of 11.21 as of Jul. 31, 2026. This is near median its historical median of 10.93. According to the industry distribution chart, Vestas Wind Systems AS ranks #1523 out of 3077 companies in the Industrial Products industry, placing it in the top 49.5%.
Is Vestas Wind Systems AS's EV-to-OCF too high?
Vestas Wind Systems AS's current EV-to-OCF of 11.21 is near median its 10-year median of 10.93. The Industrial Products industry median EV-to-OCF is 11.59. Vestas Wind Systems AS's value of 11.21 is 3.3% below this industry median. Based on the distribution chart, Vestas Wind Systems AS ranks #1523 out of 3077 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Vestas Wind Systems AS has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vestas Wind Systems AS's EV-to-OCF compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Vestas Wind Systems AS ranks #1523 out of 3077 companies for EV-to-OCF. This puts Vestas Wind Systems AS in the upper half of its industry. The industry median EV-to-OCF is 11.59. Vestas Wind Systems AS's value of 11.21 is 3.3% below this benchmark. While the company's 10-year median is 10.93 vs. the industry median of 11.59, Vestas Wind Systems AS 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 Industrial Products company?
The median EV-to-OCF among Industrial Products companies is 11.59, based on 3,077 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. Vestas Wind Systems AS's current EV-to-OCF of 11.21 is 3.3% 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 Industrial Products industry, the median EV-to-OCF is 11.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vestas Wind Systems AS's current EV-to-OCF is 11.21, which is near median its own 10-year median of 10.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vestas Wind Systems AS stock overvalued right now?
Based on GuruFocus' analysis, Vestas Wind Systems AS (WAR:VEST) is currently considered Fairly Valued. The stock's GF Value™ is zł93.59, compared to a current price of zł101.95 — trading 8.9% above its estimated fair value. The current EV-to-OCF is 11.21, which is near median its 10-year median of 10.93 and 3.3% below the Industrial Products industry median of 11.59. Vestas Wind Systems AS's overall GF Score™ is 61/100 with 4 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 Vestas Wind Systems AS (WAR:VEST), the current EV-to-OCF is 11.21 as of Jul. 31, 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 Vestas Wind Systems AS (WAR:VEST) Overvalued in 2026?
Based on GuruFocus' analysis, Vestas Wind Systems AS stock appears to be overvalued.
The current stock price of zł101.95 is trading 8.9% above its estimated GF Value™ of zł93.59.
GuruFocus considers Vestas Wind Systems AS to be Fairly Valued.
Key valuation signals for WAR:VEST:
EV-to-OCF: 11.21 (near median its 10-year median of 10.93)
GF Value™: zł93.59 vs. price of zł101.95 (8.9% above fair value)
Industry Position: 3.3% below the Industrial Products median (#1523 of 3077)
No single metric tells the full story. See the WAR:VEST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.
61GF Score
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