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WhiteHorse FinanceWHF +2.91%42 EV-to-OCF is 6.06 as of Aug. 19, 2026, which is 4% below its 10-year median of 6.29. GuruFocus rates WHF with a GF Score™ of 42/100 and a GF Value™ of $13.03 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,507 Asset Management companies, WhiteHorse Finance ranks worse than 50.43% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, WhiteHorse Finance's Enterprise Value is $471.91 Mil.
WhiteHorse Finance's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $77.85 Mil. Therefore, WhiteHorse Finance's EV-to-OCF for today is 6.06.
The historical rank and industry rank for WhiteHorse Finance's EV-to-OCF or its related term are showing as below:
WHF'
s EV-to-OCF Range Over the Past 10 Years
Min: -203.15 Med: 6.29 Max: 605.67
Current: 6.06
During the past 13 years, the highest EV-to-OCF of WhiteHorse Finance was 605.67. The lowest was -203.15. And the median was 6.29.
WHF's EV-to-OCF is ranked worse than 50.43% of 1507
companies
in the Asset Management industry
Industry Median: 5.88
vs WHF: 6.06
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.
WhiteHorse Finance's PE Ratio (TTM) for today is calculated as:
WhiteHorse Finance's share price for today is $7.26.
WhiteHorse Finance'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 $0.790.
* 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.
WhiteHorse Finance EV-to-OCF Related Terms
WhiteHorse Finance EV-to-OCF Historical Data
* Premium members only.
The historical data trend for WhiteHorse Finance'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 Asset Management subindustry, WhiteHorse Finance'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.
WhiteHorse Finance EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WhiteHorse Finance's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where WhiteHorse Finance's EV-to-OCF falls into.
WhiteHorse Finance's current Enterprise Value is $471.91 Mil.
WhiteHorse Finance'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 $77.85 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.
WhiteHorse Finance (WHF) has a EV-to-OCF of 6.06 as of Aug. 19, 2026. This is near median its historical median of 6.29. According to the industry distribution chart, WhiteHorse Finance ranks #760 out of 1507 companies in the Asset Management industry, placing it in the top 50.4%.
Is WhiteHorse Finance's EV-to-OCF too high?
WhiteHorse Finance's current EV-to-OCF of 6.06 is near median its 10-year median of 6.29. The Asset Management industry median EV-to-OCF is 5.88. WhiteHorse Finance's value of 6.06 is 3.1% above this industry median. Based on the distribution chart, WhiteHorse Finance ranks #760 out of 1507 companies in the Asset Management industry, which is below the industry midpoint. Overall, WhiteHorse Finance has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WhiteHorse Finance's EV-to-OCF compare to GRX and MPA?
According to the Asset Management industry distribution chart, WhiteHorse Finance ranks #760 out of 1507 companies for EV-to-OCF. This places WhiteHorse Finance in the lower half of its industry. The industry median EV-to-OCF is 5.88. WhiteHorse Finance's value of 6.06 is 3.1% above this benchmark. While the company's 10-year median is 6.29 vs. the industry median of 5.88, WhiteHorse Finance 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 an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.88, based on 1,507 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. WhiteHorse Finance's current EV-to-OCF of 6.06 is 3.1% 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 Asset Management industry, the median EV-to-OCF is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WhiteHorse Finance's current EV-to-OCF is 6.06, which is near median its own 10-year median of 6.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WhiteHorse Finance stock overvalued right now?
Based on GuruFocus' analysis, WhiteHorse Finance (WHF) is currently considered Possible Value Trap. The stock's GF Value™ is $13.03, compared to a current price of $7.26 — trading 44.3% below its estimated fair value. The current EV-to-OCF is 6.06, which is near median its 10-year median of 6.29 and 3.1% above the Asset Management industry median of 5.88. WhiteHorse Finance's overall GF Score™ is 42/100 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 WhiteHorse Finance (WHF), the current EV-to-OCF is 6.06 as of Aug. 19, 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 WhiteHorse Finance (WHF) Overvalued in 2026?
Based on GuruFocus' analysis, WhiteHorse Finance stock appears to be undervalued.
The current stock price of $7.26 is trading 44.3% below its estimated GF Value™ of $13.03.
GuruFocus considers WhiteHorse Finance to be Possible Value Trap.
Key valuation signals for WHF:
EV-to-OCF: 6.06 (near median its 10-year median of 6.29)
GF Value™: $13.03 vs. price of $7.26 (44.3% below fair value)
Industry Position: 3.1% above the Asset Management median (#760 of 1507)
No single metric tells the full story. See the WHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WhiteHorse Finance Inc is a non-diversified, closed-end management investment company. It makes debt investments in privately held; small-cap companies located in United States. Its investment objective is to generate risk-adjusted returns by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries.
42GF Score
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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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