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Tullow OilXGHA:TLW 35 EV-to-OCF is 7.04 as of Aug. 22, 2026, which is 26% above its 10-year median of 5.59. GuruFocus rates XGHA:TLW with a GF Score™ of 35/100 and a GF Value™ of GHS9.02 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,024 Oil & Gas companies, Tullow Oil ranks worse than 54.69% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Tullow Oil's Enterprise Value is GHS26,199 Mil.
Tullow Oil's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was GHS3,723 Mil. Therefore, Tullow Oil's EV-to-OCF for today is 7.04.
The historical rank and industry rank for Tullow Oil's EV-to-OCF or its related term are showing as below:
XGHA:TLW'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.97 Med: 5.59 Max: 17.3
Current: 6.92
During the past 13 years, the highest EV-to-OCF of Tullow Oil was 17.30. The lowest was 2.97. And the median was 5.59.
XGHA:TLW's EV-to-OCF is ranked worse than 54.69% of 1024
companies
in the Oil & Gas industry
Industry Median: 5.68
vs XGHA:TLW: 6.92
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.
Tullow Oil's share price for today is GHS13.11.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tullow Oil's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was GHS0.045.
* 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.
Tullow Oil EV-to-OCF Related Terms
Tullow Oil EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Tullow Oil'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 Oil & Gas E&P subindustry, Tullow Oil'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.
Tullow Oil EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tullow Oil's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Tullow Oil's EV-to-OCF falls into.
Tullow Oil's current Enterprise Value is GHS26,199 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tullow Oil's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was GHS3,723 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.
Tullow Oil (XGHA:TLW) has a EV-to-OCF of 7.04 as of Aug. 22, 2026. This is 26% above median its historical median of 5.59. Over the past decade, Tullow Oil's EV-to-OCF has ranged from 2.97 to 17.30. According to the industry distribution chart, Tullow Oil ranks #560 out of 1024 companies in the Oil & Gas industry, placing it in the top 54.7%.
Is Tullow Oil's EV-to-OCF too high?
Tullow Oil's current EV-to-OCF of 7.04 is 26% above median its 10-year median of 5.59. Over the past 10 years, this metric has ranged from a low of 2.97 to a high of 17.30. The Oil & Gas industry median EV-to-OCF is 5.68. Tullow Oil's value of 7.04 is 23.9% above this industry median. Based on the distribution chart, Tullow Oil ranks #560 out of 1024 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Tullow Oil has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tullow Oil's EV-to-OCF compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tullow Oil ranks #560 out of 1024 companies for EV-to-OCF. This places Tullow Oil in the lower half of its industry. The industry median EV-to-OCF is 5.68. Tullow Oil's value of 7.04 is 23.9% above this benchmark. Historically, Tullow Oil's own EV-to-OCF has ranged from 2.97 to 17.30 over the past decade. While the company's 10-year median is 5.59 vs. the industry median of 5.68, Tullow Oil 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 Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.68, based on 1,024 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. Tullow Oil's current EV-to-OCF of 7.04 is 23.9% 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 Oil & Gas industry, the median EV-to-OCF is 5.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tullow Oil's current EV-to-OCF is 7.04, which is 26% above median its own 10-year median of 5.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tullow Oil stock overvalued right now?
Based on GuruFocus' analysis, Tullow Oil (XGHA:TLW) is currently considered Possible Value Trap. The stock's GF Value™ is GHS9.02, compared to a current price of GHS13.11 — trading 45.3% above its estimated fair value. The current EV-to-OCF is 7.04, which is 26% above median its 10-year median of 5.59 and 23.9% above the Oil & Gas industry median of 5.68. Tullow Oil's overall GF Score™ is 35/100 with 8 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 Tullow Oil (XGHA:TLW), the current EV-to-OCF is 7.04 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 Tullow Oil (XGHA:TLW) Overvalued in 2026?
Based on GuruFocus' analysis, Tullow Oil stock appears to be overvalued.
The current stock price of GHS13.11 is trading 45.3% above its estimated GF Value™ of GHS9.02.
GuruFocus considers Tullow Oil to be Possible Value Trap.
Key valuation signals for XGHA:TLW:
EV-to-OCF: 7.04 (26% above median its 10-year median of 5.59)
GF Value™: GHS9.02 vs. price of GHS13.11 (45.3% above fair value)
Industry Position: 23.9% above the Oil & Gas median (#560 of 1024)
No single metric tells the full story. See the XGHA:TLW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in the African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus on offshore fields. Assets used in oil and gas production are acquired through licenses. The company generates revenue from natural gas and crude oil sales. Its reportable segments are: Ghana, which generates key revenue, and the other segment.
35GF Score
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