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AcerinoxXMAD:ACX +3.80%71 EV-to-OCF is 16.71 as of Aug. 04, 2026, which is 25% above its 10-year median of 13.41. GuruFocus rates XMAD:ACX with a GF Score™ of 71/100 and a GF Value™ of €10.71 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 635 Steel companies, Acerinox ranks worse than 74.8% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Acerinox's Enterprise Value is €5,871 Mil.
Acerinox's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €351 Mil. Therefore, Acerinox's EV-to-OCF for today is 16.71.
The historical rank and industry rank for Acerinox's EV-to-OCF or its related term are showing as below:
XMAD:ACX'
s EV-to-OCF Range Over the Past 10 Years
Min: -179.49 Med: 13.41 Max: 174.39
Current: 16.23
During the past 13 years, the highest EV-to-OCF of Acerinox was 174.39. The lowest was -179.49. And the median was 13.41.
XMAD:ACX's EV-to-OCF is ranked worse than 74.8% of 635
companies
in the Steel industry
Industry Median: 7.39
vs XMAD:ACX: 16.23
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.
Acerinox's share price for today is €18.04.
Acerinox'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 €0.317.
* 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.
Acerinox EV-to-OCF Related Terms
Acerinox EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Acerinox'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 Steel subindustry, Acerinox'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.
Acerinox EV-to-OCF vs Steel Industry
For the Steel industry and Basic Materials sector, Acerinox's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Acerinox's EV-to-OCF falls into.
Acerinox's current Enterprise Value is €5,871 Mil.
Acerinox'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 €351 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.
Acerinox (XMAD:ACX) has a EV-to-OCF of 16.71 as of Aug. 04, 2026. This is 25% above median its historical median of 13.41. According to the industry distribution chart, Acerinox ranks #475 out of 635 companies in the Steel industry, placing it in the top 74.8%.
Is Acerinox's EV-to-OCF too high?
Acerinox's current EV-to-OCF of 16.71 is 25% above median its 10-year median of 13.41. The Steel industry median EV-to-OCF is 7.39. Acerinox's value of 16.71 is 126.1% above this industry median. Based on the distribution chart, Acerinox ranks #475 out of 635 companies in the Steel industry, which is below the industry midpoint. Overall, Acerinox has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Acerinox's EV-to-OCF compare to NUE and STLD?
According to the Steel industry distribution chart, Acerinox ranks #475 out of 635 companies for EV-to-OCF. This places Acerinox in the lower half of its industry. The industry median EV-to-OCF is 7.39. Acerinox's value of 16.71 is 126.1% above this benchmark. While the company's 10-year median is 13.41 vs. the industry median of 7.39, Acerinox 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 Steel company?
The median EV-to-OCF among Steel companies is 7.39, based on 635 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. Acerinox's current EV-to-OCF of 16.71 is 126.1% 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 Steel industry, the median EV-to-OCF is 7.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Acerinox's current EV-to-OCF is 16.71, which is 25% above median its own 10-year median of 13.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acerinox stock overvalued right now?
Based on GuruFocus' analysis, Acerinox (XMAD:ACX) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.71, compared to a current price of €18.04 — trading 68.4% above its estimated fair value. The current EV-to-OCF is 16.71, which is 25% above median its 10-year median of 13.41 and 126.1% above the Steel industry median of 7.39. Acerinox's overall GF Score™ is 71/100 with 10 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 Acerinox (XMAD:ACX), the current EV-to-OCF is 16.71 as of Aug. 04, 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 Acerinox (XMAD:ACX) Overvalued in 2026?
Based on GuruFocus' analysis, Acerinox stock appears to be overvalued.
The current stock price of €18.04 is trading 68.4% above its estimated GF Value™ of €10.71.
GuruFocus considers Acerinox to be Significantly Overvalued.
Key valuation signals for XMAD:ACX:
EV-to-OCF: 16.71 (25% above median its 10-year median of 13.41)
GF Value™: €10.71 vs. price of €18.04 (68.4% above fair value)
Industry Position: 126.1% above the Steel median (#475 of 635)
No single metric tells the full story. See the XMAD:ACX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Acerinox SA is a Spain-based stainless steel maker engaged in the manufacture, processing, and marketing of stainless steel products and special alloys. The company operates in two segments; the Stainless steel segment which accounts for the majority of the company's revenue, includes both flat and long stainless steel products, and the High-performance alloys segment includes special alloys with high nickel content. This segment includes all the companies in the VDM Metals subgroup. Geographically, the company operates in Spain, the Rest of Europe, America, Africa, Asia, and Others.
71GF Score
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