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adidas AGXSWX:ADS +0.68%81 EV-to-OCF is 27.13 as of Jul. 19, 2026, which is 31% above its 10-year median of 20.70. GuruFocus rates XSWX:ADS with a GF Score™ of 81/100 and a GF Value™ of CHF192.35 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,067 Manufacturing - Apparel & Accessories companies, adidas AG ranks worse than 83.04% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, adidas AG's Enterprise Value is CHF34,042 Mil.
adidas AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was CHF1,255 Mil. Therefore, adidas AG's EV-to-OCF for today is 27.13.
The historical rank and industry rank for adidas AG's EV-to-OCF or its related term are showing as below:
XSWX:ADS'
s EV-to-OCF Range Over the Past 10 Years
Min: -70.46 Med: 20.7 Max: 188.3
Current: 27.67
During the past 13 years, the highest EV-to-OCF of adidas AG was 188.30. The lowest was -70.46. And the median was 20.70.
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.
adidas AG's share price for today is CHF169.30.
adidas AG'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 CHF7.258.
* 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.
adidas AG EV-to-OCF Related Terms
adidas AG EV-to-OCF Historical Data
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The historical data trend for adidas AG'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 Footwear & Accessories subindustry, adidas AG'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.
adidas AG EV-to-OCF vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where adidas AG's EV-to-OCF falls into.
adidas AG's current Enterprise Value is CHF34,042 Mil.
adidas AG'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 CHF1,255 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.
adidas AG (XSWX:ADS) has a EV-to-OCF of 27.13 as of Jul. 19, 2026. This is 31% above median its historical median of 20.70. According to the industry distribution chart, adidas AG ranks #886 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 83%.
Is adidas AG's EV-to-OCF too high?
adidas AG's current EV-to-OCF of 27.13 is 31% above median its 10-year median of 20.70. The Manufacturing - Apparel & Accessories industry median EV-to-OCF is 6.80. adidas AG's value of 27.13 is 299% above this industry median. Based on the distribution chart, adidas AG ranks #886 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, adidas AG has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does adidas AG's EV-to-OCF compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, adidas AG ranks #886 out of 1067 companies for EV-to-OCF. This places adidas AG in the lower half of its industry. The industry median EV-to-OCF is 6.80. adidas AG's value of 27.13 is 299% above this benchmark. While the company's 10-year median is 20.70 vs. the industry median of 6.80, adidas AG 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 Manufacturing - Apparel & Accessories company?
The median EV-to-OCF among Manufacturing - Apparel & Accessories companies is 6.80, based on 1,067 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. adidas AG's current EV-to-OCF of 27.13 is 299% 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 Manufacturing - Apparel & Accessories industry, the median EV-to-OCF is 6.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. adidas AG's current EV-to-OCF is 27.13, which is 31% above median its own 10-year median of 20.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is adidas AG stock overvalued right now?
Based on GuruFocus' analysis, adidas AG (XSWX:ADS) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF192.35, compared to a current price of CHF169.30 — trading 12% below its estimated fair value. The current EV-to-OCF is 27.13, which is 31% above median its 10-year median of 20.70 and 299% above the Manufacturing - Apparel & Accessories industry median of 6.80. adidas AG's overall GF Score™ is 81/100 with 1 warning sign 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 adidas AG (XSWX:ADS), the current EV-to-OCF is 27.13 as of Jul. 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 adidas AG (XSWX:ADS) Overvalued in 2026?
Based on GuruFocus' analysis, adidas AG stock appears to be undervalued.
The current stock price of CHF169.30 is trading 12% below its estimated GF Value™ of CHF192.35.
GuruFocus considers adidas AG to be Modestly Undervalued.
Key valuation signals for XSWX:ADS:
EV-to-OCF: 27.13 (31% above median its 10-year median of 20.70)
GF Value™: CHF192.35 vs. price of CHF169.30 (12% below fair value)
Industry Position: 299% above the Manufacturing - Apparel & Accessories median (#886 of 1067)
No single metric tells the full story. See the XSWX:ADS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through about 2,000 owned retail stores, 15,000 Adidas-branded franchise stores (including about 8,000 in China), 150,000 wholesale doors, and an owned e-commerce site that is available in 67 countries. The company was founded in 1949 in Germany.
81GF Score
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