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EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Ondas's Enterprise Value is CHF2,783.9 Mil.
Ondas's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was CHF-128.1 Mil. Therefore, Ondas's EV-to-OCF for today is -21.74.
The historical rank and industry rank for Ondas's EV-to-OCF or its related term are showing as below:
XSWX:ONDS'
s EV-to-OCF Range Over the Past 10 Years
Min: -121.03 Med: -13.78 Max: -1.09
Current: -23.1
During the past 11 years, the highest EV-to-OCF of Ondas was -1.09. The lowest was -121.03. And the median was -13.78.
XSWX:ONDS's EV-to-OCF is ranked better than 82.95% of 2498
companies
in the Hardware industry
Industry Median: 8.35
vs XSWX:ONDS: -23.10
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.
As of today (2026-08-20), Ondas's stock price is CHF7.177.
Ondas's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was CHF0.054. Therefore, Ondas's PE Ratio (TTM) for today is 132.91.
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.
Ondas's share price for today is CHF7.177.
Ondas'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 CHF0.054.
* 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.
Ondas EV-to-OCF Related Terms
Ondas EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Ondas'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.
XSWX:ONDS vs BDC, EXTR, VISN: EV-to-OCF Comparison
For the Communication Equipment subindustry, Ondas'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.
Ondas EV-to-OCF vs Hardware Industry
For the Hardware industry and Technology sector, Ondas's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Ondas's EV-to-OCF falls into.
Ondas's current Enterprise Value is CHF2,783.9 Mil.
Ondas'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 CHF-128.1 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.
Ondas (XSWX:ONDS) has a EV-to-OCF of -21.74 as of Aug. 20, 2026. According to the industry distribution chart, Ondas ranks #426 out of 2498 companies in the Hardware industry, placing it in the top 17.1%.
Is Ondas' EV-to-OCF too high?
Ondas' current EV-to-OCF is -21.74. Based on the distribution chart, Ondas ranks #426 out of 2498 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ondas has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Ondas' EV-to-OCF compare to BDC and EXTR?
According to the Hardware industry distribution chart, Ondas ranks #426 out of 2498 companies for EV-to-OCF. This places Ondas in the top 17% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 8.35. 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 Hardware company?
The median EV-to-OCF among Hardware companies is 8.35, based on 2,498 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. 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 Hardware industry, the median EV-to-OCF is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ondas's current EV-to-OCF is -21.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ondas stock overvalued right now?
Ondas (XSWX:ONDS) has a current EV-to-OCF of -21.74. The stock's GF Value™ is CHF4.02, compared to a current price of CHF7.18 — trading 78.5% above its estimated fair value. The current EV-to-OCF is -21.74. Ondas' overall GF Score™ is 68/100 with 9 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 Ondas (XSWX:ONDS), the current EV-to-OCF is -21.74 as of Aug. 20, 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 Ondas (XSWX:ONDS) Overvalued in 2026?
Based on GuruFocus' analysis, Ondas stock appears to be overvalued.
The current stock price of CHF7.18 is trading 78.5% above its estimated GF Value™ of CHF4.02.
Key valuation signals for XSWX:ONDS:
EV-to-OCF: -21.74
GF Value™: CHF4.02 vs. price of CHF7.18 (78.5% above fair value)
No single metric tells the full story. See the XSWX:ONDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ondas Inc designs, develops, manufactures, sells, and supports FullMAX Software Defined Radio (SDR) technology in the United States, Israel, and India. The company operates in two business segments namely Ondas Networks and Ondas Autonomous Systems. The company generates maximum revenue from Ondas Autonomous Systems through the sales of the Optimus system and separately priced support, maintenance, and ancillary services related to the sale of the Optimus system. Geographically, the company operates in Israel, Germany, United Arab Emirates, United States, and Other Countries. It derives maximum revenue from Israel.
68GF Score
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