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EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Plug Power's Enterprise Value is CHF3,106.2 Mil.
Plug Power's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was CHF-464.1 Mil. Therefore, Plug Power's EV-to-OCF for today is -6.69.
The historical rank and industry rank for Plug Power's EV-to-OCF or its related term are showing as below:
XSWX:PLUG'
s EV-to-OCF Range Over the Past 10 Years
Min: -184.08 Med: -9.23 Max: -2.12
Current: -6.61
During the past 13 years, the highest EV-to-OCF of Plug Power was -2.12. The lowest was -184.08. And the median was -9.23.
XSWX:PLUG's EV-to-OCF is ranked better than 79.14% of 3073
companies
in the Industrial Products industry
Industry Median: 11.83
vs XSWX:PLUG: -6.61
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.
Plug Power's share price for today is CHF1.806.
Plug Power'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 CHF-1.102.
* 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.
Plug Power EV-to-OCF Related Terms
Plug Power EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Plug Power'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 Electrical Equipment & Parts subindustry, Plug Power'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.
Plug Power EV-to-OCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Plug Power's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Plug Power's EV-to-OCF falls into.
Plug Power's current Enterprise Value is CHF3,106.2 Mil.
Plug Power'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 CHF-464.1 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.
Plug Power (XSWX:PLUG) has a EV-to-OCF of -6.69 as of Jul. 14, 2026. According to the industry distribution chart, Plug Power ranks #641 out of 3073 companies in the Industrial Products industry, placing it in the top 20.9%.
Is Plug Power's EV-to-OCF too high?
Plug Power's current EV-to-OCF is -6.69. Based on the distribution chart, Plug Power ranks #641 out of 3073 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Plug Power has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Plug Power's EV-to-OCF compare to HAYW and ATKR?
According to the Industrial Products industry distribution chart, Plug Power ranks #641 out of 3073 companies for EV-to-OCF. This places Plug Power in the top 21% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 11.83. 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 Industrial Products company?
The median EV-to-OCF among Industrial Products companies is 11.83, based on 3,073 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 Industrial Products industry, the median EV-to-OCF is 11.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plug Power's current EV-to-OCF is -6.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plug Power stock overvalued right now?
Plug Power (XSWX:PLUG) has a current EV-to-OCF of -6.69. The stock's GF Value™ is CHF1.27, compared to a current price of CHF1.81 — trading 42.2% above its estimated fair value. The current EV-to-OCF is -6.69. Plug Power's overall GF Score™ is 45/100 with 6 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 Plug Power (XSWX:PLUG), the current EV-to-OCF is -6.69 as of Jul. 14, 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 Plug Power (XSWX:PLUG) Overvalued in 2026?
Based on GuruFocus' analysis, Plug Power stock appears to be overvalued.
The current stock price of CHF1.81 is trading 42.2% above its estimated GF Value™ of CHF1.27.
Key valuation signals for XSWX:PLUG:
EV-to-OCF: -6.69
GF Value™: CHF1.27 vs. price of CHF1.81 (42.2% above fair value)
No single metric tells the full story. See the XSWX:PLUG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plug Power Inc is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
45GF Score
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