Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Cochlear's Enterprise Value is €4,721 Mil.
Cochlear's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €264 Mil. Therefore, Cochlear's EV-to-EBIT ratio for today is 17.87.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Cochlear's Enterprise Value is €4,721 Mil.
Cochlear's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €320 Mil. Therefore, Cochlear's EV-to-EBITDA ratio for today is 14.76.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Cochlear's Enterprise Value is €4,721 Mil.
Cochlear's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €1,323 Mil. Therefore, Cochlear's EV-to-Revenue ratio for today is 3.57.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Cochlear's Enterprise Value is €4,721 Mil.
Cochlear's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €94 Mil. Therefore, Cochlear's EV-to-FCF ratio for today is 50.38.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Cochlear (HAM:OC5) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Cochlear's current Enterprise Value is €4,721 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cochlear's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €264 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Cochlear's current Enterprise Value is €4,721 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cochlear's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €320 Mil.
Cochlear's current Enterprise Value is €4,721 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cochlear's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €1,323 Mil.
Cochlear's current Enterprise Value is €4,721 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cochlear's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €150 Mil.
Cochlear's current Enterprise Value is €4,721 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cochlear's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €94 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.
Cochlear Enterprise Value Related Terms
Cochlear Enterprise Value Historical Data
* Premium members only.
The historical data trend for Cochlear's Enterprise Value 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.
HAM:OC5 vs ABT, SYK, MDT: Enterprise Value Comparison
For the Medical Devices subindustry, Cochlear's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Cochlear Enterprise Value vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Cochlear's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Cochlear's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Cochlear's Enterprise Value for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Cochlear (HAM:OC5) has a Enterprise Value of €4,721 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Cochlear and its competitors.
Is Cochlear's Enterprise Value too high?
Cochlear's current Enterprise Value is €4,721 Mil. Overall, Cochlear has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cochlear's Enterprise Value compare to ABT and SYK?
Cochlear's Enterprise Value of €4,721 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Medical Devices & Instruments company?
A good Enterprise Value depends on the Medical Devices & Instruments industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Cochlear and its competitors. Cochlear's current Enterprise Value is €4,721 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cochlear stock overvalued right now?
Based on GuruFocus' analysis, Cochlear (HAM:OC5) is currently considered Significantly Undervalued. The stock's GF Value™ is €187.78, compared to a current price of €71.24 — trading 62.1% below its estimated fair value. The current Enterprise Value is €4,721 Mil. Cochlear's overall GF Score™ is 71/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Cochlear (HAM:OC5), the current Enterprise Value is €4,721 Mil as of Jun. 29, 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 Cochlear (HAM:OC5) Overvalued in 2026?
Based on GuruFocus' analysis, Cochlear stock appears to be undervalued.
The current stock price of €71.24 is trading 62.1% below its estimated GF Value™ of €187.78.
GuruFocus considers Cochlear to be Significantly Undervalued.
Key valuation signals for HAM:OC5:
Enterprise Value: €4,721 Mil
GF Value™: €187.78 vs. price of €71.24 (62.1% below fair value)
No single metric tells the full story. See the HAM:OC5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cochlear is the leading cochlear implant device manufacturer, with around 60% global market share. Developed markets contribute 80% of group revenue, where cochlear implants are the standard of care for children with severe-to-profound hearing loss. The company also actively targets the growing cohort of seniors in developed markets. Tender-oriented emerging markets contribute the remaining 20% of group revenue. Main products include cochlear implants, bone-anchored hearing aids, and associated sound processors. In fiscal 2025, 49% of revenue came from the Americas, 34% from Europe, the Middle East, and Africa, and 18% from the Asia-Pacific segment.
71GF Score
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