DOCMF (Dr. Martens) Price-to-Operating-Cash-Flow: 5.48 (As of Sep. 10, 2026) — 51% Below Median

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Director of Data and Quant Analytics at GuruFocus
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DOCMF Dr. Martens PLC DOCMF
55 GF Score
Price $1.09
GF Value $0.98
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Dr. Martens Price-to-Operating-Cash-Flow?

Dr. Martens DOCMF -2.06% 55 Price-to-Operating-Cash-Flow is 5.48 as of Sep. 10, 2026, which is 51% below its 10-year median of 11.12. GuruFocus rates DOCMF with a GF Score™ of 55/100 and a GF Value™ of $0.98 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 775 Manufacturing - Apparel & Accessories companies, Dr. Martens ranks better than 74.45% on this metric.

As of today (2026-09-10), Dr. Martens's share price is $1.085. Dr. Martens's Cash Flow from Operations per share for the trailing twelve months (TTM) ended in Mar. 2026 was $0.20. Hence, Dr. Martens's Price-to-Operating-Cash-Flow Ratio for today is 5.48.

The historical rank and industry rank for Dr. Martens's Price-to-Operating-Cash-Flow or its related term are showing as below:

DOCMF' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.43   Med: 11.12   Max: 41.32
Current: 4.83

During the past 9 years, Dr. Martens's highest Price-to-Operating-Cash-Flow Ratio was 41.32. The lowest was 2.43. And the median was 11.12.

DOCMF's Price-to-Operating-Cash-Flow is ranked better than
74.45% of 775 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 9.15 vs DOCMF: 4.83

Dr. Martens's Cash Flow from Operations per share for the six months ended in Mar. 2026 was $0.21. Its Cash Flow from Operations per share for the trailing twelve months (TTM) ended in Mar. 2026 was $0.20.

During the past 12 months, the average Operating Cash Flow per Share Growth Rate of Dr. Martens was -27.70% per year. During the past 3 years, the average Operating Cash Flow per Share Growth Rate was 26.00% per year. During the past 5 years, the average Operating Cash Flow per Share Growth Rate was 2.00% per year.

During the past 9 years, Dr. Martens's highest 3-Year average Operating Cash Flow per Share Growth Rate was 51.20% per year. The lowest was -15.50% per year. And the median was 14.60% per year.


Dr. Martens Price-to-Operating-Cash-Flow Historical Data

* Premium members only.

The historical data trend for Dr. Martens's Price-to-Operating-Cash-Flow 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.

Dr. Martens Price-to-Operating-Cash-Flow Chart

Dr. Martens Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Price-to-Operating-Cash-Flow
Get a 7-Day Free Trial Premium Member Only 12.98 19.49 5.16 2.52 4.31

Dr. Martens Semi-Annual Data
Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Price-to-Operating-Cash-Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.16 0.00 2.52 0.00 4.31

DOCMF vs NKE, DECK, ONON: Price-to-Operating-Cash-Flow Comparison

For the Footwear & Accessories subindustry, Dr. Martens's Price-to-Operating-Cash-Flow, along with its competitors' market caps and Price-to-Operating-Cash-Flow 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.


Dr. Martens Price-to-Operating-Cash-Flow vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Dr. Martens's Price-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Dr. Martens's Price-to-Operating-Cash-Flow falls into.


DOCMF
55GF Score
Dr. Martens PLC DOCMF
Price-to-Operating-Cash-Flow is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dr. Martens Price-to-Operating-Cash-Flow Calculation

Dr. Martens's Price-to-Operating-Cash-Flow ratio for today is calculated as

Price-to-Operating-Cash-Flow Ratio=Share Price/Cash Flow from Operations per share (TTM)
=1.085/0.198
=5.48

Dr. Martens's Share Price of today is $1.085.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Dr. Martens's Cash Flow from Operations per share for the trailing twelve months (TTM) ended in Mar. 2026 was $0.20.

* 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.

Note: Cash Flow from Operations per share is calculated as Cash Flow from Operations divided by Shares Outstanding (Diluted Average).

It can also be calculated from the numbers for the whole company:

Price-to-Operating-Cash-Flow Ratio=Market Cap/Cash Flow from Operations
What does a Price-to-Operating-Cash-Flow of 5.48 mean?
Dr. Martens (DOCMF) has a Price-to-Operating-Cash-Flow of 5.48 as of Sep. 10, 2026. Price-to-operating-cash-flow ratio is the ratio of share price to a company's per-share cash from operations. View historical data on Dr. Martens and its competitors. This is 51% below median its historical median of 11.12. Over the past decade, Dr. Martens' Price-to-Operating-Cash-Flow has ranged from 2.43 to 41.32. According to the industry distribution chart, Dr. Martens ranks #198 out of 775 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 25.5%.
Is Dr. Martens' Price-to-Operating-Cash-Flow too high?
Dr. Martens' current Price-to-Operating-Cash-Flow of 5.48 is 51% below median its 10-year median of 11.12. Over the past 10 years, this metric has ranged from a low of 2.43 to a high of 41.32. The Manufacturing - Apparel & Accessories industry median Price-to-Operating-Cash-Flow is 9.15. Dr. Martens' value of 5.48 is 40.1% below this industry median. Based on the distribution chart, Dr. Martens ranks #198 out of 775 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Dr. Martens has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dr. Martens' Price-to-Operating-Cash-Flow compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Dr. Martens ranks #198 out of 775 companies for Price-to-Operating-Cash-Flow. This puts Dr. Martens in the upper half of its industry. The industry median Price-to-Operating-Cash-Flow is 9.15. Dr. Martens' value of 5.48 is 40.1% below this benchmark. Historically, Dr. Martens' own Price-to-Operating-Cash-Flow has ranged from 2.43 to 41.32 over the past decade. While the company's 10-year median is 11.12 vs. the industry median of 9.15, Dr. Martens has consistently been below 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 Price-to-Operating-Cash-Flow for a Manufacturing - Apparel & Accessories company?
The median Price-to-Operating-Cash-Flow among Manufacturing - Apparel & Accessories companies is 9.15, based on 775 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dr. Martens's current Price-to-Operating-Cash-Flow of 5.48 is 40.1% below 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 Price-to-Operating-Cash-Flow mean?
A high Price-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Price-to-operating-cash-flow ratio is the ratio of share price to a company's per-share cash from operations. View historical data on Dr. Martens and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Price-to-Operating-Cash-Flow is 9.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dr. Martens's current Price-to-Operating-Cash-Flow is 5.48, which is 51% below median its own 10-year median of 11.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dr. Martens stock overvalued right now?
Based on GuruFocus' analysis, Dr. Martens (DOCMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.98, compared to a current price of $1.09 — trading 10.7% above its estimated fair value. The current Price-to-Operating-Cash-Flow is 5.48, which is 51% below median its 10-year median of 11.12 and 40.1% below the Manufacturing - Apparel & Accessories industry median of 9.15. Dr. Martens' overall GF Score™ is 55/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Operating-Cash-Flow calculated?
Price-to-Operating-Cash-Flow is calculated from a company's financial statements. For Dr. Martens (DOCMF), the current Price-to-Operating-Cash-Flow is 5.48 as of Sep. 10, 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 Dr. Martens (DOCMF) Overvalued in 2026?

Based on GuruFocus' analysis, Dr. Martens stock appears to be overvalued. The current stock price of $1.09 is trading 10.7% above its estimated GF Value™ of $0.98. GuruFocus considers Dr. Martens to be Modestly Overvalued.

Key valuation signals for DOCMF:

  • Price-to-Operating-Cash-Flow: 5.48 (51% below median its 10-year median of 11.12)
  • GF Value™: $0.98 vs. price of $1.09 (10.7% above fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 40.1% below the Manufacturing - Apparel & Accessories median (#198 of 775)

No single metric tells the full story. See the DOCMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dr. Martens Business Description

Address 28 Jamestown Road, Camden, London, GBR, NW1 7BY
Dr. Martens PLC is engaged in the footwear business. Its product segments include Originals, Fusion, Kids and Casual, and a complementary range of Accessories. The company has sales through E-commerce, Retail, and Wholesale of Products. Geographically, it derives the majority of its revenue from EMEA and has a presence in the Americas and APAC.
55GF Score

Get the complete analysis for DOCMF

Price-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.09
Price
$0.98
GF Value