Fonterra Co-operative Group (NZSE:FCG) EV-to-EBIT: 9.67 (As of Aug. 21, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NZSE:FCG Fonterra Co-operative Group Ltd NZSE:FCG
65 GF Score
Price NZ$4.42
GF Value NZ$2.99
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Fonterra Co-operative Group EV-to-EBIT?

Fonterra Co-operative Group NZSE:FCG +0.45% 65 EV-to-EBIT is 9.67 as of Aug. 21, 2026, which is 1% above its 10-year median of 9.53. GuruFocus rates NZSE:FCG with a GF Score™ of 65/100 and a GF Value™ of NZ$2.99 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,562 Consumer Packaged Goods companies, Fonterra Co-operative Group ranks better than 62.42% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Fonterra Co-operative Group's Enterprise Value is NZ$15,875 Mil. Fonterra Co-operative Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2026 was NZ$1,641 Mil. Therefore, Fonterra Co-operative Group's EV-to-EBIT for today is 9.67.

The historical rank and industry rank for Fonterra Co-operative Group's EV-to-EBIT or its related term are showing as below:

NZSE:FCG' s EV-to-EBIT Range Over the Past 10 Years
Min: 3.45   Med: 9.53   Max: 51.91
Current: 9.67

During the past 13 years, the highest EV-to-EBIT of Fonterra Co-operative Group was 51.91. The lowest was 3.45. And the median was 9.53.

NZSE:FCG's EV-to-EBIT is ranked better than
62.42% of 1562 companies
in the Consumer Packaged Goods industry
Industry Median: 12.15 vs NZSE:FCG: 9.67

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Fonterra Co-operative Group's Enterprise Value for the quarter that ended in Jan. 2026 was NZ$14,848 Mil. Fonterra Co-operative Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2026 was NZ$1,641 Mil. Fonterra Co-operative Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 11.05%.


Fonterra Co-operative Group  (NZSE:FCG) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Fonterra Co-operative Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jan. 2026 ) =EBIT / Enterprise Value (Q: Jan. 2026 )
=1641/14847.975571238
=11.05 %

Fonterra Co-operative Group's Enterprise Value for the quarter that ended in Jan. 2026 was NZ$14,848 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fonterra Co-operative Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2026 was NZ$1,641 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.


Fonterra Co-operative Group EV-to-EBIT Related Terms


Fonterra Co-operative Group EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Fonterra Co-operative Group's EV-to-EBIT 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.

Fonterra Co-operative Group EV-to-EBIT Chart

Fonterra Co-operative Group Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.33 9.27 4.13 5.60 6.75

Fonterra Co-operative Group Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
EV-to-EBIT 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 5.60 0.00 6.75 0.00

NZSE:FCG vs KHC, GIS, HRL: EV-to-EBIT Comparison

For the Packaged Foods subindustry, Fonterra Co-operative Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Fonterra Co-operative Group EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fonterra Co-operative Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fonterra Co-operative Group's EV-to-EBIT falls into.


NZSE:FCG
65GF Score
Fonterra Co-operative Group Ltd NZSE:FCG
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fonterra Co-operative Group EV-to-EBIT Calculation

Fonterra Co-operative Group's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=15874.658/1641
=9.67

Fonterra Co-operative Group's current Enterprise Value is NZ$15,875 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fonterra Co-operative Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2026 was NZ$1,641 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 9.67 mean?
Fonterra Co-operative Group (NZSE:FCG) has a EV-to-EBIT of 9.67 as of Aug. 21, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Fonterra Co-operative Group and its competitors. This is near median its historical median of 9.53. Over the past decade, Fonterra Co-operative Group's EV-to-EBIT has ranged from 3.45 to 51.91. According to the industry distribution chart, Fonterra Co-operative Group ranks #587 out of 1562 companies in the Consumer Packaged Goods industry, placing it in the top 37.6%.
Is Fonterra Co-operative Group's EV-to-EBIT too high?
Fonterra Co-operative Group's current EV-to-EBIT of 9.67 is near median its 10-year median of 9.53. Over the past 10 years, this metric has ranged from a low of 3.45 to a high of 51.91. The Consumer Packaged Goods industry median EV-to-EBIT is 12.15. Fonterra Co-operative Group's value of 9.67 is 20.4% below this industry median. Based on the distribution chart, Fonterra Co-operative Group ranks #587 out of 1562 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Fonterra Co-operative Group has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fonterra Co-operative Group's EV-to-EBIT compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Fonterra Co-operative Group ranks #587 out of 1562 companies for EV-to-EBIT. This puts Fonterra Co-operative Group in the upper half of its industry. The industry median EV-to-EBIT is 12.15. Fonterra Co-operative Group's value of 9.67 is 20.4% below this benchmark. Historically, Fonterra Co-operative Group's own EV-to-EBIT has ranged from 3.45 to 51.91 over the past decade. While the company's 10-year median is 9.53 vs. the industry median of 12.15, Fonterra Co-operative Group 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 EV-to-EBIT for a Consumer Packaged Goods company?
The median EV-to-EBIT among Consumer Packaged Goods companies is 12.15, based on 1,562 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fonterra Co-operative Group's current EV-to-EBIT of 9.67 is 20.4% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Fonterra Co-operative Group and its competitors. For the Consumer Packaged Goods industry, the median EV-to-EBIT is 12.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fonterra Co-operative Group's current EV-to-EBIT is 9.67, which is near median its own 10-year median of 9.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fonterra Co-operative Group stock overvalued right now?
Based on GuruFocus' analysis, Fonterra Co-operative Group (NZSE:FCG) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$2.99, compared to a current price of NZ$4.42 — trading 47.8% above its estimated fair value. The current EV-to-EBIT is 9.67, which is near median its 10-year median of 9.53 and 20.4% below the Consumer Packaged Goods industry median of 12.15. Fonterra Co-operative Group's overall GF Score™ is 65/100 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-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Fonterra Co-operative Group (NZSE:FCG), the current EV-to-EBIT is 9.67 as of Aug. 21, 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 Fonterra Co-operative Group (NZSE:FCG) Overvalued in 2026?

Based on GuruFocus' analysis, Fonterra Co-operative Group stock appears to be overvalued. The current stock price of NZ$4.42 is trading 47.8% above its estimated GF Value™ of NZ$2.99. GuruFocus considers Fonterra Co-operative Group to be Significantly Overvalued.

Key valuation signals for NZSE:FCG:

  • EV-to-EBIT: 9.67 (near median its 10-year median of 9.53)
  • GF Value™: NZ$2.99 vs. price of NZ$4.42 (47.8% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 20.4% below the Consumer Packaged Goods median (#587 of 1562)

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


Fonterra Co-operative Group Business Description

Address 109 Fanshawe Street, Auckland Central, Auckland, NTL, NZL, 1010
Fonterra Co-operative Group Ltd operates predominantly in the international dairy industry. The company is involved in the collection, manufacture, and sale of milk and milk-derived products through its ingredients, Consumer and Foodservice channels. The company's reportable segments are Global Markets, Greater China, and Core Operations and the majority of the revenue is generated from its core operations segment. Its primary geographic markets is Asia, China, Australia, New Zealand, the United States, and the Rest of the world.
65GF Score

Get the complete analysis for NZSE:FCG

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$4.42
Price
NZ$2.99
GF Value