Fulcrum Metals (FRA:J2M) EV-to-EBITDA: -23.84 (As of Aug. 15, 2026)

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.

What is Fulcrum Metals EV-to-EBITDA?

Fulcrum Metals FRA:J2M +0.73% EV-to-EBITDA is -23.84 as of Aug. 15, 2026. The stock has 3 warning signs investors should review. Among 696 Metals & Mining companies, Fulcrum Metals ranks worse than 143678.02% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Fulcrum Metals's enterprise value is €12.90 Mil. Fulcrum Metals's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.54 Mil. Therefore, Fulcrum Metals's EV-to-EBITDA for today is -23.84.

The historical rank and industry rank for Fulcrum Metals's EV-to-EBITDA or its related term are showing as below:

FRA:J2M' s EV-to-EBITDA Range Over the Past 10 Years
Min: -24.66   Med: 0   Max: 0
Current: -23

FRA:J2M's EV-to-EBITDA is ranked worse than
100% of 696 companies
in the Metals & Mining industry
Industry Median: 10.37 vs FRA:J2M: -23.00

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-15), Fulcrum Metals's stock price is €0.069. Fulcrum Metals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.008. Therefore, Fulcrum Metals's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Fulcrum Metals  (FRA:J2M) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. 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.

Fulcrum Metals's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.069/-0.008
=At Loss

Fulcrum Metals's share price for today is €0.069.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fulcrum Metals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.008.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Fulcrum Metals EV-to-EBITDA Related Terms


Fulcrum Metals EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Fulcrum Metals's EV-to-EBITDA 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.

Fulcrum Metals EV-to-EBITDA Chart

Fulcrum Metals Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial 0.00 0.00 -4.65 -4.74 -15.83

Fulcrum Metals Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Sep23 Jun24 Dec24 Jun25 Dec25
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 -4.74 0.00 -15.83

FRA:J2M vs HL: EV-to-EBITDA Comparison

For the Other Precious Metals & Mining subindustry, Fulcrum Metals's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.


Fulcrum Metals EV-to-EBITDA vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fulcrum Metals's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Fulcrum Metals's EV-to-EBITDA falls into.



Fulcrum Metals EV-to-EBITDA Calculation

Fulcrum Metals's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=12.897/-0.541
=-23.84

Fulcrum Metals's current Enterprise Value is €12.90 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fulcrum Metals's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.54 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-EBITDA →
What does a EV-to-EBITDA of -23.84 mean?
Fulcrum Metals (FRA:J2M) has a EV-to-EBITDA of -23.84 as of Aug. 15, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Fulcrum Metals. According to the industry distribution chart, Fulcrum Metals ranks #999999 out of 696 companies in the Metals & Mining industry.
Is Fulcrum Metals' EV-to-EBITDA too high?
Fulcrum Metals' current EV-to-EBITDA is -23.84. Based on the distribution chart, Fulcrum Metals ranks #999999 out of 696 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Fulcrum Metals' EV-to-EBITDA compare to HL?
According to the Metals & Mining industry distribution chart, Fulcrum Metals ranks #999999 out of 696 companies for EV-to-EBITDA. This places Fulcrum Metals in the lower half of its industry. The industry median EV-to-EBITDA is 10.37. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Metals & Mining company?
The median EV-to-EBITDA among Metals & Mining companies is 10.37, based on 696 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Fulcrum Metals. For the Metals & Mining industry, the median EV-to-EBITDA is 10.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fulcrum Metals's current EV-to-EBITDA is -23.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulcrum Metals stock overvalued right now?
Fulcrum Metals (FRA:J2M) has a current EV-to-EBITDA of -23.84. The current EV-to-EBITDA is -23.84. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Fulcrum Metals (FRA:J2M), the current EV-to-EBITDA is -23.84 as of Aug. 15, 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.

Fulcrum Metals Business Description

Other Exchanges FMET:UK
Address Isidore Road, Unit 58, Basepoint Business Centre, Bromsgrove Enterprise park, Bromsgrove, Worcestershire, GBR, B60 3ET
Fulcrum Metals Plc is a multi-commodity minerals exploration company. The company has a portfolio of highly prospective assets at different stages of development but it's strategic focus is on the reprocessing of tailings (mine waste) at its Teck-Hughes and Sylvanite gold tailings projects, located in Kirkland Lake, Ontario. Its other projects include: Tully; Charlot-Neely Lake; Tocheri Lake; Fontaine Lake; Dog Lake; and Winston Lake.