L1 Long Short Fund (ASX:LSF) EV-to-FCF: -6.34 (As of Sep. 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.
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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.

ASX:LSF L1 Long Short Fund Ltd ASX:LSF
59 GF Score
Price A$4.82
GF Value A$15.95
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is L1 Long Short Fund EV-to-FCF?

L1 Long Short Fund ASX:LSF +1.47% 59 EV-to-FCF is -6.34 as of Sep. 15, 2026. GuruFocus rates ASX:LSF with a GF Score™ of 59/100 and a GF Value™ of A$15.95 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 926 Asset Management companies, L1 Long Short Fund ranks worse than 107991.25% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, L1 Long Short Fund's Enterprise Value is A$1,155.2 Mil. L1 Long Short Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was A$-182.1 Mil. Therefore, L1 Long Short Fund's EV-to-FCF for today is -6.34.

The historical rank and industry rank for L1 Long Short Fund's EV-to-FCF or its related term are showing as below:

ASX:LSF' s EV-to-FCF Range Over the Past 10 Years
Min: -6.83   Med: 0.21   Max: 9.12
Current: -5.86

During the past 8 years, the highest EV-to-FCF of L1 Long Short Fund was 9.12. The lowest was -6.83. And the median was 0.21.

ASX:LSF's EV-to-FCF is ranked worse than
100% of 926 companies
in the Asset Management industry
Industry Median: 13.59 vs ASX:LSF: -5.86

EV-to-FCF 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.

As of today (2026-09-15), L1 Long Short Fund's stock price is A$4.82. L1 Long Short Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was A$1.004. Therefore, L1 Long Short Fund's PE Ratio (TTM) for today is 4.80.


L1 Long Short Fund  (ASX:LSF) EV-to-FCF Explanation

EV-to-FCF 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.

L1 Long Short Fund's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=4.82/1.004
=4.80

L1 Long Short Fund's share price for today is A$4.82.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. L1 Long Short Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was A$1.004.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


L1 Long Short Fund EV-to-FCF Related Terms


L1 Long Short Fund EV-to-FCF Historical Data

* Premium members only.

The historical data trend for L1 Long Short Fund's EV-to-FCF 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.

L1 Long Short Fund EV-to-FCF Chart

L1 Long Short Fund Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
EV-to-FCF
Get a 7-Day Free Trial -6.95 -4.02 7.97 -19.19 17.91

L1 Long Short Fund Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

ASX:LSF vs BLK, BX, KKR: EV-to-FCF Comparison

For the Asset Management subindustry, L1 Long Short Fund's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.


L1 Long Short Fund EV-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, L1 Long Short Fund's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where L1 Long Short Fund's EV-to-FCF falls into.


ASX:LSF
59GF Score
L1 Long Short Fund Ltd ASX:LSF
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

L1 Long Short Fund EV-to-FCF Calculation

L1 Long Short Fund's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1155.163/-182.09
=-6.34

L1 Long Short Fund's current Enterprise Value is A$1,155.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. L1 Long Short Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was A$-182.1 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of -6.34 mean?
L1 Long Short Fund (ASX:LSF) has a EV-to-FCF of -6.34 as of Sep. 15, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on L1 Long Short Fund and its competitors. According to the industry distribution chart, L1 Long Short Fund ranks #999999 out of 926 companies in the Asset Management industry.
Is L1 Long Short Fund's EV-to-FCF too high?
L1 Long Short Fund's current EV-to-FCF is -6.34. Based on the distribution chart, L1 Long Short Fund ranks #999999 out of 926 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, L1 Long Short Fund has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does L1 Long Short Fund's EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, L1 Long Short Fund ranks #999999 out of 926 companies for EV-to-FCF. This places L1 Long Short Fund in the lower half of its industry. The industry median EV-to-FCF is 13.59. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 13.59, based on 926 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on L1 Long Short Fund and its competitors. For the Asset Management industry, the median EV-to-FCF is 13.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L1 Long Short Fund's current EV-to-FCF is -6.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L1 Long Short Fund stock overvalued right now?
Based on GuruFocus' analysis, L1 Long Short Fund (ASX:LSF) is currently considered Significantly Undervalued. The stock's GF Value™ is A$15.95, compared to a current price of A$4.82 — trading 69.8% below its estimated fair value. The current EV-to-FCF is -6.34. L1 Long Short Fund's overall GF Score™ is 59/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For L1 Long Short Fund (ASX:LSF), the current EV-to-FCF is -6.34 as of Sep. 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.

Is L1 Long Short Fund (ASX:LSF) Overvalued in 2026?

Based on GuruFocus' analysis, L1 Long Short Fund stock appears to be undervalued. The current stock price of A$4.82 is trading 69.8% below its estimated GF Value™ of A$15.95. GuruFocus considers L1 Long Short Fund to be Significantly Undervalued.

Key valuation signals for ASX:LSF:

  • EV-to-FCF: -6.34
  • GF Value™: A$15.95 vs. price of A$4.82 (69.8% below fair value)
  • GF Score™: 59/100 with 1 warning sign

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


L1 Long Short Fund Business Description

Address 101 Collins Street, Level 45, Melbourne, VIC, AUS, 3000
L1 Long Short Fund Ltd provides investors with access to an actively managed long and short portfolio of securities and the investment expertise of the manager. The company's investment process combines valuation with qualitative considerations to identify attractive investment opportunities. It operates in one industry, being the securities industry, deriving revenue from dividend and trust distribution income, interest income, and from the sale of its trading portfolio.
59GF Score

Get the complete analysis for ASX:LSF

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

A$4.82
Price
A$15.95
GF Value