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.
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.
First Capital SpAMIL:FIC +0.58%29 EV-to-OCF is 35.86 as of Aug. 13, 2026, which is 1017% above its 10-year median of 3.21. GuruFocus rates MIL:FIC with a GF Score™ of 29/100. The stock has 3 warning signs investors should review. Among 811 Capital Markets companies, First Capital SpA ranks worse than 91.37% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, First Capital SpA's Enterprise Value is €86.31 Mil.
First Capital SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €2.41 Mil. Therefore, First Capital SpA's EV-to-OCF for today is 35.86.
The historical rank and industry rank for First Capital SpA's EV-to-OCF or its related term are showing as below:
MIL:FIC'
s EV-to-OCF Range Over the Past 10 Years
Min: -9.95 Med: 3.21 Max: 43.78
Current: 36.15
During the past 13 years, the highest EV-to-OCF of First Capital SpA was 43.78. The lowest was -9.95. And the median was 3.21.
MIL:FIC's EV-to-OCF is ranked worse than 91.37% of 811
companies
in the Capital Markets industry
Industry Median: -0.1
vs MIL:FIC: 36.15
EV-to-OCF 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.
EV-to-OCF 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.
First Capital SpA's PE Ratio (TTM) for today is calculated as:
First Capital SpA's share price for today is €17.25.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. First Capital SpA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €4.524.
* 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. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
First Capital SpA EV-to-OCF Related Terms
First Capital SpA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for First Capital SpA's EV-to-OCF 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.
For the Capital Markets subindustry, First Capital SpA's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
First Capital SpA EV-to-OCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, First Capital SpA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where First Capital SpA's EV-to-OCF falls into.
First Capital SpA's current Enterprise Value is €86.31 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. First Capital SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €2.41 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.
First Capital SpA (MIL:FIC) has a EV-to-OCF of 35.86 as of Aug. 13, 2026. This is 1017% above median its historical median of 3.21. According to the industry distribution chart, First Capital SpA ranks #741 out of 811 companies in the Capital Markets industry, placing it in the top 91.4%.
Is First Capital SpA's EV-to-OCF too high?
First Capital SpA's current EV-to-OCF of 35.86 is 1017% above median its 10-year median of 3.21. Based on the distribution chart, First Capital SpA ranks #741 out of 811 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, First Capital SpA has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does First Capital SpA's EV-to-OCF compare to MS and GS?
According to the Capital Markets industry distribution chart, First Capital SpA ranks #741 out of 811 companies for EV-to-OCF. This places First Capital SpA in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Capital Markets company?
A good EV-to-OCF depends on the Capital Markets industry context. However, EV-to-OCF 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. First Capital SpA's current EV-to-OCF is 35.86, which is 1017% above median its own 10-year median of 3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Capital SpA stock overvalued right now?
First Capital SpA (MIL:FIC) has a current EV-to-OCF of 35.86. The current EV-to-OCF is 35.86, which is 1017% above median its 10-year median of 3.21. First Capital SpA's overall GF Score™ is 29/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For First Capital SpA (MIL:FIC), the current EV-to-OCF is 35.86 as of Aug. 13, 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.
First Capital SpA is an investment holding company specialising in Public Equity and Private Equity Investments, focused on Small-Medium Enterprises, with an active approach to managing investee companies. It seeks investment opportunities among companies in niche markets with skilled management teams and with sustainable development plans. The company is a long-term investor which contributes to an increase of its target companies' value over time, supporting entrepreneurs for the creation of successful strategies, also through the appointment of its candidates in the administrative and supervisory bodies.
29GF Score
Get the complete analysis for MIL:FIC
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:FIC has been successfully added to your 
