Firstrand (NAM:FST) EV-to-Revenue: 2.64 (As of Aug. 10, 2026) — 39% Below 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.

NAM:FST Firstrand Ltd NAM:FST
71 GF Score
Price R101.03
GF Value R86.91
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Firstrand EV-to-Revenue?

Firstrand NAM:FST -0.47% 71 EV-to-Revenue is 2.64 as of Aug. 10, 2026, which is 39% below its 10-year median of 4.34. GuruFocus rates NAM:FST with a GF Score™ of 71/100 and a GF Value™ of R86.91 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,522 Banks companies, Firstrand ranks better than 53.22% on this metric.

EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, Firstrand's enterprise value is R410,192 Mil. Firstrand's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was R155,399 Mil. Therefore, Firstrand's EV-to-Revenue for today is 2.64.

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

NAM:FST' s EV-to-Revenue Range Over the Past 10 Years
Min: 2.13   Med: 4.34   Max: 7.57
Current: 2.64

During the past 13 years, the highest EV-to-Revenue of Firstrand was 7.57. The lowest was 2.13. And the median was 4.34.

NAM:FST's EV-to-Revenue is ranked better than
53.22% of 1522 companies
in the Banks industry
Industry Median: 2.805 vs NAM:FST: 2.64

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

As of today (2026-08-10), Firstrand's stock price is R101.03. Firstrand's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was R27.79. Therefore, Firstrand's PS Ratio for today is 3.64.


Firstrand  (NAM:FST) EV-to-Revenue Explanation

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

Firstrand's PS Ratiofor today is calculated as:

PS Ratio=Share Price (Today)/Revenue per Share (TTM)
=101.03/27.791
=3.64

Firstrand's share price for today is R101.03.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. {COMPANY->company}'s Revenue per Sharefor the trailing twelve months (TTM) ended in Dec. 2025 was R27.79.

* 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.


Firstrand EV-to-Revenue Related Terms


Firstrand EV-to-Revenue Historical Data

* Premium members only.

The historical data trend for Firstrand's EV-to-Revenue 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.

Firstrand EV-to-Revenue Chart

Firstrand Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EV-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.89 2.33 4.07 3.84 3.58

Firstrand Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-Revenue 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 3.84 0.00 3.58 0.00

NAM:FST vs JPM, BAC, WFC: EV-to-Revenue Comparison

For the Banks - Diversified subindustry, Firstrand's EV-to-Revenue, along with its competitors' market caps and EV-to-Revenue 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.


Firstrand EV-to-Revenue vs Banks Industry

For the Banks industry and Financial Services sector, Firstrand's EV-to-Revenue distribution charts can be found below:

* The bar in red indicates where Firstrand's EV-to-Revenue falls into.


NAM:FST
71GF Score
Firstrand Ltd NAM:FST
EV-to-Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Firstrand EV-to-Revenue Calculation

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

Firstrand's EV-to-Revenue for today is calculated as:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=410191.795/155399
=2.64

Firstrand's current Enterprise Value is R410,192 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Firstrand's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was R155,399 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-Revenue →
What does a EV-to-Revenue of 2.64 mean?
Firstrand (NAM:FST) has a EV-to-Revenue of 2.64 as of Aug. 10, 2026. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Firstrand and its competitors. This is 39% below median its historical median of 4.34. Over the past decade, Firstrand's EV-to-Revenue has ranged from 2.13 to 7.57. According to the industry distribution chart, Firstrand ranks #712 out of 1522 companies in the Banks industry, placing it in the top 46.8%.
Is Firstrand's EV-to-Revenue too high?
Firstrand's current EV-to-Revenue of 2.64 is 39% below median its 10-year median of 4.34. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 7.57. The Banks industry median EV-to-Revenue is 2.81. Firstrand's value of 2.64 is 5.9% below this industry median. Based on the distribution chart, Firstrand ranks #712 out of 1522 companies in the Banks industry, which is above the industry midpoint. Overall, Firstrand has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's EV-to-Revenue compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #712 out of 1522 companies for EV-to-Revenue. This puts Firstrand in the upper half of its industry. The industry median EV-to-Revenue is 2.81. Firstrand's value of 2.64 is 5.9% below this benchmark. Historically, Firstrand's own EV-to-Revenue has ranged from 2.13 to 7.57 over the past decade. While the company's 10-year median is 4.34 vs. the industry median of 2.81, Firstrand 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-Revenue for a Banks company?
The median EV-to-Revenue among Banks companies is 2.81, based on 1,522 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-Revenue significantly above this median, while those in the bottom quartile fall well below. However, EV-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Firstrand's current EV-to-Revenue of 2.64 is 5.9% 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-Revenue mean?
A high EV-to-Revenue can signal that a stock is expensive relative to its fundamentals. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Firstrand and its competitors. For the Banks industry, the median EV-to-Revenue is 2.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstrand's current EV-to-Revenue is 2.64, which is 39% below median its own 10-year median of 4.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (NAM:FST) is currently considered Modestly Overvalued. The stock's GF Value™ is R86.91, compared to a current price of R101.03 — trading 16.2% above its estimated fair value. The current EV-to-Revenue is 2.64, which is 39% below median its 10-year median of 4.34 and 5.9% below the Banks industry median of 2.81. Firstrand's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-Revenue calculated?
EV-to-Revenue is calculated from a company's financial statements. For Firstrand (NAM:FST), the current EV-to-Revenue is 2.64 as of Aug. 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 Firstrand (NAM:FST) Overvalued in 2026?

Based on GuruFocus' analysis, Firstrand stock appears to be overvalued. The current stock price of R101.03 is trading 16.2% above its estimated GF Value™ of R86.91. GuruFocus considers Firstrand to be Modestly Overvalued.

Key valuation signals for NAM:FST:

  • EV-to-Revenue: 2.64 (39% below median its 10-year median of 4.34)
  • GF Value™: R86.91 vs. price of R101.03 (16.2% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 5.9% below the Banks median (#712 of 1522)

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


Firstrand Business Description

Address Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
71GF Score

Get the complete analysis for NAM:FST

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

R101.03
Price
R86.91
GF Value