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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, FiscalNote Holdings's Enterprise Value is €105.55 Mil.
FiscalNote Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €-90.92 Mil. Therefore, FiscalNote Holdings's EV-to-EBIT ratio for today is -1.16.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, FiscalNote Holdings's Enterprise Value is €105.55 Mil.
FiscalNote Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €-77.68 Mil. Therefore, FiscalNote Holdings's EV-to-EBITDA ratio for today is -1.36.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, FiscalNote Holdings's Enterprise Value is €105.55 Mil.
FiscalNote Holdings's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was €72.39 Mil. Therefore, FiscalNote Holdings's EV-to-Revenue ratio for today is 1.46.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
FiscalNote Holdings (FRA:A2O1) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
FiscalNote Holdings's current Enterprise Value is €105.55 Mil.
FiscalNote Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-90.92 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
FiscalNote Holdings's current Enterprise Value is €105.55 Mil.
FiscalNote Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-77.68 Mil.
FiscalNote Holdings's current Enterprise Value is €105.55 Mil.
FiscalNote Holdings's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €72.39 Mil.
FiscalNote Holdings's current Enterprise Value is €105.55 Mil.
FiscalNote Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-6.52 Mil.
FiscalNote Holdings's current Enterprise Value is €105.55 Mil.
FiscalNote Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-12.58 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.
FiscalNote Holdings Enterprise Value Related Terms
FiscalNote Holdings Enterprise Value Historical Data
* Premium members only.
The historical data trend for FiscalNote Holdings's Enterprise Value 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.
FRA:A2O1 vs HWNI, CYCU, KSEZ: Enterprise Value Comparison
For the Information Technology Services subindustry, FiscalNote Holdings's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
FiscalNote Holdings Enterprise Value vs Software Industry
For the Software industry and Technology sector, FiscalNote Holdings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where FiscalNote Holdings's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
FiscalNote Holdings's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
FiscalNote Holdings (FRA:A2O1) has a Enterprise Value of €105.55 Mil as of Aug. 19, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on FiscalNote Holdings and its competitors.
Is FiscalNote Holdings' Enterprise Value too high?
FiscalNote Holdings' current Enterprise Value is €105.55 Mil. Overall, FiscalNote Holdings has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does FiscalNote Holdings' Enterprise Value compare to HWNI and CYCU?
FiscalNote Holdings' Enterprise Value of €105.55 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Software company?
A good Enterprise Value depends on the Software industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on FiscalNote Holdings and its competitors. FiscalNote Holdings's current Enterprise Value is €105.55 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FiscalNote Holdings stock overvalued right now?
FiscalNote Holdings (FRA:A2O1) has a current Enterprise Value of €105.55 Mil. The stock's GF Value™ is €33.72, compared to a current price of €0.55 — trading 98.4% below its estimated fair value. The current Enterprise Value is €105.55 Mil. FiscalNote Holdings' overall GF Score™ is 44/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For FiscalNote Holdings (FRA:A2O1), the current Enterprise Value is €105.55 Mil as of Aug. 19, 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 FiscalNote Holdings (FRA:A2O1) Overvalued in 2026?
Based on GuruFocus' analysis, FiscalNote Holdings stock appears to be undervalued.
The current stock price of €0.55 is trading 98.4% below its estimated GF Value™ of €33.72.
Key valuation signals for FRA:A2O1:
Enterprise Value: €105.55 Mil
GF Value™: €33.72 vs. price of €0.55 (98.4% below fair value)
No single metric tells the full story. See the FRA:A2O1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FiscalNote Holdings Inc provides technology solutions for policy and market intelligence. Its offerings include legislative tracking, regulatory analysis, and stakeholder engagement through its platform, PolicyNote, which integrates policy data with monitoring tools and analysis. The company serves a diverse customer base comprising enterprises, midsized and smaller businesses, government agencies, law firms, professional services organizations, trade groups and non-profits in more than 40 countries. It derives revenue from subscription revenue arrangements and advisory, advertising and other revenues. Geographically, the company generates the majority of its revenue from North America, and the rest from Europe, Australia, and Asia.
44GF Score
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