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, Flutter Entertainment's Enterprise Value is €24,406 Mil.
Flutter Entertainment's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €359 Mil. Therefore, Flutter Entertainment's EV-to-EBIT ratio for today is 67.91.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Flutter Entertainment's Enterprise Value is €24,406 Mil.
Flutter Entertainment's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €1,768 Mil. Therefore, Flutter Entertainment's EV-to-EBITDA ratio for today is 13.81.
*** 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.
Flutter Entertainment (FRA:PPB) 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.
Flutter Entertainment's current Enterprise Value is €24,406 Mil.
Flutter Entertainment's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €359 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Flutter Entertainment's EV-to-EBITDA for today is:
Flutter Entertainment's current Enterprise Value is €24,406 Mil.
Flutter Entertainment's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,768 Mil.
Flutter Entertainment's current Enterprise Value is €24,406 Mil.
Flutter Entertainment's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €14,631 Mil.
Flutter Entertainment's current Enterprise Value is €24,406 Mil.
Flutter Entertainment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,140 Mil.
Flutter Entertainment's current Enterprise Value is €24,406 Mil.
Flutter Entertainment's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €407 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.
Flutter Entertainment Enterprise Value Related Terms
Flutter Entertainment Enterprise Value Historical Data
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The historical data trend for Flutter Entertainment'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:PPB vs DKNG, SGHC, CHDN: Enterprise Value Comparison
For the Gambling subindustry, Flutter Entertainment'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.
Flutter Entertainment Enterprise Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Flutter Entertainment's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Flutter Entertainment's Enterprise Value falls into.
Flutter Entertainment Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Flutter Entertainment'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.
Flutter Entertainment (FRA:PPB) has a Enterprise Value of €24,406 Mil as of Jun. 30, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Flutter Entertainment and its competitors.
Is Flutter Entertainment's Enterprise Value too high?
Flutter Entertainment's current Enterprise Value is €24,406 Mil. Overall, Flutter Entertainment has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Flutter Entertainment's Enterprise Value compare to DKNG and SGHC?
Flutter Entertainment's Enterprise Value of €24,406 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Enterprise Value depends on the Travel & Leisure 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 Flutter Entertainment and its competitors. Flutter Entertainment's current Enterprise Value is €24,406 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flutter Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Flutter Entertainment (FRA:PPB) is currently considered Possible Value Trap. The stock's GF Value™ is €271.86, compared to a current price of €91.00 — trading 66.5% below its estimated fair value. The current Enterprise Value is €24,406 Mil. Flutter Entertainment's overall GF Score™ is 70/100 with 3 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 Flutter Entertainment (FRA:PPB), the current Enterprise Value is €24,406 Mil as of Jun. 30, 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 Flutter Entertainment (FRA:PPB) Overvalued in 2026?
Based on GuruFocus' analysis, Flutter Entertainment stock appears to be undervalued.
The current stock price of €91.00 is trading 66.5% below its estimated GF Value™ of €271.86.
GuruFocus considers Flutter Entertainment to be Possible Value Trap.
Key valuation signals for FRA:PPB:
Enterprise Value: €24,406 Mil
GF Value™: €271.86 vs. price of €91.00 (66.5% below fair value)
No single metric tells the full story. See the FRA:PPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
In 2016, Irish company Paddy Power merged with UK firm Betfair to form online gaming operator Flutter Entertainment. Today, Flutter has the top digital revenue share in the US, UK, Ireland, Australia, Italy, and many other countries. Some of its leading brands are FanDuel in the US, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet (acquired by Paddy Power beginning in 2009) in Australia, and Sisal in Italy. As of Dec. 31, 2025, the company offered products in over 100 countries and had an average of 15.9 million monthly users. In 2025, sports betting was 53% of revenue, online gaming 44%, and fantasy sports, horse racing, and other 3%. The company launched a predictive sports betting platform in late 2025.
70GF Score
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