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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, First Service Holding's Enterprise Value is HK$-239 Mil.
First Service Holding's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-32 Mil. Therefore, First Service Holding's EV-to-EBIT ratio for today is 7.36.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, First Service Holding's Enterprise Value is HK$-239 Mil.
First Service Holding's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-32 Mil. Therefore, First Service Holding's EV-to-EBITDA ratio for today is 7.36.
*** 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.
First Service Holding (HKSE:02107) 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.
First Service Holding's current Enterprise Value is HK$-239 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Service Holding's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-32 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
First Service Holding's EV-to-EBITDA for today is:
First Service Holding's current Enterprise Value is HK$-239 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Service Holding's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-32 Mil.
First Service Holding's current Enterprise Value is HK$-239 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Service Holding's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$1,474 Mil.
First Service Holding's current Enterprise Value is HK$-239 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Service Holding's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$6 Mil.
First Service Holding's current Enterprise Value is HK$-239 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Service Holding's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$0 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 Service Holding Enterprise Value Related Terms
First Service Holding Enterprise Value Historical Data
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The historical data trend for First Service Holding'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.
HKSE:02107 vs CBRE, BEKE, JLL: Enterprise Value Comparison
For the Real Estate Services subindustry, First Service Holding'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.
First Service Holding Enterprise Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, First Service Holding's Enterprise Value distribution charts can be found below:
* The bar in red indicates where First Service Holding's Enterprise Value falls into.
First Service Holding 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.
First Service Holding'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.
First Service Holding (HKSE:02107) has a Enterprise Value of HK$-239 Mil as of Aug. 21, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Service Holding and its competitors.
Is First Service Holding's Enterprise Value too high?
First Service Holding's current Enterprise Value is HK$-239 Mil. Overall, First Service Holding has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Service Holding's Enterprise Value compare to CBRE and BEKE?
First Service Holding's Enterprise Value of HK$-239 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Enterprise Value depends on the Real Estate 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 First Service Holding and its competitors. First Service Holding's current Enterprise Value is HK$-239 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Service Holding stock overvalued right now?
Based on GuruFocus' analysis, First Service Holding (HKSE:02107) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.40, compared to a current price of HK$0.44 — trading 8.8% above its estimated fair value. The current Enterprise Value is HK$-239 Mil. First Service Holding's overall GF Score™ is 61/100 with 8 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 First Service Holding (HKSE:02107), the current Enterprise Value is HK$-239 Mil as of Aug. 21, 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 First Service Holding (HKSE:02107) Overvalued in 2026?
Based on GuruFocus' analysis, First Service Holding stock appears to be overvalued.
The current stock price of HK$0.44 is trading 8.8% above its estimated GF Value™ of HK$0.40.
GuruFocus considers First Service Holding to be Fairly Valued.
Key valuation signals for HKSE:02107:
Enterprise Value: HK$-239 Mil
GF Value™: HK$0.40 vs. price of HK$0.44 (8.8% above fair value)
No single metric tells the full story. See the HKSE:02107 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into two segments: First Property management services comprising of property management services, energy operation services under the service line of green living solutions and value-added services; and First Living segment provides green technology consulting service, system installation services, sale of goods, and energy operation services under the service line of green living solutions. It derives maximum revenue from First Property Management.
61GF Score
Get the complete analysis for HKSE:02107
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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