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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.
*** 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.
Forward Fashion (International) Holdings Co (HKSE:02528) 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.
Forward Fashion (International) Holdings Co's EV-to-EBIT for today is
Forward Fashion (International) Holdings Co's current Enterprise Value is HK$428.5 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Forward Fashion (International) Holdings Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$79.6 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Forward Fashion (International) Holdings Co's EV-to-EBITDA for today is:
Forward Fashion (International) Holdings Co's current Enterprise Value is HK$428.5 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Forward Fashion (International) Holdings Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$79.6 Mil.
Forward Fashion (International) Holdings Co's current Enterprise Value is HK$428.5 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Forward Fashion (International) Holdings Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$870.2 Mil.
Forward Fashion (International) Holdings Co's current Enterprise Value is HK$428.5 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Forward Fashion (International) Holdings Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$191.8 Mil.
Forward Fashion (International) Holdings Co's current Enterprise Value is HK$428.5 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Forward Fashion (International) Holdings Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$160.0 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.
Forward Fashion (International) Holdings Co Enterprise Value Related Terms
Forward Fashion (International) Holdings Co Enterprise Value Historical Data
* 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.
Forward Fashion (International) Holdings Co Enterprise Value Chart
Forward Fashion (International) Holdings Co Annual Data
HKSE:02528 vs TJX, ROST, BURL: Enterprise Value Comparison
For the Apparel Retail subindustry, Forward Fashion (International) Holdings Co'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.
Forward Fashion (International) Holdings Co Enterprise Value vs Retail - Cyclical Industry
Forward Fashion (International) Holdings Co 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.
* 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.
What does a Enterprise Value of HK$428.5 Mil mean?
Forward Fashion (International) Holdings Co (HKSE:02528) has a Enterprise Value of HK$428.5 Mil as of Aug. 06, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Forward Fashion (International) Holdings Co and its competitors.
Is Forward Fashion (International) Holdings Co's Enterprise Value too high?
Forward Fashion (International) Holdings Co's current Enterprise Value is HK$428.5 Mil. Overall, Forward Fashion (International) Holdings Co has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forward Fashion (International) Holdings Co's Enterprise Value compare to TJX and ROST?
Forward Fashion (International) Holdings Co's Enterprise Value of HK$428.5 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Enterprise Value depends on the Retail - Cyclical 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 Forward Fashion (International) Holdings Co and its competitors. Forward Fashion (International) Holdings Co's current Enterprise Value is HK$428.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Fashion (International) Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Forward Fashion (International) Holdings Co (HKSE:02528) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.24, compared to a current price of HK$0.92 — trading 283.3% above its estimated fair value. The current Enterprise Value is HK$428.5 Mil. Forward Fashion (International) Holdings Co's overall GF Score™ is 43/100 with 6 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 Forward Fashion (International) Holdings Co (HKSE:02528), the current Enterprise Value is HK$428.5 Mil as of Aug. 06, 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 Forward Fashion (International) Holdings Co (HKSE:02528) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Fashion (International) Holdings Co stock appears to be overvalued.
The current stock price of HK$0.92 is trading 283.3% above its estimated GF Value™ of HK$0.24.
GuruFocus considers Forward Fashion (International) Holdings Co to be Significantly Overvalued.
Key valuation signals for HKSE:02528:
Enterprise Value: HK$428.5 Mil
GF Value™: HK$0.24 vs. price of HK$0.92 (283.3% above fair value)
No single metric tells the full story. See the HKSE:02528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forward Fashion (International) Holdings Co Ltd is engaged in the retail and wholesale of fashion apparel of international brands through its multi-brand and multi-store business model in the Chinese Mainland, Macau, and Hong Kong. The group also provides store management services for fashion brands and catering services in Macau. Its portfolio includes brands such as BLACK BARRETT, Calvin Klein, EA7, Ed Hardy, Hogan, Moschino, Neil Barrett, Philipp Plein, Tommy Hilfiger, Under Armour, and others. It operates across three geographical segments: the Chinese Mainland, Macau, and Hong Kong and others, with Macau contributing the majority of the Group's revenue.
43GF Score
Get the complete analysis for HKSE:02528
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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