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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. This ratio does not apply to banks.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, First Holdco's Enterprise Value is ₦-3,047,476 Mil.
First Holdco's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₦2,400,900 Mil. Therefore, First Holdco's EV-to-Revenue ratio for today is -1.27.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, First Holdco's Enterprise Value is ₦-3,047,476 Mil.
First Holdco's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₦451,773 Mil. Therefore, First Holdco's EV-to-FCF ratio for today is -6.75.
*** 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 Holdco (NSA:FIRSTHOLDCO) 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.
First Holdco's current Enterprise Value is ₦-3,047,476 Mil.
First Holdco'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 ₦2,400,900 Mil.
First Holdco's current Enterprise Value is ₦-3,047,476 Mil.
First Holdco'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 ₦767,740 Mil.
First Holdco's current Enterprise Value is ₦-3,047,476 Mil.
First Holdco'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 ₦451,773 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 Holdco Enterprise Value Related Terms
First Holdco Enterprise Value Historical Data
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The historical data trend for First Holdco'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.
First Holdco Enterprise Value Competitor Comparison
For the Banks - Regional subindustry, First Holdco'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 Holdco Enterprise Value vs Banks Industry
For the Banks industry and Financial Services sector, First Holdco's Enterprise Value distribution charts can be found below:
* The bar in red indicates where First Holdco'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.
First Holdco'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.
What does a Enterprise Value of ₦-3,047,476 Mil mean?
First Holdco (NSA:FIRSTHOLDCO) has a Enterprise Value of ₦-3,047,476 Mil as of Jul. 14, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Holdco and its competitors.
Is First Holdco's Enterprise Value too high?
First Holdco's current Enterprise Value is ₦-3,047,476 Mil. Overall, First Holdco has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Holdco's Enterprise Value compare to competitors?
First Holdco's Enterprise Value of ₦-3,047,476 Mil can be compared against companies in the Banks 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 Banks company?
A good Enterprise Value depends on the Banks 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 Holdco and its competitors. First Holdco's current Enterprise Value is ₦-3,047,476 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Holdco stock overvalued right now?
Based on GuruFocus' analysis, First Holdco (NSA:FIRSTHOLDCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦36.61, compared to a current price of ₦65.60 — trading 79.2% above its estimated fair value. The current Enterprise Value is ₦-3,047,476 Mil. First Holdco's overall GF Score™ is 63/100 with 5 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 Holdco (NSA:FIRSTHOLDCO), the current Enterprise Value is ₦-3,047,476 Mil as of Jul. 14, 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 Holdco (NSA:FIRSTHOLDCO) Overvalued in 2026?
Based on GuruFocus' analysis, First Holdco stock appears to be overvalued.
The current stock price of ₦65.60 is trading 79.2% above its estimated GF Value™ of ₦36.61.
GuruFocus considers First Holdco to be Significantly Overvalued.
Key valuation signals for NSA:FIRSTHOLDCO:
Enterprise Value: ₦-3,047,476 Mil
GF Value™: ₦36.61 vs. price of ₦65.60 (79.2% above fair value)
No single metric tells the full story. See the NSA:FIRSTHOLDCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Holdco PLC is a Nigerian financial services Group. The principal activities of the company are mainly the provision of Commercial Banking, Investment Banking, Asset Management, Trusteeship, Securities Brokerage and Insurance Brokerage. Its reportable segments are 1. Commercial Banking Business Group: It provides both individual and corporate clients/ customers with financial intermediation services, 2 Investment Banking and Asset Management Business Group: It provides advisory, asset management, markets and private equity services to a large institutional (corporations and governments) clientele, as well as merchant banking services., and 3. Others. The majority of revenue is derived from the Commercial Banking Business Group. Geographically, key revenue is derived from Nigeria.
63GF Score
Get the complete analysis for NSA:FIRSTHOLDCO
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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