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, FirstService's Enterprise Value is C$11,510 Mil.
FirstService's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was C$480 Mil. Therefore, FirstService's EV-to-EBIT ratio for today is 24.00.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, FirstService's Enterprise Value is C$11,510 Mil.
FirstService's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was C$740 Mil. Therefore, FirstService's EV-to-EBITDA ratio for today is 15.56.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, FirstService's Enterprise Value is C$11,510 Mil.
FirstService's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was C$7,653 Mil. Therefore, FirstService's EV-to-Revenue ratio for today is 1.50.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, FirstService's Enterprise Value is C$11,510 Mil.
FirstService's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$504 Mil. Therefore, FirstService's EV-to-FCF ratio for today is 22.85.
*** 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.
FirstService (TSX:FSV) 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.
FirstService's current Enterprise Value is C$11,510 Mil.
FirstService'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 C$480 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
FirstService's current Enterprise Value is C$11,510 Mil.
FirstService'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 C$740 Mil.
FirstService's current Enterprise Value is C$11,510 Mil.
FirstService'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 C$7,653 Mil.
FirstService's current Enterprise Value is C$11,510 Mil.
FirstService'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 C$678 Mil.
FirstService's current Enterprise Value is C$11,510 Mil.
FirstService'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 C$504 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.
FirstService Enterprise Value Related Terms
FirstService Enterprise Value Historical Data
* Premium members only.
The historical data trend for FirstService'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.
TSX:FSV vs CBRE, BEKE: Enterprise Value Comparison
For the Real Estate Services subindustry, FirstService'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.
FirstService Enterprise Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, FirstService's Enterprise Value distribution charts can be found below:
* The bar in red indicates where FirstService'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.
FirstService'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 C$11,510 Mil mean?
FirstService (TSX:FSV) has a Enterprise Value of C$11,510 Mil as of Jun. 27, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on FirstService and its competitors.
Is FirstService's Enterprise Value too high?
FirstService's current Enterprise Value is C$11,510 Mil. Overall, FirstService has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FirstService's Enterprise Value compare to CBRE and BEKE?
FirstService's Enterprise Value of C$11,510 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 FirstService and its competitors. FirstService's current Enterprise Value is C$11,510 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirstService stock overvalued right now?
Based on GuruFocus' analysis, FirstService (TSX:FSV) is currently considered Modestly Undervalued. The stock's GF Value™ is C$275.41, compared to a current price of C$199.77 — trading 27.5% below its estimated fair value. The current Enterprise Value is C$11,510 Mil. FirstService's overall GF Score™ is 82/100 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 FirstService (TSX:FSV), the current Enterprise Value is C$11,510 Mil as of Jun. 27, 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 FirstService (TSX:FSV) Overvalued in 2026?
Based on GuruFocus' analysis, FirstService stock appears to be undervalued.
The current stock price of C$199.77 is trading 27.5% below its estimated GF Value™ of C$275.41.
GuruFocus considers FirstService to be Modestly Undervalued.
Key valuation signals for TSX:FSV:
Enterprise Value: C$11,510 Mil
GF Value™: C$275.41 vs. price of C$199.77 (27.5% below fair value)
No single metric tells the full story. See the TSX:FSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FirstService Corp is engaged in outsourcing property services. The company operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high and low-rise condominiums and co-operatives. FirstService Brands generates the majority of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.
82GF Score
Get the complete analysis for TSX:FSV
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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