Affirm HoldingsAFRM +3.44%81 EV-to-FCF is 42.23 as of Jun. 27, 2026, which is 47% above its 10-year median of 28.80. GuruFocus rates AFRM with a GF Score™ of 81/100 and a GF Value™ of $70.61 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 265 Credit Services companies, Affirm Holdings ranks worse than 75.09% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Affirm Holdings's Enterprise Value is $33,231 Mil.
Affirm Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $787 Mil. Therefore, Affirm Holdings's EV-to-FCF for today is 42.23.
The historical rank and industry rank for Affirm Holdings's EV-to-FCF or its related term are showing as below:
AFRM'
s EV-to-FCF Range Over the Past 10 Years
Min: -313.21 Med: 28.8 Max: 542.17
Current: 42.23
During the past 7 years, the highest EV-to-FCF of Affirm Holdings was 542.17. The lowest was -313.21. And the median was 28.80.
AFRM's EV-to-FCF is ranked worse than 75.09% of 265
companies
in the Credit Services industry
Industry Median: 12.99
vs AFRM: 42.23
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Affirm Holdings's PE Ratio (TTM) for today is calculated as:
Affirm Holdings's share price for today is $79.49.
Affirm Holdings's Earnings per Share (Diluted) 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 $1.100.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Affirm Holdings EV-to-FCF Related Terms
Affirm Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Affirm Holdings's EV-to-FCF 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.
For the Credit Services subindustry, Affirm Holdings's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Affirm Holdings EV-to-FCF vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Affirm Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Affirm Holdings's EV-to-FCF falls into.
Affirm Holdings's current Enterprise Value is $33,231 Mil.
Affirm Holdings'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 $787 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.
Affirm Holdings (AFRM) has a EV-to-FCF of 42.23 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Affirm Holdings and its competitors. This is 47% above median its historical median of 28.80. According to the industry distribution chart, Affirm Holdings ranks #199 out of 265 companies in the Credit Services industry, placing it in the top 75.1%.
Is Affirm Holdings' EV-to-FCF too high?
Affirm Holdings' current EV-to-FCF of 42.23 is 47% above median its 10-year median of 28.80. The Credit Services industry median EV-to-FCF is 12.99. Affirm Holdings' value of 42.23 is 225.1% above this industry median. Based on the distribution chart, Affirm Holdings ranks #199 out of 265 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Affirm Holdings has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Affirm Holdings' EV-to-FCF compare to SYF and SOFI?
According to the Credit Services industry distribution chart, Affirm Holdings ranks #199 out of 265 companies for EV-to-FCF. This places Affirm Holdings in the lower half of its industry. The industry median EV-to-FCF is 12.99. Affirm Holdings' value of 42.23 is 225.1% above this benchmark. While the company's 10-year median is 28.80 vs. the industry median of 12.99, Affirm Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Credit Services company?
The median EV-to-FCF among Credit Services companies is 12.99, based on 265 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Affirm Holdings's current EV-to-FCF of 42.23 is 225.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Affirm Holdings and its competitors. For the Credit Services industry, the median EV-to-FCF is 12.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Affirm Holdings's current EV-to-FCF is 42.23, which is 47% above median its own 10-year median of 28.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Affirm Holdings stock overvalued right now?
Based on GuruFocus' analysis, Affirm Holdings (AFRM) is currently considered Modestly Overvalued. The stock's GF Value™ is $70.61, compared to a current price of $79.49 — trading 12.6% above its estimated fair value. The current EV-to-FCF is 42.23, which is 47% above median its 10-year median of 28.80 and 225.1% above the Credit Services industry median of 12.99. Affirm Holdings' overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Affirm Holdings (AFRM), the current EV-to-FCF is 42.23 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 Affirm Holdings (AFRM) Overvalued in 2026?
Based on GuruFocus' analysis, Affirm Holdings stock appears to be overvalued.
The current stock price of $79.49 is trading 12.6% above its estimated GF Value™ of $70.61.
GuruFocus considers Affirm Holdings to be Modestly Overvalued.
Key valuation signals for AFRM:
EV-to-FCF: 42.23 (47% above median its 10-year median of 28.80)
GF Value™: $70.61 vs. price of $79.49 (12.6% above fair value)
Industry Position: 225.1% above the Credit Services median (#199 of 265)
No single metric tells the full story. See the AFRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2012, Affirm is a market leader in the buy now, pay later space with around $36 billion in transaction volume in fiscal 2025. Affirm offers both zero-interest financing, which is merchant subsidized, and interest-bearing loans, which function as personal loans that are approved on a per-transaction basis. Over 70% of Affirm's transaction volume comes from its interest-bearing loans, which also constitute the majority of its revenue. Affirm primarily operates in the United States, which accounted for more than 95% of its revenue in 2025, but it has also expanded to Canada and the United Kingdom.
81GF Score
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