Associated Banc-CorpASB +1.36%70 EV-to-FCF is 14.20 as of Jun. 26, 2026, which is 18% above its 10-year median of 12.00. GuruFocus rates ASB with a GF Score™ of 70/100 and a GF Value™ of $29.29 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,195 Banks companies, Associated Banc-Corp ranks worse than 74.56% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Associated Banc-Corp's Enterprise Value is $8,743 Mil.
Associated Banc-Corp's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $616 Mil. Therefore, Associated Banc-Corp's EV-to-FCF for today is 14.20.
The historical rank and industry rank for Associated Banc-Corp's EV-to-FCF or its related term are showing as below:
ASB'
s EV-to-FCF Range Over the Past 10 Years
Min: 4.77 Med: 12 Max: 48.55
Current: 14.2
During the past 13 years, the highest EV-to-FCF of Associated Banc-Corp was 48.55. The lowest was 4.77. And the median was 12.00.
ASB's EV-to-FCF is ranked worse than 74.56% of 1195
companies
in the Banks industry
Industry Median: 6.52
vs ASB: 14.20
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.
Associated Banc-Corp's PE Ratio (TTM) for today is calculated as:
Associated Banc-Corp's share price for today is $31.34.
Associated Banc-Corp'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 $2.880.
* 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.
Associated Banc-Corp EV-to-FCF Related Terms
Associated Banc-Corp EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Associated Banc-Corp'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 Banks - Regional subindustry, Associated Banc-Corp'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.
Associated Banc-Corp EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, Associated Banc-Corp's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Associated Banc-Corp's EV-to-FCF falls into.
Associated Banc-Corp's current Enterprise Value is $8,743 Mil.
Associated Banc-Corp'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 $616 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.
Associated Banc-Corp (ASB) has a EV-to-FCF of 14.20 as of Jun. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Associated Banc-Corp and its competitors. This is 18% above median its historical median of 12.00. Over the past decade, Associated Banc-Corp's EV-to-FCF has ranged from 4.77 to 48.55. According to the industry distribution chart, Associated Banc-Corp ranks #891 out of 1195 companies in the Banks industry, placing it in the top 74.6%.
Is Associated Banc-Corp's EV-to-FCF too high?
Associated Banc-Corp's current EV-to-FCF of 14.20 is 18% above median its 10-year median of 12.00. Over the past 10 years, this metric has ranged from a low of 4.77 to a high of 48.55. The Banks industry median EV-to-FCF is 6.52. Associated Banc-Corp's value of 14.20 is 117.8% above this industry median. Based on the distribution chart, Associated Banc-Corp ranks #891 out of 1195 companies in the Banks industry, which is below the industry midpoint. Overall, Associated Banc-Corp has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Associated Banc-Corp's EV-to-FCF compare to OZK and AUB?
According to the Banks industry distribution chart, Associated Banc-Corp ranks #891 out of 1195 companies for EV-to-FCF. This places Associated Banc-Corp in the lower half of its industry. The industry median EV-to-FCF is 6.52. Associated Banc-Corp's value of 14.20 is 117.8% above this benchmark. Historically, Associated Banc-Corp's own EV-to-FCF has ranged from 4.77 to 48.55 over the past decade. While the company's 10-year median is 12.00 vs. the industry median of 6.52, Associated Banc-Corp 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 Banks company?
The median EV-to-FCF among Banks companies is 6.52, based on 1,195 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. Associated Banc-Corp's current EV-to-FCF of 14.20 is 117.8% 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 Associated Banc-Corp and its competitors. For the Banks industry, the median EV-to-FCF is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Banc-Corp's current EV-to-FCF is 14.20, which is 18% above median its own 10-year median of 12.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Banc-Corp stock overvalued right now?
Based on GuruFocus' analysis, Associated Banc-Corp (ASB) is currently considered Fairly Valued. The stock's GF Value™ is $29.29, compared to a current price of $31.34 — trading 7% above its estimated fair value. The current EV-to-FCF is 14.20, which is 18% above median its 10-year median of 12.00 and 117.8% above the Banks industry median of 6.52. Associated Banc-Corp's overall GF Score™ is 70/100 with 5 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 Associated Banc-Corp (ASB), the current EV-to-FCF is 14.20 as of Jun. 26, 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 Associated Banc-Corp (ASB) Overvalued in 2026?
Based on GuruFocus' analysis, Associated Banc-Corp stock appears to be overvalued.
The current stock price of $31.34 is trading 7% above its estimated GF Value™ of $29.29.
GuruFocus considers Associated Banc-Corp to be Fairly Valued.
Key valuation signals for ASB:
EV-to-FCF: 14.20 (18% above median its 10-year median of 12.00)
GF Value™: $29.29 vs. price of $31.34 (7% above fair value)
Industry Position: 117.8% above the Banks median (#891 of 1195)
No single metric tells the full story. See the ASB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated Banc-Corp is a bank holding company based in the United States of America. The company, through its subsidiaries, provides a broad array of banking and non-banking products and services to individuals and businesses. The group operates in three reportable segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty segment, which serves a wide range of customers, including larger businesses, developers, not-for-profits, municipalities, and financial institutions by providing lending and deposit solutions as well as support to deliver, fund, and manage such banking solutions.
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