Aspen Group (ASX:APZ) EV-to-FCF: 33.70 (As of Jul. 20, 2026) — 86% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:APZ Aspen Group Ltd ASX:APZ
81 GF Score
Price A$4.97
GF Value A$3.04
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Aspen Group EV-to-FCF?

Aspen Group ASX:APZ +0.61% 81 EV-to-FCF is 33.70 as of Jul. 20, 2026, which is 86% above its 10-year median of 18.07. GuruFocus rates ASX:APZ with a GF Score™ of 81/100 and a GF Value™ of A$3.04 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,096 Real Estate companies, Aspen Group ranks worse than 69.43% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Aspen Group's Enterprise Value is A$1,323.0 Mil. Aspen Group's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$39.3 Mil. Therefore, Aspen Group's EV-to-FCF for today is 33.70.

The historical rank and industry rank for Aspen Group's EV-to-FCF or its related term are showing as below:

ASX:APZ' s EV-to-FCF Range Over the Past 10 Years
Min: -4.94   Med: 18.07   Max: 65.64
Current: 33.7

During the past 13 years, the highest EV-to-FCF of Aspen Group was 65.64. The lowest was -4.94. And the median was 18.07.

ASX:APZ's EV-to-FCF is ranked worse than
69.43% of 1096 companies
in the Real Estate industry
Industry Median: 19.105 vs ASX:APZ: 33.70

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.

As of today (2026-07-20), Aspen Group's stock price is A$4.97. Aspen Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.279. Therefore, Aspen Group's PE Ratio (TTM) for today is 17.81.


Aspen Group  (ASX:APZ) EV-to-FCF Explanation

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.

Aspen Group's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=4.97/0.279
=17.81

Aspen Group's share price for today is A$4.97.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Aspen Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.279.

* 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.


Aspen Group EV-to-FCF Related Terms


Aspen Group EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Aspen Group'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.

Aspen Group EV-to-FCF Chart

Aspen Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.44 23.52 28.59 18.83 47.31

Aspen Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 18.83 0.00 47.31 0.00

Aspen Group EV-to-FCF Competitor Comparison

For the Real Estate - Diversified subindustry, Aspen Group'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.


Aspen Group EV-to-FCF vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Aspen Group's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Aspen Group's EV-to-FCF falls into.


ASX:APZ
81GF Score
Aspen Group Ltd ASX:APZ
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aspen Group EV-to-FCF Calculation

Aspen Group's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1323.034/39.256
=33.70

Aspen Group's current Enterprise Value is A$1,323.0 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Aspen Group's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$39.3 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 33.70 mean?
Aspen Group (ASX:APZ) has a EV-to-FCF of 33.70 as of Jul. 20, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Aspen Group and its competitors. This is 86% above median its historical median of 18.07. According to the industry distribution chart, Aspen Group ranks #761 out of 1096 companies in the Real Estate industry, placing it in the top 69.4%.
Is Aspen Group's EV-to-FCF too high?
Aspen Group's current EV-to-FCF of 33.70 is 86% above median its 10-year median of 18.07. The Real Estate industry median EV-to-FCF is 19.11. Aspen Group's value of 33.70 is 76.4% above this industry median. Based on the distribution chart, Aspen Group ranks #761 out of 1096 companies in the Real Estate industry, which is below the industry midpoint. Overall, Aspen Group has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspen Group's EV-to-FCF compare to competitors?
According to the Real Estate industry distribution chart, Aspen Group ranks #761 out of 1096 companies for EV-to-FCF. This places Aspen Group in the lower half of its industry. The industry median EV-to-FCF is 19.11. Aspen Group's value of 33.70 is 76.4% above this benchmark. While the company's 10-year median is 18.07 vs. the industry median of 19.11, Aspen Group 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 Real Estate company?
The median EV-to-FCF among Real Estate companies is 19.11, based on 1,096 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. Aspen Group's current EV-to-FCF of 33.70 is 76.4% 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 Aspen Group and its competitors. For the Real Estate industry, the median EV-to-FCF is 19.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Group's current EV-to-FCF is 33.70, which is 86% above median its own 10-year median of 18.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Group stock overvalued right now?
Based on GuruFocus' analysis, Aspen Group (ASX:APZ) is currently considered Significantly Overvalued. The stock's GF Value™ is A$3.04, compared to a current price of A$4.97 — trading 63.5% above its estimated fair value. The current EV-to-FCF is 33.70, which is 86% above median its 10-year median of 18.07 and 76.4% above the Real Estate industry median of 19.11. Aspen Group's overall GF Score™ is 81/100 with 4 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 Aspen Group (ASX:APZ), the current EV-to-FCF is 33.70 as of Jul. 20, 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 Aspen Group (ASX:APZ) Overvalued in 2026?

Based on GuruFocus' analysis, Aspen Group stock appears to be overvalued. The current stock price of A$4.97 is trading 63.5% above its estimated GF Value™ of A$3.04. GuruFocus considers Aspen Group to be Significantly Overvalued.

Key valuation signals for ASX:APZ:

  • EV-to-FCF: 33.70 (86% above median its 10-year median of 18.07)
  • GF Value™: A$3.04 vs. price of A$4.97 (63.5% above fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 76.4% above the Real Estate median (#761 of 1096)

No single metric tells the full story. See the ASX:APZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aspen Group Business Description

Other Exchanges AYV1:Germany
Address 285A Crown Street, Suite 21, Surry Hills, Sydney, NSW, AUS, 2010
Aspen Group Ltd is an Australia-based company, engaged in the business of investment in commercial and non-core development assets. It operates through the segment being investment properties within Australia.
81GF Score

Get the complete analysis for ASX:APZ

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$4.97
Price
A$3.04
GF Value