L1 Long Short FundASX:LSF +1.32%61 EV-to-FCF is 4.51 as of Jun. 24, 2026, which is 1704% above its 10-year median of 0.25. GuruFocus rates ASX:LSF with a GF Score™ of 61/100 and a GF Value™ of A$13.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 940 Asset Management companies, L1 Long Short Fund ranks better than 85.53% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, L1 Long Short Fund's Enterprise Value is A$1,194.4 Mil.
L1 Long Short Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$264.7 Mil. Therefore, L1 Long Short Fund's EV-to-FCF for today is 4.51.
The historical rank and industry rank for L1 Long Short Fund's EV-to-FCF or its related term are showing as below:
ASX:LSF'
s EV-to-FCF Range Over the Past 10 Years
Min: -3.88 Med: 0.25 Max: 9.08
Current: 4.34
During the past 8 years, the highest EV-to-FCF of L1 Long Short Fund was 9.08. The lowest was -3.88. And the median was 0.25.
ASX:LSF's EV-to-FCF is ranked better than 85.53% of 940
companies
in the Asset Management industry
Industry Median: 14.685
vs ASX:LSF: 4.34
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.
L1 Long Short Fund (ASX:LSF) 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.
L1 Long Short Fund's PE Ratio (TTM) for today is calculated as:
L1 Long Short Fund's share price for today is A$4.60.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. L1 Long Short Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.937.
* 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.
L1 Long Short Fund EV-to-FCF Related Terms
L1 Long Short Fund EV-to-FCF Historical Data
* Premium members only.
The historical data trend for L1 Long Short Fund'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 Asset Management subindustry, L1 Long Short Fund'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.
L1 Long Short Fund EV-to-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, L1 Long Short Fund's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where L1 Long Short Fund's EV-to-FCF falls into.
L1 Long Short Fund's current Enterprise Value is A$1,194.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. L1 Long Short Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$264.7 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.
L1 Long Short Fund (ASX:LSF) has a EV-to-FCF of 4.51 as of Jun. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on L1 Long Short Fund and its competitors. This is 1704% above median its historical median of 0.25. According to the industry distribution chart, L1 Long Short Fund ranks #136 out of 940 companies in the Asset Management industry, placing it in the top 14.5%.
Is L1 Long Short Fund's EV-to-FCF too high?
L1 Long Short Fund's current EV-to-FCF of 4.51 is 1704% above median its 10-year median of 0.25. The Asset Management industry median EV-to-FCF is 14.69. L1 Long Short Fund's value of 4.51 is 69.3% below this industry median. Based on the distribution chart, L1 Long Short Fund ranks #136 out of 940 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, L1 Long Short Fund has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does L1 Long Short Fund's EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, L1 Long Short Fund ranks #136 out of 940 companies for EV-to-FCF. This places L1 Long Short Fund in the top 15% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.69. L1 Long Short Fund's value of 4.51 is 69.3% below this benchmark. While the company's 10-year median is 0.25 vs. the industry median of 14.69, L1 Long Short Fund has consistently been below 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 an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.69, based on 940 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. L1 Long Short Fund's current EV-to-FCF of 4.51 is 69.3% below 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 L1 Long Short Fund and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L1 Long Short Fund's current EV-to-FCF is 4.51, which is 1704% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L1 Long Short Fund stock overvalued right now?
Based on GuruFocus' analysis, L1 Long Short Fund (ASX:LSF) is currently considered Significantly Undervalued. The stock's GF Value™ is A$13.52, compared to a current price of A$4.60 — trading 66% below its estimated fair value. The current EV-to-FCF is 4.51, which is 1704% above median its 10-year median of 0.25 and 69.3% below the Asset Management industry median of 14.69. L1 Long Short Fund's overall GF Score™ is 61/100 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 L1 Long Short Fund (ASX:LSF), the current EV-to-FCF is 4.51 as of Jun. 24, 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 L1 Long Short Fund (ASX:LSF) Overvalued in 2026?
Based on GuruFocus' analysis, L1 Long Short Fund stock appears to be undervalued.
The current stock price of A$4.60 is trading 66% below its estimated GF Value™ of A$13.52.
GuruFocus considers L1 Long Short Fund to be Significantly Undervalued.
Key valuation signals for ASX:LSF:
EV-to-FCF: 4.51 (1704% above median its 10-year median of 0.25)
GF Value™: A$13.52 vs. price of A$4.60 (66% below fair value)
Industry Position: 69.3% below the Asset Management median (#136 of 940)
No single metric tells the full story. See the ASX:LSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L1 Long Short Fund Ltd provides investors with access to an actively managed long and short portfolio of securities and the investment expertise of the manager. The company's investment process combines valuation with qualitative considerations to identify attractive investment opportunities. It operates in one industry, being the securities industry, deriving revenue from dividend and trust distribution income, interest income, and from the sale of its trading portfolio.
61GF Score
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