Stepchange HoldingsASX:STH -1.92%24 EV-to-FCF is 9.50 as of Jun. 28, 2026. GuruFocus rates ASX:STH with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 1,587 Software companies, Stepchange Holdings ranks better than 65.85% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Stepchange Holdings's Enterprise Value is A$16.01 Mil.
Stepchange Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.68 Mil. Therefore, Stepchange Holdings's EV-to-FCF for today is 9.50.
The historical rank and industry rank for Stepchange Holdings's EV-to-FCF or its related term are showing as below:
ASX:STH'
s EV-to-FCF Range Over the Past 10 Years
Min: 0 Med: 0 Max: 9.5
Current: 9.5
During the past 2 years, the highest EV-to-FCF of Stepchange Holdings was 9.50. The lowest was 0.00. And the median was 0.00.
ASX:STH's EV-to-FCF is ranked better than 65.85% of 1587
companies
in the Software industry
Industry Median: 13.97
vs ASX:STH: 9.50
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.
Stepchange Holdings's PE Ratio (TTM) for today is calculated as:
Stepchange Holdings's share price for today is A$0.1275.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Stepchange Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.003.
* 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.
Stepchange Holdings EV-to-FCF Related Terms
Stepchange Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Stepchange 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 Software - Application subindustry, Stepchange 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.
Stepchange Holdings EV-to-FCF vs Software Industry
For the Software industry and Technology sector, Stepchange Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Stepchange Holdings's EV-to-FCF falls into.
Stepchange Holdings's current Enterprise Value is A$16.01 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Stepchange Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.68 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.
Stepchange Holdings (ASX:STH) has a EV-to-FCF of 9.50 as of Jun. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Stepchange Holdings and its competitors. According to the industry distribution chart, Stepchange Holdings ranks #542 out of 1587 companies in the Software industry, placing it in the top 34.2%.
Is Stepchange Holdings' EV-to-FCF too high?
Stepchange Holdings' current EV-to-FCF is 9.50. The Software industry median EV-to-FCF is 13.97. Stepchange Holdings' value of 9.50 is 32% below this industry median. Based on the distribution chart, Stepchange Holdings ranks #542 out of 1587 companies in the Software industry, which is above the industry midpoint. Overall, Stepchange Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Stepchange Holdings' EV-to-FCF compare to CRM and SHOP?
According to the Software industry distribution chart, Stepchange Holdings ranks #542 out of 1587 companies for EV-to-FCF. This puts Stepchange Holdings in the upper half of its industry. The industry median EV-to-FCF is 13.97. Stepchange Holdings' value of 9.50 is 32% below this benchmark. 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 Software company?
The median EV-to-FCF among Software companies is 13.97, based on 1,587 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. Stepchange Holdings's current EV-to-FCF of 9.50 is 32% 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 Stepchange Holdings and its competitors. For the Software industry, the median EV-to-FCF is 13.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stepchange Holdings's current EV-to-FCF is 9.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stepchange Holdings stock overvalued right now?
Stepchange Holdings (ASX:STH) has a current EV-to-FCF of 9.50. The current EV-to-FCF is 9.50 and 32% below the Software industry median of 13.97. Stepchange Holdings' overall GF Score™ is 24/100 with 1 warning sign 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 Stepchange Holdings (ASX:STH), the current EV-to-FCF is 9.50 as of Jun. 28, 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.
Stepchange Holdings Ltd is engaged in providing software services. It delivers end-to-end SAP ERP and digital transformation service. Its services include: Strategic Alignment and Execution; Program and Project Management; Change Management; and Business Analysis.
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