A10 NetworksATEN -2.47%73 EV-to-FCF is 49.31 as of Jul. 10, 2026, which is 167% above its 10-year median of 18.46. GuruFocus rates ATEN with a GF Score™ of 73/100 and a GF Value™ of $19.12 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,592 Software companies, A10 Networks ranks worse than 83.79% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, A10 Networks's Enterprise Value is $2,533.1 Mil.
A10 Networks's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $51.4 Mil. Therefore, A10 Networks's EV-to-FCF for today is 49.31.
The historical rank and industry rank for A10 Networks's EV-to-FCF or its related term are showing as below:
ATEN'
s EV-to-FCF Range Over the Past 10 Years
Min: -98.22 Med: 18.46 Max: 211.37
Current: 49.31
During the past 13 years, the highest EV-to-FCF of A10 Networks was 211.37. The lowest was -98.22. And the median was 18.46.
ATEN's EV-to-FCF is ranked worse than 83.79% of 1592
companies
in the Software industry
Industry Median: 14.7
vs ATEN: 49.31
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.
A10 Networks's PE Ratio (TTM) for today is calculated as:
A10 Networks's share price for today is $37.17.
A10 Networks'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 $0.620.
* 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.
A10 Networks EV-to-FCF Related Terms
A10 Networks EV-to-FCF Historical Data
* Premium members only.
The historical data trend for A10 Networks'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 - Infrastructure subindustry, A10 Networks'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.
A10 Networks EV-to-FCF vs Software Industry
For the Software industry and Technology sector, A10 Networks's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where A10 Networks's EV-to-FCF falls into.
A10 Networks's current Enterprise Value is $2,533.1 Mil.
A10 Networks'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 $51.4 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.
A10 Networks (ATEN) has a EV-to-FCF of 49.31 as of Jul. 10, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on A10 Networks and its competitors. This is 167% above median its historical median of 18.46. According to the industry distribution chart, A10 Networks ranks #1334 out of 1592 companies in the Software industry, placing it in the top 83.8%.
Is A10 Networks' EV-to-FCF too high?
A10 Networks' current EV-to-FCF of 49.31 is 167% above median its 10-year median of 18.46. The Software industry median EV-to-FCF is 14.70. A10 Networks' value of 49.31 is 235.4% above this industry median. Based on the distribution chart, A10 Networks ranks #1334 out of 1592 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, A10 Networks has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does A10 Networks' EV-to-FCF compare to PAGS and PAYO?
According to the Software industry distribution chart, A10 Networks ranks #1334 out of 1592 companies for EV-to-FCF. This places A10 Networks in the lower half of its industry. The industry median EV-to-FCF is 14.70. A10 Networks' value of 49.31 is 235.4% above this benchmark. While the company's 10-year median is 18.46 vs. the industry median of 14.70, A10 Networks 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 Software company?
The median EV-to-FCF among Software companies is 14.70, based on 1,592 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. A10 Networks's current EV-to-FCF of 49.31 is 235.4% 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 A10 Networks and its competitors. For the Software industry, the median EV-to-FCF is 14.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A10 Networks's current EV-to-FCF is 49.31, which is 167% above median its own 10-year median of 18.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A10 Networks stock overvalued right now?
Based on GuruFocus' analysis, A10 Networks (ATEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.12, compared to a current price of $37.17 — trading 94.4% above its estimated fair value. The current EV-to-FCF is 49.31, which is 167% above median its 10-year median of 18.46 and 235.4% above the Software industry median of 14.70. A10 Networks' overall GF Score™ is 73/100 with 8 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 A10 Networks (ATEN), the current EV-to-FCF is 49.31 as of Jul. 10, 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 A10 Networks (ATEN) Overvalued in 2026?
Based on GuruFocus' analysis, A10 Networks stock appears to be overvalued.
The current stock price of $37.17 is trading 94.4% above its estimated GF Value™ of $19.12.
GuruFocus considers A10 Networks to be Significantly Overvalued.
Key valuation signals for ATEN:
EV-to-FCF: 49.31 (167% above median its 10-year median of 18.46)
GF Value™: $19.12 vs. price of $37.17 (94.4% above fair value)
Industry Position: 235.4% above the Software median (#1334 of 1592)
No single metric tells the full story. See the ATEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A10 Networks Inc is a provider of secure application and network infrastructure solutions for enterprises and service providers across on-premises, hybrid cloud, and distributed environments. The company's offerings include application delivery and traffic management, distributed denial-of-service (DDoS) protection, application and API security, and centralized management. It serves customers across multiple industries, including telecommunications, technology, financial services, public sector, industrial, retail, gaming, and education. The majority of the company's revenue is derived from the sale of secure networking and cybersecurity solutions and related maintenance and support services.
73GF Score
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