BT GroupCHIX:BTL +0.31%64 EV-to-FCF is 21.61 as of Jun. 29, 2026, which is 4% below its 10-year median of 22.46. GuruFocus rates CHIX:BTL with a GF Score™ of 64/100 and a GF Value™ of £1.37 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 250 Telecommunication Services companies, BT Group ranks worse than 68.4% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, BT Group's Enterprise Value is £40,217 Mil.
BT Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £1,861 Mil. Therefore, BT Group's EV-to-FCF for today is 21.61.
The historical rank and industry rank for BT Group's EV-to-FCF or its related term are showing as below:
CHIX:BTl'
s EV-to-FCF Range Over the Past 10 Years
Min: 10.8 Med: 22.46 Max: 60.52
Current: 21.61
During the past 13 years, the highest EV-to-FCF of BT Group was 60.52. The lowest was 10.80. And the median was 22.46.
CHIX:BTl's EV-to-FCF is ranked worse than 68.4% of 250
companies
in the Telecommunication Services industry
Industry Median: 15.21
vs CHIX:BTl: 21.61
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.
BT Group's share price for today is £1.933.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. BT Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was £0.108.
* 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.
BT Group EV-to-FCF Related Terms
BT Group EV-to-FCF Historical Data
* Premium members only.
The historical data trend for BT 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.
For the Telecom Services subindustry, BT 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.
BT Group EV-to-FCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, BT Group's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where BT Group's EV-to-FCF falls into.
BT Group's current Enterprise Value is £40,217 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. BT Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £1,861 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.
BT Group (CHIX:BTL) has a EV-to-FCF of 21.61 as of Jun. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on BT Group and its competitors. This is near median its historical median of 22.46. Over the past decade, BT Group's EV-to-FCF has ranged from 10.80 to 60.52. According to the industry distribution chart, BT Group ranks #171 out of 250 companies in the Telecommunication Services industry, placing it in the top 68.4%.
Is BT Group's EV-to-FCF too high?
BT Group's current EV-to-FCF of 21.61 is near median its 10-year median of 22.46. Over the past 10 years, this metric has ranged from a low of 10.80 to a high of 60.52. The Telecommunication Services industry median EV-to-FCF is 15.21. BT Group's value of 21.61 is 42.1% above this industry median. Based on the distribution chart, BT Group ranks #171 out of 250 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, BT Group has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BT Group's EV-to-FCF compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, BT Group ranks #171 out of 250 companies for EV-to-FCF. This places BT Group in the lower half of its industry. The industry median EV-to-FCF is 15.21. BT Group's value of 21.61 is 42.1% above this benchmark. Historically, BT Group's own EV-to-FCF has ranged from 10.80 to 60.52 over the past decade. While the company's 10-year median is 22.46 vs. the industry median of 15.21, BT 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 Telecommunication Services company?
The median EV-to-FCF among Telecommunication Services companies is 15.21, based on 250 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. BT Group's current EV-to-FCF of 21.61 is 42.1% 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 BT Group and its competitors. For the Telecommunication Services industry, the median EV-to-FCF is 15.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BT Group's current EV-to-FCF is 21.61, which is near median its own 10-year median of 22.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BT Group stock overvalued right now?
Based on GuruFocus' analysis, BT Group (CHIX:BTL) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.37, compared to a current price of £1.93 — trading 41.1% above its estimated fair value. The current EV-to-FCF is 21.61, which is near median its 10-year median of 22.46 and 42.1% above the Telecommunication Services industry median of 15.21. BT Group's overall GF Score™ is 64/100 with 6 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 BT Group (CHIX:BTL), the current EV-to-FCF is 21.61 as of Jun. 29, 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 BT Group (CHIX:BTL) Overvalued in 2026?
Based on GuruFocus' analysis, BT Group stock appears to be overvalued.
The current stock price of £1.93 is trading 41.1% above its estimated GF Value™ of £1.37.
GuruFocus considers BT Group to be Significantly Overvalued.
Key valuation signals for CHIX:BTL:
EV-to-FCF: 21.61 (near median its 10-year median of 22.46)
GF Value™: £1.37 vs. price of £1.93 (41.1% above fair value)
Industry Position: 42.1% above the Telecommunication Services median (#171 of 250)
No single metric tells the full story. See the CHIX:BTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BT Group is the incumbent telecommunications operator in the UK. BT is the owner of Openreach, the largest fixed-line network in the country. Openreach operates as a separate entity due to regulatory requirements, but is still 100% owned by BT. Openreach has accelerated its fiber investments and expects to have 90% of the UK covered with FTTH by 2026. In the consumer division, BT has approximately 30% market share in broadband and mobile services. The enterprise segment serves large corporations, while the global services division provides communications consultancy services.
64GF Score
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