Clearwater Analytics HoldingsCWAN 60 EV-to-FCF is 56.83 as of Jul. 13, 2026, which is 1% below its 10-year median of 57.58. GuruFocus rates CWAN with a GF Score™ of 60/100 and a GF Value™ of $32.10 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,595 Software companies, Clearwater Analytics Holdings ranks worse than 86.08% on this metric.
The historical rank and industry rank for Clearwater Analytics Holdings's EV-to-FCF or its related term are showing as below:
CWAN'
s EV-to-FCF Range Over the Past 10 Years
Min: -2377.5 Med: 57.58 Max: 223.41
Current: 56.83
During the past 7 years, the highest EV-to-FCF of Clearwater Analytics Holdings was 223.41. The lowest was -2377.50. And the median was 57.58.
CWAN's EV-to-FCF is ranked worse than 86.08% of 1595
companies
in the Software industry
Industry Median: 14.73
vs CWAN: 56.83
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.
Clearwater Analytics Holdings's PE Ratio (TTM) for today is calculated as:
Clearwater Analytics Holdings's share price for today is $24.56.
Clearwater Analytics Holdings'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 $-0.180.
* 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.
Clearwater Analytics Holdings EV-to-FCF Related Terms
Clearwater Analytics Holdings EV-to-FCF Historical Data
* 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, Clearwater Analytics 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.
Clearwater Analytics Holdings EV-to-FCF vs Software Industry
For the Software industry and Technology sector, Clearwater Analytics Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Clearwater Analytics Holdings's EV-to-FCF falls into.
Clearwater Analytics Holdings's current Enterprise Value is $8,087.9 Mil.
Clearwater Analytics Holdings'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 $142.3 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.
Clearwater Analytics Holdings (CWAN) has a EV-to-FCF of 56.83 as of Jul. 13, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Clearwater Analytics Holdings and its competitors. This is near median its historical median of 57.58. According to the industry distribution chart, Clearwater Analytics Holdings ranks #1373 out of 1595 companies in the Software industry, placing it in the top 86.1%.
Is Clearwater Analytics Holdings' EV-to-FCF too high?
Clearwater Analytics Holdings' current EV-to-FCF of 56.83 is near median its 10-year median of 57.58. The Software industry median EV-to-FCF is 14.73. Clearwater Analytics Holdings' value of 56.83 is 285.8% above this industry median. Based on the distribution chart, Clearwater Analytics Holdings ranks #1373 out of 1595 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Clearwater Analytics Holdings has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clearwater Analytics Holdings' EV-to-FCF compare to IDCC and CHYM?
According to the Software industry distribution chart, Clearwater Analytics Holdings ranks #1373 out of 1595 companies for EV-to-FCF. This places Clearwater Analytics Holdings in the lower half of its industry. The industry median EV-to-FCF is 14.73. Clearwater Analytics Holdings' value of 56.83 is 285.8% above this benchmark. While the company's 10-year median is 57.58 vs. the industry median of 14.73, Clearwater Analytics Holdings 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 14.73, based on 1,595 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. Clearwater Analytics Holdings's current EV-to-FCF of 56.83 is 285.8% 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 Clearwater Analytics Holdings and its competitors. For the Software industry, the median EV-to-FCF is 14.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearwater Analytics Holdings's current EV-to-FCF is 56.83, which is near median its own 10-year median of 57.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearwater Analytics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Clearwater Analytics Holdings (CWAN) is currently considered Modestly Undervalued. The stock's GF Value™ is $32.10, compared to a current price of $24.56 — trading 23.5% below its estimated fair value. The current EV-to-FCF is 56.83, which is near median its 10-year median of 57.58 and 285.8% above the Software industry median of 14.73. Clearwater Analytics Holdings' overall GF Score™ is 60/100 with 7 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 Clearwater Analytics Holdings (CWAN), the current EV-to-FCF is 56.83 as of Jul. 13, 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 Clearwater Analytics Holdings (CWAN) Overvalued in 2026?
Based on GuruFocus' analysis, Clearwater Analytics Holdings stock appears to be undervalued.
The current stock price of $24.56 is trading 23.5% below its estimated GF Value™ of $32.10.
GuruFocus considers Clearwater Analytics Holdings to be Modestly Undervalued.
Key valuation signals for CWAN:
EV-to-FCF: 56.83 (near median its 10-year median of 57.58)
GF Value™: $32.10 vs. price of $24.56 (23.5% below fair value)
Industry Position: 285.8% above the Software median (#1373 of 1595)
No single metric tells the full story. See the CWAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clearwater Analytics Holdings Business Description
Clearwater Analytics describes its mission as aiming to be the world's most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater's revenue is generated in the US.
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