EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Immatics NV's Enterprise Value is €723.26 Mil.
Immatics NV's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €-188.90 Mil. Therefore, Immatics NV's EV-to-FCF for today is -3.83.
The historical rank and industry rank for Immatics NV's EV-to-FCF or its related term are showing as below:
FRA:4A3'
s EV-to-FCF Range Over the Past 10 Years
Min: -52.56 Med: -3.92 Max: 18.39
Current: -3.92
During the past 8 years, the highest EV-to-FCF of Immatics NV was 18.39. The lowest was -52.56. And the median was -3.92.
FRA:4A3's EV-to-FCF is ranked worse than 100% of 330
companies
in the Biotechnology industry
Industry Median: 16.36
vs FRA:4A3: -3.92
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.
Immatics NV's PE Ratio (TTM) for today is calculated as:
Immatics NV's share price for today is €8.855.
Immatics NV'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 €-1.720.
* 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.
Immatics NV EV-to-FCF Related Terms
Immatics NV EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Immatics NV'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 Biotechnology subindustry, Immatics NV'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.
Immatics NV EV-to-FCF vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Immatics NV's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Immatics NV's EV-to-FCF falls into.
Immatics NV's current Enterprise Value is €723.26 Mil.
Immatics NV'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 €-188.90 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.
Immatics NV (FRA:4A3) has a EV-to-FCF of -3.83 as of Jul. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Immatics NV and its competitors. According to the industry distribution chart, Immatics NV ranks #999999 out of 330 companies in the Biotechnology industry.
Is Immatics NV's EV-to-FCF too high?
Immatics NV's current EV-to-FCF is -3.83. Based on the distribution chart, Immatics NV ranks #999999 out of 330 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Immatics NV has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Immatics NV's EV-to-FCF compare to MNKD and JBIO?
According to the Biotechnology industry distribution chart, Immatics NV ranks #999999 out of 330 companies for EV-to-FCF. This places Immatics NV in the lower half of its industry. The industry median EV-to-FCF is 16.36. 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 Biotechnology company?
The median EV-to-FCF among Biotechnology companies is 16.36, based on 330 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. 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 Immatics NV and its competitors. For the Biotechnology industry, the median EV-to-FCF is 16.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Immatics NV's current EV-to-FCF is -3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Immatics NV stock overvalued right now?
Based on GuruFocus' analysis, Immatics NV (FRA:4A3) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.77, compared to a current price of €8.86 — trading 219.7% above its estimated fair value. The current EV-to-FCF is -3.83. Immatics NV's overall GF Score™ is 57/100 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 Immatics NV (FRA:4A3), the current EV-to-FCF is -3.83 as of Jul. 11, 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 Immatics NV (FRA:4A3) Overvalued in 2026?
Based on GuruFocus' analysis, Immatics NV stock appears to be overvalued.
The current stock price of €8.86 is trading 219.7% above its estimated GF Value™ of €2.77.
GuruFocus considers Immatics NV to be Significantly Overvalued.
Key valuation signals for FRA:4A3:
EV-to-FCF: -3.83
GF Value™: €2.77 vs. price of €8.86 (219.7% above fair value)
No single metric tells the full story. See the FRA:4A3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Immatics NV is a clinical-stage biotechnology company engaged in the research and development of T-cell redirecting immunotherapies for the treatment of cancer patients. The company earns revenue through strategic collaboration agreements with third-party pharmaceutical and biotechnology companies. The company derives its maximum revenue from United States.
57GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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