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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Immunocore Holdings's Enterprise Value is €1,107.2 Mil.
Immunocore Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €-26.1 Mil. Therefore, Immunocore Holdings's EV-to-FCF for today is -42.45.
The historical rank and industry rank for Immunocore Holdings's EV-to-FCF or its related term are showing as below:
FRA:6YG'
s EV-to-FCF Range Over the Past 10 Years
Min: -1343.52 Med: -9.88 Max: 2629.43
Current: -42.08
During the past 8 years, the highest EV-to-FCF of Immunocore Holdings was 2629.43. The lowest was -1343.52. And the median was -9.88.
FRA:6YG's EV-to-FCF is ranked worse than 100% of 336
companies
in the Biotechnology industry
Industry Median: 15.32
vs FRA:6YG: -42.08
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.
Immunocore Holdings's PE Ratio (TTM) for today is calculated as:
Immunocore Holdings's share price for today is €28.80.
Immunocore 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 €-0.469.
* 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.
Immunocore Holdings EV-to-FCF Related Terms
Immunocore Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Immunocore 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 Biotechnology subindustry, Immunocore 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.
Immunocore Holdings EV-to-FCF vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Immunocore Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Immunocore Holdings's EV-to-FCF falls into.
Immunocore Holdings's current Enterprise Value is €1,107.2 Mil.
Immunocore 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 €-26.1 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.
Immunocore Holdings (FRA:6YG) has a EV-to-FCF of -42.45 as of Jul. 15, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Immunocore Holdings and its competitors. According to the industry distribution chart, Immunocore Holdings ranks #999999 out of 336 companies in the Biotechnology industry.
Is Immunocore Holdings' EV-to-FCF too high?
Immunocore Holdings' current EV-to-FCF is -42.45. Based on the distribution chart, Immunocore Holdings ranks #999999 out of 336 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Immunocore Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Immunocore Holdings' EV-to-FCF compare to MAZE and DMRA?
According to the Biotechnology industry distribution chart, Immunocore Holdings ranks #999999 out of 336 companies for EV-to-FCF. This places Immunocore Holdings in the lower half of its industry. The industry median EV-to-FCF is 15.32. 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 15.32, based on 336 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 Immunocore Holdings and its competitors. For the Biotechnology industry, the median EV-to-FCF is 15.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Immunocore Holdings's current EV-to-FCF is -42.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Immunocore Holdings stock overvalued right now?
Based on GuruFocus' analysis, Immunocore Holdings (FRA:6YG) is currently considered Modestly Undervalued. The stock's GF Value™ is €39.76, compared to a current price of €28.80 — trading 27.6% below its estimated fair value. The current EV-to-FCF is -42.45. Immunocore Holdings' overall GF Score™ is 77/100 with 3 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 Immunocore Holdings (FRA:6YG), the current EV-to-FCF is -42.45 as of Jul. 15, 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 Immunocore Holdings (FRA:6YG) Overvalued in 2026?
Based on GuruFocus' analysis, Immunocore Holdings stock appears to be undervalued.
The current stock price of €28.80 is trading 27.6% below its estimated GF Value™ of €39.76.
GuruFocus considers Immunocore Holdings to be Modestly Undervalued.
Key valuation signals for FRA:6YG:
EV-to-FCF: -42.45
GF Value™: €39.76 vs. price of €28.80 (27.6% below fair value)
No single metric tells the full story. See the FRA:6YG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Immunocore Holdings PLC is a commercial-stage biotechnology company. Using its ImmTAX platform, the company is developing a deep pipeline in multiple therapeutic areas, including clinical stage programs in oncology and infectious disease, pre-clinical programs in autoimmune disease, and earlier pre-clinical programs across three therapeutic areas. The company's main product, KIMMTRAK, is used for the treatment of unresectable or metastatic uveal melanoma (mUM). The other drug candidates in its pipeline include Brenetafusp, IMC-P115C, IMC-T119C, IMC-R117C, IMC-S118AI, IMC-U120AI, and others, being developed as a potential treatment for various oncology, infectious, and autoimmune diseases.
77GF Score
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