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ASICSFRA:ASI +1.68%90 EV-to-FCF is 33.70 as of Aug. 29, 2026, which is 17% below its 10-year median of 40.69. GuruFocus rates FRA:ASI with a GF Score™ of 90/100 and a GF Value™ of €24.52 (Fairly Valued). The stock has 1 warning sign investors should review. Among 636 Manufacturing - Apparel & Accessories companies, ASICS ranks worse than 74.84% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, ASICS's Enterprise Value is €16,946 Mil.
ASICS's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was €503 Mil. Therefore, ASICS's EV-to-FCF for today is 33.70.
The historical rank and industry rank for ASICS's EV-to-FCF or its related term are showing as below:
FRA:ASI'
s EV-to-FCF Range Over the Past 10 Years
Min: -1480.07 Med: 40.69 Max: 93.7
Current: 36.77
During the past 13 years, the highest EV-to-FCF of ASICS was 93.70. The lowest was -1480.07. And the median was 40.69.
FRA:ASI's EV-to-FCF is ranked worse than 74.84% of 636
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 15.435
vs FRA:ASI: 36.77
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.
As of today (2026-08-29), ASICS's stock price is €24.20.
ASICS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €0.707. Therefore, ASICS's PE Ratio (TTM) for today is 34.23.
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.
ASICS's share price for today is €24.20.
ASICS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.707.
* 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.
ASICS EV-to-FCF Related Terms
ASICS EV-to-FCF Historical Data
* Premium members only.
The historical data trend for ASICS'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 Footwear & Accessories subindustry, ASICS'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.
ASICS EV-to-FCF vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ASICS's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where ASICS's EV-to-FCF falls into.
ASICS's current Enterprise Value is €16,946 Mil.
ASICS's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €503 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.
ASICS (FRA:ASI) has a EV-to-FCF of 33.70 as of Aug. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ASICS and its competitors. This is 17% below median its historical median of 40.69. According to the industry distribution chart, ASICS ranks #476 out of 636 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 74.8%.
Is ASICS's EV-to-FCF too high?
ASICS's current EV-to-FCF of 33.70 is 17% below median its 10-year median of 40.69. The Manufacturing - Apparel & Accessories industry median EV-to-FCF is 15.44. ASICS's value of 33.70 is 118.3% above this industry median. Based on the distribution chart, ASICS ranks #476 out of 636 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, ASICS has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ASICS's EV-to-FCF compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, ASICS ranks #476 out of 636 companies for EV-to-FCF. This places ASICS in the lower half of its industry. The industry median EV-to-FCF is 15.44. ASICS's value of 33.70 is 118.3% above this benchmark. While the company's 10-year median is 40.69 vs. the industry median of 15.44, ASICS 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 Manufacturing - Apparel & Accessories company?
The median EV-to-FCF among Manufacturing - Apparel & Accessories companies is 15.44, based on 636 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. ASICS's current EV-to-FCF of 33.70 is 118.3% 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 ASICS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median EV-to-FCF is 15.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASICS's current EV-to-FCF is 33.70, which is 17% below median its own 10-year median of 40.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASICS stock overvalued right now?
Based on GuruFocus' analysis, ASICS (FRA:ASI) is currently considered Fairly Valued. The stock's GF Value™ is €24.52, compared to a current price of €24.20 — trading 1.3% below its estimated fair value. The current EV-to-FCF is 33.70, which is 17% below median its 10-year median of 40.69 and 118.3% above the Manufacturing - Apparel & Accessories industry median of 15.44. ASICS's overall GF Score™ is 90/100 with 1 warning sign 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 ASICS (FRA:ASI), the current EV-to-FCF is 33.70 as of Aug. 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 ASICS (FRA:ASI) Overvalued in 2026?
Based on GuruFocus' analysis, ASICS stock appears to be undervalued.
The current stock price of €24.20 is trading 1.3% below its estimated GF Value™ of €24.52.
GuruFocus considers ASICS to be Fairly Valued.
Key valuation signals for FRA:ASI:
EV-to-FCF: 33.70 (17% below median its 10-year median of 40.69)
GF Value™: €24.52 vs. price of €24.20 (1.3% below fair value)
Industry Position: 118.3% above the Manufacturing - Apparel & Accessories median (#476 of 636)
No single metric tells the full story. See the FRA:ASI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1949 in Kobe, Japan, Asics is a leading sports footwear brand specializing in performance running shoes. Asics is well-known for its stability running shoe Gel-Kayano, which has been popular among runners for over 30 years thanks to its cushioning technology. It also owns Onitsuka Tiger, which is currently positioned as a premium sportswear lifestyle brand. In 2025, Asics had annual sales of over JPY 810 billion and command over 10% of the global performance running market share.
90GF Score
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