System1 Group (FRA:BBA) EV-to-FCF: 24.50 (As of Jul. 29, 2026) — 137% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:BBA System1 Group PLC FRA:BBA
83 GF Score
Price €3.76
GF Value €4.56
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is System1 Group EV-to-FCF?

System1 Group FRA:BBA 83 EV-to-FCF is 24.50 as of Jul. 29, 2026, which is 137% above its 10-year median of 10.34. GuruFocus rates FRA:BBA with a GF Score™ of 83/100 and a GF Value™ of €4.56 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 610 Media - Diversified companies, System1 Group ranks worse than 70.33% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, System1 Group's Enterprise Value is €37.90 Mil. System1 Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €1.55 Mil. Therefore, System1 Group's EV-to-FCF for today is 24.50.

The historical rank and industry rank for System1 Group's EV-to-FCF or its related term are showing as below:

FRA:BBA' s EV-to-FCF Range Over the Past 10 Years
Min: -26.79   Med: 10.34   Max: 63.64
Current: 24.23

During the past 13 years, the highest EV-to-FCF of System1 Group was 63.64. The lowest was -26.79. And the median was 10.34.

FRA:BBA's EV-to-FCF is ranked worse than
70.33% of 610 companies
in the Media - Diversified industry
Industry Median: 11.38 vs FRA:BBA: 24.23

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.

As of today (2026-07-29), System1 Group's stock price is €3.76. System1 Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.118. Therefore, System1 Group's PE Ratio (TTM) for today is 31.86.


System1 Group  (FRA:BBA) EV-to-FCF Explanation

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.

System1 Group's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=3.76/0.118
=31.86

System1 Group's share price for today is €3.76.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. System1 Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.118.

* 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.


System1 Group EV-to-FCF Related Terms


System1 Group EV-to-FCF Historical Data

* Premium members only.

The historical data trend for System1 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.

System1 Group EV-to-FCF Chart

System1 Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.39 -8.53 8.39 13.17 17.31

System1 Group Semi-Annual Data
Jun16 Dec16 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.39 0.00 13.17 0.00 17.31

FRA:BBA vs APP, OMC, TTD: EV-to-FCF Comparison

For the Advertising Agencies subindustry, System1 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.


System1 Group EV-to-FCF vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, System1 Group's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where System1 Group's EV-to-FCF falls into.


FRA:BBA
83GF Score
System1 Group PLC FRA:BBA
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

System1 Group EV-to-FCF Calculation

System1 Group's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=37.904/1.547
=24.50

System1 Group's current Enterprise Value is €37.90 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. System1 Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €1.55 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 24.50 mean?
System1 Group (FRA:BBA) has a EV-to-FCF of 24.50 as of Jul. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on System1 Group and its competitors. This is 137% above median its historical median of 10.34. According to the industry distribution chart, System1 Group ranks #429 out of 610 companies in the Media - Diversified industry, placing it in the top 70.3%.
Is System1 Group's EV-to-FCF too high?
System1 Group's current EV-to-FCF of 24.50 is 137% above median its 10-year median of 10.34. The Media - Diversified industry median EV-to-FCF is 11.38. System1 Group's value of 24.50 is 115.3% above this industry median. Based on the distribution chart, System1 Group ranks #429 out of 610 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, System1 Group has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does System1 Group's EV-to-FCF compare to APP and OMC?
According to the Media - Diversified industry distribution chart, System1 Group ranks #429 out of 610 companies for EV-to-FCF. This places System1 Group in the lower half of its industry. The industry median EV-to-FCF is 11.38. System1 Group's value of 24.50 is 115.3% above this benchmark. While the company's 10-year median is 10.34 vs. the industry median of 11.38, System1 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 Media - Diversified company?
The median EV-to-FCF among Media - Diversified companies is 11.38, based on 610 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. System1 Group's current EV-to-FCF of 24.50 is 115.3% 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 System1 Group and its competitors. For the Media - Diversified industry, the median EV-to-FCF is 11.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. System1 Group's current EV-to-FCF is 24.50, which is 137% above median its own 10-year median of 10.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System1 Group stock overvalued right now?
Based on GuruFocus' analysis, System1 Group (FRA:BBA) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.56, compared to a current price of €3.76 — trading 17.5% below its estimated fair value. The current EV-to-FCF is 24.50, which is 137% above median its 10-year median of 10.34 and 115.3% above the Media - Diversified industry median of 11.38. System1 Group's overall GF Score™ is 83/100 with 2 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 System1 Group (FRA:BBA), the current EV-to-FCF is 24.50 as of Jul. 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 System1 Group (FRA:BBA) Overvalued in 2026?

Based on GuruFocus' analysis, System1 Group stock appears to be undervalued. The current stock price of €3.76 is trading 17.5% below its estimated GF Value™ of €4.56. GuruFocus considers System1 Group to be Modestly Undervalued.

Key valuation signals for FRA:BBA:

  • EV-to-FCF: 24.50 (137% above median its 10-year median of 10.34)
  • GF Value™: €4.56 vs. price of €3.76 (17.5% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 115.3% above the Media - Diversified median (#429 of 610)

No single metric tells the full story. See the FRA:BBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


System1 Group Business Description

Other Exchanges SYS1:UKBBA:Germany
Address 26 Hatton Garden, London, GBR, EC1N 8BR
System1 Group PLC is engaged in providing market research data and insight services. The company's geographical segments include the United States of America, Latin America (LatAm), the United Kingdom, the Rest Of Europe, and the Asia Pacific (APAC) region. A majority of its revenue is generated from its business in the United Kingdom.
83GF Score

Get the complete analysis for FRA:BBA

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€3.76
Price
€4.56
GF Value