CEZ ASFRA:CEZ -1.20%78 EV-to-FCF is 11.12 as of Jun. 27, 2026, which is 38% above its 10-year median of 8.04. GuruFocus rates FRA:CEZ with a GF Score™ of 78/100 and a GF Value™ of €44.35 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 295 Utilities - Regulated companies, CEZ AS ranks better than 69.83% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, CEZ AS's Enterprise Value is €36,104 Mil.
CEZ AS's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €3,247 Mil. Therefore, CEZ AS's EV-to-FCF for today is 11.12.
The historical rank and industry rank for CEZ AS's EV-to-FCF or its related term are showing as below:
FRA:CEZ'
s EV-to-FCF Range Over the Past 10 Years
Min: 3.34 Med: 8.04 Max: 142.69
Current: 10.74
During the past 13 years, the highest EV-to-FCF of CEZ AS was 142.69. The lowest was 3.34. And the median was 8.04.
FRA:CEZ's EV-to-FCF is ranked better than 69.83% of 295
companies
in the Utilities - Regulated industry
Industry Median: 18.32
vs FRA:CEZ: 10.74
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 (2026-06-27), CEZ AS's stock price is €49.60.
CEZ AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €2.206. Therefore, CEZ AS's PE Ratio (TTM) for today is 22.48.
CEZ AS (FRA:CEZ) 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.
CEZ AS's share price for today is €49.60.
CEZ AS'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 €2.206.
* 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.
CEZ AS EV-to-FCF Related Terms
CEZ AS EV-to-FCF Historical Data
* Premium members only.
The historical data trend for CEZ AS'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 Utilities - Regulated Electric subindustry, CEZ AS'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.
CEZ AS EV-to-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CEZ AS's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where CEZ AS's EV-to-FCF falls into.
CEZ AS's current Enterprise Value is €36,104 Mil.
CEZ AS'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 €3,247 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.
CEZ AS (FRA:CEZ) has a EV-to-FCF of 11.12 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on CEZ AS and its competitors. This is 38% above median its historical median of 8.04. Over the past decade, CEZ AS's EV-to-FCF has ranged from 3.34 to 142.69. According to the industry distribution chart, CEZ AS ranks #89 out of 295 companies in the Utilities - Regulated industry, placing it in the top 30.2%.
Is CEZ AS's EV-to-FCF too high?
CEZ AS's current EV-to-FCF of 11.12 is 38% above median its 10-year median of 8.04. Over the past 10 years, this metric has ranged from a low of 3.34 to a high of 142.69. The Utilities - Regulated industry median EV-to-FCF is 18.32. CEZ AS's value of 11.12 is 39.3% below this industry median. Based on the distribution chart, CEZ AS ranks #89 out of 295 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, CEZ AS has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CEZ AS's EV-to-FCF compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CEZ AS ranks #89 out of 295 companies for EV-to-FCF. This puts CEZ AS in the upper half of its industry. The industry median EV-to-FCF is 18.32. CEZ AS's value of 11.12 is 39.3% below this benchmark. Historically, CEZ AS's own EV-to-FCF has ranged from 3.34 to 142.69 over the past decade. While the company's 10-year median is 8.04 vs. the industry median of 18.32, CEZ AS has consistently been below 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 an Utilities - Regulated company?
The median EV-to-FCF among Utilities - Regulated companies is 18.32, based on 295 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. CEZ AS's current EV-to-FCF of 11.12 is 39.3% below 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 CEZ AS and its competitors. For the Utilities - Regulated industry, the median EV-to-FCF is 18.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEZ AS's current EV-to-FCF is 11.12, which is 38% above median its own 10-year median of 8.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEZ AS stock overvalued right now?
Based on GuruFocus' analysis, CEZ AS (FRA:CEZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €44.35, compared to a current price of €49.60 — trading 11.8% above its estimated fair value. The current EV-to-FCF is 11.12, which is 38% above median its 10-year median of 8.04 and 39.3% below the Utilities - Regulated industry median of 18.32. CEZ AS's overall GF Score™ is 78/100 with 6 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 CEZ AS (FRA:CEZ), the current EV-to-FCF is 11.12 as of Jun. 27, 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 CEZ AS (FRA:CEZ) Overvalued in 2026?
Based on GuruFocus' analysis, CEZ AS stock appears to be overvalued.
The current stock price of €49.60 is trading 11.8% above its estimated GF Value™ of €44.35.
GuruFocus considers CEZ AS to be Modestly Overvalued.
Key valuation signals for FRA:CEZ:
EV-to-FCF: 11.12 (38% above median its 10-year median of 8.04)
GF Value™: €44.35 vs. price of €49.60 (11.8% above fair value)
Industry Position: 39.3% below the Utilities - Regulated median (#89 of 295)
No single metric tells the full story. See the FRA:CEZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat, coal mining, trading in commodities and provision of complex energy services, distribution, trade, and sale of natural gas, and the provision of telecommunications services. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The group operates mainly in Czechia and in Central and Western European markets.
78GF Score
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