DiscoveryFRA:D3H -0.71%85 EV-to-FCF is 36.17 as of Jul. 08, 2026, which is 86% above its 10-year median of 19.46. GuruFocus rates FRA:D3H with a GF Score™ of 85/100 and a GF Value™ of €14.57. The stock has 4 warning signs investors should review. Among 392 Insurance companies, Discovery ranks worse than 88.52% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Discovery's Enterprise Value is €9,278 Mil.
Discovery's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €256 Mil. Therefore, Discovery's EV-to-FCF for today is 36.17.
The historical rank and industry rank for Discovery's EV-to-FCF or its related term are showing as below:
FRA:D3H'
s EV-to-FCF Range Over the Past 10 Years
Min: -131.9 Med: 19.46 Max: 281.46
Current: 33.78
During the past 13 years, the highest EV-to-FCF of Discovery was 281.46. The lowest was -131.90. And the median was 19.46.
FRA:D3H's EV-to-FCF is ranked worse than 88.52% of 392
companies
in the Insurance industry
Industry Median: 9.645
vs FRA:D3H: 33.78
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.
Discovery's share price for today is €14.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Discovery's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.787.
* 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.
Discovery EV-to-FCF Related Terms
Discovery EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Discovery'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 Insurance - Life subindustry, Discovery'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.
Discovery EV-to-FCF vs Insurance Industry
For the Insurance industry and Financial Services sector, Discovery's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Discovery's EV-to-FCF falls into.
Discovery's current Enterprise Value is €9,278 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Discovery's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €256 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.
Discovery (FRA:D3H) has a EV-to-FCF of 36.17 as of Jul. 08, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Discovery and its competitors. This is 86% above median its historical median of 19.46. According to the industry distribution chart, Discovery ranks #347 out of 392 companies in the Insurance industry, placing it in the top 88.5%.
Is Discovery's EV-to-FCF too high?
Discovery's current EV-to-FCF of 36.17 is 86% above median its 10-year median of 19.46. The Insurance industry median EV-to-FCF is 9.65. Discovery's value of 36.17 is 275% above this industry median. Based on the distribution chart, Discovery ranks #347 out of 392 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Discovery has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Discovery's EV-to-FCF compare to AFL and MET?
According to the Insurance industry distribution chart, Discovery ranks #347 out of 392 companies for EV-to-FCF. This places Discovery in the lower half of its industry. The industry median EV-to-FCF is 9.65. Discovery's value of 36.17 is 275% above this benchmark. While the company's 10-year median is 19.46 vs. the industry median of 9.65, Discovery 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 an Insurance company?
The median EV-to-FCF among Insurance companies is 9.65, based on 392 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. Discovery's current EV-to-FCF of 36.17 is 275% 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 Discovery and its competitors. For the Insurance industry, the median EV-to-FCF is 9.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Discovery's current EV-to-FCF is 36.17, which is 86% above median its own 10-year median of 19.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Discovery stock overvalued right now?
Discovery (FRA:D3H) has a current EV-to-FCF of 36.17. The stock's GF Value™ is €14.57, compared to a current price of €14.00 — trading 3.9% below its estimated fair value. The current EV-to-FCF is 36.17, which is 86% above median its 10-year median of 19.46 and 275% above the Insurance industry median of 9.65. Discovery's overall GF Score™ is 85/100 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 Discovery (FRA:D3H), the current EV-to-FCF is 36.17 as of Jul. 08, 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 Discovery (FRA:D3H) Overvalued in 2026?
Based on GuruFocus' analysis, Discovery stock appears to be undervalued.
The current stock price of €14.00 is trading 3.9% below its estimated GF Value™ of €14.57.
Key valuation signals for FRA:D3H:
EV-to-FCF: 36.17 (86% above median its 10-year median of 19.46)
GF Value™: €14.57 vs. price of €14.00 (3.9% below fair value)
Industry Position: 275% above the Insurance median (#347 of 392)
No single metric tells the full story. See the FRA:D3H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Discovery Ltd is a financial services organization. It operates in the healthcare, life insurance, short-term insurance, long-term savings, banking and wellness markets. It specializes in health insurance, life assurance, wellness, investments and savings, short-term insurance, and banking. The company generates revenue through its insurance and financial services, with primary markets in South Africa and the UK, and presence in Canada, the USA, Singapore, Australia, and China.
85GF Score
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