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Forgame HoldingsFRA:FH0 +0.70%56 EV-to-FCF is 223.69 as of Jul. 17, 2026, which is 51921% above its 10-year median of 0.43. GuruFocus rates FRA:FH0 with a GF Score™ of 56/100 and a GF Value™ of €0.15. The stock has 4 warning signs investors should review. Among 1,330 Hardware companies, Forgame Holdings ranks worse than 90.68% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Forgame Holdings's Enterprise Value is €-27.51 Mil.
Forgame Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.12 Mil. Therefore, Forgame Holdings's EV-to-FCF for today is 223.69.
The historical rank and industry rank for Forgame Holdings's EV-to-FCF or its related term are showing as below:
FRA:FH0'
s EV-to-FCF Range Over the Past 10 Years
Min: -14.98 Med: 0.43 Max: 226.68
Current: 226.68
During the past 13 years, the highest EV-to-FCF of Forgame Holdings was 226.68. The lowest was -14.98. And the median was 0.43.
FRA:FH0's EV-to-FCF is ranked worse than 90.68% of 1330
companies
in the Hardware industry
Industry Median: 22.52
vs FRA:FH0: 226.68
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.
Forgame Holdings's PE Ratio (TTM) for today is calculated as:
Forgame Holdings's share price for today is €0.0715.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Forgame Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.035.
* 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.
Forgame Holdings EV-to-FCF Related Terms
Forgame Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Forgame 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 Electronics & Computer Distribution subindustry, Forgame 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.
Forgame Holdings EV-to-FCF vs Hardware Industry
For the Hardware industry and Technology sector, Forgame Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Forgame Holdings's EV-to-FCF falls into.
Forgame Holdings's current Enterprise Value is €-27.51 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Forgame Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.12 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.
Forgame Holdings (FRA:FH0) has a EV-to-FCF of 223.69 as of Jul. 17, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Forgame Holdings and its competitors. This is 51921% above median its historical median of 0.43. According to the industry distribution chart, Forgame Holdings ranks #1206 out of 1330 companies in the Hardware industry, placing it in the top 90.7%.
Is Forgame Holdings' EV-to-FCF too high?
Forgame Holdings' current EV-to-FCF of 223.69 is 51921% above median its 10-year median of 0.43. The Hardware industry median EV-to-FCF is 22.52. Forgame Holdings' value of 223.69 is 893.3% above this industry median. Based on the distribution chart, Forgame Holdings ranks #1206 out of 1330 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Forgame Holdings has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Forgame Holdings' EV-to-FCF compare to SNX and ARW?
According to the Hardware industry distribution chart, Forgame Holdings ranks #1206 out of 1330 companies for EV-to-FCF. This places Forgame Holdings in the lower half of its industry. The industry median EV-to-FCF is 22.52. Forgame Holdings' value of 223.69 is 893.3% above this benchmark. While the company's 10-year median is 0.43 vs. the industry median of 22.52, Forgame Holdings 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 Hardware company?
The median EV-to-FCF among Hardware companies is 22.52, based on 1,330 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. Forgame Holdings's current EV-to-FCF of 223.69 is 893.3% 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 Forgame Holdings and its competitors. For the Hardware industry, the median EV-to-FCF is 22.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forgame Holdings's current EV-to-FCF is 223.69, which is 51921% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forgame Holdings stock overvalued right now?
Forgame Holdings (FRA:FH0) has a current EV-to-FCF of 223.69. The stock's GF Value™ is €0.15, compared to a current price of €0.07 — trading 52.3% below its estimated fair value. The current EV-to-FCF is 223.69, which is 51921% above median its 10-year median of 0.43 and 893.3% above the Hardware industry median of 22.52. Forgame Holdings' overall GF Score™ is 56/100 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 Forgame Holdings (FRA:FH0), the current EV-to-FCF is 223.69 as of Jul. 17, 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 Forgame Holdings (FRA:FH0) Overvalued in 2026?
Based on GuruFocus' analysis, Forgame Holdings stock appears to be undervalued.
The current stock price of €0.07 is trading 52.3% below its estimated GF Value™ of €0.15.
Key valuation signals for FRA:FH0:
EV-to-FCF: 223.69 (51921% above median its 10-year median of 0.43)
GF Value™: €0.15 vs. price of €0.07 (52.3% below fair value)
Industry Position: 893.3% above the Hardware median (#1206 of 1330)
No single metric tells the full story. See the FRA:FH0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forgame Holdings Ltd is an investment holding company. Along with its subsidiaries, it is engaged in developing and publishing domestic and overseas web games and mobile games, and trading of electronic devices and semiconductors in the People's Republic of China (PRC). The Group's operating segments are: Game business, and Electronic device and semiconductor business. The majority of its revenue is derived from the Electronic Device and Semiconductor Business, which is engaged in trading storage solutions and semiconductor components for enterprise-level products, providing various products from components to systems. Geographically, the Group generates maximum revenue from PRC (excluding Hong Kong), and the rest from other regions.
56GF Score
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