Horizon OilFRA:HOJ 39 EV-to-FCF is 7.95 as of Jul. 01, 2026, which is 88% above its 10-year median of 4.23. GuruFocus rates FRA:HOJ with a GF Score™ of 39/100 and a GF Value™ of €0.09 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 579 Oil & Gas companies, Horizon Oil ranks better than 75.82% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Horizon Oil's Enterprise Value is €204.51 Mil.
Horizon Oil's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €25.73 Mil. Therefore, Horizon Oil's EV-to-FCF for today is 7.95.
The historical rank and industry rank for Horizon Oil's EV-to-FCF or its related term are showing as below:
FRA:HOJ'
s EV-to-FCF Range Over the Past 10 Years
Min: 1.95 Med: 4.23 Max: 13.79
Current: 7.62
During the past 13 years, the highest EV-to-FCF of Horizon Oil was 13.79. The lowest was 1.95. And the median was 4.23.
FRA:HOJ's EV-to-FCF is ranked better than 75.82% of 579
companies
in the Oil & Gas industry
Industry Median: 15.28
vs FRA:HOJ: 7.62
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.
Horizon Oil's PE Ratio (TTM) for today is calculated as:
Horizon Oil's share price for today is €0.121.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Horizon Oil's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.004.
* 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.
Horizon Oil EV-to-FCF Related Terms
Horizon Oil EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Horizon Oil'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 Oil & Gas E&P subindustry, Horizon Oil'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.
Horizon Oil EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Oil's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Horizon Oil's EV-to-FCF falls into.
Horizon Oil's current Enterprise Value is €204.51 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Horizon Oil's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €25.73 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.
Horizon Oil (FRA:HOJ) has a EV-to-FCF of 7.95 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Horizon Oil and its competitors. This is 88% above median its historical median of 4.23. Over the past decade, Horizon Oil's EV-to-FCF has ranged from 1.95 to 13.79. According to the industry distribution chart, Horizon Oil ranks #140 out of 579 companies in the Oil & Gas industry, placing it in the top 24.2%.
Is Horizon Oil's EV-to-FCF too high?
Horizon Oil's current EV-to-FCF of 7.95 is 88% above median its 10-year median of 4.23. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 13.79. The Oil & Gas industry median EV-to-FCF is 15.28. Horizon Oil's value of 7.95 is 48% below this industry median. Based on the distribution chart, Horizon Oil ranks #140 out of 579 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Horizon Oil has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's EV-to-FCF compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Horizon Oil ranks #140 out of 579 companies for EV-to-FCF. This places Horizon Oil in the top 24% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 15.28. Horizon Oil's value of 7.95 is 48% below this benchmark. Historically, Horizon Oil's own EV-to-FCF has ranged from 1.95 to 13.79 over the past decade. While the company's 10-year median is 4.23 vs. the industry median of 15.28, Horizon Oil 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 Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.28, based on 579 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. Horizon Oil's current EV-to-FCF of 7.95 is 48% 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 Horizon Oil and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Oil's current EV-to-FCF is 7.95, which is 88% above median its own 10-year median of 4.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 34.4% above its estimated fair value. The current EV-to-FCF is 7.95, which is 88% above median its 10-year median of 4.23 and 48% below the Oil & Gas industry median of 15.28. Horizon Oil's overall GF Score™ is 39/100 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 Horizon Oil (FRA:HOJ), the current EV-to-FCF is 7.95 as of Jul. 01, 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 Horizon Oil (FRA:HOJ) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued.
The current stock price of €0.12 is trading 34.4% above its estimated GF Value™ of €0.09.
GuruFocus considers Horizon Oil to be Significantly Overvalued.
Key valuation signals for FRA:HOJ:
EV-to-FCF: 7.95 (88% above median its 10-year median of 4.23)
GF Value™: €0.09 vs. price of €0.12 (34.4% above fair value)
Industry Position: 48% below the Oil & Gas median (#140 of 579)
No single metric tells the full story. See the FRA:HOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
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