Li Ning CoFRA:LNL -0.52%98 EV-to-FCF is 4.63 as of Jul. 09, 2026, which is 78% below its 10-year median of 20.84. GuruFocus rates FRA:LNL with a GF Score™ of 98/100 and a GF Value™ of €54.84. The stock has 3 warning signs investors should review. Among 570 Travel & Leisure companies, Li Ning Co ranks better than 88.25% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Li Ning Co's Enterprise Value is €1,999 Mil.
Li Ning Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €431 Mil. Therefore, Li Ning Co's EV-to-FCF for today is 4.63.
The historical rank and industry rank for Li Ning Co's EV-to-FCF or its related term are showing as below:
FRA:LNL'
s EV-to-FCF Range Over the Past 10 Years
Min: 5.3 Med: 20.84 Max: 107.12
Current: 5.3
During the past 13 years, the highest EV-to-FCF of Li Ning Co was 107.12. The lowest was 5.30. And the median was 20.84.
FRA:LNL's EV-to-FCF is ranked better than 88.25% of 570
companies
in the Travel & Leisure industry
Industry Median: 15.54
vs FRA:LNL: 5.30
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.
Li Ning Co's share price for today is €38.60.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Li Ning Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €3.433.
* 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.
Li Ning Co EV-to-FCF Related Terms
Li Ning Co EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Li Ning Co'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 Leisure subindustry, Li Ning Co'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.
Li Ning Co EV-to-FCF vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Li Ning Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Li Ning Co's EV-to-FCF falls into.
Li Ning Co's current Enterprise Value is €1,999 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Li Ning Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €431 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.
Li Ning Co (FRA:LNL) has a EV-to-FCF of 4.63 as of Jul. 09, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Li Ning Co and its competitors. This is 78% below median its historical median of 20.84. Over the past decade, Li Ning Co's EV-to-FCF has ranged from 5.30 to 107.12. According to the industry distribution chart, Li Ning Co ranks #67 out of 570 companies in the Travel & Leisure industry, placing it in the top 11.8%.
Is Li Ning Co's EV-to-FCF too high?
Li Ning Co's current EV-to-FCF of 4.63 is 78% below median its 10-year median of 20.84. Over the past 10 years, this metric has ranged from a low of 5.30 to a high of 107.12. The Travel & Leisure industry median EV-to-FCF is 15.54. Li Ning Co's value of 4.63 is 70.2% below this industry median. Based on the distribution chart, Li Ning Co ranks #67 out of 570 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Li Ning Co has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Li Ning Co's EV-to-FCF compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Li Ning Co ranks #67 out of 570 companies for EV-to-FCF. This places Li Ning Co in the top 12% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 15.54. Li Ning Co's value of 4.63 is 70.2% below this benchmark. Historically, Li Ning Co's own EV-to-FCF has ranged from 5.30 to 107.12 over the past decade. While the company's 10-year median is 20.84 vs. the industry median of 15.54, Li Ning Co 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 a Travel & Leisure company?
The median EV-to-FCF among Travel & Leisure companies is 15.54, based on 570 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. Li Ning Co's current EV-to-FCF of 4.63 is 70.2% 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 Li Ning Co and its competitors. For the Travel & Leisure industry, the median EV-to-FCF is 15.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Li Ning Co's current EV-to-FCF is 4.63, which is 78% below median its own 10-year median of 20.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Li Ning Co stock overvalued right now?
Li Ning Co (FRA:LNL) has a current EV-to-FCF of 4.63. The stock's GF Value™ is €54.84, compared to a current price of €38.60 — trading 29.6% below its estimated fair value. The current EV-to-FCF is 4.63, which is 78% below median its 10-year median of 20.84 and 70.2% below the Travel & Leisure industry median of 15.54. Li Ning Co's overall GF Score™ is 98/100 with 3 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 Li Ning Co (FRA:LNL), the current EV-to-FCF is 4.63 as of Jul. 09, 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 Li Ning Co (FRA:LNL) Overvalued in 2026?
Based on GuruFocus' analysis, Li Ning Co stock appears to be undervalued.
The current stock price of €38.60 is trading 29.6% below its estimated GF Value™ of €54.84.
Key valuation signals for FRA:LNL:
EV-to-FCF: 4.63 (78% below median its 10-year median of 20.84)
GF Value™: €54.84 vs. price of €38.60 (29.6% below fair value)
Industry Position: 70.2% below the Travel & Leisure median (#67 of 570)
No single metric tells the full story. See the FRA:LNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2024, the company had 7,585 stores in China, of which 1,297 were directly operated, and the rest franchised.
98GF Score
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