D2LFRA:NE5 +1.69%60 EV-to-FCF is 11.59 as of Jul. 02, 2026, which is 51% below its 10-year median of 23.78. GuruFocus rates FRA:NE5 with a GF Score™ of 60/100 and a GF Value™ of €8.91 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,590 Software companies, D2L ranks better than 58.11% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, D2L's Enterprise Value is €269.8 Mil.
D2L's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was €23.3 Mil. Therefore, D2L's EV-to-FCF for today is 11.59.
The historical rank and industry rank for D2L's EV-to-FCF or its related term are showing as below:
FRA:NE5'
s EV-to-FCF Range Over the Past 10 Years
Min: -721.63 Med: 23.78 Max: 492.13
Current: 11.47
During the past 8 years, the highest EV-to-FCF of D2L was 492.13. The lowest was -721.63. And the median was 23.78.
FRA:NE5's EV-to-FCF is ranked better than 58.11% of 1590
companies
in the Software industry
Industry Median: 14.255
vs FRA:NE5: 11.47
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 (2026-07-02), D2L's stock price is €6.00.
D2L's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was €0.112. Therefore, D2L's PE Ratio (TTM) for today is 53.57.
D2L (FRA:NE5) 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.
D2L's share price for today is €6.00.
D2L's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.112.
* 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.
D2L EV-to-FCF Related Terms
D2L EV-to-FCF Historical Data
* Premium members only.
The historical data trend for D2L'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 Software - Application subindustry, D2L'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.
D2L EV-to-FCF vs Software Industry
For the Software industry and Technology sector, D2L's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where D2L's EV-to-FCF falls into.
D2L's current Enterprise Value is €269.8 Mil.
D2L's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €23.3 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.
D2L (FRA:NE5) has a EV-to-FCF of 11.59 as of Jul. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on D2L and its competitors. This is 51% below median its historical median of 23.78. According to the industry distribution chart, D2L ranks #666 out of 1590 companies in the Software industry, placing it in the top 41.9%.
Is D2L's EV-to-FCF too high?
D2L's current EV-to-FCF of 11.59 is 51% below median its 10-year median of 23.78. The Software industry median EV-to-FCF is 14.26. D2L's value of 11.59 is 18.7% below this industry median. Based on the distribution chart, D2L ranks #666 out of 1590 companies in the Software industry, which is above the industry midpoint. Overall, D2L has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does D2L's EV-to-FCF compare to UBER and SHOP?
According to the Software industry distribution chart, D2L ranks #666 out of 1590 companies for EV-to-FCF. This puts D2L in the upper half of its industry. The industry median EV-to-FCF is 14.26. D2L's value of 11.59 is 18.7% below this benchmark. While the company's 10-year median is 23.78 vs. the industry median of 14.26, D2L 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 Software company?
The median EV-to-FCF among Software companies is 14.26, based on 1,590 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. D2L's current EV-to-FCF of 11.59 is 18.7% 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 D2L and its competitors. For the Software industry, the median EV-to-FCF is 14.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D2L's current EV-to-FCF is 11.59, which is 51% below median its own 10-year median of 23.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D2L stock overvalued right now?
Based on GuruFocus' analysis, D2L (FRA:NE5) is currently considered Possible Value Trap. The stock's GF Value™ is €8.91, compared to a current price of €6.00 — trading 32.7% below its estimated fair value. The current EV-to-FCF is 11.59, which is 51% below median its 10-year median of 23.78 and 18.7% below the Software industry median of 14.26. D2L's overall GF Score™ is 60/100 with 5 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 D2L (FRA:NE5), the current EV-to-FCF is 11.59 as of Jul. 02, 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 D2L (FRA:NE5) Overvalued in 2026?
Based on GuruFocus' analysis, D2L stock appears to be undervalued.
The current stock price of €6.00 is trading 32.7% below its estimated GF Value™ of €8.91.
GuruFocus considers D2L to be Possible Value Trap.
Key valuation signals for FRA:NE5:
EV-to-FCF: 11.59 (51% below median its 10-year median of 23.78)
GF Value™: €8.91 vs. price of €6.00 (32.7% below fair value)
Industry Position: 18.7% below the Software median (#666 of 1590)
No single metric tells the full story. See the FRA:NE5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
D2L Inc is a learning innovation company. It provides cloud-based learning software for higher education institutions, kindergarten to grade 12 (K-12) schools and districts, and private sector enterprises. The company serves K-12, higher education, associations, and the corporate sector. Its product includes D2L Brightspace and D2L Wave. Geographically, It operates in United States, Canada and Rest of the World, where it derives maximum revenue from United States.
60GF Score
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