Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Fjord Defence Group ASA's Enterprise Value is €142.97 Mil.
Fjord Defence Group ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €-4.24 Mil. Therefore, Fjord Defence Group ASA's EV-to-FCF for today is -33.75.
The historical rank and industry rank for Fjord Defence Group ASA's EV-to-FCF or its related term are showing as below:
FRA:S5B0'
s EV-to-FCF Range Over the Past 10 Years
Min: -33.05 Med: -0.5 Max: 21.72
Current: -33.05
During the past 10 years, the highest EV-to-FCF of Fjord Defence Group ASA was 21.72. The lowest was -33.05. And the median was -0.50.
FRA:S5B0's EV-to-FCF is ranked worse than 100% of 182
companies
in the Aerospace & Defense industry
Industry Median: 34.04
vs FRA:S5B0: -33.05
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.
Fjord Defence Group ASA (FRA:S5B0) 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.
Fjord Defence Group ASA's PE Ratio (TTM) for today is calculated as:
Fjord Defence Group ASA's share price for today is €1.315.
Fjord Defence Group ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.311.
* 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.
* 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 Aerospace & Defense subindustry, Fjord Defence Group ASA'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.
Fjord Defence Group ASA EV-to-FCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Fjord Defence Group ASA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Fjord Defence Group ASA's EV-to-FCF falls into.
Fjord Defence Group ASA's current Enterprise Value is €142.97 Mil.
Fjord Defence Group ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-4.24 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.
Fjord Defence Group ASA (FRA:S5B0) has a EV-to-FCF of -33.75 as of Jul. 13, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Fjord Defence Group ASA and its competitors. According to the industry distribution chart, Fjord Defence Group ASA ranks #999999 out of 182 companies in the Aerospace & Defense industry.
Is Fjord Defence Group ASA's EV-to-FCF too high?
Fjord Defence Group ASA's current EV-to-FCF is -33.75. Based on the distribution chart, Fjord Defence Group ASA ranks #999999 out of 182 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Fjord Defence Group ASA has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fjord Defence Group ASA's EV-to-FCF compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Fjord Defence Group ASA ranks #999999 out of 182 companies for EV-to-FCF. This places Fjord Defence Group ASA in the lower half of its industry. The industry median EV-to-FCF is 34.04. 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 Aerospace & Defense company?
The median EV-to-FCF among Aerospace & Defense companies is 34.04, based on 182 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. 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 Fjord Defence Group ASA and its competitors. For the Aerospace & Defense industry, the median EV-to-FCF is 34.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fjord Defence Group ASA's current EV-to-FCF is -33.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fjord Defence Group ASA stock overvalued right now?
Based on GuruFocus' analysis, Fjord Defence Group ASA (FRA:S5B0) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.54, compared to a current price of €1.32 — trading 143.5% above its estimated fair value. The current EV-to-FCF is -33.75. Fjord Defence Group ASA'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 Fjord Defence Group ASA (FRA:S5B0), the current EV-to-FCF is -33.75 as of Jul. 13, 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 Fjord Defence Group ASA (FRA:S5B0) Overvalued in 2026?
Based on GuruFocus' analysis, Fjord Defence Group ASA stock appears to be overvalued.
The current stock price of €1.32 is trading 143.5% above its estimated GF Value™ of €0.54.
GuruFocus considers Fjord Defence Group ASA to be Significantly Overvalued.
Key valuation signals for FRA:S5B0:
EV-to-FCF: -33.75
GF Value™: €0.54 vs. price of €1.32 (143.5% above fair value)
No single metric tells the full story. See the FRA:S5B0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fjord Defence Group ASA is a Norwegian defence compounder engaged in acquiring and growing small to mid-sized profitable defence tech companies. The company is building a portfolio of fast-growing, profitable companies to capitalise on a c in defense spending.
39GF Score
Get the complete analysis for FRA:S5B0
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:S5B0 has been successfully added to your 
