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Major HoldingsHKSE:01389 32 EV-to-FCF is -49.13 as of Aug. 16, 2026. GuruFocus rates HKSE:01389 with a GF Score™ of 32/100 and a GF Value™ of HK$0.15 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 139 Beverages - Alcoholic companies, Major Holdings ranks worse than 719423.74% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Major Holdings's Enterprise Value is HK$261.87 Mil.
Major Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-5.33 Mil. Therefore, Major Holdings's EV-to-FCF for today is -49.13.
The historical rank and industry rank for Major Holdings's EV-to-FCF or its related term are showing as below:
HKSE:01389'
s EV-to-FCF Range Over the Past 10 Years
Min: -1164.36 Med: 6.54 Max: 352.81
Current: -49.13
During the past 13 years, the highest EV-to-FCF of Major Holdings was 352.81. The lowest was -1164.36. And the median was 6.54.
HKSE:01389's EV-to-FCF is ranked worse than 100% of 139
companies
in the Beverages - Alcoholic industry
Industry Median: 17.48
vs HKSE:01389: -49.13
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.
Major Holdings's PE Ratio (TTM) for today is calculated as:
Major Holdings's share price for today is HK$0.48.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Major Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-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.
Major Holdings EV-to-FCF Related Terms
Major Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Major 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 Beverages - Wineries & Distilleries subindustry, Major 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.
Major Holdings EV-to-FCF vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Major Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Major Holdings's EV-to-FCF falls into.
Major Holdings's current Enterprise Value is HK$261.87 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Major Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-5.33 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.
Major Holdings (HKSE:01389) has a EV-to-FCF of -49.13 as of Aug. 16, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Major Holdings and its competitors. According to the industry distribution chart, Major Holdings ranks #999999 out of 139 companies in the Beverages - Alcoholic industry.
Is Major Holdings' EV-to-FCF too high?
Major Holdings' current EV-to-FCF is -49.13. Based on the distribution chart, Major Holdings ranks #999999 out of 139 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Major Holdings has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Holdings' EV-to-FCF compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Major Holdings ranks #999999 out of 139 companies for EV-to-FCF. This places Major Holdings in the lower half of its industry. The industry median EV-to-FCF is 17.48. 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 Beverages - Alcoholic company?
The median EV-to-FCF among Beverages - Alcoholic companies is 17.48, based on 139 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 Major Holdings and its competitors. For the Beverages - Alcoholic industry, the median EV-to-FCF is 17.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Holdings's current EV-to-FCF is -49.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Holdings stock overvalued right now?
Based on GuruFocus' analysis, Major Holdings (HKSE:01389) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.15, compared to a current price of HK$0.48 — trading 220% above its estimated fair value. The current EV-to-FCF is -49.13. Major Holdings' overall GF Score™ is 32/100 with 2 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 Major Holdings (HKSE:01389), the current EV-to-FCF is -49.13 as of Aug. 16, 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 Major Holdings (HKSE:01389) Overvalued in 2026?
Based on GuruFocus' analysis, Major Holdings stock appears to be overvalued.
The current stock price of HK$0.48 is trading 220% above its estimated GF Value™ of HK$0.15.
GuruFocus considers Major Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01389:
EV-to-FCF: -49.13
GF Value™: HK$0.15 vs. price of HK$0.48 (220% above fair value)
No single metric tells the full story. See the HKSE:01389 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Holdings Ltd is an investment holding company. The company is principally engaged in the distribution of wine and spirit products and wine accessory products in Hong Kong. The products of the company include Red wine, White wine, Sparkling wine, Spirits, Sake, Wine accessory products, and other products. The group offers products through its retail showrooms, a network of distributors, retail organizations, five-star hotels, and private clubs. The majority of the revenue of the company is derived from Hong Kong.
32GF Score
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