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FWD Group HoldingsHKSE:01828 +0.65%28 EV-to-FCF is 39.77 as of Aug. 21, 2026, which is 34% above its 10-year median of 29.73. GuruFocus rates HKSE:01828 with a GF Score™ of 28/100. The stock has 5 warning signs investors should review. Among 390 Insurance companies, FWD Group Holdings ranks worse than 90.26% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, FWD Group Holdings's Enterprise Value is HK$49,089 Mil.
FWD Group Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$1,234 Mil. Therefore, FWD Group Holdings's EV-to-FCF for today is 39.77.
The historical rank and industry rank for FWD Group Holdings's EV-to-FCF or its related term are showing as below:
HKSE:01828'
s EV-to-FCF Range Over the Past 10 Years
Min: 20.14 Med: 29.73 Max: 39.77
Current: 39.77
During the past 6 years, the highest EV-to-FCF of FWD Group Holdings was 39.77. The lowest was 20.14. And the median was 29.73.
HKSE:01828's EV-to-FCF is ranked worse than 90.26% of 390
companies
in the Insurance industry
Industry Median: 9.31
vs HKSE:01828: 39.77
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.
FWD Group Holdings (HKSE:01828) 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.
FWD Group Holdings's PE Ratio (TTM) for today is calculated as:
FWD Group Holdings's share price for today is HK$28.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. FWD Group Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$0.617.
* 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.
FWD Group Holdings EV-to-FCF Related Terms
FWD Group Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for FWD Group 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 Insurance - Life subindustry, FWD Group 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.
FWD Group Holdings EV-to-FCF vs Insurance Industry
For the Insurance industry and Financial Services sector, FWD Group Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where FWD Group Holdings's EV-to-FCF falls into.
FWD Group Holdings's current Enterprise Value is HK$49,089 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. FWD Group Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$1,234 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.
FWD Group Holdings (HKSE:01828) has a EV-to-FCF of 39.77 as of Aug. 21, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on FWD Group Holdings and its competitors. This is 34% above median its historical median of 29.73. Over the past decade, FWD Group Holdings' EV-to-FCF has ranged from 20.14 to 39.77. According to the industry distribution chart, FWD Group Holdings ranks #352 out of 390 companies in the Insurance industry, placing it in the top 90.3%.
Is FWD Group Holdings' EV-to-FCF too high?
FWD Group Holdings' current EV-to-FCF of 39.77 is 34% above median its 10-year median of 29.73. Over the past 10 years, this metric has ranged from a low of 20.14 to a high of 39.77. The Insurance industry median EV-to-FCF is 9.31. FWD Group Holdings' value of 39.77 is 327.2% above this industry median. Based on the distribution chart, FWD Group Holdings ranks #352 out of 390 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, FWD Group Holdings has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does FWD Group Holdings' EV-to-FCF compare to AFL and MET?
According to the Insurance industry distribution chart, FWD Group Holdings ranks #352 out of 390 companies for EV-to-FCF. This places FWD Group Holdings in the lower half of its industry. The industry median EV-to-FCF is 9.31. FWD Group Holdings' value of 39.77 is 327.2% above this benchmark. Historically, FWD Group Holdings' own EV-to-FCF has ranged from 20.14 to 39.77 over the past decade. While the company's 10-year median is 29.73 vs. the industry median of 9.31, FWD Group Holdings has consistently been above 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 Insurance company?
The median EV-to-FCF among Insurance companies is 9.31, based on 390 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. FWD Group Holdings's current EV-to-FCF of 39.77 is 327.2% above 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 FWD Group Holdings and its competitors. For the Insurance industry, the median EV-to-FCF is 9.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FWD Group Holdings's current EV-to-FCF is 39.77, which is 34% above median its own 10-year median of 29.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FWD Group Holdings stock overvalued right now?
FWD Group Holdings (HKSE:01828) has a current EV-to-FCF of 39.77. The current EV-to-FCF is 39.77, which is 34% above median its 10-year median of 29.73 and 327.2% above the Insurance industry median of 9.31. FWD Group Holdings' overall GF Score™ is 28/100 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 FWD Group Holdings (HKSE:01828), the current EV-to-FCF is 39.77 as of Aug. 21, 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.
FWD Group Holdings Ltd is a holding company. The Company and its subsidiaries are principally engaged in the provision of products and services focusing on life insurance, general insurance, and investment services (the Insurance Business). The operating segments of the company are each of the geographical markets in which the Operating Group operates, which are Hong Kong, Thailand, Japan, Emerging Markets & Corporate, and Others.
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