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, Activation Group Holdings's Enterprise Value is HK$250.8 Mil.
Activation Group Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-7.9 Mil. Therefore, Activation Group Holdings's EV-to-FCF for today is -31.92.
The historical rank and industry rank for Activation Group Holdings's EV-to-FCF or its related term are showing as below:
HKSE:09919'
s EV-to-FCF Range Over the Past 10 Years
Min: -59.78 Med: 2.33 Max: 13.4
Current: -31.92
During the past 10 years, the highest EV-to-FCF of Activation Group Holdings was 13.40. The lowest was -59.78. And the median was 2.33.
HKSE:09919's EV-to-FCF is ranked worse than 100% of 599
companies
in the Media - Diversified industry
Industry Median: 11.78
vs HKSE:09919: -31.92
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.
Activation Group Holdings (HKSE:09919) 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.
Activation Group Holdings's PE Ratio (TTM) for today is calculated as:
Activation Group Holdings's share price for today is HK$0.765.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Activation Group Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$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.
Activation Group Holdings EV-to-FCF Related Terms
Activation Group Holdings EV-to-FCF Historical Data
* 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 Advertising Agencies subindustry, Activation 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.
Activation Group Holdings EV-to-FCF vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Activation Group Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Activation Group Holdings's EV-to-FCF falls into.
Activation Group Holdings's current Enterprise Value is HK$250.8 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Activation Group Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-7.9 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.
Activation Group Holdings (HKSE:09919) has a EV-to-FCF of -31.92 as of Aug. 31, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Activation Group Holdings and its competitors. According to the industry distribution chart, Activation Group Holdings ranks #999999 out of 599 companies in the Media - Diversified industry.
Is Activation Group Holdings' EV-to-FCF too high?
Activation Group Holdings' current EV-to-FCF is -31.92. Based on the distribution chart, Activation Group Holdings ranks #999999 out of 599 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Activation Group Holdings has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Activation Group Holdings' EV-to-FCF compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Activation Group Holdings ranks #999999 out of 599 companies for EV-to-FCF. This places Activation Group Holdings in the lower half of its industry. The industry median EV-to-FCF is 11.78. 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 Media - Diversified company?
The median EV-to-FCF among Media - Diversified companies is 11.78, based on 599 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 Activation Group Holdings and its competitors. For the Media - Diversified industry, the median EV-to-FCF is 11.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Activation Group Holdings's current EV-to-FCF is -31.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Activation Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Activation Group Holdings (HKSE:09919) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.26, compared to a current price of HK$0.77 — trading 39.3% below its estimated fair value. The current EV-to-FCF is -31.92. Activation Group Holdings' overall GF Score™ is 81/100 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 Activation Group Holdings (HKSE:09919), the current EV-to-FCF is -31.92 as of Aug. 31, 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 Activation Group Holdings (HKSE:09919) Overvalued in 2026?
Based on GuruFocus' analysis, Activation Group Holdings stock appears to be undervalued.
The current stock price of HK$0.77 is trading 39.3% below its estimated GF Value™ of HK$1.26.
GuruFocus considers Activation Group Holdings to be Possible Value Trap.
Key valuation signals for HKSE:09919:
EV-to-FCF: -31.92
GF Value™: HK$1.26 vs. price of HK$0.77 (39.3% below fair value)
No single metric tells the full story. See the HKSE:09919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Activation Group Holdings Ltd is an integrated marketing solutions provider. The company focuses on the provision of experiential marketing, digital and brand communication, and public relations services. Its operating segment includes Experiential marketing services, Digital and communication services, and IP development. The company generates maximum revenue from Experiential marketing services. Geographically, it derives a majority of revenue from Chinese Mainland and also has a presence in Hong Kong/Singapore.
81GF Score
Get the complete analysis for HKSE:09919
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
HKSE:09919 has been successfully added to your 
