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Incannex HealthcareIXHL -5.45%32 EV-to-FCF is 2.20 as of Jul. 26, 2026. GuruFocus rates IXHL with a GF Score™ of 32/100. The stock has 2 warning signs investors should review. Among 568 Drug Manufacturers companies, Incannex Healthcare ranks better than 95.77% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Incannex Healthcare's Enterprise Value is $-39.04 Mil.
Incannex Healthcare's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-17.73 Mil. Therefore, Incannex Healthcare's EV-to-FCF for today is 2.20.
The historical rank and industry rank for Incannex Healthcare's EV-to-FCF or its related term are showing as below:
IXHL'
s EV-to-FCF Range Over the Past 10 Years
Min: -15.13 Med: -1.8 Max: 2.22
Current: 2.2
During the past 13 years, the highest EV-to-FCF of Incannex Healthcare was 2.22. The lowest was -15.13. And the median was -1.80.
IXHL's EV-to-FCF is ranked better than 95.77% of 568
companies
in the Drug Manufacturers industry
Industry Median: 20.43
vs IXHL: 2.20
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.
Incannex Healthcare's PE Ratio (TTM) for today is calculated as:
Incannex Healthcare's share price for today is $2.95.
Incannex Healthcare'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 $-6.428.
* 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.
Incannex Healthcare EV-to-FCF Related Terms
Incannex Healthcare EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Incannex Healthcare'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 Drug Manufacturers - Specialty & Generic subindustry, Incannex Healthcare'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.
Incannex Healthcare EV-to-FCF vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Incannex Healthcare's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Incannex Healthcare's EV-to-FCF falls into.
Incannex Healthcare's current Enterprise Value is $-39.04 Mil.
Incannex Healthcare'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 $-17.73 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.
Incannex Healthcare (IXHL) has a EV-to-FCF of 2.20 as of Jul. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Incannex Healthcare and its competitors. According to the industry distribution chart, Incannex Healthcare ranks #24 out of 568 companies in the Drug Manufacturers industry, placing it in the top 4.2%.
Is Incannex Healthcare's EV-to-FCF too high?
Incannex Healthcare's current EV-to-FCF is 2.20. The Drug Manufacturers industry median EV-to-FCF is 20.43. Incannex Healthcare's value of 2.20 is 89.2% below this industry median. Based on the distribution chart, Incannex Healthcare ranks #24 out of 568 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Incannex Healthcare has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Incannex Healthcare's EV-to-FCF compare to BTAI and SCYX?
According to the Drug Manufacturers industry distribution chart, Incannex Healthcare ranks #24 out of 568 companies for EV-to-FCF. This places Incannex Healthcare in the top 4% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 20.43. Incannex Healthcare's value of 2.20 is 89.2% below this benchmark. 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 Drug Manufacturers company?
The median EV-to-FCF among Drug Manufacturers companies is 20.43, based on 568 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. Incannex Healthcare's current EV-to-FCF of 2.20 is 89.2% 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 Incannex Healthcare and its competitors. For the Drug Manufacturers industry, the median EV-to-FCF is 20.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Incannex Healthcare's current EV-to-FCF is 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Incannex Healthcare stock overvalued right now?
Incannex Healthcare (IXHL) has a current EV-to-FCF of 2.20. The current EV-to-FCF is 2.20 and 89.2% below the Drug Manufacturers industry median of 20.43. Incannex Healthcare's 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 Incannex Healthcare (IXHL), the current EV-to-FCF is 2.20 as of Jul. 26, 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.
Incannex Healthcare Inc is a clinical stage pharmaceutical company developing medical cannabis products for the treatment of Obstructive Sleep Apnea (OSA), Traumatic Brain Injury (TBI)/Concussion, Rheumatoid Arthritis, Inflammatory Bowel Disease, and Inflammatory Lung Conditions. The company has an Australian license to import, export, and distribute medicinal cannabis products and has launched a line of cannabinoid products. The Company operates and manages its business as one reportable and operating segment, which is the Research and Development of the use of psychedelic medicine and therapies.
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