Alexander Forbes Group Holdings (JSE:AFH) EV-to-FCF: 1.08 (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

JSE:AFH Alexander Forbes Group Holdings Ltd JSE:AFH
68 GF Score
Price R7.06
GF Value R8.70
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Alexander Forbes Group Holdings EV-to-FCF?

Alexander Forbes Group Holdings JSE:AFH -4.59% 68 EV-to-FCF is 1.08 as of Jul. 29, 2026. GuruFocus rates JSE:AFH with a GF Score™ of 68/100 and a GF Value™ of R8.70 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 139 Diversified Financial Services companies, Alexander Forbes Group Holdings ranks better than 74.1% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Alexander Forbes Group Holdings's Enterprise Value is R6,317 Mil. Alexander Forbes Group Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was R5,841 Mil. Therefore, Alexander Forbes Group Holdings's EV-to-FCF for today is 1.08.

The historical rank and industry rank for Alexander Forbes Group Holdings's EV-to-FCF or its related term are showing as below:

JSE:AFH' s EV-to-FCF Range Over the Past 10 Years
Min: -13.1   Med: -0.38   Max: 8.85
Current: 1.09

During the past 13 years, the highest EV-to-FCF of Alexander Forbes Group Holdings was 8.85. The lowest was -13.10. And the median was -0.38.

JSE:AFH's EV-to-FCF is ranked better than
74.1% of 139 companies
in the Diversified Financial Services industry
Industry Median: 3.68 vs JSE:AFH: 1.09

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.

As of today (2026-07-29), Alexander Forbes Group Holdings's stock price is R7.06. Alexander Forbes Group Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was R0.637. Therefore, Alexander Forbes Group Holdings's PE Ratio (TTM) for today is 11.08.


Alexander Forbes Group Holdings  (JSE:AFH) 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.

Alexander Forbes Group Holdings's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=7.06/0.637
=11.08

Alexander Forbes Group Holdings's share price for today is R7.06.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Alexander Forbes Group Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was R0.637.

* 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.


Alexander Forbes Group Holdings EV-to-FCF Related Terms


Alexander Forbes Group Holdings EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Alexander Forbes 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.

Alexander Forbes Group Holdings EV-to-FCF Chart

Alexander Forbes Group Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.23 -12.26 -1.98 -0.84 0.97

Alexander Forbes Group Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.98 0.00 -0.84 0.00 0.97

JSE:AFH vs FRHC, VOYA: EV-to-FCF Comparison

For the Financial Conglomerates subindustry, Alexander Forbes 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.


Alexander Forbes Group Holdings EV-to-FCF vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Alexander Forbes Group Holdings's EV-to-FCF falls into.


JSE:AFH
68GF Score
Alexander Forbes Group Holdings Ltd JSE:AFH
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alexander Forbes Group Holdings EV-to-FCF Calculation

Alexander Forbes Group Holdings's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=6316.909/5841
=1.08

Alexander Forbes Group Holdings's current Enterprise Value is R6,317 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Alexander Forbes Group Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was R5,841 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 1.08 mean?
Alexander Forbes Group Holdings (JSE:AFH) has a EV-to-FCF of 1.08 as of Jul. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Alexander Forbes Group Holdings and its competitors. According to the industry distribution chart, Alexander Forbes Group Holdings ranks #36 out of 139 companies in the Diversified Financial Services industry, placing it in the top 25.9%.
Is Alexander Forbes Group Holdings' EV-to-FCF too high?
Alexander Forbes Group Holdings' current EV-to-FCF is 1.08. The Diversified Financial Services industry median EV-to-FCF is 3.68. Alexander Forbes Group Holdings' value of 1.08 is 70.7% below this industry median. Based on the distribution chart, Alexander Forbes Group Holdings ranks #36 out of 139 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Alexander Forbes Group Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Forbes Group Holdings' EV-to-FCF compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Alexander Forbes Group Holdings ranks #36 out of 139 companies for EV-to-FCF. This puts Alexander Forbes Group Holdings in the upper half of its industry. The industry median EV-to-FCF is 3.68. Alexander Forbes Group Holdings' value of 1.08 is 70.7% 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 Diversified Financial Services company?
The median EV-to-FCF among Diversified Financial Services companies is 3.68, 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. Alexander Forbes Group Holdings's current EV-to-FCF of 1.08 is 70.7% 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 Alexander Forbes Group Holdings and its competitors. For the Diversified Financial Services industry, the median EV-to-FCF is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Forbes Group Holdings's current EV-to-FCF is 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Forbes Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings (JSE:AFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.70, compared to a current price of R7.06 — trading 18.9% below its estimated fair value. The current EV-to-FCF is 1.08 and 70.7% below the Diversified Financial Services industry median of 3.68. Alexander Forbes Group Holdings' overall GF Score™ is 68/100 with 4 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 Alexander Forbes Group Holdings (JSE:AFH), the current EV-to-FCF is 1.08 as of Jul. 29, 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 Alexander Forbes Group Holdings (JSE:AFH) Overvalued in 2026?

Based on GuruFocus' analysis, Alexander Forbes Group Holdings stock appears to be undervalued. The current stock price of R7.06 is trading 18.9% below its estimated GF Value™ of R8.70. GuruFocus considers Alexander Forbes Group Holdings to be Modestly Undervalued.

Key valuation signals for JSE:AFH:

  • EV-to-FCF: 1.08
  • GF Value™: R8.70 vs. price of R7.06 (18.9% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 70.7% below the Diversified Financial Services median (#36 of 139)

No single metric tells the full story. See the JSE:AFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alexander Forbes Group Holdings Business Description

Address 115 West Street, Sandown, Johannesburg, GT, ZAF, 2196
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Retirement consulting, Investments, Healthcare, Preservation funds, and Others. The company also offers online services.
68GF Score

Get the complete analysis for JSE:AFH

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R7.06
Price
R8.70
GF Value