Argent IndustrialJSE:ART -0.27%68 EV-to-FCF is 7.68 as of Jun. 28, 2026, which is 26% above its 10-year median of 6.08. GuruFocus rates JSE:ART with a GF Score™ of 68/100 and a GF Value™ of R23.59 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 358 Steel companies, Argent Industrial ranks better than 74.02% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Argent Industrial's Enterprise Value is R1,574 Mil.
Argent Industrial's Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2025 was R205 Mil. Therefore, Argent Industrial's EV-to-FCF for today is 7.68.
The historical rank and industry rank for Argent Industrial's EV-to-FCF or its related term are showing as below:
JSE:ART'
s EV-to-FCF Range Over the Past 10 Years
Min: 2.28 Med: 6.08 Max: 31.15
Current: 7.68
During the past 13 years, the highest EV-to-FCF of Argent Industrial was 31.15. The lowest was 2.28. And the median was 6.08.
JSE:ART's EV-to-FCF is ranked better than 74.02% of 358
companies
in the Steel industry
Industry Median: 15.82
vs JSE:ART: 7.68
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.
Argent Industrial's PE Ratio (TTM) for today is calculated as:
Argent Industrial's share price for today is R36.50.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Argent Industrial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 was R5.277.
* 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.
Argent Industrial EV-to-FCF Related Terms
Argent Industrial EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Argent Industrial'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 Steel subindustry, Argent Industrial'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.
Argent Industrial EV-to-FCF vs Steel Industry
For the Steel industry and Basic Materials sector, Argent Industrial's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Argent Industrial's EV-to-FCF falls into.
Argent Industrial's current Enterprise Value is R1,574 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Argent Industrial's Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2025 was R205 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.
Argent Industrial (JSE:ART) has a EV-to-FCF of 7.68 as of Jun. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Argent Industrial and its competitors. This is 26% above median its historical median of 6.08. Over the past decade, Argent Industrial's EV-to-FCF has ranged from 2.28 to 31.15. According to the industry distribution chart, Argent Industrial ranks #93 out of 358 companies in the Steel industry, placing it in the top 26%.
Is Argent Industrial's EV-to-FCF too high?
Argent Industrial's current EV-to-FCF of 7.68 is 26% above median its 10-year median of 6.08. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 31.15. The Steel industry median EV-to-FCF is 15.82. Argent Industrial's value of 7.68 is 51.5% below this industry median. Based on the distribution chart, Argent Industrial ranks #93 out of 358 companies in the Steel industry, which is above the industry midpoint. Overall, Argent Industrial has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argent Industrial's EV-to-FCF compare to NUE and STLD?
According to the Steel industry distribution chart, Argent Industrial ranks #93 out of 358 companies for EV-to-FCF. This puts Argent Industrial in the upper half of its industry. The industry median EV-to-FCF is 15.82. Argent Industrial's value of 7.68 is 51.5% below this benchmark. Historically, Argent Industrial's own EV-to-FCF has ranged from 2.28 to 31.15 over the past decade. While the company's 10-year median is 6.08 vs. the industry median of 15.82, Argent Industrial has consistently been below 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 a Steel company?
The median EV-to-FCF among Steel companies is 15.82, based on 358 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. Argent Industrial's current EV-to-FCF of 7.68 is 51.5% 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 Argent Industrial and its competitors. For the Steel industry, the median EV-to-FCF is 15.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argent Industrial's current EV-to-FCF is 7.68, which is 26% above median its own 10-year median of 6.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argent Industrial stock overvalued right now?
Based on GuruFocus' analysis, Argent Industrial (JSE:ART) is currently considered Significantly Overvalued. The stock's GF Value™ is R23.59, compared to a current price of R36.50 — trading 54.7% above its estimated fair value. The current EV-to-FCF is 7.68, which is 26% above median its 10-year median of 6.08 and 51.5% below the Steel industry median of 15.82. Argent Industrial's 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 Argent Industrial (JSE:ART), the current EV-to-FCF is 7.68 as of Jun. 28, 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 Argent Industrial (JSE:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Argent Industrial stock appears to be overvalued.
The current stock price of R36.50 is trading 54.7% above its estimated GF Value™ of R23.59.
GuruFocus considers Argent Industrial to be Significantly Overvalued.
Key valuation signals for JSE:ART:
EV-to-FCF: 7.68 (26% above median its 10-year median of 6.08)
GF Value™: R23.59 vs. price of R36.50 (54.7% above fair value)
Industry Position: 51.5% below the Steel median (#93 of 358)
No single metric tells the full story. See the JSE:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group's manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.
68GF Score
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