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.
NextEnergy Solar FundLSE:NESF -0.59%37 EV-to-FCF is 3.29 as of Jul. 21, 2026, which is 34% below its 10-year median of 4.99. GuruFocus rates LSE:NESF with a GF Score™ of 37/100 and a GF Value™ of £0.01 (Significantly Overvalued). Among 939 Asset Management companies, NextEnergy Solar Fund ranks better than 87.11% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, NextEnergy Solar Fund's Enterprise Value is £263.65 Mil.
NextEnergy Solar Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £80.20 Mil. Therefore, NextEnergy Solar Fund's EV-to-FCF for today is 3.29.
The historical rank and industry rank for NextEnergy Solar Fund's EV-to-FCF or its related term are showing as below:
LSE:NESF'
s EV-to-FCF Range Over the Past 10 Years
Min: -13.76 Med: 4.99 Max: 24.5
Current: 3.31
During the past 12 years, the highest EV-to-FCF of NextEnergy Solar Fund was 24.50. The lowest was -13.76. And the median was 4.99.
LSE:NESF's EV-to-FCF is ranked better than 87.11% of 939
companies
in the Asset Management industry
Industry Median: 14.18
vs LSE:NESF: 3.31
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.
NextEnergy Solar Fund (LSE:NESF) 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.
NextEnergy Solar Fund's PE Ratio (TTM) for today is calculated as:
NextEnergy Solar Fund's share price for today is £0.502.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NextEnergy Solar Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was £-0.107.
* 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.
* 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 Asset Management subindustry, NextEnergy Solar Fund'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.
NextEnergy Solar Fund EV-to-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NextEnergy Solar Fund's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where NextEnergy Solar Fund's EV-to-FCF falls into.
NextEnergy Solar Fund's current Enterprise Value is £263.65 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NextEnergy Solar Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £80.20 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.
NextEnergy Solar Fund (LSE:NESF) has a EV-to-FCF of 3.29 as of Jul. 21, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NextEnergy Solar Fund and its competitors. This is 34% below median its historical median of 4.99. According to the industry distribution chart, NextEnergy Solar Fund ranks #121 out of 939 companies in the Asset Management industry, placing it in the top 12.9%.
Is NextEnergy Solar Fund's EV-to-FCF too high?
NextEnergy Solar Fund's current EV-to-FCF of 3.29 is 34% below median its 10-year median of 4.99. The Asset Management industry median EV-to-FCF is 14.18. NextEnergy Solar Fund's value of 3.29 is 76.8% below this industry median. Based on the distribution chart, NextEnergy Solar Fund ranks #121 out of 939 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, NextEnergy Solar Fund has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NextEnergy Solar Fund's EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, NextEnergy Solar Fund ranks #121 out of 939 companies for EV-to-FCF. This places NextEnergy Solar Fund in the top 13% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.18. NextEnergy Solar Fund's value of 3.29 is 76.8% below this benchmark. While the company's 10-year median is 4.99 vs. the industry median of 14.18, NextEnergy Solar Fund 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 an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.18, based on 939 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. NextEnergy Solar Fund's current EV-to-FCF of 3.29 is 76.8% 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 NextEnergy Solar Fund and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NextEnergy Solar Fund's current EV-to-FCF is 3.29, which is 34% below median its own 10-year median of 4.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextEnergy Solar Fund stock overvalued right now?
Based on GuruFocus' analysis, NextEnergy Solar Fund (LSE:NESF) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.01, compared to a current price of £0.50 — trading 4920% above its estimated fair value. The current EV-to-FCF is 3.29, which is 34% below median its 10-year median of 4.99 and 76.8% below the Asset Management industry median of 14.18. NextEnergy Solar Fund's overall GF Score™ is 37/100. 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 NextEnergy Solar Fund (LSE:NESF), the current EV-to-FCF is 3.29 as of Jul. 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.
Is NextEnergy Solar Fund (LSE:NESF) Overvalued in 2026?
Based on GuruFocus' analysis, NextEnergy Solar Fund stock appears to be overvalued.
The current stock price of £0.50 is trading 4920% above its estimated GF Value™ of £0.01.
GuruFocus considers NextEnergy Solar Fund to be Significantly Overvalued.
Key valuation signals for LSE:NESF:
EV-to-FCF: 3.29 (34% below median its 10-year median of 4.99)
GF Value™: £0.01 vs. price of £0.50 (4920% above fair value)
Industry Position: 76.8% below the Asset Management median (#121 of 939)
No single metric tells the full story. See the LSE:NESF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NextEnergy Solar Fund Ltd is a closed-ended investment company. The company seeks to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term. It invests in solar photovoltaic plants or debt financing through its subsidiaries and generates revenues from the sale of electricity.
37GF Score
Get the complete analysis for LSE:NESF
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
LSE:NESF has been successfully added to your 
