EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Northern Data AG's Enterprise Value is €1,208.55 Mil.
Northern Data AG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-83.55 Mil. Therefore, Northern Data AG's EV-to-FCF for today is -14.46.
The historical rank and industry rank for Northern Data AG's EV-to-FCF or its related term are showing as below:
MIL:1NB'
s EV-to-FCF Range Over the Past 10 Years
Min: -84.86 Med: -6.24 Max: -0.06
Current: -14.66
During the past 12 years, the highest EV-to-FCF of Northern Data AG was -0.06. The lowest was -84.86. And the median was -6.24.
MIL:1NB's EV-to-FCF is ranked worse than 100% of 1589
companies
in the Software industry
Industry Median: 14.3
vs MIL:1NB: -14.66
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.
Northern Data AG's PE Ratio (TTM) for today is calculated as:
Northern Data AG's share price for today is €8.195.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Northern Data AG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-6.080.
* 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.
Northern Data AG EV-to-FCF Related Terms
Northern Data AG EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Northern Data AG'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 Information Technology Services subindustry, Northern Data AG'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.
Northern Data AG EV-to-FCF vs Software Industry
For the Software industry and Technology sector, Northern Data AG's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Northern Data AG's EV-to-FCF falls into.
Northern Data AG's current Enterprise Value is €1,208.55 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Northern Data AG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-83.55 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.
Northern Data AG (MIL:1NB) has a EV-to-FCF of -14.46 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Northern Data AG and its competitors. According to the industry distribution chart, Northern Data AG ranks #999999 out of 1589 companies in the Software industry.
Is Northern Data AG's EV-to-FCF too high?
Northern Data AG's current EV-to-FCF is -14.46. Based on the distribution chart, Northern Data AG ranks #999999 out of 1589 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Northern Data AG has a GF Score™ of 27/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northern Data AG's EV-to-FCF compare to IBM and ACN?
According to the Software industry distribution chart, Northern Data AG ranks #999999 out of 1589 companies for EV-to-FCF. This places Northern Data AG in the lower half of its industry. The industry median EV-to-FCF is 14.30. 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 Software company?
The median EV-to-FCF among Software companies is 14.30, based on 1,589 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 Northern Data AG and its competitors. For the Software industry, the median EV-to-FCF is 14.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Data AG's current EV-to-FCF is -14.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Data AG stock overvalued right now?
Based on GuruFocus' analysis, Northern Data AG (MIL:1NB) is currently considered Fairly Valued. The stock's GF Value™ is €9.01, compared to a current price of €8.20 — trading 9% below its estimated fair value. The current EV-to-FCF is -14.46. Northern Data AG's overall GF Score™ is 27/100 with 8 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 Northern Data AG (MIL:1NB), the current EV-to-FCF is -14.46 as of Jul. 03, 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 Northern Data AG (MIL:1NB) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Data AG stock appears to be undervalued.
The current stock price of €8.20 is trading 9% below its estimated GF Value™ of €9.01.
GuruFocus considers Northern Data AG to be Fairly Valued.
Key valuation signals for MIL:1NB:
EV-to-FCF: -14.46
GF Value™: €9.01 vs. price of €8.20 (9% below fair value)
No single metric tells the full story. See the MIL:1NB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Data AG is a Business-to-Business technology company developing, using, and selling solutions on vertically integrated computing infrastructure. Its segment includes Peak Mining; Taiga Cloud and Ardent Data Centers. Geographically, it operates in Europe (excluding Germany), North America, and Germany. The company derives maximum revenue from Europe.
27GF Score
Get the complete analysis for MIL:1NB
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
MIL:1NB has been successfully added to your 
