Azimut Holding SpAMIL:AZM -0.52%81 EV-to-FCF is 8.21 as of Jul. 04, 2026, which is 20% above its 10-year median of 6.82. GuruFocus rates MIL:AZM with a GF Score™ of 81/100 and a GF Value™ of €28.51 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 936 Asset Management companies, Azimut Holding SpA ranks better than 73.18% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Azimut Holding SpA's Enterprise Value is €4,675 Mil.
Azimut Holding SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €570 Mil. Therefore, Azimut Holding SpA's EV-to-FCF for today is 8.21.
The historical rank and industry rank for Azimut Holding SpA's EV-to-FCF or its related term are showing as below:
MIL:AZM'
s EV-to-FCF Range Over the Past 10 Years
Min: -790.35 Med: 6.82 Max: 5181.82
Current: 8.05
During the past 13 years, the highest EV-to-FCF of Azimut Holding SpA was 5181.82. The lowest was -790.35. And the median was 6.82.
MIL:AZM's EV-to-FCF is ranked better than 73.18% of 936
companies
in the Asset Management industry
Industry Median: 14.505
vs MIL:AZM: 8.05
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.
Azimut Holding SpA's PE Ratio (TTM) for today is calculated as:
Azimut Holding SpA's share price for today is €36.37.
Azimut Holding SpA'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 €3.780.
* 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.
Azimut Holding SpA EV-to-FCF Related Terms
Azimut Holding SpA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Azimut Holding SpA'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 Asset Management subindustry, Azimut Holding SpA'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.
Azimut Holding SpA EV-to-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Azimut Holding SpA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Azimut Holding SpA's EV-to-FCF falls into.
Azimut Holding SpA's current Enterprise Value is €4,675 Mil.
Azimut Holding SpA'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 €570 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.
Azimut Holding SpA (MIL:AZM) has a EV-to-FCF of 8.21 as of Jul. 04, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Azimut Holding SpA and its competitors. This is 20% above median its historical median of 6.82. According to the industry distribution chart, Azimut Holding SpA ranks #251 out of 936 companies in the Asset Management industry, placing it in the top 26.8%.
Is Azimut Holding SpA's EV-to-FCF too high?
Azimut Holding SpA's current EV-to-FCF of 8.21 is 20% above median its 10-year median of 6.82. The Asset Management industry median EV-to-FCF is 14.51. Azimut Holding SpA's value of 8.21 is 43.4% below this industry median. Based on the distribution chart, Azimut Holding SpA ranks #251 out of 936 companies in the Asset Management industry, which is above the industry midpoint. Overall, Azimut Holding SpA has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Azimut Holding SpA's EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Azimut Holding SpA ranks #251 out of 936 companies for EV-to-FCF. This puts Azimut Holding SpA in the upper half of its industry. The industry median EV-to-FCF is 14.51. Azimut Holding SpA's value of 8.21 is 43.4% below this benchmark. While the company's 10-year median is 6.82 vs. the industry median of 14.51, Azimut Holding SpA 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 14.51, based on 936 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. Azimut Holding SpA's current EV-to-FCF of 8.21 is 43.4% 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 Azimut Holding SpA and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azimut Holding SpA's current EV-to-FCF is 8.21, which is 20% above median its own 10-year median of 6.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azimut Holding SpA stock overvalued right now?
Based on GuruFocus' analysis, Azimut Holding SpA (MIL:AZM) is currently considered Modestly Overvalued. The stock's GF Value™ is €28.51, compared to a current price of €36.37 — trading 27.6% above its estimated fair value. The current EV-to-FCF is 8.21, which is 20% above median its 10-year median of 6.82 and 43.4% below the Asset Management industry median of 14.51. Azimut Holding SpA's overall GF Score™ is 81/100 with 5 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 Azimut Holding SpA (MIL:AZM), the current EV-to-FCF is 8.21 as of Jul. 04, 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 Azimut Holding SpA (MIL:AZM) Overvalued in 2026?
Based on GuruFocus' analysis, Azimut Holding SpA stock appears to be overvalued.
The current stock price of €36.37 is trading 27.6% above its estimated GF Value™ of €28.51.
GuruFocus considers Azimut Holding SpA to be Modestly Overvalued.
Key valuation signals for MIL:AZM:
EV-to-FCF: 8.21 (20% above median its 10-year median of 6.82)
GF Value™: €28.51 vs. price of €36.37 (27.6% above fair value)
Industry Position: 43.4% below the Asset Management median (#251 of 936)
No single metric tells the full story. See the MIL:AZM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azimut Holding SpA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.
81GF Score
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