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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Circle SpA's Enterprise Value is €62.08 Mil.
Circle SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.07 Mil. Therefore, Circle SpA's EV-to-FCF for today is -850.41.
The historical rank and industry rank for Circle SpA's EV-to-FCF or its related term are showing as below:
MIL:CIRC'
s EV-to-FCF Range Over the Past 10 Years
Min: -895.32 Med: -8.7 Max: 71.47
Current: -850.41
During the past 11 years, the highest EV-to-FCF of Circle SpA was 71.47. The lowest was -895.32. And the median was -8.70.
MIL:CIRC's EV-to-FCF is ranked worse than 100% of 1599
companies
in the Software industry
Industry Median: 14.62
vs MIL:CIRC: -850.41
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.
Circle SpA's share price for today is €13.55.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Circle SpA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.499.
* 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.
Circle SpA EV-to-FCF Related Terms
Circle SpA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Circle 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 Information Technology Services subindustry, Circle 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.
Circle SpA EV-to-FCF vs Software Industry
For the Software industry and Technology sector, Circle SpA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Circle SpA's EV-to-FCF falls into.
Circle SpA's current Enterprise Value is €62.08 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Circle SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.07 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.
Circle SpA (MIL:CIRC) has a EV-to-FCF of -850.41 as of Jul. 21, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Circle SpA and its competitors. According to the industry distribution chart, Circle SpA ranks #999999 out of 1599 companies in the Software industry.
Is Circle SpA's EV-to-FCF too high?
Circle SpA's current EV-to-FCF is -850.41. Based on the distribution chart, Circle SpA ranks #999999 out of 1599 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Circle SpA has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Circle SpA's EV-to-FCF compare to IBM and ACN?
According to the Software industry distribution chart, Circle SpA ranks #999999 out of 1599 companies for EV-to-FCF. This places Circle SpA in the lower half of its industry. The industry median EV-to-FCF is 14.62. 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 14.62, based on 1,599 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 Circle SpA and its competitors. For the Software industry, the median EV-to-FCF is 14.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Circle SpA's current EV-to-FCF is -850.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Circle SpA stock overvalued right now?
Based on GuruFocus' analysis, Circle SpA (MIL:CIRC) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.21, compared to a current price of €13.55 — trading 11% above its estimated fair value. The current EV-to-FCF is -850.41. Circle SpA's overall GF Score™ is 85/100 with 7 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 Circle SpA (MIL:CIRC), the current EV-to-FCF is -850.41 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 Circle SpA (MIL:CIRC) Overvalued in 2026?
Based on GuruFocus' analysis, Circle SpA stock appears to be overvalued.
The current stock price of €13.55 is trading 11% above its estimated GF Value™ of €12.21.
GuruFocus considers Circle SpA to be Modestly Overvalued.
Key valuation signals for MIL:CIRC:
EV-to-FCF: -850.41
GF Value™: €12.21 vs. price of €13.55 (11% above fair value)
No single metric tells the full story. See the MIL:CIRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Circle SpA is engaged in providing consulting services, technological solutions, and digital marketing services to companies operating predominantly in the logistics and transportation sectors. It provides strategic consulting services in the fields of port management, logistics, and transport, and also develops software solutions to optimize flow management and improve logistics processes. The company's service offerings in the digital marketing sector include; services for the analysis, identification, and use of multi-channel communication tools for the implementation of digital marketing strategies.
85GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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