NCBA Group (NAI:NCBA) EV-to-FCF: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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NAI:NCBA NCBA Group PLC NAI:NCBA
69 GF Score
Price KES89.25
GF Value KES54.75
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is NCBA Group EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, NCBA Group's Enterprise Value is KES41,734 Mil. NCBA Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was KES0 Mil. Therefore, NCBA Group's EV-to-FCF for today is .

The historical rank and industry rank for NCBA Group's EV-to-FCF or its related term are showing as below:

NAI:NCBA' s EV-to-FCF Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1.15
Current: 1.15

During the past 13 years, the highest EV-to-FCF of NCBA Group was 1.15. The lowest was 0.00. And the median was 0.00.

NAI:NCBA's EV-to-FCF is ranked better than
75.92% of 1192 companies
in the Banks industry
Industry Median: 6.71 vs NAI:NCBA: 1.15

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.

As of today (2026-07-22), NCBA Group's stock price is KES89.25. NCBA Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was KES14.490. Therefore, NCBA Group's PE Ratio (TTM) for today is 6.16.


NCBA Group  (NAI:NCBA) 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.

NCBA Group's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=89.25/14.490
=6.16

NCBA Group's share price for today is KES89.25.
NCBA Group'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 KES14.490.

* 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.


NCBA Group EV-to-FCF Related Terms


NCBA Group EV-to-FCF Historical Data

* Premium members only.

The historical data trend for NCBA Group'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.

NCBA Group EV-to-FCF Chart

NCBA Group Annual Data
Trend Dec15 Dec16 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.40 0.96 -0.89 0.34 0.86

NCBA Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.86 0.00

NCBA Group EV-to-FCF Competitor Comparison

For the Banks - Regional subindustry, NCBA Group'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.


NCBA Group EV-to-FCF vs Banks Industry

For the Banks industry and Financial Services sector, NCBA Group's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where NCBA Group's EV-to-FCF falls into.


NAI:NCBA
69GF Score
NCBA Group PLC NAI:NCBA
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NCBA Group EV-to-FCF Calculation

NCBA Group's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=41734.284/0
=

NCBA Group's current Enterprise Value is KES41,734 Mil.
NCBA Group'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 KES0 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.

Is NCBA Group (NAI:NCBA) Overvalued in 2026?

Based on GuruFocus' analysis, NCBA Group stock appears to be overvalued. The current stock price of KES89.25 is trading 63% above its estimated GF Value™ of KES54.75. GuruFocus considers NCBA Group to be Significantly Overvalued.

Key valuation signals for NAI:NCBA:

  • EV-to-FCF:
  • GF Value™: KES54.75 vs. price of KES89.25 (63% above fair value)
  • GF Score™: 69/100 with 1 warning sign

No single metric tells the full story. See the NAI:NCBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NCBA Group Business Description

Address Mara and Ragati Roads, P.O. Box 44599-00100, NCBA Centre, Upper hill, Nairobi, KEN
NCBA Group PLC and its subsidiaries provide retail, corporate, and digital banking, brokerage, bancassurance, insurance, and investment banking services. The Group's operating divisions are: Corporate and institutional banking, Retail banking (SME and Consumer banking), Treasury dealing, Digital Bank, Investment banking, and Insurance. Through these divisions, it caters to different segments of customers from medium and large corporates to high net worth and other retail individual clients, offering them various kinds of financial products and services, such as deposit accounts, loans, advisory, digital banking, and wealth management solutions, among others. The Group's geographical segments are: Kenya, Uganda, Tanzania, Rwanda, and Ghana. The majority of its revenue is derived from Kenya.
69GF Score

Get the complete analysis for NAI:NCBA

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

KES89.25
Price
KES54.75
GF Value