FirstrandNAM:FST -2.80%85 EV-to-FCF is 41.88 as of Jun. 24, 2026, which is 9% below its 10-year median of 46.12. GuruFocus rates NAM:FST with a GF Score™ of 85/100 and a GF Value™ of R84.35 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,191 Banks companies, Firstrand ranks worse than 91.86% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Firstrand's Enterprise Value is R398,840 Mil.
Firstrand's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was R9,524 Mil. Therefore, Firstrand's EV-to-FCF for today is 41.88.
The historical rank and industry rank for Firstrand's EV-to-FCF or its related term are showing as below:
NAM:FST'
s EV-to-FCF Range Over the Past 10 Years
Min: -1591.74 Med: 46.12 Max: 1330.09
Current: 41.81
During the past 13 years, the highest EV-to-FCF of Firstrand was 1330.09. The lowest was -1591.74. And the median was 46.12.
NAM:FST's EV-to-FCF is ranked worse than 91.86% of 1191
companies
in the Banks industry
Industry Median: 6.56
vs NAM:FST: 41.81
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.
Firstrand's share price for today is R96.23.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Firstrand's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R7.856.
* 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.
Firstrand EV-to-FCF Related Terms
Firstrand EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Firstrand'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 Banks - Diversified subindustry, Firstrand'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.
Firstrand EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, Firstrand's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Firstrand's EV-to-FCF falls into.
Firstrand's current Enterprise Value is R398,840 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Firstrand's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was R9,524 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.
Firstrand (NAM:FST) has a EV-to-FCF of 41.88 as of Jun. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Firstrand and its competitors. This is near median its historical median of 46.12. According to the industry distribution chart, Firstrand ranks #1094 out of 1191 companies in the Banks industry, placing it in the top 91.9%.
Is Firstrand's EV-to-FCF too high?
Firstrand's current EV-to-FCF of 41.88 is near median its 10-year median of 46.12. The Banks industry median EV-to-FCF is 6.56. Firstrand's value of 41.88 is 538.4% above this industry median. Based on the distribution chart, Firstrand ranks #1094 out of 1191 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Firstrand has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's EV-to-FCF compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #1094 out of 1191 companies for EV-to-FCF. This places Firstrand in the lower half of its industry. The industry median EV-to-FCF is 6.56. Firstrand's value of 41.88 is 538.4% above this benchmark. While the company's 10-year median is 46.12 vs. the industry median of 6.56, Firstrand has consistently been above 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 a Banks company?
The median EV-to-FCF among Banks companies is 6.56, based on 1,191 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. Firstrand's current EV-to-FCF of 41.88 is 538.4% above 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 Firstrand and its competitors. For the Banks industry, the median EV-to-FCF is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstrand's current EV-to-FCF is 41.88, which is near median its own 10-year median of 46.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (NAM:FST) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.35, compared to a current price of R96.23 — trading 14.1% above its estimated fair value. The current EV-to-FCF is 41.88, which is near median its 10-year median of 46.12 and 538.4% above the Banks industry median of 6.56. Firstrand's overall GF Score™ is 85/100 with 4 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 Firstrand (NAM:FST), the current EV-to-FCF is 41.88 as of Jun. 24, 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 Firstrand (NAM:FST) Overvalued in 2026?
Based on GuruFocus' analysis, Firstrand stock appears to be overvalued.
The current stock price of R96.23 is trading 14.1% above its estimated GF Value™ of R84.35.
GuruFocus considers Firstrand to be Modestly Overvalued.
Key valuation signals for NAM:FST:
EV-to-FCF: 41.88 (near median its 10-year median of 46.12)
GF Value™: R84.35 vs. price of R96.23 (14.1% above fair value)
Industry Position: 538.4% above the Banks median (#1094 of 1191)
No single metric tells the full story. See the NAM:FST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
85GF Score
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