National CineMediaNCMI -4.03%60 EV-to-FCF is 21.54 as of Jul. 06, 2026, which is 74% above its 10-year median of 12.39. GuruFocus rates NCMI with a GF Score™ of 60/100 and a GF Value™ of $4.46 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 610 Media - Diversified companies, National CineMedia ranks worse than 68.2% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, National CineMedia's Enterprise Value is $329.5 Mil.
National CineMedia's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $15.3 Mil. Therefore, National CineMedia's EV-to-FCF for today is 21.54.
The historical rank and industry rank for National CineMedia's EV-to-FCF or its related term are showing as below:
NCMI'
s EV-to-FCF Range Over the Past 10 Years
Min: -66.83 Med: 12.39 Max: 153.38
Current: 21.54
During the past 13 years, the highest EV-to-FCF of National CineMedia was 153.38. The lowest was -66.83. And the median was 12.39.
NCMI's EV-to-FCF is ranked worse than 68.2% of 610
companies
in the Media - Diversified industry
Industry Median: 11.69
vs NCMI: 21.54
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.
National CineMedia (NAS:NCMI) 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.
National CineMedia's PE Ratio (TTM) for today is calculated as:
National CineMedia's share price for today is $3.81.
National CineMedia'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 $-0.090.
* 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.
National CineMedia EV-to-FCF Related Terms
National CineMedia EV-to-FCF Historical Data
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The historical data trend for National CineMedia'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 Advertising Agencies subindustry, National CineMedia'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.
National CineMedia EV-to-FCF vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, National CineMedia's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where National CineMedia's EV-to-FCF falls into.
National CineMedia's current Enterprise Value is $329.5 Mil.
National CineMedia'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 $15.3 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.
National CineMedia (NCMI) has a EV-to-FCF of 21.54 as of Jul. 06, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on National CineMedia and its competitors. This is 74% above median its historical median of 12.39. According to the industry distribution chart, National CineMedia ranks #416 out of 610 companies in the Media - Diversified industry, placing it in the top 68.2%.
Is National CineMedia's EV-to-FCF too high?
National CineMedia's current EV-to-FCF of 21.54 is 74% above median its 10-year median of 12.39. The Media - Diversified industry median EV-to-FCF is 11.69. National CineMedia's value of 21.54 is 84.3% above this industry median. Based on the distribution chart, National CineMedia ranks #416 out of 610 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, National CineMedia has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National CineMedia's EV-to-FCF compare to NEXN and TC?
According to the Media - Diversified industry distribution chart, National CineMedia ranks #416 out of 610 companies for EV-to-FCF. This places National CineMedia in the lower half of its industry. The industry median EV-to-FCF is 11.69. National CineMedia's value of 21.54 is 84.3% above this benchmark. While the company's 10-year median is 12.39 vs. the industry median of 11.69, National CineMedia 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 Media - Diversified company?
The median EV-to-FCF among Media - Diversified companies is 11.69, based on 610 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. National CineMedia's current EV-to-FCF of 21.54 is 84.3% 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 National CineMedia and its competitors. For the Media - Diversified industry, the median EV-to-FCF is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National CineMedia's current EV-to-FCF is 21.54, which is 74% above median its own 10-year median of 12.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National CineMedia stock overvalued right now?
Based on GuruFocus' analysis, National CineMedia (NCMI) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.46, compared to a current price of $3.81 — trading 14.6% below its estimated fair value. The current EV-to-FCF is 21.54, which is 74% above median its 10-year median of 12.39 and 84.3% above the Media - Diversified industry median of 11.69. National CineMedia's overall GF Score™ is 60/100 with 2 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 National CineMedia (NCMI), the current EV-to-FCF is 21.54 as of Jul. 06, 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 National CineMedia (NCMI) Overvalued in 2026?
Based on GuruFocus' analysis, National CineMedia stock appears to be undervalued.
The current stock price of $3.81 is trading 14.6% below its estimated GF Value™ of $4.46.
GuruFocus considers National CineMedia to be Modestly Undervalued.
Key valuation signals for NCMI:
EV-to-FCF: 21.54 (74% above median its 10-year median of 12.39)
GF Value™: $4.46 vs. price of $3.81 (14.6% below fair value)
Industry Position: 84.3% above the Media - Diversified median (#416 of 610)
No single metric tells the full story. See the NCMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show and the CineLife Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
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