EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, FiscalNote Holdings's Enterprise Value is $122.32 Mil.
FiscalNote Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-18.58 Mil. Therefore, FiscalNote Holdings's EV-to-FCF for today is -6.58.
The historical rank and industry rank for FiscalNote Holdings's EV-to-FCF or its related term are showing as below:
NOTE'
s EV-to-FCF Range Over the Past 10 Years
Min: -57.35 Med: -9.67 Max: -3.98
Current: -6.58
During the past 7 years, the highest EV-to-FCF of FiscalNote Holdings was -3.98. The lowest was -57.35. And the median was -9.67.
NOTE's EV-to-FCF is ranked worse than 100% of 1589
companies
in the Software industry
Industry Median: 14.3
vs NOTE: -6.58
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.
FiscalNote Holdings's PE Ratio (TTM) for today is calculated as:
FiscalNote Holdings's share price for today is $0.1199.
FiscalNote Holdings'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 $-6.530.
* 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.
FiscalNote Holdings EV-to-FCF Related Terms
FiscalNote Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for FiscalNote Holdings'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, FiscalNote Holdings'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.
FiscalNote Holdings EV-to-FCF vs Software Industry
For the Software industry and Technology sector, FiscalNote Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where FiscalNote Holdings's EV-to-FCF falls into.
FiscalNote Holdings's current Enterprise Value is $122.32 Mil.
FiscalNote Holdings'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 $-18.58 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.
FiscalNote Holdings (NOTE) has a EV-to-FCF of -6.58 as of Jul. 05, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on FiscalNote Holdings and its competitors. According to the industry distribution chart, FiscalNote Holdings ranks #999999 out of 1589 companies in the Software industry.
Is FiscalNote Holdings' EV-to-FCF too high?
FiscalNote Holdings' current EV-to-FCF is -6.58. Based on the distribution chart, FiscalNote Holdings ranks #999999 out of 1589 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, FiscalNote Holdings has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FiscalNote Holdings' EV-to-FCF compare to DCSX and HKIT?
According to the Software industry distribution chart, FiscalNote Holdings ranks #999999 out of 1589 companies for EV-to-FCF. This places FiscalNote Holdings in the lower half of its industry. The industry median EV-to-FCF is 14.30. 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 14.30, based on 1,589 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 FiscalNote Holdings and its competitors. For the Software industry, the median EV-to-FCF is 14.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FiscalNote Holdings's current EV-to-FCF is -6.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FiscalNote Holdings stock overvalued right now?
Based on GuruFocus' analysis, FiscalNote Holdings (NOTE) is currently considered Possible Value Trap. The stock's GF Value™ is $6.25, compared to a current price of $0.12 — trading 98.1% below its estimated fair value. The current EV-to-FCF is -6.58. FiscalNote Holdings' overall GF Score™ is 42/100 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 FiscalNote Holdings (NOTE), the current EV-to-FCF is -6.58 as of Jul. 05, 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 FiscalNote Holdings (NOTE) Overvalued in 2026?
Based on GuruFocus' analysis, FiscalNote Holdings stock appears to be undervalued.
The current stock price of $0.12 is trading 98.1% below its estimated GF Value™ of $6.25.
GuruFocus considers FiscalNote Holdings to be Possible Value Trap.
Key valuation signals for NOTE:
EV-to-FCF: -6.58
GF Value™: $6.25 vs. price of $0.12 (98.1% below fair value)
No single metric tells the full story. See the NOTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FiscalNote Holdings Inc provides technology solutions for policy and market intelligence. Its offerings include legislative tracking, regulatory analysis, and stakeholder engagement through its platform, PolicyNote, which integrates policy data with monitoring tools and analysis. The company serves a diverse customer base comprising enterprises, midsized and smaller businesses, government agencies, law firms, professional services organizations, trade groups and non-profits in more than 40 countries. It derives revenue from subscription revenue arrangements and advisory, advertising and other revenues. Geographically, the company generates the majority of its revenue from North America, and the rest from Europe, Australia, and Asia.
42GF 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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