Harboes Bryggeri AS (OCSE:HARB B) EV-to-FCF: -12.28 (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OCSE:HARB B Harboes Bryggeri AS OCSE:HARB B
66 GF Score
Price kr109.40
GF Value kr122.39
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Harboes Bryggeri AS EV-to-FCF?

Harboes Bryggeri AS OCSE:HARB B -0.73% 66 EV-to-FCF is -12.28 as of Jul. 24, 2026. GuruFocus rates OCSE:HARB B with a GF Score™ of 66/100 and a GF Value™ of kr122.39 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 137 Beverages - Alcoholic companies, Harboes Bryggeri AS ranks worse than 729926.28% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Harboes Bryggeri AS's Enterprise Value is kr805 Mil. Harboes Bryggeri AS's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was kr-66 Mil. Therefore, Harboes Bryggeri AS's EV-to-FCF for today is -12.28.

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

OCSE:HARB B' s EV-to-FCF Range Over the Past 10 Years
Min: -287.49   Med: 6.21   Max: 49.31
Current: -12.28

During the past 13 years, the highest EV-to-FCF of Harboes Bryggeri AS was 49.31. The lowest was -287.49. And the median was 6.21.

OCSE:HARB B's EV-to-FCF is ranked worse than
100% of 137 companies
in the Beverages - Alcoholic industry
Industry Median: 17.25 vs OCSE:HARB B: -12.28

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 (2026-07-24), Harboes Bryggeri AS's stock price is kr109.40. Harboes Bryggeri AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was kr5.416. Therefore, Harboes Bryggeri AS's PE Ratio (TTM) for today is 20.20.


Harboes Bryggeri AS  (OCSE:HARB B) 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.

Harboes Bryggeri AS's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=109.40/5.416
=20.20

Harboes Bryggeri AS's share price for today is kr109.40.
Harboes Bryggeri AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr5.416.

* 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.


Harboes Bryggeri AS EV-to-FCF Related Terms


Harboes Bryggeri AS EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Harboes Bryggeri AS'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.

Harboes Bryggeri AS EV-to-FCF Chart

Harboes Bryggeri AS Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.32 -4.25 10.25 -27.06 -12.43

Harboes Bryggeri AS Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -27.06 -55.21 -88.27 11.26 -12.43

OCSE:HARB B vs BUD, STZ, TAP: EV-to-FCF Comparison

For the Beverages - Brewers subindustry, Harboes Bryggeri AS'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.


Harboes Bryggeri AS EV-to-FCF vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri AS's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Harboes Bryggeri AS's EV-to-FCF falls into.


OCSE:HARB B
66GF Score
Harboes Bryggeri AS OCSE:HARB B
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harboes Bryggeri AS EV-to-FCF Calculation

Harboes Bryggeri AS's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=804.756/-65.518
=-12.28

Harboes Bryggeri AS's current Enterprise Value is kr805 Mil.
Harboes Bryggeri AS's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-66 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of -12.28 mean?
Harboes Bryggeri AS (OCSE:HARB B) has a EV-to-FCF of -12.28 as of Jul. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Harboes Bryggeri AS and its competitors. According to the industry distribution chart, Harboes Bryggeri AS ranks #999999 out of 137 companies in the Beverages - Alcoholic industry.
Is Harboes Bryggeri AS's EV-to-FCF too high?
Harboes Bryggeri AS's current EV-to-FCF is -12.28. Based on the distribution chart, Harboes Bryggeri AS ranks #999999 out of 137 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Harboes Bryggeri AS has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harboes Bryggeri AS's EV-to-FCF compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Harboes Bryggeri AS ranks #999999 out of 137 companies for EV-to-FCF. This places Harboes Bryggeri AS in the lower half of its industry. The industry median EV-to-FCF is 17.25. 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 Beverages - Alcoholic company?
The median EV-to-FCF among Beverages - Alcoholic companies is 17.25, based on 137 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 Harboes Bryggeri AS and its competitors. For the Beverages - Alcoholic industry, the median EV-to-FCF is 17.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harboes Bryggeri AS's current EV-to-FCF is -12.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harboes Bryggeri AS stock overvalued right now?
Based on GuruFocus' analysis, Harboes Bryggeri AS (OCSE:HARB B) is currently considered Modestly Undervalued. The stock's GF Value™ is kr122.39, compared to a current price of kr109.40 — trading 10.6% below its estimated fair value. The current EV-to-FCF is -12.28. Harboes Bryggeri AS's overall GF Score™ is 66/100 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 Harboes Bryggeri AS (OCSE:HARB B), the current EV-to-FCF is -12.28 as of Jul. 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 Harboes Bryggeri AS (OCSE:HARB B) Overvalued in 2026?

Based on GuruFocus' analysis, Harboes Bryggeri AS stock appears to be undervalued. The current stock price of kr109.40 is trading 10.6% below its estimated GF Value™ of kr122.39. GuruFocus considers Harboes Bryggeri AS to be Modestly Undervalued.

Key valuation signals for OCSE:HARB B:

  • EV-to-FCF: -12.28
  • GF Value™: kr122.39 vs. price of kr109.40 (10.6% below fair value)
  • GF Score™: 66/100 with 5 warning signs

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


Harboes Bryggeri AS Business Description

Other Exchanges 0ENE:UK
Address Spegerborgvej 34, Skaelskor, DNK, 4230
Harboes Bryggeri AS is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.
66GF Score

Get the complete analysis for OCSE:HARB B

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

kr109.40
Price
kr122.39
GF Value