EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, ON24's Enterprise Value is $186.3 Mil.
ON24's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $4.0 Mil. Therefore, ON24's EV-to-FCF for today is 46.95.
The historical rank and industry rank for ON24's EV-to-FCF or its related term are showing as below:
ONTF'
s EV-to-FCF Range Over the Past 10 Years
Min: -32.11 Med: 5.92 Max: 593.42
Current: 46.95
During the past 8 years, the highest EV-to-FCF of ON24 was 593.42. The lowest was -32.11. And the median was 5.92.
ONTF's EV-to-FCF is not ranked
in the Software industry.
Industry Median: 14.655
vs ONTF: 46.95
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 (2026-07-07), ON24's stock price is $8.10.
ON24's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $-0.680. Therefore, ON24's PE Ratio (TTM) for today is At Loss.
ON24 (NYSE:ONTF) 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.
ON24's share price for today is $8.10.
ON24's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.680.
* 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.
ON24 EV-to-FCF Related Terms
ON24 EV-to-FCF Historical Data
* Premium members only.
The historical data trend for ON24'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 Software - Application subindustry, ON24'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.
ON24 EV-to-FCF vs Software Industry
For the Software industry and Technology sector, ON24's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where ON24's EV-to-FCF falls into.
ON24's current Enterprise Value is $186.3 Mil.
ON24's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.0 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.
ON24 (ONTF) has a EV-to-FCF of 46.95 as of Jul. 07, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ON24 and its competitors. This is 693% above median its historical median of 5.92.
Is ON24's EV-to-FCF too high?
ON24's current EV-to-FCF of 46.95 is 693% above median its 10-year median of 5.92. The Software industry median EV-to-FCF is 14.66. ON24's value of 46.95 is 220.4% above this industry median. Overall, ON24 has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does ON24's EV-to-FCF compare to APPS and SPT?
ON24's EV-to-FCF of 46.95 can be compared against companies in the Software industry. The industry median EV-to-FCF is 14.66. ON24's value of 46.95 is 220.4% above this benchmark. While the company's 10-year median is 5.92 vs. the industry median of 14.66, ON24 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 Software company?
The median EV-to-FCF among Software companies is 14.66, based on 1,590 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. ON24's current EV-to-FCF of 46.95 is 220.4% 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 ON24 and its competitors. For the Software industry, the median EV-to-FCF is 14.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ON24's current EV-to-FCF is 46.95, which is 693% above median its own 10-year median of 5.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ON24 stock overvalued right now?
ON24 (ONTF) has a current EV-to-FCF of 46.95. The stock's GF Value™ is $5.73, compared to a current price of $8.10 — trading 41.4% above its estimated fair value. The current EV-to-FCF is 46.95, which is 693% above median its 10-year median of 5.92 and 220.4% above the Software industry median of 14.66. ON24's overall GF Score™ is 39/100 with 7 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 ON24 (ONTF), the current EV-to-FCF is 46.95 as of Jul. 07, 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 ON24 (ONTF) Overvalued in 2026?
Based on GuruFocus' analysis, ON24 stock appears to be overvalued.
The current stock price of $8.10 is trading 41.4% above its estimated GF Value™ of $5.73.
Key valuation signals for ONTF:
EV-to-FCF: 46.95 (693% above median its 10-year median of 5.92)
GF Value™: $5.73 vs. price of $8.10 (41.4% above fair value)
Industry Position: 220.4% above the Software median
No single metric tells the full story. See the ONTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ON24 Inc provides a cloud-based intelligent engagement platform that combines experiences with personalization and content, to enable sales and marketing organizations to capture and act on connected insights at scale. The company's platform offers a portfolio of interactive and hyper-personalized digital experience products that create and capture actionable, real-time data at scale from millions of professionals to provide businesses with buying signals and behavioral insights to efficiently convert prospects into customers. It provides solutions to Financial services, Life Sciences, Life sciences, Insurance, Technology, Associations, and Others. Geographically, the company derives maximum revenue from United States, and also has its presence in EMEA and Other Countries.
39GF Score
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