Techstep ASA (OSTO:TECHO) EV-to-FCF: -7.14 (As of Jul. 15, 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.

OSTO:TECHO Techstep ASA OSTO:TECHO
46 GF Score
Price kr32.80
GF Value kr39.71
! 5 Warning Signs
View Full Analysis

What is Techstep ASA EV-to-FCF?

Techstep ASA OSTO:TECHO 46 EV-to-FCF is -7.14 as of Jul. 15, 2026. GuruFocus rates OSTO:TECHO with a GF Score™ of 46/100 and a GF Value™ of kr39.71. The stock has 5 warning signs investors should review. Among 1,334 Hardware companies, Techstep ASA ranks worse than 74962.44% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Techstep ASA's Enterprise Value is kr363.6 Mil. Techstep ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was kr-50.9 Mil. Therefore, Techstep ASA's EV-to-FCF for today is -7.14.

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

OSTO:TECHo' s EV-to-FCF Range Over the Past 10 Years
Min: -309.47   Med: -14.47   Max: 87.48
Current: -7.03

During the past 13 years, the highest EV-to-FCF of Techstep ASA was 87.48. The lowest was -309.47. And the median was -14.47.

OSTO:TECHo's EV-to-FCF is ranked worse than
100% of 1334 companies
in the Hardware industry
Industry Median: 22.91 vs OSTO:TECHo: -7.03

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 (2026-07-15), Techstep ASA's stock price is kr32.80244. Techstep ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was kr-3.100. Therefore, Techstep ASA's PE Ratio (TTM) for today is At Loss.


Techstep ASA  (OSTO:TECHo) 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.

Techstep ASA's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=32.80244/-3.100
=At Loss

Techstep ASA's share price for today is kr32.80244.
Techstep ASA'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 kr-3.100.

* 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.


Techstep ASA EV-to-FCF Related Terms


Techstep ASA EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Techstep ASA'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.

Techstep ASA EV-to-FCF Chart

Techstep ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.11 -8.22 46.73 -28.89 -16.42

Techstep ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -191.52 77.63 -18.12 -16.42 -8.95

OSTO:TECHO vs CSCO, CIEN, MSI: EV-to-FCF Comparison

For the Communication Equipment subindustry, Techstep ASA'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.


Techstep ASA EV-to-FCF vs Hardware Industry

For the Hardware industry and Technology sector, Techstep ASA's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Techstep ASA's EV-to-FCF falls into.


OSTO:TECHO
46GF Score
Techstep ASA OSTO:TECHO
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Techstep ASA EV-to-FCF Calculation

Techstep ASA's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=363.579/-50.927
=-7.14

Techstep ASA's current Enterprise Value is kr363.6 Mil.
Techstep ASA'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 kr-50.9 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 -7.14 mean?
Techstep ASA (OSTO:TECHO) has a EV-to-FCF of -7.14 as of Jul. 15, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Techstep ASA and its competitors. According to the industry distribution chart, Techstep ASA ranks #999999 out of 1334 companies in the Hardware industry.
Is Techstep ASA's EV-to-FCF too high?
Techstep ASA's current EV-to-FCF is -7.14. Based on the distribution chart, Techstep ASA ranks #999999 out of 1334 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Techstep ASA has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Techstep ASA's EV-to-FCF compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Techstep ASA ranks #999999 out of 1334 companies for EV-to-FCF. This places Techstep ASA in the lower half of its industry. The industry median EV-to-FCF is 22.91. 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 Hardware company?
The median EV-to-FCF among Hardware companies is 22.91, based on 1,334 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 Techstep ASA and its competitors. For the Hardware industry, the median EV-to-FCF is 22.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techstep ASA's current EV-to-FCF is -7.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techstep ASA stock overvalued right now?
Techstep ASA (OSTO:TECHO) has a current EV-to-FCF of -7.14. The stock's GF Value™ is kr39.71, compared to a current price of kr32.80 — trading 17.4% below its estimated fair value. The current EV-to-FCF is -7.14. Techstep ASA's overall GF Score™ is 46/100 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 Techstep ASA (OSTO:TECHO), the current EV-to-FCF is -7.14 as of Jul. 15, 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 Techstep ASA (OSTO:TECHO) Overvalued in 2026?

Based on GuruFocus' analysis, Techstep ASA stock appears to be undervalued. The current stock price of kr32.80 is trading 17.4% below its estimated GF Value™ of kr39.71.

Key valuation signals for OSTO:TECHO:

  • EV-to-FCF: -7.14
  • GF Value™: kr39.71 vs. price of kr32.80 (17.4% below fair value)
  • GF Score™: 46/100 with 5 warning signs

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


Techstep ASA Business Description

Other Exchanges TECH:Norway0K2D:UK
Address Brynsalleen 4, Oslo, NOR, 0667
Techstep ASA is a Nordic enabler of the mobile workplace, delivering a full range of devices and services to facilitate mobile workplaces. The company bundles mobile devices, software, information security, and expertise for its customers. Its Device Lifecycle Management Platform enables IT vendors to scale and optimise their Device-as-a-Service business, enhancing efficiency, control, and user experience at every lifecycle stage. In addition, the company offers various workplace devices and services such as mobile devices and accessories, laptops, device management and security services, and others. A majority of its revenue is generated from the provision of workplace devices for its clients. Geographically, it derives maximum revenue from Norway, followed by Sweden, Denmark, and Poland.
46GF Score

Get the complete analysis for OSTO:TECHO

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

kr32.80
Price
kr39.71
GF Value