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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Pagaya Technologies's Enterprise Value is $1,613 Mil.
Pagaya Technologies's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was $252 Mil. Therefore, Pagaya Technologies's EV-to-FCF for today is 6.41.
The historical rank and industry rank for Pagaya Technologies's EV-to-FCF or its related term are showing as below:
PGY'
s EV-to-FCF Range Over the Past 10 Years
Min: -14836.05 Med: -11.85 Max: 138.65
Current: 6.41
During the past 6 years, the highest EV-to-FCF of Pagaya Technologies was 138.65. The lowest was -14836.05. And the median was -11.85.
PGY's EV-to-FCF is ranked better than 82.38% of 1595
companies
in the Software industry
Industry Median: 15.72
vs PGY: 6.41
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.
Pagaya Technologies's PE Ratio (TTM) for today is calculated as:
Pagaya Technologies's share price for today is $23.26.
Pagaya Technologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.370.
* 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.
Pagaya Technologies EV-to-FCF Related Terms
Pagaya Technologies EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Pagaya Technologies'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 - Infrastructure subindustry, Pagaya Technologies'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.
Pagaya Technologies EV-to-FCF vs Software Industry
For the Software industry and Technology sector, Pagaya Technologies's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Pagaya Technologies's EV-to-FCF falls into.
Pagaya Technologies's current Enterprise Value is $1,613 Mil.
Pagaya Technologies's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $252 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.
Pagaya Technologies (PGY) has a EV-to-FCF of 6.41 as of Aug. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Pagaya Technologies and its competitors. According to the industry distribution chart, Pagaya Technologies ranks #281 out of 1595 companies in the Software industry, placing it in the top 17.6%.
Is Pagaya Technologies' EV-to-FCF too high?
Pagaya Technologies' current EV-to-FCF is 6.41. The Software industry median EV-to-FCF is 15.72. Pagaya Technologies' value of 6.41 is 59.2% below this industry median. Based on the distribution chart, Pagaya Technologies ranks #281 out of 1595 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Pagaya Technologies has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pagaya Technologies' EV-to-FCF compare to BRUN and GCT?
According to the Software industry distribution chart, Pagaya Technologies ranks #281 out of 1595 companies for EV-to-FCF. This places Pagaya Technologies in the top 18% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 15.72. Pagaya Technologies' value of 6.41 is 59.2% below this benchmark. 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 15.72, based on 1,595 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. Pagaya Technologies's current EV-to-FCF of 6.41 is 59.2% below 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 Pagaya Technologies and its competitors. For the Software industry, the median EV-to-FCF is 15.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pagaya Technologies's current EV-to-FCF is 6.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pagaya Technologies stock overvalued right now?
Based on GuruFocus' analysis, Pagaya Technologies (PGY) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.40, compared to a current price of $23.26 — trading 51% above its estimated fair value. The current EV-to-FCF is 6.41 and 59.2% below the Software industry median of 15.72. Pagaya Technologies' overall GF Score™ is 74/100 with 6 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 Pagaya Technologies (PGY), the current EV-to-FCF is 6.41 as of Aug. 27, 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 Pagaya Technologies (PGY) Overvalued in 2026?
Based on GuruFocus' analysis, Pagaya Technologies stock appears to be overvalued.
The current stock price of $23.26 is trading 51% above its estimated GF Value™ of $15.40.
GuruFocus considers Pagaya Technologies to be Significantly Overvalued.
Key valuation signals for PGY:
EV-to-FCF: 6.41
GF Value™: $15.40 vs. price of $23.26 (51% above fair value)
Industry Position: 59.2% below the Software median (#281 of 1595)
No single metric tells the full story. See the PGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pagaya Technologies Ltd is a product-focused technology company. It uses machine learning, a vast data network, and an AI-driven approach to offer comprehensive consumer credit and residential real estate products for its partners, their customers, and investors. Its suite of products includes Decline Monetization, Dual Look, First Look, Affiliate Optimizer Engine, Direct Marketing Engine, and FastPass, providing lenders with an AI-powered credit and acquisition ecosystem that helps them approve more borrowers, capture more demand, and grow without adding risk. Geographically, the company generates maximum revenue from its business in the United States.
74GF 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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