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Fortress MineralsSGX:OAJ -6.00%55 EV-to-FCF is 14.43 as of Aug. 07, 2026, which is 21% above its 10-year median of 11.97. GuruFocus rates SGX:OAJ with a GF Score™ of 55/100 and a GF Value™ of S$0.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 356 Steel companies, Fortress Minerals ranks better than 52.25% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Fortress Minerals's Enterprise Value is S$134.87 Mil.
Fortress Minerals's Free Cash Flow for the trailing twelve months (TTM) ended in May. 2026 was S$9.35 Mil. Therefore, Fortress Minerals's EV-to-FCF for today is 14.43.
The historical rank and industry rank for Fortress Minerals's EV-to-FCF or its related term are showing as below:
SGX:OAJ'
s EV-to-FCF Range Over the Past 10 Years
Min: -880.66 Med: 11.97 Max: 30.31
Current: 15
During the past 11 years, the highest EV-to-FCF of Fortress Minerals was 30.31. The lowest was -880.66. And the median was 11.97.
SGX:OAJ's EV-to-FCF is ranked better than 52.25% of 356
companies
in the Steel industry
Industry Median: 15.94
vs SGX:OAJ: 15.00
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.
Fortress Minerals's PE Ratio (TTM) for today is calculated as:
Fortress Minerals's share price for today is S$0.235.
Fortress Minerals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was S$0.026.
* 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.
Fortress Minerals EV-to-FCF Related Terms
Fortress Minerals EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Fortress Minerals'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 Steel subindustry, Fortress Minerals'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.
Fortress Minerals EV-to-FCF vs Steel Industry
For the Steel industry and Basic Materials sector, Fortress Minerals's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Fortress Minerals's EV-to-FCF falls into.
Fortress Minerals's current Enterprise Value is S$134.87 Mil.
Fortress Minerals's Free Cash Flow for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was S$9.35 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.
Fortress Minerals (SGX:OAJ) has a EV-to-FCF of 14.43 as of Aug. 07, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Fortress Minerals and its competitors. This is 21% above median its historical median of 11.97. According to the industry distribution chart, Fortress Minerals ranks #170 out of 356 companies in the Steel industry, placing it in the top 47.8%.
Is Fortress Minerals' EV-to-FCF too high?
Fortress Minerals' current EV-to-FCF of 14.43 is 21% above median its 10-year median of 11.97. The Steel industry median EV-to-FCF is 15.94. Fortress Minerals' value of 14.43 is 9.5% below this industry median. Based on the distribution chart, Fortress Minerals ranks #170 out of 356 companies in the Steel industry, which is above the industry midpoint. Overall, Fortress Minerals has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fortress Minerals' EV-to-FCF compare to NUE and STLD?
According to the Steel industry distribution chart, Fortress Minerals ranks #170 out of 356 companies for EV-to-FCF. This puts Fortress Minerals in the upper half of its industry. The industry median EV-to-FCF is 15.94. Fortress Minerals' value of 14.43 is 9.5% below this benchmark. While the company's 10-year median is 11.97 vs. the industry median of 15.94, Fortress Minerals has consistently been below 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 Steel company?
The median EV-to-FCF among Steel companies is 15.94, based on 356 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. Fortress Minerals's current EV-to-FCF of 14.43 is 9.5% 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 Fortress Minerals and its competitors. For the Steel industry, the median EV-to-FCF is 15.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortress Minerals's current EV-to-FCF is 14.43, which is 21% above median its own 10-year median of 11.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortress Minerals stock overvalued right now?
Based on GuruFocus' analysis, Fortress Minerals (SGX:OAJ) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.33, compared to a current price of S$0.24 — trading 28.8% below its estimated fair value. The current EV-to-FCF is 14.43, which is 21% above median its 10-year median of 11.97 and 9.5% below the Steel industry median of 15.94. Fortress Minerals' overall GF Score™ is 55/100 with 4 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 Fortress Minerals (SGX:OAJ), the current EV-to-FCF is 14.43 as of Aug. 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 Fortress Minerals (SGX:OAJ) Overvalued in 2026?
Based on GuruFocus' analysis, Fortress Minerals stock appears to be undervalued.
The current stock price of S$0.24 is trading 28.8% below its estimated GF Value™ of S$0.33.
GuruFocus considers Fortress Minerals to be Modestly Undervalued.
Key valuation signals for SGX:OAJ:
EV-to-FCF: 14.43 (21% above median its 10-year median of 11.97)
GF Value™: S$0.33 vs. price of S$0.24 (28.8% below fair value)
Industry Position: 9.5% below the Steel median (#170 of 356)
No single metric tells the full story. See the SGX:OAJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in the exploration, mining, production, and sale of iron ore with low levels of impurities. It mines the iron ore from its East, Valley, and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from the sale of iron ore.
55GF Score
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