National Bank of CanadaSTU:NBC -1.17%74 EV-to-FCF is 6.14 as of Jun. 30, 2026, which is 12% below its 10-year median of 7.00. GuruFocus rates STU:NBC with a GF Score™ of 74/100 and a GF Value™ of €92.02 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,196 Banks companies, National Bank of Canada ranks better than 51.59% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, National Bank of Canada's Enterprise Value is €99,060 Mil.
National Bank of Canada's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was €16,142 Mil. Therefore, National Bank of Canada's EV-to-FCF for today is 6.14.
The historical rank and industry rank for National Bank of Canada's EV-to-FCF or its related term are showing as below:
STU:NBC'
s EV-to-FCF Range Over the Past 10 Years
Min: -150.38 Med: 7 Max: 40.38
Current: 6.17
During the past 13 years, the highest EV-to-FCF of National Bank of Canada was 40.38. The lowest was -150.38. And the median was 7.00.
STU:NBC's EV-to-FCF is ranked better than 51.59% of 1196
companies
in the Banks industry
Industry Median: 6.545
vs STU:NBC: 6.17
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.
National Bank of Canada (STU:NBC) 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.
National Bank of Canada's PE Ratio (TTM) for today is calculated as:
National Bank of Canada's share price for today is €135.60.
National Bank of Canada'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 €6.998.
* 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.
* 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 Banks - Diversified subindustry, National Bank of Canada'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.
National Bank of Canada EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, National Bank of Canada's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where National Bank of Canada's EV-to-FCF falls into.
National Bank of Canada's current Enterprise Value is €99,060 Mil.
National Bank of Canada'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 €16,142 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.
National Bank of Canada (STU:NBC) has a EV-to-FCF of 6.14 as of Jun. 30, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on National Bank of Canada and its competitors. This is 12% below median its historical median of 7.00. According to the industry distribution chart, National Bank of Canada ranks #579 out of 1196 companies in the Banks industry, placing it in the top 48.4%.
Is National Bank of Canada's EV-to-FCF too high?
National Bank of Canada's current EV-to-FCF of 6.14 is 12% below median its 10-year median of 7.00. The Banks industry median EV-to-FCF is 6.55. National Bank of Canada's value of 6.14 is 6.2% below this industry median. Based on the distribution chart, National Bank of Canada ranks #579 out of 1196 companies in the Banks industry, which is above the industry midpoint. Overall, National Bank of Canada has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank of Canada's EV-to-FCF compare to JPM and BAC?
According to the Banks industry distribution chart, National Bank of Canada ranks #579 out of 1196 companies for EV-to-FCF. This puts National Bank of Canada in the upper half of its industry. The industry median EV-to-FCF is 6.55. National Bank of Canada's value of 6.14 is 6.2% below this benchmark. While the company's 10-year median is 7.00 vs. the industry median of 6.55, National Bank of Canada 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 Banks company?
The median EV-to-FCF among Banks companies is 6.55, based on 1,196 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. National Bank of Canada's current EV-to-FCF of 6.14 is 6.2% 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 National Bank of Canada and its competitors. For the Banks industry, the median EV-to-FCF is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Bank of Canada's current EV-to-FCF is 6.14, which is 12% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of Canada stock overvalued right now?
Based on GuruFocus' analysis, National Bank of Canada (STU:NBC) is currently considered Significantly Overvalued. The stock's GF Value™ is €92.02, compared to a current price of €135.60 — trading 47.4% above its estimated fair value. The current EV-to-FCF is 6.14, which is 12% below median its 10-year median of 7.00 and 6.2% below the Banks industry median of 6.55. National Bank of Canada's overall GF Score™ is 74/100 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 National Bank of Canada (STU:NBC), the current EV-to-FCF is 6.14 as of Jun. 30, 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 National Bank of Canada (STU:NBC) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank of Canada stock appears to be overvalued.
The current stock price of €135.60 is trading 47.4% above its estimated GF Value™ of €92.02.
GuruFocus considers National Bank of Canada to be Significantly Overvalued.
Key valuation signals for STU:NBC:
EV-to-FCF: 6.14 (12% below median its 10-year median of 7.00)
GF Value™: €92.02 vs. price of €135.60 (47.4% above fair value)
Industry Position: 6.2% below the Banks median (#579 of 1196)
No single metric tells the full story. See the STU:NBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank of Canada is the sixth-largest bank in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth management and capital markets services. The bank derives around 45% of its 2025 revenue from the province of Quebec, with additional operations in the rest of Canada and the United States. National Bank of Canada also owns ABA Bank, one of the largest commercial banks in Cambodia.
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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