EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, TON Strategy Co's Enterprise Value is $129.88 Mil.
TON Strategy Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-24.58 Mil. Therefore, TON Strategy Co's EV-to-FCF for today is -5.29.
The historical rank and industry rank for TON Strategy Co's EV-to-FCF or its related term are showing as below:
TONX'
s EV-to-FCF Range Over the Past 10 Years
Min: -134.34 Med: -3.46 Max: 1.09
Current: -5.29
During the past 13 years, the highest EV-to-FCF of TON Strategy Co was 1.09. The lowest was -134.34. And the median was -3.46.
TONX's EV-to-FCF is ranked worse than 100% of 1588
companies
in the Software industry
Industry Median: 14.105
vs TONX: -5.29
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.
TON Strategy Co's PE Ratio (TTM) for today is calculated as:
TON Strategy Co's share price for today is $2.91.
TON Strategy Co'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 $-5.151.
* 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.
TON Strategy Co EV-to-FCF Related Terms
TON Strategy Co EV-to-FCF Historical Data
* Premium members only.
The historical data trend for TON Strategy Co'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, TON Strategy Co'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.
TON Strategy Co EV-to-FCF vs Software Industry
For the Software industry and Technology sector, TON Strategy Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where TON Strategy Co's EV-to-FCF falls into.
TON Strategy Co's current Enterprise Value is $129.88 Mil.
TON Strategy Co'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 $-24.58 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.
TON Strategy Co (TONX) has a EV-to-FCF of -5.29 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on TON Strategy Co and its competitors. According to the industry distribution chart, TON Strategy Co ranks #999999 out of 1588 companies in the Software industry.
Is TON Strategy Co's EV-to-FCF too high?
TON Strategy Co's current EV-to-FCF is -5.29. Based on the distribution chart, TON Strategy Co ranks #999999 out of 1588 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, TON Strategy Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TON Strategy Co's EV-to-FCF compare to AIB and RDZN?
According to the Software industry distribution chart, TON Strategy Co ranks #999999 out of 1588 companies for EV-to-FCF. This places TON Strategy Co in the lower half of its industry. The industry median EV-to-FCF is 14.11. 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 14.11, based on 1,588 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 TON Strategy Co and its competitors. For the Software industry, the median EV-to-FCF is 14.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TON Strategy Co's current EV-to-FCF is -5.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TON Strategy Co stock overvalued right now?
Based on GuruFocus' analysis, TON Strategy Co (TONX) is currently considered Possible Value Trap. The stock's GF Value™ is $17.71, compared to a current price of $2.91 — trading 83.6% below its estimated fair value. The current EV-to-FCF is -5.29. TON Strategy Co's overall GF Score™ is 50/100 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 TON Strategy Co (TONX), the current EV-to-FCF is -5.29 as of Jul. 01, 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 TON Strategy Co (TONX) Overvalued in 2026?
Based on GuruFocus' analysis, TON Strategy Co stock appears to be undervalued.
The current stock price of $2.91 is trading 83.6% below its estimated GF Value™ of $17.71.
GuruFocus considers TON Strategy Co to be Possible Value Trap.
Key valuation signals for TONX:
EV-to-FCF: -5.29
GF Value™: $17.71 vs. price of $2.91 (83.6% below fair value)
No single metric tells the full story. See the TONX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TON Strategy Co is a digital asset treasury and Web3 ecosystem company focused on supporting The Open Network, a public blockchain integrated with Telegram and designed for fast, scalable transactions and decentralized applications. Its core business is managing its holdings of Toncoin (TON), including staking tokens to support network validation and earn rewards, while adhering to regulatory, accounting, and risk management standards. The company also pursues Web3 initiatives to support the ecosystem's growth and adoption. It operates through MARKET. live, Go Fund Yourself, and TON segments, with MARKET.live generating maximum revenue as a multi-vendor livestream shopping platform that combines e-commerce and entertainment across social and video channels.
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