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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, China Bills Finance's Enterprise Value is NT$22,023 Mil.
China Bills Finance's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-8,303 Mil. Therefore, China Bills Finance's EV-to-FCF for today is -2.65.
The historical rank and industry rank for China Bills Finance's EV-to-FCF or its related term are showing as below:
TPE:2820'
s EV-to-FCF Range Over the Past 10 Years
Min: -42.8 Med: -0.74 Max: 117.93
Current: -2.72
During the past 13 years, the highest EV-to-FCF of China Bills Finance was 117.93. The lowest was -42.80. And the median was -0.74.
TPE:2820's EV-to-FCF is ranked worse than 100% of 447
companies
in the Capital Markets industry
Industry Median: 9.64
vs TPE:2820: -2.72
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.
China Bills Finance (TPE:2820) 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.
China Bills Finance's PE Ratio (TTM) for today is calculated as:
China Bills Finance's share price for today is NT$16.65.
China Bills Finance's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$1.330.
* 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.
China Bills Finance EV-to-FCF Related Terms
China Bills Finance EV-to-FCF Historical Data
* Premium members only.
The historical data trend for China Bills Finance'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 Capital Markets subindustry, China Bills Finance'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.
China Bills Finance EV-to-FCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, China Bills Finance's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where China Bills Finance's EV-to-FCF falls into.
China Bills Finance's current Enterprise Value is NT$22,023 Mil.
China Bills Finance's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-8,303 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.
China Bills Finance (TPE:2820) has a EV-to-FCF of -2.65 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on China Bills Finance and its competitors. According to the industry distribution chart, China Bills Finance ranks #999999 out of 447 companies in the Capital Markets industry.
Is China Bills Finance's EV-to-FCF too high?
China Bills Finance's current EV-to-FCF is -2.65. Based on the distribution chart, China Bills Finance ranks #999999 out of 447 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, China Bills Finance has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Bills Finance's EV-to-FCF compare to MS and GS?
According to the Capital Markets industry distribution chart, China Bills Finance ranks #999999 out of 447 companies for EV-to-FCF. This places China Bills Finance in the lower half of its industry. The industry median EV-to-FCF is 9.64. 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 Capital Markets company?
The median EV-to-FCF among Capital Markets companies is 9.64, based on 447 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 China Bills Finance and its competitors. For the Capital Markets industry, the median EV-to-FCF is 9.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Bills Finance's current EV-to-FCF is -2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Bills Finance stock overvalued right now?
Based on GuruFocus' analysis, China Bills Finance (TPE:2820) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$24.43, compared to a current price of NT$16.65 — trading 31.8% below its estimated fair value. The current EV-to-FCF is -2.65. China Bills Finance's overall GF Score™ is 62/100 with 2 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 China Bills Finance (TPE:2820), the current EV-to-FCF is -2.65 as of Jul. 14, 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 China Bills Finance (TPE:2820) Overvalued in 2026?
Based on GuruFocus' analysis, China Bills Finance stock appears to be undervalued.
The current stock price of NT$16.65 is trading 31.8% below its estimated GF Value™ of NT$24.43.
GuruFocus considers China Bills Finance to be Significantly Undervalued.
Key valuation signals for TPE:2820:
EV-to-FCF: -2.65
GF Value™: NT$24.43 vs. price of NT$16.65 (31.8% below fair value)
No single metric tells the full story. See the TPE:2820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Bills Finance Corp focuses on corporate financing and fixed-income commodities. The company's business activities consist of certifying and underwriting of short-term bills and bank debentures; brokering or undertaking proprietary trading of short-term bills, bank debentures, government and corporate bonds, and foreign bonds; guaranteeing short-term bills; providing financial consulting services to enterprises; processing interbank call loans; equity investments; fixed-income security trading; (h) foreign-currency bills investment; and doing other businesses as authorized by relevant authorities. Its business is concentrated in Taiwan.
62GF Score
Get the complete analysis for TPE:2820
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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