Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Zyxel Group's Enterprise Value is NT$19,658 Mil.
Zyxel Group's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-209 Mil. Therefore, Zyxel Group's EV-to-FCF for today is -94.10.
The historical rank and industry rank for Zyxel Group's EV-to-FCF or its related term are showing as below:
TPE:3704'
s EV-to-FCF Range Over the Past 10 Years
Min: -409.03 Med: 2.01 Max: 153.94
Current: -87.71
During the past 13 years, the highest EV-to-FCF of Zyxel Group was 153.94. The lowest was -409.03. And the median was 2.01.
TPE:3704's EV-to-FCF is ranked worse than 100% of 1334
companies
in the Hardware industry
Industry Median: 22.855
vs TPE:3704: -87.71
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.
Zyxel Group's PE Ratio (TTM) for today is calculated as:
Zyxel Group's share price for today is NT$48.65.
Zyxel Group'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$1.550.
* 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.
Zyxel Group EV-to-FCF Related Terms
Zyxel Group EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Zyxel Group'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 Communication Equipment subindustry, Zyxel Group'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.
Zyxel Group EV-to-FCF vs Hardware Industry
For the Hardware industry and Technology sector, Zyxel Group's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Zyxel Group's EV-to-FCF falls into.
Zyxel Group's current Enterprise Value is NT$19,658 Mil.
Zyxel Group's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-209 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.
Zyxel Group (TPE:3704) has a EV-to-FCF of -94.10 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Zyxel Group and its competitors. According to the industry distribution chart, Zyxel Group ranks #999999 out of 1334 companies in the Hardware industry.
Is Zyxel Group's EV-to-FCF too high?
Zyxel Group's current EV-to-FCF is -94.10. Based on the distribution chart, Zyxel Group ranks #999999 out of 1334 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Zyxel Group has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zyxel Group's EV-to-FCF compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Zyxel Group ranks #999999 out of 1334 companies for EV-to-FCF. This places Zyxel Group in the lower half of its industry. The industry median EV-to-FCF is 22.86. 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 Hardware company?
The median EV-to-FCF among Hardware companies is 22.86, based on 1,334 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 Zyxel Group and its competitors. For the Hardware industry, the median EV-to-FCF is 22.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zyxel Group's current EV-to-FCF is -94.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zyxel Group stock overvalued right now?
Based on GuruFocus' analysis, Zyxel Group (TPE:3704) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$36.91, compared to a current price of NT$48.65 — trading 31.8% above its estimated fair value. The current EV-to-FCF is -94.10. Zyxel Group's overall GF Score™ is 74/100 with 5 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 Zyxel Group (TPE:3704), the current EV-to-FCF is -94.10 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 Zyxel Group (TPE:3704) Overvalued in 2026?
Based on GuruFocus' analysis, Zyxel Group stock appears to be overvalued.
The current stock price of NT$48.65 is trading 31.8% above its estimated GF Value™ of NT$36.91.
GuruFocus considers Zyxel Group to be Significantly Overvalued.
Key valuation signals for TPE:3704:
EV-to-FCF: -94.10
GF Value™: NT$36.91 vs. price of NT$48.65 (31.8% above fair value)
No single metric tells the full story. See the TPE:3704 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zyxel Group Corp is a Taiwan-based company that offers communications and networking products. It produces wifi systems, wireless extenders, home routers, cloud access cameras, switches, power and adapters, personal cloud storage, and security appliances and services. Geographically, it covers the United States, France, and other countries. It has four reportable segments: brand business segment, channel business segment, product business segment, and investment segment.
74GF Score
Get the complete analysis for TPE:3704
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:3704 has been successfully added to your 
