National Petroleum CoTPE:9937 +0.55%78 EV-to-FCF is 23.58 as of Jul. 06, 2026, which is 50% above its 10-year median of 15.69. GuruFocus rates TPE:9937 with a GF Score™ of 78/100 and a GF Value™ of NT$59.39 (Fairly Valued). The stock has 4 warning signs investors should review. Among 773 Retail - Cyclical companies, National Petroleum Co ranks worse than 69.6% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, National Petroleum Co's Enterprise Value is NT$20,308 Mil.
National Petroleum Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$861 Mil. Therefore, National Petroleum Co's EV-to-FCF for today is 23.58.
The historical rank and industry rank for National Petroleum Co's EV-to-FCF or its related term are showing as below:
TPE:9937'
s EV-to-FCF Range Over the Past 10 Years
Min: -101.25 Med: 15.69 Max: 52.53
Current: 23.58
During the past 13 years, the highest EV-to-FCF of National Petroleum Co was 52.53. The lowest was -101.25. And the median was 15.69.
TPE:9937's EV-to-FCF is ranked worse than 69.6% of 773
companies
in the Retail - Cyclical industry
Industry Median: 13.76
vs TPE:9937: 23.58
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 Petroleum Co (TPE:9937) 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 Petroleum Co's PE Ratio (TTM) for today is calculated as:
National Petroleum Co's share price for today is NT$55.30.
National Petroleum Co'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$2.360.
* 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 Specialty Retail subindustry, National Petroleum 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.
National Petroleum Co EV-to-FCF vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, National Petroleum Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where National Petroleum Co's EV-to-FCF falls into.
National Petroleum Co's current Enterprise Value is NT$20,308 Mil.
National Petroleum Co'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$861 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 Petroleum Co (TPE:9937) has a EV-to-FCF of 23.58 as of Jul. 06, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on National Petroleum Co and its competitors. This is 50% above median its historical median of 15.69. According to the industry distribution chart, National Petroleum Co ranks #538 out of 773 companies in the Retail - Cyclical industry, placing it in the top 69.6%.
Is National Petroleum Co's EV-to-FCF too high?
National Petroleum Co's current EV-to-FCF of 23.58 is 50% above median its 10-year median of 15.69. The Retail - Cyclical industry median EV-to-FCF is 13.76. National Petroleum Co's value of 23.58 is 71.4% above this industry median. Based on the distribution chart, National Petroleum Co ranks #538 out of 773 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, National Petroleum Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Petroleum Co's EV-to-FCF compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, National Petroleum Co ranks #538 out of 773 companies for EV-to-FCF. This places National Petroleum Co in the lower half of its industry. The industry median EV-to-FCF is 13.76. National Petroleum Co's value of 23.58 is 71.4% above this benchmark. While the company's 10-year median is 15.69 vs. the industry median of 13.76, National Petroleum Co has consistently been above 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 Retail - Cyclical company?
The median EV-to-FCF among Retail - Cyclical companies is 13.76, based on 773 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 Petroleum Co's current EV-to-FCF of 23.58 is 71.4% above 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 Petroleum Co and its competitors. For the Retail - Cyclical industry, the median EV-to-FCF is 13.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Petroleum Co's current EV-to-FCF is 23.58, which is 50% above median its own 10-year median of 15.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Petroleum Co stock overvalued right now?
Based on GuruFocus' analysis, National Petroleum Co (TPE:9937) is currently considered Fairly Valued. The stock's GF Value™ is NT$59.39, compared to a current price of NT$55.30 — trading 6.9% below its estimated fair value. The current EV-to-FCF is 23.58, which is 50% above median its 10-year median of 15.69 and 71.4% above the Retail - Cyclical industry median of 13.76. National Petroleum Co's overall GF Score™ is 78/100 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 National Petroleum Co (TPE:9937), the current EV-to-FCF is 23.58 as of Jul. 06, 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 Petroleum Co (TPE:9937) Overvalued in 2026?
Based on GuruFocus' analysis, National Petroleum Co stock appears to be undervalued.
The current stock price of NT$55.30 is trading 6.9% below its estimated GF Value™ of NT$59.39.
GuruFocus considers National Petroleum Co to be Fairly Valued.
Key valuation signals for TPE:9937:
EV-to-FCF: 23.58 (50% above median its 10-year median of 15.69)
GF Value™: NT$59.39 vs. price of NT$55.30 (6.9% below fair value)
Industry Position: 71.4% above the Retail - Cyclical median (#538 of 773)
No single metric tells the full story. See the TPE:9937 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Petroleum Co Ltd is engaged in providing and selling gasoline, diesel, and lubricant, as well as car washing services. The main revenue of the Group is generated from the sales of refined petroleum products supplied and sold through the Group's gas stations. The sales targets are mainly consumers at gas stations.
78GF Score
Get the complete analysis for TPE:9937
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:9937 has been successfully added to your 
