Findex (TSE:3649) EV-to-FCF: (As of Jul. 19, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
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Charlie Tian
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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.

TSE:3649 Findex Inc TSE:3649
95 GF Score
Price 円859.00
GF Value 円931.38
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Findex EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Findex's Enterprise Value is 円19,592 Mil. Findex's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was 円0 Mil. Therefore, Findex's EV-to-FCF for today is .

The historical rank and industry rank for Findex's EV-to-FCF or its related term are showing as below:

TSE:3649' s EV-to-FCF Range Over the Past 10 Years
Min: 0   Med: 0   Max: 14.45
Current: 14.45

During the past 13 years, the highest EV-to-FCF of Findex was 14.45. The lowest was 0.00. And the median was 0.00.

TSE:3649's EV-to-FCF is ranked better than
59.16% of 404 companies
in the Healthcare Providers & Services industry
Industry Median: 18.215 vs TSE:3649: 14.45

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.

As of today (2026-07-19), Findex's stock price is 円859.00. Findex's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was 円27.420. Therefore, Findex's PE Ratio (TTM) for today is 31.33.


Findex  (TSE:3649) 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.

Findex's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=859.00/27.420
=31.33

Findex's share price for today is 円859.00.
Findex'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 円27.420.

* 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.


Findex EV-to-FCF Related Terms


Findex EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Findex'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.

Findex EV-to-FCF Chart

Findex Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.10 26.93 42.38 12.68 15.13

Findex Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 15.13 0.00

TSE:3649 vs VEEV, BTSG, TEM: EV-to-FCF Comparison

For the Health Information Services subindustry, Findex'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.


Findex EV-to-FCF vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Findex's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Findex's EV-to-FCF falls into.


TSE:3649
95GF Score
Findex Inc TSE:3649
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Findex EV-to-FCF Calculation

Findex's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=19592.117/0
=

Findex's current Enterprise Value is 円19,592 Mil.
Findex'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 円0 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.

Is Findex (TSE:3649) Overvalued in 2026?

Based on GuruFocus' analysis, Findex stock appears to be undervalued. The current stock price of 円859.00 is trading 7.8% below its estimated GF Value™ of 円931.38. GuruFocus considers Findex to be Fairly Valued.

Key valuation signals for TSE:3649:

  • EV-to-FCF:
  • GF Value™: 円931.38 vs. price of 円859.00 (7.8% below fair value)
  • GF Score™: 95/100 with 1 warning sign

No single metric tells the full story. See the TSE:3649 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Findex Business Description

Address 1-7-2 Otemachi, Tokyo Sankei Building, 26th Floor, Chiyoda-Ku, Matsuyama, JPN, 100-0004
Findex Inc is engaged in the operation of the system development business and health tech business.
95GF Score

Get the complete analysis for TSE:3649

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円859.00
Price
円931.38
GF Value