Shift (TSE:3697) EV-to-FCF: (As of Jul. 14, 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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:3697 Shift Inc TSE:3697
77 GF Score
Price 円703.30
GF Value 円1,746.15
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Shift EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Shift's Enterprise Value is 円175,385 Mil. Shift's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 was 円0 Mil. Therefore, Shift's EV-to-FCF for today is .

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

TSE:3697' s EV-to-FCF Range Over the Past 10 Years
Min: 0   Med: 0   Max: 11.89
Current: 11.89

During the past 13 years, the highest EV-to-FCF of Shift was 11.89. The lowest was 0.00. And the median was 0.00.

TSE:3697's EV-to-FCF is ranked better than
58.25% of 1593 companies
in the Software industry
Industry Median: 14.83 vs TSE:3697: 11.89

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 (2026-07-14), Shift's stock price is 円703.30. Shift's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was 円32.140. Therefore, Shift's PE Ratio (TTM) for today is 21.88.


Shift  (TSE:3697) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=703.30/32.140
=21.88

Shift's share price for today is 円703.30.
Shift's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円32.140.

* 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.


Shift EV-to-FCF Related Terms


Shift EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Shift'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.

Shift EV-to-FCF Chart

Shift Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 99.69 52.62 57.30 67.91 27.60

Shift Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 27.60 0.00 0.00

TSE:3697 vs UBER, SHOP, CRM: EV-to-FCF Comparison

For the Software - Application subindustry, Shift'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.


Shift EV-to-FCF vs Software Industry

For the Software industry and Technology sector, Shift's EV-to-FCF distribution charts can be found below:

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


TSE:3697
77GF Score
Shift Inc TSE:3697
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shift EV-to-FCF Calculation

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

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=175385.072/0
=

Shift's current Enterprise Value is 円175,385 Mil.
Shift's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 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 Shift (TSE:3697) Overvalued in 2026?

Based on GuruFocus' analysis, Shift stock appears to be undervalued. The current stock price of 円703.30 is trading 59.7% below its estimated GF Value™ of 円1,746.15. GuruFocus considers Shift to be Significantly Undervalued.

Key valuation signals for TSE:3697:

  • EV-to-FCF:
  • GF Value™: 円1,746.15 vs. price of 円703.30 (59.7% below fair value)
  • GF Score™: 77/100 with 1 warning sign

No single metric tells the full story. See the TSE:3697 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shift Business Description

Other Exchanges 7CZ:Germany
Address MASONIC 39 MT BUILDING, 2-4-5 Azabudai, Minato-ku, Tokyo, JPN, 106-0041
Shift Inc provides software testing services. The company's solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services.
77GF Score

Get the complete analysis for TSE:3697

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

円703.30
Price
円1,746.15
GF Value