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System DTSE:3804 -1.37%80 EV-to-FCF is 6.30 as of Jul. 18, 2026, which is 35% below its 10-year median of 9.70. GuruFocus rates TSE:3804 with a GF Score™ of 80/100 and a GF Value™ of 円551.71 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,595 Software companies, System D ranks better than 81.38% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, System D's Enterprise Value is 円5,571 Mil.
System D's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was 円885 Mil. Therefore, System D's EV-to-FCF for today is 6.30.
The historical rank and industry rank for System D's EV-to-FCF or its related term are showing as below:
TSE:3804'
s EV-to-FCF Range Over the Past 10 Years
Min: -47.28 Med: 9.7 Max: 45.7
Current: 6.32
During the past 13 years, the highest EV-to-FCF of System D was 45.70. The lowest was -47.28. And the median was 9.70.
TSE:3804's EV-to-FCF is ranked better than 81.38% of 1595
companies
in the Software industry
Industry Median: 14.76
vs TSE:3804: 6.32
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.
System D's share price for today is 円433.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. System D's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was 円30.740.
* 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.
System D EV-to-FCF Related Terms
System D EV-to-FCF Historical Data
* Premium members only.
The historical data trend for System D'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 Software - Application subindustry, System D'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.
System D EV-to-FCF vs Software Industry
For the Software industry and Technology sector, System D's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where System D's EV-to-FCF falls into.
System D's current Enterprise Value is 円5,571 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. System D's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was 円885 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.
System D (TSE:3804) has a EV-to-FCF of 6.30 as of Jul. 18, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on System D and its competitors. This is 35% below median its historical median of 9.70. According to the industry distribution chart, System D ranks #297 out of 1595 companies in the Software industry, placing it in the top 18.6%.
Is System D's EV-to-FCF too high?
System D's current EV-to-FCF of 6.30 is 35% below median its 10-year median of 9.70. The Software industry median EV-to-FCF is 14.76. System D's value of 6.30 is 57.3% below this industry median. Based on the distribution chart, System D ranks #297 out of 1595 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, System D has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does System D's EV-to-FCF compare to UBER and SHOP?
According to the Software industry distribution chart, System D ranks #297 out of 1595 companies for EV-to-FCF. This places System D in the top 19% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.76. System D's value of 6.30 is 57.3% below this benchmark. While the company's 10-year median is 9.70 vs. the industry median of 14.76, System D has consistently been below 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 Software company?
The median EV-to-FCF among Software companies is 14.76, based on 1,595 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. System D's current EV-to-FCF of 6.30 is 57.3% below 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 System D and its competitors. For the Software industry, the median EV-to-FCF is 14.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. System D's current EV-to-FCF is 6.30, which is 35% below median its own 10-year median of 9.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System D stock overvalued right now?
Based on GuruFocus' analysis, System D (TSE:3804) is currently considered Modestly Undervalued. The stock's GF Value™ is 円551.71, compared to a current price of 円433.00 — trading 21.5% below its estimated fair value. The current EV-to-FCF is 6.30, which is 35% below median its 10-year median of 9.70 and 57.3% below the Software industry median of 14.76. System D's overall GF Score™ is 80/100 with 3 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 System D (TSE:3804), the current EV-to-FCF is 6.30 as of Jul. 18, 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 System D (TSE:3804) Overvalued in 2026?
Based on GuruFocus' analysis, System D stock appears to be undervalued.
The current stock price of 円433.00 is trading 21.5% below its estimated GF Value™ of 円551.71.
GuruFocus considers System D to be Modestly Undervalued.
Key valuation signals for TSE:3804:
EV-to-FCF: 6.30 (35% below median its 10-year median of 9.70)
GF Value™: 円551.71 vs. price of 円433.00 (21.5% below fair value)
Industry Position: 57.3% below the Software median (#297 of 1595)
No single metric tells the full story. See the TSE:3804 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
System D Inc creates industry-specialized package software. The software development serves the schools, fitness clubs, distributors and other institutions. Its products and services include: Campus Plan, School Engine, PPP, Public Property Management System, Common Financial Accounting System, Smart Hello/Hello EX, Smart Hello Ticket/Hello Fun, Regulations Management System, and Contract creation and management system.
80GF Score
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