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.
FJ Next Holdings CoTSE:8935 +0.83%93 EV-to-FCF is 7.09 as of Jul. 14, 2026, which is 283% above its 10-year median of 1.85. GuruFocus rates TSE:8935 with a GF Score™ of 93/100 and a GF Value™ of 円1,827.34 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,095 Real Estate companies, FJ Next Holdings Co ranks better than 76.99% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, FJ Next Holdings Co's Enterprise Value is 円48,422 Mil.
FJ Next Holdings Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was 円6,826 Mil. Therefore, FJ Next Holdings Co's EV-to-FCF for today is 7.09.
The historical rank and industry rank for FJ Next Holdings Co's EV-to-FCF or its related term are showing as below:
TSE:8935'
s EV-to-FCF Range Over the Past 10 Years
Min: -64.78 Med: 1.85 Max: 83.28
Current: 7.15
During the past 13 years, the highest EV-to-FCF of FJ Next Holdings Co was 83.28. The lowest was -64.78. And the median was 1.85.
TSE:8935's EV-to-FCF is ranked better than 76.99% of 1095
companies
in the Real Estate industry
Industry Median: 19.2
vs TSE:8935: 7.15
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.
FJ Next Holdings Co (TSE:8935) 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.
FJ Next Holdings Co's PE Ratio (TTM) for today is calculated as:
FJ Next Holdings Co's share price for today is 円1814.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. FJ Next Holdings Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円305.708.
* 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.
FJ Next Holdings Co EV-to-FCF Related Terms
FJ Next Holdings Co EV-to-FCF Historical Data
* Premium members only.
The historical data trend for FJ Next Holdings Co'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.
FJ Next Holdings Co EV-to-FCF Competitor Comparison
For the Real Estate - Diversified subindustry, FJ Next Holdings 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.
FJ Next Holdings Co EV-to-FCF vs Real Estate Industry
For the Real Estate industry and Real Estate sector, FJ Next Holdings Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where FJ Next Holdings Co's EV-to-FCF falls into.
FJ Next Holdings Co's current Enterprise Value is 円48,422 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. FJ Next Holdings Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was 円6,826 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.
FJ Next Holdings Co (TSE:8935) has a EV-to-FCF of 7.09 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on FJ Next Holdings Co and its competitors. This is 283% above median its historical median of 1.85. According to the industry distribution chart, FJ Next Holdings Co ranks #252 out of 1095 companies in the Real Estate industry, placing it in the top 23%.
Is FJ Next Holdings Co's EV-to-FCF too high?
FJ Next Holdings Co's current EV-to-FCF of 7.09 is 283% above median its 10-year median of 1.85. The Real Estate industry median EV-to-FCF is 19.20. FJ Next Holdings Co's value of 7.09 is 63.1% below this industry median. Based on the distribution chart, FJ Next Holdings Co ranks #252 out of 1095 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, FJ Next Holdings Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FJ Next Holdings Co's EV-to-FCF compare to competitors?
According to the Real Estate industry distribution chart, FJ Next Holdings Co ranks #252 out of 1095 companies for EV-to-FCF. This places FJ Next Holdings Co in the top 23% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 19.20. FJ Next Holdings Co's value of 7.09 is 63.1% below this benchmark. While the company's 10-year median is 1.85 vs. the industry median of 19.20, FJ Next Holdings Co 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 Real Estate company?
The median EV-to-FCF among Real Estate companies is 19.20, based on 1,095 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. FJ Next Holdings Co's current EV-to-FCF of 7.09 is 63.1% 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 FJ Next Holdings Co and its competitors. For the Real Estate industry, the median EV-to-FCF is 19.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FJ Next Holdings Co's current EV-to-FCF is 7.09, which is 283% above median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FJ Next Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, FJ Next Holdings Co (TSE:8935) is currently considered Fairly Valued. The stock's GF Value™ is 円1,827.34, compared to a current price of 円1,814.00 — trading 0.7% below its estimated fair value. The current EV-to-FCF is 7.09, which is 283% above median its 10-year median of 1.85 and 63.1% below the Real Estate industry median of 19.20. FJ Next Holdings Co's overall GF Score™ is 93/100 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 FJ Next Holdings Co (TSE:8935), the current EV-to-FCF is 7.09 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 FJ Next Holdings Co (TSE:8935) Overvalued in 2026?
Based on GuruFocus' analysis, FJ Next Holdings Co stock appears to be undervalued.
The current stock price of 円1,814.00 is trading 0.7% below its estimated GF Value™ of 円1,827.34.
GuruFocus considers FJ Next Holdings Co to be Fairly Valued.
Key valuation signals for TSE:8935:
EV-to-FCF: 7.09 (283% above median its 10-year median of 1.85)
GF Value™: 円1,827.34 vs. price of 円1,814.00 (0.7% below fair value)
Industry Position: 63.1% below the Real Estate median (#252 of 1095)
No single metric tells the full story. See the TSE:8935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FJ Next Holdings Co Ltd operates in the real estate sector in Japan. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Development, Real Estate Management, Construction, Hotel, and others. The majority of its revenue is generated from the Real Estate Development business, which is engaged in the development, sales, and marketing of studio apartments, resort properties, and family apartments (Gala Mansion Series and Gala Residencies) mainly in the Tokyo metropolitan area. In addition, this segment also offers rental recruitment and real estate brokerage services.
93GF Score
Get the complete analysis for TSE:8935
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
TSE:8935 has been successfully added to your 
