Zero Co (TSE:9028) EV-to-FCF: 10.93 (As of Aug. 23, 2026) — 110% Above Median

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:9028 Zero Co Ltd TSE:9028
86 GF Score
Price 円3,570.00
GF Value 円2,809.83
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Zero Co EV-to-FCF?

Zero Co TSE:9028 86 EV-to-FCF is 10.93 as of Aug. 23, 2026, which is 110% above its 10-year median of 5.20. GuruFocus rates TSE:9028 with a GF Score™ of 86/100 and a GF Value™ of 円2,809.83 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 842 Vehicles & Parts companies, Zero Co ranks better than 65.56% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Zero Co's Enterprise Value is 円54,289 Mil. Zero Co's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was 円4,965 Mil. Therefore, Zero Co's EV-to-FCF for today is 10.93.

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

TSE:9028' s EV-to-FCF Range Over the Past 10 Years
Min: -931.56   Med: 5.2   Max: 56.96
Current: 10.93

During the past 13 years, the highest EV-to-FCF of Zero Co was 56.96. The lowest was -931.56. And the median was 5.20.

TSE:9028's EV-to-FCF is ranked better than
65.56% of 842 companies
in the Vehicles & Parts industry
Industry Median: 16.87 vs TSE:9028: 10.93

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 (2026-08-23), Zero Co's stock price is 円3570.00. Zero Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was 円424.940. Therefore, Zero Co's PE Ratio (TTM) for today is 8.40.


Zero Co  (TSE:9028) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=3570.00/424.940
=8.40

Zero Co's share price for today is 円3570.00.
Zero Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円424.940.

* 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.


Zero Co EV-to-FCF Related Terms


Zero Co EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Zero 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.

Zero Co EV-to-FCF Chart

Zero Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.97 3.65 3.97 0.00 11.14

Zero Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 46.00 18.76 -838.21 11.14

TSE:9028 vs CVNA, PAG, KMX: EV-to-FCF Comparison

For the Auto & Truck Dealerships subindustry, Zero 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.


Zero Co EV-to-FCF vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zero Co's EV-to-FCF distribution charts can be found below:

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


TSE:9028
86GF Score
Zero Co Ltd TSE:9028
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zero Co EV-to-FCF Calculation

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

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=54288.645/4965
=10.93

Zero Co's current Enterprise Value is 円54,289 Mil.
Zero Co's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円4,965 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 10.93 mean?
Zero Co (TSE:9028) has a EV-to-FCF of 10.93 as of Aug. 23, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Zero Co and its competitors. This is 110% above median its historical median of 5.20. According to the industry distribution chart, Zero Co ranks #290 out of 842 companies in the Vehicles & Parts industry, placing it in the top 34.4%.
Is Zero Co's EV-to-FCF too high?
Zero Co's current EV-to-FCF of 10.93 is 110% above median its 10-year median of 5.20. The Vehicles & Parts industry median EV-to-FCF is 16.87. Zero Co's value of 10.93 is 35.2% below this industry median. Based on the distribution chart, Zero Co ranks #290 out of 842 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Zero Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zero Co's EV-to-FCF compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Zero Co ranks #290 out of 842 companies for EV-to-FCF. This puts Zero Co in the upper half of its industry. The industry median EV-to-FCF is 16.87. Zero Co's value of 10.93 is 35.2% below this benchmark. While the company's 10-year median is 5.20 vs. the industry median of 16.87, Zero 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 Vehicles & Parts company?
The median EV-to-FCF among Vehicles & Parts companies is 16.87, based on 842 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. Zero Co's current EV-to-FCF of 10.93 is 35.2% 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 Zero Co and its competitors. For the Vehicles & Parts industry, the median EV-to-FCF is 16.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zero Co's current EV-to-FCF is 10.93, which is 110% above median its own 10-year median of 5.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zero Co stock overvalued right now?
Based on GuruFocus' analysis, Zero Co (TSE:9028) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,809.83, compared to a current price of 円3,570.00 — trading 27.1% above its estimated fair value. The current EV-to-FCF is 10.93, which is 110% above median its 10-year median of 5.20 and 35.2% below the Vehicles & Parts industry median of 16.87. Zero Co's overall GF Score™ is 86/100 with 2 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 Zero Co (TSE:9028), the current EV-to-FCF is 10.93 as of Aug. 23, 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 Zero Co (TSE:9028) Overvalued in 2026?

Based on GuruFocus' analysis, Zero Co stock appears to be overvalued. The current stock price of 円3,570.00 is trading 27.1% above its estimated GF Value™ of 円2,809.83. GuruFocus considers Zero Co to be Modestly Overvalued.

Key valuation signals for TSE:9028:

  • EV-to-FCF: 10.93 (110% above median its 10-year median of 5.20)
  • GF Value™: 円2,809.83 vs. price of 円3,570.00 (27.1% above fair value)
  • GF Score™: 86/100 with 2 warning signs
  • Industry Position: 35.2% below the Vehicles & Parts median (#290 of 842)

No single metric tells the full story. See the TSE:9028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zero Co Business Description

Address Solid Square West Tower 6th floor, 580 Horikawa-cho, Saiwai-ku, Kawasaki, JPN, 212-0013
Zero Co Ltd provides transportation services including new and used vehicle transportation, door-to-door transportation of private cars and motorbikes, new and heavy vehicle maintenance, handling and vehicle inspection at the auto auction.
86GF Score

Get the complete analysis for TSE:9028

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

円3,570.00
Price
円2,809.83
GF Value