Mullen Group (TSX:MTL) EV-to-FCF: 15.55 (As of Jul. 11, 2026) — 18% Above Median


TSX:MTL Mullen Group Ltd TSX:MTL
81 GF Score
Price C$22.82
GF Value C$16.44
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Mullen Group EV-to-FCF?

Mullen Group TSX:MTL +0.26% 81 EV-to-FCF is 15.55 as of Jul. 11, 2026, which is 18% above its 10-year median of 13.21. GuruFocus rates TSX:MTL with a GF Score™ of 81/100 and a GF Value™ of C$16.44 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 673 Transportation companies, Mullen Group ranks worse than 55.13% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Mullen Group's Enterprise Value is C$3,097 Mil. Mullen Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$199 Mil. Therefore, Mullen Group's EV-to-FCF for today is 15.55.

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

TSX:MTL' s EV-to-FCF Range Over the Past 10 Years
Min: 8.36   Med: 13.21   Max: 50.5
Current: 15.52

During the past 13 years, the highest EV-to-FCF of Mullen Group was 50.50. The lowest was 8.36. And the median was 13.21.

TSX:MTL's EV-to-FCF is ranked worse than
55.13% of 673 companies
in the Transportation industry
Industry Median: 14.11 vs TSX:MTL: 15.52

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 (2026-07-11), Mullen Group's stock price is C$22.82. Mullen Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was C$1.010. Therefore, Mullen Group's PE Ratio (TTM) for today is 22.59.


Mullen Group  (TSX:MTL) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=22.82/1.010
=22.59

Mullen Group's share price for today is C$22.82.
Mullen Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1.010.

* 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.


Mullen Group EV-to-FCF Related Terms


Mullen Group EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Mullen Group'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.

Mullen Group EV-to-FCF Chart

Mullen Group 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 14.22 11.32 11.41 9.57 11.50

Mullen Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 8.46 10.01 9.18 11.50 12.78

TSX:MTL vs ODFL, XPO, KNX: EV-to-FCF Comparison

For the Trucking subindustry, Mullen Group'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.


Mullen Group EV-to-FCF vs Transportation Industry

For the Transportation industry and Industrials sector, Mullen Group's EV-to-FCF distribution charts can be found below:

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


TSX:MTL
81GF Score
Mullen Group Ltd TSX:MTL
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mullen Group EV-to-FCF Calculation

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

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3097.041/199.214
=15.55

Mullen Group's current Enterprise Value is C$3,097 Mil.
Mullen Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$199 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 15.55 mean?
Mullen Group (TSX:MTL) has a EV-to-FCF of 15.55 as of Jul. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Mullen Group and its competitors. This is 18% above median its historical median of 13.21. Over the past decade, Mullen Group's EV-to-FCF has ranged from 8.36 to 50.50. According to the industry distribution chart, Mullen Group ranks #371 out of 673 companies in the Transportation industry, placing it in the top 55.1%.
Is Mullen Group's EV-to-FCF too high?
Mullen Group's current EV-to-FCF of 15.55 is 18% above median its 10-year median of 13.21. Over the past 10 years, this metric has ranged from a low of 8.36 to a high of 50.50. The Transportation industry median EV-to-FCF is 14.11. Mullen Group's value of 15.55 is 10.2% above this industry median. Based on the distribution chart, Mullen Group ranks #371 out of 673 companies in the Transportation industry, which is below the industry midpoint. Overall, Mullen Group has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mullen Group's EV-to-FCF compare to ODFL and XPO?
According to the Transportation industry distribution chart, Mullen Group ranks #371 out of 673 companies for EV-to-FCF. This places Mullen Group in the lower half of its industry. The industry median EV-to-FCF is 14.11. Mullen Group's value of 15.55 is 10.2% above this benchmark. Historically, Mullen Group's own EV-to-FCF has ranged from 8.36 to 50.50 over the past decade. While the company's 10-year median is 13.21 vs. the industry median of 14.11, Mullen Group has consistently been above 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 Transportation company?
The median EV-to-FCF among Transportation companies is 14.11, based on 673 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. Mullen Group's current EV-to-FCF of 15.55 is 10.2% above 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 Mullen Group and its competitors. For the Transportation industry, the median EV-to-FCF is 14.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mullen Group's current EV-to-FCF is 15.55, which is 18% above median its own 10-year median of 13.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullen Group stock overvalued right now?
Based on GuruFocus' analysis, Mullen Group (TSX:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is C$16.44, compared to a current price of C$22.82 — trading 38.8% above its estimated fair value. The current EV-to-FCF is 15.55, which is 18% above median its 10-year median of 13.21 and 10.2% above the Transportation industry median of 14.11. Mullen Group's overall GF Score™ is 81/100 with 10 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 Mullen Group (TSX:MTL), the current EV-to-FCF is 15.55 as of Jul. 11, 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 Mullen Group (TSX:MTL) Overvalued in 2026?

Based on GuruFocus' analysis, Mullen Group stock appears to be overvalued. The current stock price of C$22.82 is trading 38.8% above its estimated GF Value™ of C$16.44. GuruFocus considers Mullen Group to be Significantly Overvalued.

Key valuation signals for TSX:MTL:

  • EV-to-FCF: 15.55 (18% above median its 10-year median of 13.21)
  • GF Value™: C$16.44 vs. price of C$22.82 (38.8% above fair value)
  • GF Score™: 81/100 with 10 warning signs
  • Industry Position: 10.2% above the Transportation median (#371 of 673)

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


Mullen Group Business Description

Other Exchanges MLLGF:USA9MU:Germany
Address 121A 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3
Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings, including less-than-truckload, truckload, Specialized & Industrial Services, warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.
81GF Score

Get the complete analysis for TSX:MTL

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

C$22.82
Price
C$16.44
GF Value