Thinkific Labs (TSX:THNC) EV-to-FCF: 3.56 (As of Jul. 18, 2026)

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TSX:THNC Thinkific Labs Inc TSX:THNC
67 GF Score
Price C$1.16
GF Value C$3.48
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Thinkific Labs EV-to-FCF?

Thinkific Labs TSX:THNC 67 EV-to-FCF is 3.56 as of Jul. 18, 2026. GuruFocus rates TSX:THNC with a GF Score™ of 67/100 and a GF Value™ of C$3.48 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,595 Software companies, Thinkific Labs ranks better than 91.47% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Thinkific Labs's Enterprise Value is C$10.0 Mil. Thinkific Labs's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$2.8 Mil. Therefore, Thinkific Labs's EV-to-FCF for today is 3.56.

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

TSX:THNC' s EV-to-FCF Range Over the Past 10 Years
Min: -131.82   Med: -0.13   Max: 624.61
Current: 2.84

During the past 8 years, the highest EV-to-FCF of Thinkific Labs was 624.61. The lowest was -131.82. And the median was -0.13.

TSX:THNC's EV-to-FCF is ranked better than
91.47% of 1595 companies
in the Software industry
Industry Median: 14.76 vs TSX:THNC: 2.84

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 (2026-07-18), Thinkific Labs's stock price is C$1.16. Thinkific Labs's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was C$0.001. Therefore, Thinkific Labs's PE Ratio (TTM) for today is 1,160.00.


Thinkific Labs  (TSX:THNC) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1.16/0.001
=1,160.00

Thinkific Labs's share price for today is C$1.16.
Thinkific Labs'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$0.001.

* 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.


Thinkific Labs EV-to-FCF Related Terms


Thinkific Labs EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Thinkific Labs'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.

Thinkific Labs EV-to-FCF Chart

Thinkific Labs Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial -21.82 -0.68 -20.15 14.16 8.71

Thinkific Labs 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 10.85 5.66 6.62 8.71 10.67

TSX:THNC vs UBER, SHOP, CRM: EV-to-FCF Comparison

For the Software - Application subindustry, Thinkific Labs'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.


Thinkific Labs EV-to-FCF vs Software Industry

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

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


TSX:THNC
67GF Score
Thinkific Labs Inc TSX:THNC
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thinkific Labs EV-to-FCF Calculation

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

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=10.010/2.814
=3.56

Thinkific Labs's current Enterprise Value is C$10.0 Mil.
Thinkific Labs'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$2.8 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 3.56 mean?
Thinkific Labs (TSX:THNC) has a EV-to-FCF of 3.56 as of Jul. 18, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Thinkific Labs and its competitors. According to the industry distribution chart, Thinkific Labs ranks #136 out of 1595 companies in the Software industry, placing it in the top 8.5%.
Is Thinkific Labs' EV-to-FCF too high?
Thinkific Labs' current EV-to-FCF is 3.56. The Software industry median EV-to-FCF is 14.76. Thinkific Labs' value of 3.56 is 75.9% below this industry median. Based on the distribution chart, Thinkific Labs ranks #136 out of 1595 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Thinkific Labs has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thinkific Labs' EV-to-FCF compare to UBER and SHOP?
According to the Software industry distribution chart, Thinkific Labs ranks #136 out of 1595 companies for EV-to-FCF. This places Thinkific Labs in the top 9% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.76. Thinkific Labs' value of 3.56 is 75.9% below this benchmark. 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. Thinkific Labs's current EV-to-FCF of 3.56 is 75.9% 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 Thinkific Labs 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. Thinkific Labs's current EV-to-FCF is 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinkific Labs stock overvalued right now?
Based on GuruFocus' analysis, Thinkific Labs (TSX:THNC) is currently considered Significantly Undervalued. The stock's GF Value™ is C$3.48, compared to a current price of C$1.16 — trading 66.7% below its estimated fair value. The current EV-to-FCF is 3.56 and 75.9% below the Software industry median of 14.76. Thinkific Labs' overall GF Score™ is 67/100 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 Thinkific Labs (TSX:THNC), the current EV-to-FCF is 3.56 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 Thinkific Labs (TSX:THNC) Overvalued in 2026?

Based on GuruFocus' analysis, Thinkific Labs stock appears to be undervalued. The current stock price of C$1.16 is trading 66.7% below its estimated GF Value™ of C$3.48. GuruFocus considers Thinkific Labs to be Significantly Undervalued.

Key valuation signals for TSX:THNC:

  • EV-to-FCF: 3.56
  • GF Value™: C$3.48 vs. price of C$1.16 (66.7% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 75.9% below the Software median (#136 of 1595)

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


Thinkific Labs Business Description

Other Exchanges THNCF:USA5S0A:Germany
Address 369 Terminal Avenue, Suite 400, Vancouver, BC, CAN, V6A 4C4
Thinkific Labs Inc is a cloud-based software platform. Its business activity is to provide a learning commerce platform that helps businesses scale and generate revenue through courses, communities, AI and commerce. The company's platform provides its customers with a learning commerce solution that enables them to create new revenue streams, retain customers, and build community through customized courses, membership sites, communities, digital products and other experiences. Its sources of revenue consist of software subscriptions to its cloud-based platform and revenue from payment processing. Geographically, it operates in Canada; United States, generating maximum revenue; and Rest of the World.
67GF Score

Get the complete analysis for TSX:THNC

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

C$1.16
Price
C$3.48
GF Value