Ajinomoto (Malaysia) Bhd (XKLS:2658) EV-to-FCF: 11.33 (As of Aug. 03, 2026) — Near 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.

XKLS:2658 Ajinomoto (Malaysia) Bhd XKLS:2658
74 GF Score
Price RM18.88
GF Value RM16.22
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Ajinomoto (Malaysia) Bhd EV-to-FCF?

Ajinomoto (Malaysia) Bhd XKLS:2658 -0.21% 74 EV-to-FCF is 11.33 as of Aug. 03, 2026, which is 2% above its 10-year median of 11.07. GuruFocus rates XKLS:2658 with a GF Score™ of 74/100 and a GF Value™ of RM16.22 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,192 Consumer Packaged Goods companies, Ajinomoto (Malaysia) Bhd ranks better than 63.67% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Ajinomoto (Malaysia) Bhd's Enterprise Value is RM805.1 Mil. Ajinomoto (Malaysia) Bhd's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was RM71.0 Mil. Therefore, Ajinomoto (Malaysia) Bhd's EV-to-FCF for today is 11.33.

The historical rank and industry rank for Ajinomoto (Malaysia) Bhd's EV-to-FCF or its related term are showing as below:

XKLS:2658' s EV-to-FCF Range Over the Past 10 Years
Min: -112.81   Med: 11.07   Max: 54.16
Current: 11.37

During the past 13 years, the highest EV-to-FCF of Ajinomoto (Malaysia) Bhd was 54.16. The lowest was -112.81. And the median was 11.07.

XKLS:2658's EV-to-FCF is ranked better than
63.67% of 1192 companies
in the Consumer Packaged Goods industry
Industry Median: 16.01 vs XKLS:2658: 11.37

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 (2026-08-03), Ajinomoto (Malaysia) Bhd's stock price is RM18.88. Ajinomoto (Malaysia) Bhd's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was RM1.177. Therefore, Ajinomoto (Malaysia) Bhd's PE Ratio (TTM) for today is 16.04.


Ajinomoto (Malaysia) Bhd  (XKLS:2658) 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.

Ajinomoto (Malaysia) Bhd's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=18.88/1.177
=16.04

Ajinomoto (Malaysia) Bhd's share price for today is RM18.88.
Ajinomoto (Malaysia) Bhd'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 RM1.177.

* 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.


Ajinomoto (Malaysia) Bhd EV-to-FCF Related Terms


Ajinomoto (Malaysia) Bhd EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Ajinomoto (Malaysia) Bhd'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.

Ajinomoto (Malaysia) Bhd EV-to-FCF Chart

Ajinomoto (Malaysia) Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.20 -15.52 14.96 12.15 5.70

Ajinomoto (Malaysia) Bhd 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 12.15 18.40 11.27 8.89 5.70

XKLS:2658 vs KHC, GIS: EV-to-FCF Comparison

For the Packaged Foods subindustry, Ajinomoto (Malaysia) Bhd'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.


Ajinomoto (Malaysia) Bhd EV-to-FCF vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajinomoto (Malaysia) Bhd's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Ajinomoto (Malaysia) Bhd's EV-to-FCF falls into.


XKLS:2658
74GF Score
Ajinomoto (Malaysia) Bhd XKLS:2658
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ajinomoto (Malaysia) Bhd EV-to-FCF Calculation

Ajinomoto (Malaysia) Bhd's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=805.050/71.028
=11.33

Ajinomoto (Malaysia) Bhd's current Enterprise Value is RM805.1 Mil.
Ajinomoto (Malaysia) Bhd'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 RM71.0 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 11.33 mean?
Ajinomoto (Malaysia) Bhd (XKLS:2658) has a EV-to-FCF of 11.33 as of Aug. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Ajinomoto (Malaysia) Bhd and its competitors. This is near median its historical median of 11.07. According to the industry distribution chart, Ajinomoto (Malaysia) Bhd ranks #433 out of 1192 companies in the Consumer Packaged Goods industry, placing it in the top 36.3%.
Is Ajinomoto (Malaysia) Bhd's EV-to-FCF too high?
Ajinomoto (Malaysia) Bhd's current EV-to-FCF of 11.33 is near median its 10-year median of 11.07. The Consumer Packaged Goods industry median EV-to-FCF is 16.01. Ajinomoto (Malaysia) Bhd's value of 11.33 is 29.2% below this industry median. Based on the distribution chart, Ajinomoto (Malaysia) Bhd ranks #433 out of 1192 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Ajinomoto (Malaysia) Bhd has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ajinomoto (Malaysia) Bhd's EV-to-FCF compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ajinomoto (Malaysia) Bhd ranks #433 out of 1192 companies for EV-to-FCF. This puts Ajinomoto (Malaysia) Bhd in the upper half of its industry. The industry median EV-to-FCF is 16.01. Ajinomoto (Malaysia) Bhd's value of 11.33 is 29.2% below this benchmark. While the company's 10-year median is 11.07 vs. the industry median of 16.01, Ajinomoto (Malaysia) Bhd 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 Consumer Packaged Goods company?
The median EV-to-FCF among Consumer Packaged Goods companies is 16.01, based on 1,192 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. Ajinomoto (Malaysia) Bhd's current EV-to-FCF of 11.33 is 29.2% 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 Ajinomoto (Malaysia) Bhd and its competitors. For the Consumer Packaged Goods industry, the median EV-to-FCF is 16.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajinomoto (Malaysia) Bhd's current EV-to-FCF is 11.33, which is near median its own 10-year median of 11.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajinomoto (Malaysia) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ajinomoto (Malaysia) Bhd (XKLS:2658) is currently considered Modestly Overvalued. The stock's GF Value™ is RM16.22, compared to a current price of RM18.88 — trading 16.4% above its estimated fair value. The current EV-to-FCF is 11.33, which is near median its 10-year median of 11.07 and 29.2% below the Consumer Packaged Goods industry median of 16.01. Ajinomoto (Malaysia) Bhd's overall GF Score™ is 74/100 with 6 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 Ajinomoto (Malaysia) Bhd (XKLS:2658), the current EV-to-FCF is 11.33 as of Aug. 03, 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 Ajinomoto (Malaysia) Bhd (XKLS:2658) Overvalued in 2026?

Based on GuruFocus' analysis, Ajinomoto (Malaysia) Bhd stock appears to be overvalued. The current stock price of RM18.88 is trading 16.4% above its estimated GF Value™ of RM16.22. GuruFocus considers Ajinomoto (Malaysia) Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:2658:

  • EV-to-FCF: 11.33 (near median its 10-year median of 11.07)
  • GF Value™: RM16.22 vs. price of RM18.88 (16.4% above fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 29.2% below the Consumer Packaged Goods median (#433 of 1192)

No single metric tells the full story. See the XKLS:2658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ajinomoto (Malaysia) Bhd Business Description

Address Lot L1-E-5A and L1-E-5B, Enterprise 4, Technology Park Malaysia, Lebuhraya Puchong - Sg. Besi, Bukit Jalil, Kuala Lumpur, SGR, MYS, 57000
Ajinomoto (Malaysia) Bhd is engaged in manufacturing and selling AJI-NO-MOTO products, and other seasoning and food items. Its Consumer business segment consists of the manufacture and distribution of consumer products including AJI-NO-MOTO, flavor seasoning Tumix, menu seasoning Seri-Aji and other seasonings. Industrial business segment consists of manufacture and distribution of monosodium glutamate for industry-use, industrial seasonings and related products. The company generates the majority of its revenue from Malaysia.
74GF Score

Get the complete analysis for XKLS:2658

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

RM18.88
Price
RM16.22
GF Value