Cirsa Enterprises (XMAD:CIRSA) EV-to-FCF: 12.25 (As of Sep. 18, 2026) — 27% 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.

XMAD:CIRSA Cirsa Enterprises SA XMAD:CIRSA
10 GF Score
Price €19.82
! 8 Warning Signs
View Full Analysis

What is Cirsa Enterprises EV-to-FCF?

Cirsa Enterprises XMAD:CIRSA +0.61% 10 EV-to-FCF is 12.25 as of Sep. 18, 2026, which is 27% above its 10-year median of 9.65. GuruFocus rates XMAD:CIRSA with a GF Score™ of 10/100. The stock has 8 warning signs investors should review. Among 562 Travel & Leisure companies, Cirsa Enterprises ranks better than 61.74% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Cirsa Enterprises's Enterprise Value is €5,315 Mil. Cirsa Enterprises's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was €434 Mil. Therefore, Cirsa Enterprises's EV-to-FCF for today is 12.25.

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

XMAD:CIRSA' s EV-to-FCF Range Over the Past 10 Years
Min: 8.52   Med: 9.65   Max: 15291.23
Current: 12.07

During the past 4 years, the highest EV-to-FCF of Cirsa Enterprises was 15291.23. The lowest was 8.52. And the median was 9.65.

XMAD:CIRSA's EV-to-FCF is ranked better than
61.74% of 562 companies
in the Travel & Leisure industry
Industry Median: 15.135 vs XMAD:CIRSA: 12.07

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 (2026-09-18), Cirsa Enterprises's stock price is €19.82. Cirsa Enterprises's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €0.690. Therefore, Cirsa Enterprises's PE Ratio (TTM) for today is 28.72.


Cirsa Enterprises  (XMAD:CIRSA) 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.

Cirsa Enterprises's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=19.82/0.690
=28.72

Cirsa Enterprises's share price for today is €19.82.
Cirsa Enterprises'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 €0.690.

* 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.


Cirsa Enterprises EV-to-FCF Related Terms


Cirsa Enterprises EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Cirsa Enterprises'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.

Cirsa Enterprises EV-to-FCF Chart

Cirsa Enterprises Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EV-to-FCF
0.00 0.00 0.00 9.27

Cirsa Enterprises Quarterly Data
Dec22 Dec23 Mar24 Sep24 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 0.00 15,441.84 9.27 9.01 9.38

XMAD:CIRSA vs LVS, MGM, WYNN: EV-to-FCF Comparison

For the Resorts & Casinos subindustry, Cirsa Enterprises'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.


Cirsa Enterprises EV-to-FCF vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Cirsa Enterprises's EV-to-FCF distribution charts can be found below:

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


XMAD:CIRSA
10GF Score
Cirsa Enterprises SA XMAD:CIRSA
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cirsa Enterprises EV-to-FCF Calculation

Cirsa Enterprises's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=5314.589/433.803
=12.25

Cirsa Enterprises's current Enterprise Value is €5,315 Mil.
Cirsa Enterprises'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 €434 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 12.25 mean?
Cirsa Enterprises (XMAD:CIRSA) has a EV-to-FCF of 12.25 as of Sep. 18, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cirsa Enterprises and its competitors. This is 27% above median its historical median of 9.65. Over the past decade, Cirsa Enterprises' EV-to-FCF has ranged from 8.52 to 15,291.23. According to the industry distribution chart, Cirsa Enterprises ranks #215 out of 562 companies in the Travel & Leisure industry, placing it in the top 38.3%.
Is Cirsa Enterprises' EV-to-FCF too high?
Cirsa Enterprises' current EV-to-FCF of 12.25 is 27% above median its 10-year median of 9.65. Over the past 10 years, this metric has ranged from a low of 8.52 to a high of 15,291.23. The Travel & Leisure industry median EV-to-FCF is 15.14. Cirsa Enterprises' value of 12.25 is 19.1% below this industry median. Based on the distribution chart, Cirsa Enterprises ranks #215 out of 562 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Cirsa Enterprises has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Cirsa Enterprises' EV-to-FCF compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Cirsa Enterprises ranks #215 out of 562 companies for EV-to-FCF. This puts Cirsa Enterprises in the upper half of its industry. The industry median EV-to-FCF is 15.14. Cirsa Enterprises' value of 12.25 is 19.1% below this benchmark. Historically, Cirsa Enterprises' own EV-to-FCF has ranged from 8.52 to 15,291.23 over the past decade. While the company's 10-year median is 9.65 vs. the industry median of 15.14, Cirsa Enterprises 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 Travel & Leisure company?
The median EV-to-FCF among Travel & Leisure companies is 15.14, based on 562 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. Cirsa Enterprises's current EV-to-FCF of 12.25 is 19.1% 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 Cirsa Enterprises and its competitors. For the Travel & Leisure industry, the median EV-to-FCF is 15.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cirsa Enterprises's current EV-to-FCF is 12.25, which is 27% above median its own 10-year median of 9.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cirsa Enterprises stock overvalued right now?
Cirsa Enterprises (XMAD:CIRSA) has a current EV-to-FCF of 12.25. The current EV-to-FCF is 12.25, which is 27% above median its 10-year median of 9.65 and 19.1% below the Travel & Leisure industry median of 15.14. Cirsa Enterprises' overall GF Score™ is 10/100 with 8 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 Cirsa Enterprises (XMAD:CIRSA), the current EV-to-FCF is 12.25 as of Sep. 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.

Cirsa Enterprises Business Description

Other Exchanges CIRSAe:UKY7O:Germany
Address Carretera de Castellar, number 298, Terrassa, ESP, 08226
Cirsa Enterprises SA consists of a group of companies operating in the gaming and leisure sector. Its activities include the design, manufacture, and marketing of slot machines sold to both Group companies and third parties, the development of interactive gaming mechanisms and systems, the operation of slot machines, casinos, and bingo halls in Spain and abroad, and the marketing and operation of bets in own and third-party premises, as well as online sports betting in Spain and abroad. Its business areas include Casinos, Gaming Rooms, Arcade Machines, and Online Betting and Gaming. The business segments are: Casinos, Slots Spain, Slots Italy, and Online Games and Bets. Maximum revenue is generated from the Casinos segment. The Group generates maximum revenue from Spain and Portugal.
10GF Score

Get the complete analysis for XMAD:CIRSA

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

€19.82
Price