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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, NLB Banka a.d. Skopje's Enterprise Value is MKD29,231 Mil.
NLB Banka a.d. Skopje's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was MKD1,601 Mil. Therefore, NLB Banka a.d. Skopje's EV-to-FCF for today is 18.26.
The historical rank and industry rank for NLB Banka a.d. Skopje's EV-to-FCF or its related term are showing as below:
XMAE:TNB'
s EV-to-FCF Range Over the Past 10 Years
Min: -33.47 Med: 2.58 Max: 42.99
Current: 18.42
During the past 13 years, the highest EV-to-FCF of NLB Banka a.d. Skopje was 42.99. The lowest was -33.47. And the median was 2.58.
XMAE:TNB's EV-to-FCF is ranked worse than 79.68% of 1196
companies
in the Banks industry
Industry Median: 7.25
vs XMAE:TNB: 18.42
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.
NLB Banka a.d. Skopje (XMAE:TNB) 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.
NLB Banka a.d. Skopje's PE Ratio (TTM) for today is calculated as:
NLB Banka a.d. Skopje's share price for today is MKD53201.00.
NLB Banka a.d. Skopje's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was MKD3905.800.
* 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.
* 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.
For the Banks - Regional subindustry, NLB Banka a.d. Skopje'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.
NLB Banka a.d. Skopje EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, NLB Banka a.d. Skopje's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where NLB Banka a.d. Skopje's EV-to-FCF falls into.
NLB Banka a.d. Skopje's current Enterprise Value is MKD29,231 Mil.
NLB Banka a.d. Skopje's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was MKD1,601 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.
NLB Banka a.d. Skopje (XMAE:TNB) has a EV-to-FCF of 18.26 as of Aug. 06, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NLB Banka a.d. Skopje and its competitors. This is 608% above median its historical median of 2.58. According to the industry distribution chart, NLB Banka a.d. Skopje ranks #953 out of 1196 companies in the Banks industry, placing it in the top 79.7%.
Is NLB Banka a.d. Skopje's EV-to-FCF too high?
NLB Banka a.d. Skopje's current EV-to-FCF of 18.26 is 608% above median its 10-year median of 2.58. The Banks industry median EV-to-FCF is 7.25. NLB Banka a.d. Skopje's value of 18.26 is 151.9% above this industry median. Based on the distribution chart, NLB Banka a.d. Skopje ranks #953 out of 1196 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, NLB Banka a.d. Skopje has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NLB Banka a.d. Skopje's EV-to-FCF compare to PNC and USB?
According to the Banks industry distribution chart, NLB Banka a.d. Skopje ranks #953 out of 1196 companies for EV-to-FCF. This places NLB Banka a.d. Skopje in the lower half of its industry. The industry median EV-to-FCF is 7.25. NLB Banka a.d. Skopje's value of 18.26 is 151.9% above this benchmark. While the company's 10-year median is 2.58 vs. the industry median of 7.25, NLB Banka a.d. Skopje 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 Banks company?
The median EV-to-FCF among Banks companies is 7.25, based on 1,196 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. NLB Banka a.d. Skopje's current EV-to-FCF of 18.26 is 151.9% 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 NLB Banka a.d. Skopje and its competitors. For the Banks industry, the median EV-to-FCF is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NLB Banka a.d. Skopje's current EV-to-FCF is 18.26, which is 608% above median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NLB Banka a.d. Skopje stock overvalued right now?
Based on GuruFocus' analysis, NLB Banka a.d. Skopje (XMAE:TNB) is currently considered Fairly Valued. The stock's GF Value™ is MKD54,557.32, compared to a current price of MKD53,201.00 — trading 2.5% below its estimated fair value. The current EV-to-FCF is 18.26, which is 608% above median its 10-year median of 2.58 and 151.9% above the Banks industry median of 7.25. NLB Banka a.d. Skopje's overall GF Score™ is 80/100 with 1 warning sign 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 NLB Banka a.d. Skopje (XMAE:TNB), the current EV-to-FCF is 18.26 as of Aug. 06, 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 NLB Banka a.d. Skopje (XMAE:TNB) Overvalued in 2026?
Based on GuruFocus' analysis, NLB Banka a.d. Skopje stock appears to be undervalued.
The current stock price of MKD53,201.00 is trading 2.5% below its estimated GF Value™ of MKD54,557.32.
GuruFocus considers NLB Banka a.d. Skopje to be Fairly Valued.
Key valuation signals for XMAE:TNB:
EV-to-FCF: 18.26 (608% above median its 10-year median of 2.58)
GF Value™: MKD54,557.32 vs. price of MKD53,201.00 (2.5% below fair value)
Industry Position: 151.9% above the Banks median (#953 of 1196)
No single metric tells the full story. See the XMAE:TNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NLB Banka a.d. Skopje is a bank in the Republic of Macedonia. It provides general banking services like accepting deposits, granting loans and advances, foreign exchange, asset management, retail banking services, brokerage services, custody services, and many others. The bank operates in the Republic of Macedonia, EU countries, Non-EU countries in Europe, and other countries.
80GF Score
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