Ermenegildo Zegna NVZGN -0.96%83 EV-to-FCF is 16.43 as of Jul. 11, 2026, which is 5% below its 10-year median of 17.31. GuruFocus rates ZGN with a GF Score™ of 83/100 and a GF Value™ of $11.29 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 634 Manufacturing - Apparel & Accessories companies, Ermenegildo Zegna NV ranks worse than 54.1% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Ermenegildo Zegna NV's Enterprise Value is $4,461 Mil.
Ermenegildo Zegna NV's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $272 Mil. Therefore, Ermenegildo Zegna NV's EV-to-FCF for today is 16.43.
The historical rank and industry rank for Ermenegildo Zegna NV's EV-to-FCF or its related term are showing as below:
ZGN'
s EV-to-FCF Range Over the Past 10 Years
Min: 10.89 Med: 17.31 Max: 89.54
Current: 16.43
During the past 8 years, the highest EV-to-FCF of Ermenegildo Zegna NV was 89.54. The lowest was 10.89. And the median was 17.31.
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.
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.
Ermenegildo Zegna NV's PE Ratio (TTM) for today is calculated as:
Ermenegildo Zegna NV's share price for today is $13.44.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ermenegildo Zegna NV's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.442.
* 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.
Ermenegildo Zegna NV EV-to-FCF Related Terms
Ermenegildo Zegna NV EV-to-FCF Historical Data
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The historical data trend for Ermenegildo Zegna NV'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.
For the Apparel Manufacturing subindustry, Ermenegildo Zegna NV'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.
Ermenegildo Zegna NV EV-to-FCF vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ermenegildo Zegna NV's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Ermenegildo Zegna NV's EV-to-FCF falls into.
Ermenegildo Zegna NV's current Enterprise Value is $4,461 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ermenegildo Zegna NV's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $272 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.
Ermenegildo Zegna NV (ZGN) has a EV-to-FCF of 16.43 as of Jul. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Ermenegildo Zegna NV and its competitors. This is near median its historical median of 17.31. Over the past decade, Ermenegildo Zegna NV's EV-to-FCF has ranged from 10.89 to 89.54. According to the industry distribution chart, Ermenegildo Zegna NV ranks #343 out of 634 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 54.1%.
Is Ermenegildo Zegna NV's EV-to-FCF too high?
Ermenegildo Zegna NV's current EV-to-FCF of 16.43 is near median its 10-year median of 17.31. Over the past 10 years, this metric has ranged from a low of 10.89 to a high of 89.54. The Manufacturing - Apparel & Accessories industry median EV-to-FCF is 14.95. Ermenegildo Zegna NV's value of 16.43 is 9.9% above this industry median. Based on the distribution chart, Ermenegildo Zegna NV ranks #343 out of 634 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Ermenegildo Zegna NV has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ermenegildo Zegna NV's EV-to-FCF compare to PVH and COLM?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Ermenegildo Zegna NV ranks #343 out of 634 companies for EV-to-FCF. This places Ermenegildo Zegna NV in the lower half of its industry. The industry median EV-to-FCF is 14.95. Ermenegildo Zegna NV's value of 16.43 is 9.9% above this benchmark. Historically, Ermenegildo Zegna NV's own EV-to-FCF has ranged from 10.89 to 89.54 over the past decade. While the company's 10-year median is 17.31 vs. the industry median of 14.95, Ermenegildo Zegna NV 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 Manufacturing - Apparel & Accessories company?
The median EV-to-FCF among Manufacturing - Apparel & Accessories companies is 14.95, based on 634 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. Ermenegildo Zegna NV's current EV-to-FCF of 16.43 is 9.9% 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 Ermenegildo Zegna NV and its competitors. For the Manufacturing - Apparel & Accessories industry, the median EV-to-FCF is 14.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ermenegildo Zegna NV's current EV-to-FCF is 16.43, which is near median its own 10-year median of 17.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ermenegildo Zegna NV stock overvalued right now?
Based on GuruFocus' analysis, Ermenegildo Zegna NV (ZGN) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.29, compared to a current price of $13.44 — trading 19% above its estimated fair value. The current EV-to-FCF is 16.43, which is near median its 10-year median of 17.31 and 9.9% above the Manufacturing - Apparel & Accessories industry median of 14.95. Ermenegildo Zegna NV's overall GF Score™ is 83/100 with 7 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 Ermenegildo Zegna NV (ZGN), the current EV-to-FCF is 16.43 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 Ermenegildo Zegna NV (ZGN) Overvalued in 2026?
Based on GuruFocus' analysis, Ermenegildo Zegna NV stock appears to be overvalued.
The current stock price of $13.44 is trading 19% above its estimated GF Value™ of $11.29.
GuruFocus considers Ermenegildo Zegna NV to be Modestly Overvalued.
Key valuation signals for ZGN:
EV-to-FCF: 16.43 (near median its 10-year median of 17.31)
GF Value™: $11.29 vs. price of $13.44 (19% above fair value)
Industry Position: 9.9% above the Manufacturing - Apparel & Accessories median (#343 of 634)
No single metric tells the full story. See the ZGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ermenegildo Zegna NV designs creates, and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear, and accessories under the Thom Browne brand. The company operates in three segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile, and Third Party Brands); the Thom Browne segment, and the Tom Ford Fashion segment. The company generates the majority of revenue from the Zegna segment.
83GF Score
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