IPHASX:IPH -1.55%86 FCF Margin % is 19.07% as of Dec. 2025, which is 16% below its 10-year median of 22.60. GuruFocus rates ASX:IPH with a GF Score™ of 86/100 and a GF Value™ of A$7.13 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,070 Business Services companies, IPH ranks better than 88.5% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. IPH's Free Cash Flow for the
six
months ended in Dec. 2025 was A$69.4 Mil. IPH's Revenue for the
six
months ended in Dec. 2025 was A$363.9 Mil. Therefore, IPH's FCF Margin % for the quarter that ended in Dec. 2025 was 19.07%.
The historical rank and industry rank for IPH's FCF Margin % or its related term are showing as below:
ASX:IPH'
s FCF Margin % Range Over the Past 10 Years
Min: 17.58 Med: 22.6 Max: 27.68
Current: 19.29
During the past 11 years, the highest FCF Margin % of IPH was 27.68%. The lowest was 17.58%. And the median was 22.60%.
ASX:IPH's FCF Margin % is ranked better than 88.5% of 1070
companies
in the Business Services industry
Industry Median: 3.47
vs ASX:IPH: 19.29
IPH FCF Margin % Related Terms
IPH FCF Margin % Historical Data
* Premium members only.
The historical data trend for IPH's FCF Margin % 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.
ASX:IPH vs CTAS, CPRT, GPN: FCF Margin % Comparison
For the Specialty Business Services subindustry, IPH's FCF Margin %, along with its competitors' market caps and FCF Margin % 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.
IPH FCF Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, IPH's FCF Margin % distribution charts can be found below:
* The bar in red indicates where IPH's FCF Margin % falls into.
* 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.
IPH (ASX:IPH) has a FCF Margin % of 19.07% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on IPH and its competitors. This is 16% below median its historical median of 22.60. Over the past decade, IPH's FCF Margin % has ranged from 17.58 to 27.68. According to the industry distribution chart, IPH ranks #123 out of 1070 companies in the Business Services industry, placing it in the top 11.5%.
Is IPH's FCF Margin % too high?
IPH's current FCF Margin % of 19.07% is 16% below median its 10-year median of 22.60. Over the past 10 years, this metric has ranged from a low of 17.58 to a high of 27.68. The Business Services industry median FCF Margin % is 3.47. IPH's value of 19.07% is 449.6% above this industry median. Based on the distribution chart, IPH ranks #123 out of 1070 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, IPH has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IPH's FCF Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, IPH ranks #123 out of 1070 companies for FCF Margin %. This places IPH in the top 12% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.47. IPH's value of 19.07% is 449.6% above this benchmark. Historically, IPH's own FCF Margin % has ranged from 17.58 to 27.68 over the past decade. While the company's 10-year median is 22.60 vs. the industry median of 3.47, IPH 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 FCF Margin % for a Business Services company?
The median FCF Margin % among Business Services companies is 3.47, based on 1,070 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IPH's current FCF Margin % of 19.07% is 449.6% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on IPH and its competitors. For the Business Services industry, the median FCF Margin % is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPH's current FCF Margin % is 19.07%, which is 16% below median its own 10-year median of 22.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPH stock overvalued right now?
Based on GuruFocus' analysis, IPH (ASX:IPH) is currently considered Significantly Undervalued. The stock's GF Value™ is A$7.13, compared to a current price of A$3.80 — trading 46.7% below its estimated fair value. The current FCF Margin % is 19.07%, which is 16% below median its 10-year median of 22.60 and 449.6% above the Business Services industry median of 3.47. IPH's overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For IPH (ASX:IPH), the current FCF Margin % is 19.07% as of Dec. 2025. 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 IPH (ASX:IPH) Overvalued in 2026?
Based on GuruFocus' analysis, IPH stock appears to be undervalued.
The current stock price of A$3.80 is trading 46.7% below its estimated GF Value™ of A$7.13.
GuruFocus considers IPH to be Significantly Undervalued.
Key valuation signals for ASX:IPH:
FCF Margin %: 19.07% (16% below median its 10-year median of 22.60)
GF Value™: A$7.13 vs. price of A$3.80 (46.7% below fair value)
Industry Position: 449.6% above the Business Services median (#123 of 1070)
No single metric tells the full story. See the ASX:IPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPH provides intellectual property services through its subsidiaries: Spruson and Ferguson, Smart & Biggar, Robic, Pizzeys, Griffith Hack, Applied Marks, and AJ Park. These services include patent filing, prosecution, enforcement, management, design, trademarks, and more. The company's diverse client base comprises multinationals, public-sector research organizations, and local businesses across industries such as healthcare, finance, engineering, and technology. Revenue streams mainly consist of professional fees (fixed) and volume-based fees (linked to the quantity of work performed). About 70% of revenue is derived from pre-existing work in the system, while 30% comes from new patent applications.
86GF Score
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