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Leonardo SpAFINMY +0.18%80 EV-to-OCF is 16.94 as of Aug. 07, 2026, which is 66% above its 10-year median of 10.23. GuruFocus rates FINMY with a GF Score™ of 80/100 and a GF Value™ of $21.17 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 360 Aerospace & Defense companies, Leonardo SpA ranks worse than 54.72% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Leonardo SpA's Enterprise Value is $44,277 Mil.
Leonardo SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $2,614 Mil. Therefore, Leonardo SpA's EV-to-OCF for today is 16.94.
The historical rank and industry rank for Leonardo SpA's EV-to-OCF or its related term are showing as below:
FINMY'
s EV-to-OCF Range Over the Past 10 Years
Min: -27 Med: 10.23 Max: 90.4
Current: 16.94
During the past 13 years, the highest EV-to-OCF of Leonardo SpA was 90.40. The lowest was -27.00. And the median was 10.23.
FINMY's EV-to-OCF is ranked worse than 54.72% of 360
companies
in the Aerospace & Defense industry
Industry Median: 14.32
vs FINMY: 16.94
EV-to-OCF 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-OCF 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.
Leonardo SpA's PE Ratio (TTM) for today is calculated as:
Leonardo SpA's share price for today is $33.66.
Leonardo SpA'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 $1.167.
* 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. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Leonardo SpA EV-to-OCF Related Terms
Leonardo SpA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Leonardo SpA's EV-to-OCF 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 Aerospace & Defense subindustry, Leonardo SpA's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Leonardo SpA EV-to-OCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Leonardo SpA's EV-to-OCF falls into.
Leonardo SpA's current Enterprise Value is $44,277 Mil.
Leonardo SpA's Cash Flow from Operations 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 $2,614 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.
Leonardo SpA (FINMY) has a EV-to-OCF of 16.94 as of Aug. 07, 2026. This is 66% above median its historical median of 10.23. According to the industry distribution chart, Leonardo SpA ranks #197 out of 360 companies in the Aerospace & Defense industry, placing it in the top 54.7%.
Is Leonardo SpA's EV-to-OCF too high?
Leonardo SpA's current EV-to-OCF of 16.94 is 66% above median its 10-year median of 10.23. The Aerospace & Defense industry median EV-to-OCF is 14.32. Leonardo SpA's value of 16.94 is 18.3% above this industry median. Based on the distribution chart, Leonardo SpA ranks #197 out of 360 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Leonardo SpA has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo SpA's EV-to-OCF compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Leonardo SpA ranks #197 out of 360 companies for EV-to-OCF. This places Leonardo SpA in the lower half of its industry. The industry median EV-to-OCF is 14.32. Leonardo SpA's value of 16.94 is 18.3% above this benchmark. While the company's 10-year median is 10.23 vs. the industry median of 14.32, Leonardo SpA 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-OCF for an Aerospace & Defense company?
The median EV-to-OCF among Aerospace & Defense companies is 14.32, based on 360 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Leonardo SpA's current EV-to-OCF of 16.94 is 18.3% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median EV-to-OCF is 14.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leonardo SpA's current EV-to-OCF is 16.94, which is 66% above median its own 10-year median of 10.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leonardo SpA stock overvalued right now?
Based on GuruFocus' analysis, Leonardo SpA (FINMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.17, compared to a current price of $33.66 — trading 59% above its estimated fair value. The current EV-to-OCF is 16.94, which is 66% above median its 10-year median of 10.23 and 18.3% above the Aerospace & Defense industry median of 14.32. Leonardo SpA's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Leonardo SpA (FINMY), the current EV-to-OCF is 16.94 as of Aug. 07, 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 Leonardo SpA (FINMY) Overvalued in 2026?
Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued.
The current stock price of $33.66 is trading 59% above its estimated GF Value™ of $21.17.
GuruFocus considers Leonardo SpA to be Significantly Overvalued.
Key valuation signals for FINMY:
EV-to-OCF: 16.94 (66% above median its 10-year median of 10.23)
GF Value™: $21.17 vs. price of $33.66 (59% above fair value)
Industry Position: 18.3% above the Aerospace & Defense median (#197 of 360)
No single metric tells the full story. See the FINMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leonardo is a leading European security firm, with 30.2% of shares owned by the Italian government. Divisions include helicopters, defence electronics & security, aeronautics, cyber & security solutions, and space.The helicopter division serves both military and civil markets. Defence electronics & security accesses the US market through the Leonardo DRS subsidiary. Aeronautics integrates aircraft and aerostructures, participating in major programs like Eurofighter, F-35, and the Global Combat Air Programme, or GCAP. It also supplies large structural components to major commercial aircraft programs. Leonardo is currently evolving from a defense firm into a data-driven global security company.
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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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