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CarrefourFRA:CAR -1.87%79 EV-to-OCF is 6.39 as of Sep. 22, 2026, which is 4% above its 10-year median of 6.15. GuruFocus rates FRA:CAR with a GF Score™ of 79/100 and a GF Value™ of €14.68 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 315 Retail - Defensive companies, Carrefour ranks better than 60.32% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Carrefour's Enterprise Value is €23,140 Mil.
Carrefour's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €3,624 Mil. Therefore, Carrefour's EV-to-OCF for today is 6.39.
The historical rank and industry rank for Carrefour's EV-to-OCF or its related term are showing as below:
FRA:CAR'
s EV-to-OCF Range Over the Past 10 Years
Min: 1.86 Med: 6.15 Max: 9.51
Current: 5.82
During the past 13 years, the highest EV-to-OCF of Carrefour was 9.51. The lowest was 1.86. And the median was 6.15.
FRA:CAR's EV-to-OCF is ranked better than 60.32% of 315
companies
in the Retail - Defensive industry
Industry Median: 7.41
vs FRA:CAR: 5.82
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.
Carrefour's share price for today is €16.475.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Carrefour's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €1.062.
* 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.
Carrefour EV-to-OCF Related Terms
Carrefour EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Carrefour'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 Grocery Stores subindustry, Carrefour'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.
Carrefour EV-to-OCF vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Carrefour's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Carrefour's EV-to-OCF falls into.
Carrefour's current Enterprise Value is €23,140 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Carrefour's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €3,624 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.
Carrefour (FRA:CAR) has a EV-to-OCF of 6.39 as of Sep. 22, 2026. This is near median its historical median of 6.15. Over the past decade, Carrefour's EV-to-OCF has ranged from 1.86 to 9.51. According to the industry distribution chart, Carrefour ranks #125 out of 315 companies in the Retail - Defensive industry, placing it in the top 39.7%.
Is Carrefour's EV-to-OCF too high?
Carrefour's current EV-to-OCF of 6.39 is near median its 10-year median of 6.15. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 9.51. The Retail - Defensive industry median EV-to-OCF is 7.41. Carrefour's value of 6.39 is 13.8% below this industry median. Based on the distribution chart, Carrefour ranks #125 out of 315 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Carrefour has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carrefour's EV-to-OCF compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Carrefour ranks #125 out of 315 companies for EV-to-OCF. This puts Carrefour in the upper half of its industry. The industry median EV-to-OCF is 7.41. Carrefour's value of 6.39 is 13.8% below this benchmark. Historically, Carrefour's own EV-to-OCF has ranged from 1.86 to 9.51 over the past decade. While the company's 10-year median is 6.15 vs. the industry median of 7.41, Carrefour 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-OCF for a Retail - Defensive company?
The median EV-to-OCF among Retail - Defensive companies is 7.41, based on 315 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. Carrefour's current EV-to-OCF of 6.39 is 13.8% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Retail - Defensive industry, the median EV-to-OCF is 7.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrefour's current EV-to-OCF is 6.39, which is near median its own 10-year median of 6.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrefour stock overvalued right now?
Based on GuruFocus' analysis, Carrefour (FRA:CAR) is currently considered Modestly Overvalued. The stock's GF Value™ is €14.68, compared to a current price of €16.48 — trading 12.2% above its estimated fair value. The current EV-to-OCF is 6.39, which is near median its 10-year median of 6.15 and 13.8% below the Retail - Defensive industry median of 7.41. Carrefour's overall GF Score™ is 79/100 with 12 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 Carrefour (FRA:CAR), the current EV-to-OCF is 6.39 as of Sep. 22, 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 Carrefour (FRA:CAR) Overvalued in 2026?
Based on GuruFocus' analysis, Carrefour stock appears to be overvalued.
The current stock price of €16.48 is trading 12.2% above its estimated GF Value™ of €14.68.
GuruFocus considers Carrefour to be Modestly Overvalued.
Key valuation signals for FRA:CAR:
EV-to-OCF: 6.39 (near median its 10-year median of 6.15)
GF Value™: €14.68 vs. price of €16.48 (12.2% above fair value)
Industry Position: 13.8% below the Retail - Defensive median (#125 of 315)
No single metric tells the full story. See the FRA:CAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carrefour SA is a French multinational retailer operating hypermarkets, supermarkets, convenience stores, and cash-and-carry outlets under banners including Carrefour, Carrefour Market, Carrefour Express, and Cash & Carry. The company sells food and non-food products, including groceries, fresh produce, apparel, electronics, and household goods, to consumers and business customers. France is its largest market, followed by other European countries such as Spain, Italy, Belgium, and Poland, with additional operations in Latin America, the Middle East, and Asia through franchises and partnerships. Revenue comes primarily from retail store sales, supplemented by e-commerce, financial services, and travel offerings. Carrefour has pursued acquisitions and partnerships to strengthen its European footprint and digital capabilities, and it operates a large global store network spanning multiple formats and geographies.
79GF Score
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