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Air France-KLMMIL:1AF -2.56%63 EV-to-OCF is 2.88 as of Aug. 09, 2026, which is 15% above its 10-year median of 2.51. GuruFocus rates MIL:1AF with a GF Score™ of 63/100 and a GF Value™ of €11.18 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,009 Transportation companies, Air France-KLM ranks better than 78.59% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Air France-KLM's Enterprise Value is €13,173 Mil.
Air France-KLM's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €4,578 Mil. Therefore, Air France-KLM's EV-to-OCF for today is 2.88.
The historical rank and industry rank for Air France-KLM's EV-to-OCF or its related term are showing as below:
MIL:1AF'
s EV-to-OCF Range Over the Past 10 Years
Min: -21.08 Med: 2.51 Max: 12.22
Current: 2.88
During the past 13 years, the highest EV-to-OCF of Air France-KLM was 12.22. The lowest was -21.08. And the median was 2.51.
MIL:1AF's EV-to-OCF is ranked better than 78.59% of 1009
companies
in the Transportation industry
Industry Median: 7.87
vs MIL:1AF: 2.88
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.
Air France-KLM's PE Ratio (TTM) for today is calculated as:
Air France-KLM's share price for today is €12.58.
Air France-KLM'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 €4.043.
* 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.
Air France-KLM EV-to-OCF Related Terms
Air France-KLM EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Air France-KLM'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 Airlines subindustry, Air France-KLM'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.
Air France-KLM EV-to-OCF vs Transportation Industry
For the Transportation industry and Industrials sector, Air France-KLM's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Air France-KLM's EV-to-OCF falls into.
Air France-KLM's current Enterprise Value is €13,173 Mil.
Air France-KLM'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 €4,578 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.
Air France-KLM (MIL:1AF) has a EV-to-OCF of 2.88 as of Aug. 09, 2026. This is 15% above median its historical median of 2.51. According to the industry distribution chart, Air France-KLM ranks #216 out of 1009 companies in the Transportation industry, placing it in the top 21.4%.
Is Air France-KLM's EV-to-OCF too high?
Air France-KLM's current EV-to-OCF of 2.88 is 15% above median its 10-year median of 2.51. The Transportation industry median EV-to-OCF is 7.87. Air France-KLM's value of 2.88 is 63.4% below this industry median. Based on the distribution chart, Air France-KLM ranks #216 out of 1009 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Air France-KLM has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's EV-to-OCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Air France-KLM ranks #216 out of 1009 companies for EV-to-OCF. This places Air France-KLM in the top 21% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 7.87. Air France-KLM's value of 2.88 is 63.4% below this benchmark. While the company's 10-year median is 2.51 vs. the industry median of 7.87, Air France-KLM 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 Transportation company?
The median EV-to-OCF among Transportation companies is 7.87, based on 1,009 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. Air France-KLM's current EV-to-OCF of 2.88 is 63.4% 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 Transportation industry, the median EV-to-OCF is 7.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air France-KLM's current EV-to-OCF is 2.88, which is 15% above median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (MIL:1AF) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.18, compared to a current price of €12.58 — trading 12.5% above its estimated fair value. The current EV-to-OCF is 2.88, which is 15% above median its 10-year median of 2.51 and 63.4% below the Transportation industry median of 7.87. Air France-KLM's overall GF Score™ is 63/100 with 5 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 Air France-KLM (MIL:1AF), the current EV-to-OCF is 2.88 as of Aug. 09, 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 Air France-KLM (MIL:1AF) Overvalued in 2026?
Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued.
The current stock price of €12.58 is trading 12.5% above its estimated GF Value™ of €11.18.
GuruFocus considers Air France-KLM to be Modestly Overvalued.
Key valuation signals for MIL:1AF:
EV-to-OCF: 2.88 (15% above median its 10-year median of 2.51)
GF Value™: €11.18 vs. price of €12.58 (12.5% above fair value)
Industry Position: 63.4% below the Transportation median (#216 of 1009)
No single metric tells the full story. See the MIL:1AF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
63GF Score
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