Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Air France-KLM's Enterprise Value is $14,609 Mil.
Air France-KLM's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $3,148 Mil. Therefore, Air France-KLM's EV-to-EBIT ratio for today is 4.64.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Air France-KLM's Enterprise Value is $14,609 Mil.
Air France-KLM's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $6,962 Mil. Therefore, Air France-KLM's EV-to-EBITDA ratio for today is 2.10.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Air France-KLM's Enterprise Value is $14,609 Mil.
Air France-KLM's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $38,784 Mil. Therefore, Air France-KLM's EV-to-Revenue ratio for today is 0.38.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Air France-KLM's Enterprise Value is $14,609 Mil.
Air France-KLM's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $687 Mil. Therefore, Air France-KLM's EV-to-FCF ratio for today is 21.25.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Air France-KLM (OTCPK:AFRAF) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Air France-KLM's current Enterprise Value is $14,609 Mil.
Air France-KLM's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,148 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Air France-KLM's current Enterprise Value is $14,609 Mil.
Air France-KLM's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,962 Mil.
Air France-KLM's current Enterprise Value is $14,609 Mil.
Air France-KLM's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $38,784 Mil.
Air France-KLM's current Enterprise Value is $14,609 Mil.
Air France-KLM's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,547 Mil.
Air France-KLM's current Enterprise Value is $14,609 Mil.
Air France-KLM's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $687 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 Enterprise Value Related Terms
Air France-KLM Enterprise Value Historical Data
* Premium members only.
The historical data trend for Air France-KLM's Enterprise Value 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.
AFRAF vs DAL, UAL, LUV: Enterprise Value Comparison
For the Airlines subindustry, Air France-KLM's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Transportation Industry
For the Transportation industry and Industrials sector, Air France-KLM's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Air France-KLM's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Air France-KLM's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (AFRAF) has a Enterprise Value of $14,609 Mil as of Jun. 24, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Air France-KLM and its competitors.
Is Air France-KLM's Enterprise Value too high?
Air France-KLM's current Enterprise Value is $14,609 Mil. Overall, Air France-KLM has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's Enterprise Value compare to DAL and UAL?
Air France-KLM's Enterprise Value of $14,609 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Transportation company?
A good Enterprise Value depends on the Transportation industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Air France-KLM and its competitors. Air France-KLM's current Enterprise Value is $14,609 Mil. 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 (AFRAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.67, compared to a current price of $13.38 — trading 14.7% above its estimated fair value. The current Enterprise Value is $14,609 Mil. Air France-KLM's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Air France-KLM (AFRAF), the current Enterprise Value is $14,609 Mil as of Jun. 24, 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 (AFRAF) Overvalued in 2026?
Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued.
The current stock price of $13.38 is trading 14.7% above its estimated GF Value™ of $11.67.
GuruFocus considers Air France-KLM to be Modestly Overvalued.
Key valuation signals for AFRAF:
Enterprise Value: $14,609 Mil
GF Value™: $11.67 vs. price of $13.38 (14.7% above fair value)
No single metric tells the full story. See the AFRAF 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.
69GF Score
Get the complete analysis for AFRAF
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