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, Carrier Global's Enterprise Value is $72,673 Mil.
Carrier Global's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $1,877 Mil. Therefore, Carrier Global's EV-to-EBIT ratio for today is 38.72.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Carrier Global's Enterprise Value is $72,673 Mil.
Carrier Global's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $3,163 Mil. Therefore, Carrier Global's EV-to-EBITDA ratio for today is 22.98.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Carrier Global's Enterprise Value is $72,673 Mil.
Carrier Global's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $21,870 Mil. Therefore, Carrier Global's EV-to-Revenue ratio for today is 3.32.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Carrier Global's Enterprise Value is $72,673 Mil.
Carrier Global's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $1,686 Mil. Therefore, Carrier Global's EV-to-FCF ratio for today is 43.10.
*** 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.
Carrier Global (NYSE:CARR) 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.
Carrier Global's current Enterprise Value is $72,673 Mil.
Carrier Global'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 $1,877 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Carrier Global's current Enterprise Value is $72,673 Mil.
Carrier Global'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 $3,163 Mil.
Carrier Global's current Enterprise Value is $72,673 Mil.
Carrier Global'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 $21,870 Mil.
Carrier Global's current Enterprise Value is $72,673 Mil.
Carrier Global'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 $2,109 Mil.
Carrier Global's current Enterprise Value is $72,673 Mil.
Carrier Global'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 $1,686 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.
Carrier Global Enterprise Value Related Terms
Carrier Global Enterprise Value Historical Data
* Premium members only.
The historical data trend for Carrier Global'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.
CARR vs JCI, LII, MAIR: Enterprise Value Comparison
For the Building Products & Equipment subindustry, Carrier Global'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.
Carrier Global Enterprise Value vs Construction Industry
For the Construction industry and Industrials sector, Carrier Global's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Carrier Global'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.
Carrier Global'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.
Carrier Global (CARR) has a Enterprise Value of $72,673 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Carrier Global and its competitors.
Is Carrier Global's Enterprise Value too high?
Carrier Global's current Enterprise Value is $72,673 Mil. Overall, Carrier Global has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's Enterprise Value compare to JCI and LII?
Carrier Global's Enterprise Value of $72,673 Mil can be compared against companies in the Construction 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 Construction company?
A good Enterprise Value depends on the Construction 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 Carrier Global and its competitors. Carrier Global's current Enterprise Value is $72,673 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrier Global stock overvalued right now?
Based on GuruFocus' analysis, Carrier Global (CARR) is currently considered Fairly Valued. The stock's GF Value™ is $67.65, compared to a current price of $73.59 — trading 8.8% above its estimated fair value. The current Enterprise Value is $72,673 Mil. Carrier Global's overall GF Score™ is 79/100 with 11 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 Carrier Global (CARR), the current Enterprise Value is $72,673 Mil as of Jun. 29, 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 Carrier Global (CARR) Overvalued in 2026?
Based on GuruFocus' analysis, Carrier Global stock appears to be overvalued.
The current stock price of $73.59 is trading 8.8% above its estimated GF Value™ of $67.65.
GuruFocus considers Carrier Global to be Fairly Valued.
Key valuation signals for CARR:
Enterprise Value: $72,673 Mil
GF Value™: $67.65 vs. price of $73.59 (8.8% above fair value)
No single metric tells the full story. See the CARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier's fire and security (Honeywell) and commercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.
79GF Score
Get the complete analysis for CARR
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