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, Leonardo SpA's Enterprise Value is $31,602 Mil.
Leonardo SpA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $2,290 Mil. Therefore, Leonardo SpA's EV-to-EBIT ratio for today is 13.80.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Leonardo SpA's Enterprise Value is $31,602 Mil.
Leonardo SpA's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $3,050 Mil. Therefore, Leonardo SpA's EV-to-EBITDA ratio for today is 10.36.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Leonardo SpA's Enterprise Value is $31,602 Mil.
Leonardo SpA's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $23,038 Mil. Therefore, Leonardo SpA's EV-to-Revenue ratio for today is 1.37.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Leonardo SpA's Enterprise Value is $31,602 Mil.
Leonardo SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $2,249 Mil. Therefore, Leonardo SpA's EV-to-FCF ratio for today is 14.05.
*** 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.
Leonardo SpA (OTCPK:FINMF) 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.
Leonardo SpA's current Enterprise Value is $31,602 Mil.
Leonardo SpA'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 $2,290 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Leonardo SpA's current Enterprise Value is $31,602 Mil.
Leonardo SpA'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 $3,050 Mil.
Leonardo SpA's current Enterprise Value is $31,602 Mil.
Leonardo SpA'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 $23,038 Mil.
Leonardo SpA's current Enterprise Value is $31,602 Mil.
Leonardo SpA'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 $2,249 Mil.
Leonardo SpA's current Enterprise Value is $31,602 Mil.
Leonardo SpA'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 $2,249 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 Enterprise Value Related Terms
Leonardo SpA Enterprise Value Historical Data
* Premium members only.
The historical data trend for Leonardo SpA'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.
For the Aerospace & Defense subindustry, Leonardo SpA'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.
Leonardo SpA Enterprise Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Leonardo SpA'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.
Leonardo SpA'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.
Leonardo SpA (FINMF) has a Enterprise Value of $31,602 Mil as of Jun. 25, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Leonardo SpA and its competitors.
Is Leonardo SpA's Enterprise Value too high?
Leonardo SpA's current Enterprise Value is $31,602 Mil. Overall, Leonardo SpA has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo SpA's Enterprise Value compare to GE and RTX?
Leonardo SpA's Enterprise Value of $31,602 Mil can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Enterprise Value depends on the Aerospace & Defense 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 Leonardo SpA and its competitors. Leonardo SpA's current Enterprise Value is $31,602 Mil. 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 (FINMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.89, compared to a current price of $55.36 — trading 58.7% above its estimated fair value. The current Enterprise Value is $31,602 Mil. Leonardo SpA's overall GF Score™ is 84/100 with 1 warning sign 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 Leonardo SpA (FINMF), the current Enterprise Value is $31,602 Mil as of Jun. 25, 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 (FINMF) Overvalued in 2026?
Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued.
The current stock price of $55.36 is trading 58.7% above its estimated GF Value™ of $34.89.
GuruFocus considers Leonardo SpA to be Significantly Overvalued.
Key valuation signals for FINMF:
Enterprise Value: $31,602 Mil
GF Value™: $34.89 vs. price of $55.36 (58.7% above fair value)
No single metric tells the full story. See the FINMF 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.
84GF Score
Get the complete analysis for FINMF
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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