Armstrong World Industries (FRA:91A) Enterprise Value: €7,238 Mil (As of Aug. 10, 2026) ***

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:91A Armstrong World Industries Inc FRA:91A
71 GF Score
Price €159.00
GF Value €148.83
! 1 Warning Sign
View Full Analysis

What is Armstrong World Industries Enterprise Value?

Armstrong World Industries FRA:91A -1.24% 71 Enterprise Value is €7,238 Mil as of Aug. 10, 2026. GuruFocus rates FRA:91A with a GF Score™ of 71/100 and a GF Value™ of €148.83. The stock has 1 warning sign investors should review.

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, Armstrong World Industries's Enterprise Value is €7,238 Mil. Armstrong World Industries's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €379 Mil. Therefore, Armstrong World Industries's EV-to-EBIT ratio for today is 19.10.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Armstrong World Industries's Enterprise Value is €7,238 Mil. Armstrong World Industries's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €456 Mil. Therefore, Armstrong World Industries's EV-to-EBITDA ratio for today is 15.86.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Armstrong World Industries's Enterprise Value is €7,238 Mil. Armstrong World Industries's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was €1,458 Mil. Therefore, Armstrong World Industries's EV-to-Revenue ratio for today is 4.96.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Armstrong World Industries's Enterprise Value is €7,238 Mil. Armstrong World Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €308 Mil. Therefore, Armstrong World Industries's EV-to-OCF ratio for today is 23.51.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Armstrong World Industries's Enterprise Value is €7,238 Mil. Armstrong World Industries's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was €212 Mil. Therefore, Armstrong World Industries's EV-to-FCF ratio for today is 34.21.

*** 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.


Armstrong World Industries  (FRA:91A) 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.

Armstrong World Industries's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=7238.475/378.975
=19.10

Armstrong World Industries's current Enterprise Value is €7,238 Mil.
Armstrong World Industries's EBIT 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 €379 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Armstrong World Industries's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=7238.475/456.359
=15.86

Armstrong World Industries's current Enterprise Value is €7,238 Mil.
Armstrong World Industries's EBITDA 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 €456 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Armstrong World Industries's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=7238.475/1458.137
=4.96

Armstrong World Industries's current Enterprise Value is €7,238 Mil.
Armstrong World Industries's Revenue 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 €1,458 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Armstrong World Industries's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=7238.475/307.835
=23.51

Armstrong World Industries's current Enterprise Value is €7,238 Mil.
Armstrong World Industries'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 €308 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Armstrong World Industries's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=7238.475/211.617
=34.21

Armstrong World Industries's current Enterprise Value is €7,238 Mil.
Armstrong World Industries's Free Cash Flow 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 €212 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.


Armstrong World Industries Enterprise Value Related Terms


Armstrong World Industries Enterprise Value Historical Data

* Premium members only.

The historical data trend for Armstrong World Industries'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.

Armstrong World Industries Enterprise Value Chart

Armstrong World Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,332.35 3,465.07 4,451.55 6,465.17 7,278.10

Armstrong World Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,438.16 7,426.46 7,278.10 6,388.84 6,318.29

FRA:91A vs FBIN, BLDR, AAON: Enterprise Value Comparison

For the Building Products & Equipment subindustry, Armstrong World Industries'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.


Armstrong World Industries Enterprise Value vs Construction Industry

For the Construction industry and Industrials sector, Armstrong World Industries's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Armstrong World Industries's Enterprise Value falls into.


FRA:91A
71GF Score
Armstrong World Industries Inc FRA:91A
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Armstrong World Industries Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Armstrong World Industries's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Armstrong World Industries's Enterprise Value for the quarter that ended in Jun. 2026 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of €7,238 Mil mean?
Armstrong World Industries (FRA:91A) has a Enterprise Value of €7,238 Mil as of Aug. 10, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Armstrong World Industries and its competitors.
Is Armstrong World Industries' Enterprise Value too high?
Armstrong World Industries' current Enterprise Value is €7,238 Mil. Overall, Armstrong World Industries has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Armstrong World Industries' Enterprise Value compare to FBIN and BLDR?
Armstrong World Industries' Enterprise Value of €7,238 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 Armstrong World Industries and its competitors. Armstrong World Industries's current Enterprise Value is €7,238 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armstrong World Industries stock overvalued right now?
Armstrong World Industries (FRA:91A) has a current Enterprise Value of €7,238 Mil. The stock's GF Value™ is €148.83, compared to a current price of €159.00 — trading 6.8% above its estimated fair value. The current Enterprise Value is €7,238 Mil. Armstrong World Industries' overall GF Score™ is 71/100 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 Armstrong World Industries (FRA:91A), the current Enterprise Value is €7,238 Mil as of Aug. 10, 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 Armstrong World Industries (FRA:91A) Overvalued in 2026?

Based on GuruFocus' analysis, Armstrong World Industries stock appears to be overvalued. The current stock price of €159.00 is trading 6.8% above its estimated GF Value™ of €148.83.

Key valuation signals for FRA:91A:

  • Enterprise Value: €7,238 Mil
  • GF Value™: €148.83 vs. price of €159.00 (6.8% above fair value)
  • GF Score™: 71/100 with 1 warning sign

No single metric tells the full story. See the FRA:91A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Armstrong World Industries Business Description

Other Exchanges AWI:USAAWII34:Brazil
Address 2500 Columbia Avenue, Lancaster, PA, USA, 17603
Armstrong World Industries Inc designs and manufactures exterior architectural applications, including ceilings, specialty walls, and exterior metal solutions, using materials such as mineral fiber, fiberglass, metal, felt, architectural resin and glass, wood, wood fiber, and glass-reinforced-gypsum. Its segments include Mineral Fiber, which produces suspended mineral fiber and fiberglass ceiling systems and includes results from the Worthington Armstrong Venture (WAVE) for ceiling suspension system (grid) products; Architectural Specialties, which designs, produces, and sources specialty ceilings, walls, and other architectural applications for commercial settings, with revenues mainly project driven; and Unallocated Corporate. The company operates in the United States and Canada.
71GF Score

Get the complete analysis for FRA:91A

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€159.00
Price
€148.83
GF Value