Core Natural Resources (FRA:C9X0) Enterprise Value: €3,615 Mil (As of Jul. 07, 2026) ***


FRA:C9X0 Core Natural Resources Inc FRA:C9X0
74 GF Score
Price €70.18
GF Value €81.83
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Core Natural Resources Enterprise Value?

Core Natural Resources FRA:C9X0 +1.53% 74 Enterprise Value is €3,615 Mil as of Jul. 07, 2026. GuruFocus rates FRA:C9X0 with a GF Score™ of 74/100 and a GF Value™ of €81.83 (Modestly Undervalued). The stock has 4 warning signs 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, Core Natural Resources's Enterprise Value is €3,615 Mil. Core Natural Resources's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €-82 Mil. Therefore, Core Natural Resources's EV-to-EBIT ratio for today is -44.02.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Core Natural Resources's Enterprise Value is €3,615 Mil. Core Natural Resources's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €473 Mil. Therefore, Core Natural Resources's EV-to-EBITDA ratio for today is 7.64.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Core Natural Resources's Enterprise Value is €3,615 Mil. Core Natural Resources's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €3,638 Mil. Therefore, Core Natural Resources's EV-to-Revenue ratio for today is 0.99.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Core Natural Resources's Enterprise Value is €3,615 Mil. Core Natural Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €461 Mil. Therefore, Core Natural Resources's EV-to-OCF ratio for today is 7.85.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Core Natural Resources's Enterprise Value is €3,615 Mil. Core Natural Resources's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €209 Mil. Therefore, Core Natural Resources's EV-to-FCF ratio for today is 17.32.

*** 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.


Core Natural Resources  (FRA:C9X0) 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.

Core Natural Resources's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3615.021/-82.116
=-44.02

Core Natural Resources's current Enterprise Value is €3,615 Mil.
Core Natural Resources'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 €-82 Mil.

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

Core Natural Resources's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=3615.021/472.909
=7.64

Core Natural Resources's current Enterprise Value is €3,615 Mil.
Core Natural Resources'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 €473 Mil.

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

Core Natural Resources's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=3615.021/3638.079
=0.99

Core Natural Resources's current Enterprise Value is €3,615 Mil.
Core Natural Resources'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 €3,638 Mil.

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

Core Natural Resources's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=3615.021/460.711
=7.85

Core Natural Resources's current Enterprise Value is €3,615 Mil.
Core Natural Resources'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 €461 Mil.

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

Core Natural Resources's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3615.021/208.747
=17.32

Core Natural Resources's current Enterprise Value is €3,615 Mil.
Core Natural Resources'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 €209 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.


Core Natural Resources Enterprise Value Related Terms


Core Natural Resources Enterprise Value Historical Data

* Premium members only.

The historical data trend for Core Natural Resources'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.

Core Natural Resources Enterprise Value Chart

Core Natural Resources 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 1,187.84 2,216.23 2,676.51 2,636.66 3,863.41

Core Natural Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3,696.55 2,956.83 3,660.04 3,863.41 4,906.52

FRA:C9X0 vs ARLP, BTU, NRP: Enterprise Value Comparison

For the Thermal Coal subindustry, Core Natural Resources'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.


Core Natural Resources Enterprise Value vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Core Natural Resources's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Core Natural Resources's Enterprise Value falls into.


FRA:C9X0
74GF Score
Core Natural Resources Inc FRA:C9X0
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Core Natural Resources 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.

Core Natural Resources's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Core Natural Resources's Enterprise Value for the quarter that ended in Mar. 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 €3,615 Mil mean?
Core Natural Resources (FRA:C9X0) has a Enterprise Value of €3,615 Mil as of Jul. 07, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Core Natural Resources and its competitors.
Is Core Natural Resources' Enterprise Value too high?
Core Natural Resources' current Enterprise Value is €3,615 Mil. Overall, Core Natural Resources has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Core Natural Resources' Enterprise Value compare to ARLP and BTU?
Core Natural Resources' Enterprise Value of €3,615 Mil can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Enterprise Value depends on the Other Energy Sources 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 Core Natural Resources and its competitors. Core Natural Resources's current Enterprise Value is €3,615 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Core Natural Resources stock overvalued right now?
Based on GuruFocus' analysis, Core Natural Resources (FRA:C9X0) is currently considered Modestly Undervalued. The stock's GF Value™ is €81.83, compared to a current price of €70.18 — trading 14.2% below its estimated fair value. The current Enterprise Value is €3,615 Mil. Core Natural Resources' overall GF Score™ is 74/100 with 4 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 Core Natural Resources (FRA:C9X0), the current Enterprise Value is €3,615 Mil as of Jul. 07, 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 Core Natural Resources (FRA:C9X0) Overvalued in 2026?

Based on GuruFocus' analysis, Core Natural Resources stock appears to be undervalued. The current stock price of €70.18 is trading 14.2% below its estimated GF Value™ of €81.83. GuruFocus considers Core Natural Resources to be Modestly Undervalued.

Key valuation signals for FRA:C9X0:

  • Enterprise Value: €3,615 Mil
  • GF Value™: €81.83 vs. price of €70.18 (14.2% below fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the FRA:C9X0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Core Natural Resources Business Description

Other Exchanges CNR:USAC9X0:Germany
Address 275 Technology Drive, Suite 101, Canonsburg, PA, USA, 15317-9565
Core Natural Resources Inc is a producer and exporter of metallurgical and thermal coal. The company owns and operates longwall mining operations in the nation and export terminals on the Eastern seaboard. The activities of the company involves mining of thermal coal, power generation, and other related activities.
74GF Score

Get the complete analysis for FRA:C9X0

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

€70.18
Price
€81.83
GF Value