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, Qantas Airways's Enterprise Value is €13,529 Mil.
Qantas Airways's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €1,425 Mil. Therefore, Qantas Airways's EV-to-EBIT ratio for today is 9.50.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Qantas Airways's Enterprise Value is €13,529 Mil.
Qantas Airways's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €2,631 Mil. Therefore, Qantas Airways's EV-to-EBITDA ratio for today is 5.14.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Qantas Airways's Enterprise Value is €13,529 Mil.
Qantas Airways's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €13,680 Mil. Therefore, Qantas Airways's EV-to-Revenue ratio for today is 0.99.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Qantas Airways's Enterprise Value is €13,529 Mil.
Qantas Airways's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-192 Mil. Therefore, Qantas Airways's EV-to-FCF ratio for today is -70.40.
*** 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.
Qantas Airways (FRA:QAN) 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.
Qantas Airways's current Enterprise Value is €13,529 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Qantas Airways's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €1,425 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Qantas Airways's current Enterprise Value is €13,529 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Qantas Airways's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €2,631 Mil.
Qantas Airways's current Enterprise Value is €13,529 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Qantas Airways's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €13,680 Mil.
Qantas Airways's current Enterprise Value is €13,529 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Qantas Airways's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €2,225 Mil.
Qantas Airways's current Enterprise Value is €13,529 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Qantas Airways's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-192 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.
Qantas Airways Enterprise Value Related Terms
Qantas Airways Enterprise Value Historical Data
* Premium members only.
The historical data trend for Qantas Airways'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.
FRA:QAN vs DAL, UAL, LUV: Enterprise Value Comparison
For the Airlines subindustry, Qantas Airways'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.
Qantas Airways Enterprise Value vs Transportation Industry
For the Transportation industry and Industrials sector, Qantas Airways's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Qantas Airways'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.
Qantas Airways's Enterprise Value for the fiscal year that ended in Jun. 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.
Qantas Airways (FRA:QAN) has a Enterprise Value of €13,529 Mil as of Jul. 06, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Qantas Airways and its competitors.
Is Qantas Airways' Enterprise Value too high?
Qantas Airways' current Enterprise Value is €13,529 Mil. Overall, Qantas Airways has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qantas Airways' Enterprise Value compare to DAL and UAL?
Qantas Airways' Enterprise Value of €13,529 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 Qantas Airways and its competitors. Qantas Airways's current Enterprise Value is €13,529 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qantas Airways stock overvalued right now?
Based on GuruFocus' analysis, Qantas Airways (FRA:QAN) is currently considered Fairly Valued. The stock's GF Value™ is €6.73, compared to a current price of €6.44 — trading 4.4% below its estimated fair value. The current Enterprise Value is €13,529 Mil. Qantas Airways' overall GF Score™ is 83/100 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 Qantas Airways (FRA:QAN), the current Enterprise Value is €13,529 Mil as of Jul. 06, 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 Qantas Airways (FRA:QAN) Overvalued in 2026?
Based on GuruFocus' analysis, Qantas Airways stock appears to be undervalued.
The current stock price of €6.44 is trading 4.4% below its estimated GF Value™ of €6.73.
GuruFocus considers Qantas Airways to be Fairly Valued.
Key valuation signals for FRA:QAN:
Enterprise Value: €13,529 Mil
GF Value™: €6.73 vs. price of €6.44 (4.4% below fair value)
No single metric tells the full story. See the FRA:QAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qantas Airways is Australia's largest domestic airline with typically a two thirds market share, effectively competing in a duopoly with Virgin. The company operates a multibrand strategy, with low-cost carrier Jetstar complementing the full-service Qantas brand. Its frequent-flyer loyalty program continues to expand with new partnerships, which are integral to retaining customer loyalty for its core airline business.
83GF Score
Get the complete analysis for FRA:QAN
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:QAN has been successfully added to your 
