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AAONAAON -7.14%95 EV-to-FCF is -49.68 as of Jul. 28, 2026. GuruFocus rates AAON with a GF Score™ of 95/100 and a GF Value™ of $122.78 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,099 Construction companies, AAON ranks worse than 90991.72% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, AAON's Enterprise Value is $8,129 Mil.
AAON's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-164 Mil. Therefore, AAON's EV-to-FCF for today is -49.68.
The historical rank and industry rank for AAON's EV-to-FCF or its related term are showing as below:
AAON'
s EV-to-FCF Range Over the Past 10 Years
Min: -547.51 Med: 53.22 Max: 742.42
Current: -49.68
During the past 13 years, the highest EV-to-FCF of AAON was 742.42. The lowest was -547.51. And the median was 53.22.
AAON's EV-to-FCF is ranked worse than 100% of 1099
companies
in the Construction industry
Industry Median: 12.94
vs AAON: -49.68
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-28), AAON's stock price is $93.70.
AAON's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.430. Therefore, AAON's PE Ratio (TTM) for today is 65.52.
AAON (NAS:AAON) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
AAON's share price for today is $93.70.
AAON's Earnings per Share (Diluted) 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 $1.430.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
AAON EV-to-FCF Related Terms
AAON EV-to-FCF Historical Data
* Premium members only.
The historical data trend for AAON's EV-to-FCF 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 Building Products & Equipment subindustry, AAON's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
AAON EV-to-FCF vs Construction Industry
For the Construction industry and Industrials sector, AAON's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where AAON's EV-to-FCF falls into.
AAON's current Enterprise Value is $8,129 Mil.
AAON'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 $-164 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.
AAON (AAON) has a EV-to-FCF of -49.68 as of Jul. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on AAON and its competitors. According to the industry distribution chart, AAON ranks #999999 out of 1099 companies in the Construction industry.
Is AAON's EV-to-FCF too high?
AAON's current EV-to-FCF is -49.68. Based on the distribution chart, AAON ranks #999999 out of 1099 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, AAON has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AAON's EV-to-FCF compare to BLDR and AWI?
According to the Construction industry distribution chart, AAON ranks #999999 out of 1099 companies for EV-to-FCF. This places AAON in the lower half of its industry. The industry median EV-to-FCF is 12.94. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Construction company?
The median EV-to-FCF among Construction companies is 12.94, based on 1,099 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on AAON and its competitors. For the Construction industry, the median EV-to-FCF is 12.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AAON's current EV-to-FCF is -49.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AAON stock overvalued right now?
Based on GuruFocus' analysis, AAON (AAON) is currently considered Modestly Undervalued. The stock's GF Value™ is $122.78, compared to a current price of $93.70 — trading 23.7% below its estimated fair value. The current EV-to-FCF is -49.68. AAON's overall GF Score™ is 95/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For AAON (AAON), the current EV-to-FCF is -49.68 as of Jul. 28, 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 AAON (AAON) Overvalued in 2026?
Based on GuruFocus' analysis, AAON stock appears to be undervalued.
The current stock price of $93.70 is trading 23.7% below its estimated GF Value™ of $122.78.
GuruFocus considers AAON to be Modestly Undervalued.
Key valuation signals for AAON:
EV-to-FCF: -49.68
GF Value™: $122.78 vs. price of $93.70 (23.7% below fair value)
No single metric tells the full story. See the AAON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It generates the majority of its revenue from the AAON Oklahoma segment which derives maximum revenue, engineers, manufactures, and sells, semi-custom, and custom HVAC systems, designs and manufactures control solutions, and sells retail parts to customers through retail part stores and online.
95GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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