EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Applied Digital's Enterprise Value is $10,544.6 Mil.
Applied Digital's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 was $-1,811.0 Mil. Therefore, Applied Digital's EV-to-FCF for today is -5.82.
The historical rank and industry rank for Applied Digital's EV-to-FCF or its related term are showing as below:
APLD'
s EV-to-FCF Range Over the Past 10 Years
Min: -37.14 Med: -5.98 Max: -1
Current: -5.82
During the past 13 years, the highest EV-to-FCF of Applied Digital was -1.00. The lowest was -37.14. And the median was -5.98.
APLD's EV-to-FCF is ranked worse than 100% of 1589
companies
in the Software industry
Industry Median: 14.3
vs APLD: -5.82
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.
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.
Applied Digital's PE Ratio (TTM) for today is calculated as:
Applied Digital's share price for today is $33.06.
Applied Digital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.740.
* 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.
Applied Digital EV-to-FCF Related Terms
Applied Digital EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Applied Digital'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 Information Technology Services subindustry, Applied Digital'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.
Applied Digital EV-to-FCF vs Software Industry
For the Software industry and Technology sector, Applied Digital's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Applied Digital's EV-to-FCF falls into.
Applied Digital's current Enterprise Value is $10,544.6 Mil.
Applied Digital's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,811.0 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.
Applied Digital (APLD) has a EV-to-FCF of -5.82 as of Jul. 04, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Applied Digital and its competitors. According to the industry distribution chart, Applied Digital ranks #999999 out of 1589 companies in the Software industry.
Is Applied Digital's EV-to-FCF too high?
Applied Digital's current EV-to-FCF is -5.82. Based on the distribution chart, Applied Digital ranks #999999 out of 1589 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Applied Digital has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Digital's EV-to-FCF compare to CIFR and WSE?
According to the Software industry distribution chart, Applied Digital ranks #999999 out of 1589 companies for EV-to-FCF. This places Applied Digital in the lower half of its industry. The industry median EV-to-FCF is 14.30. 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 Software company?
The median EV-to-FCF among Software companies is 14.30, based on 1,589 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 Applied Digital and its competitors. For the Software industry, the median EV-to-FCF is 14.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Digital's current EV-to-FCF is -5.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Digital stock overvalued right now?
Based on GuruFocus' analysis, Applied Digital (APLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.83, compared to a current price of $33.06 — trading 139% above its estimated fair value. The current EV-to-FCF is -5.82. Applied Digital's overall GF Score™ is 38/100 with 7 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 Applied Digital (APLD), the current EV-to-FCF is -5.82 as of Jul. 04, 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 Applied Digital (APLD) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Digital stock appears to be overvalued.
The current stock price of $33.06 is trading 139% above its estimated GF Value™ of $13.83.
GuruFocus considers Applied Digital to be Significantly Overvalued.
Key valuation signals for APLD:
EV-to-FCF: -5.82
GF Value™: $13.83 vs. price of $33.06 (139% above fair value)
No single metric tells the full story. See the APLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments: Data Center Hosting Business and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business, which operates data centers to provide energized space to crypto mining customers.
38GF Score
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