Downer EDI (ASX:DOW) EV-to-FCF: 13.22 (As of Aug. 02, 2026) — 18% Below Median

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.

ASX:DOW Downer EDI Ltd ASX:DOW
59 GF Score
Price A$7.78
GF Value A$4.52
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Downer EDI EV-to-FCF?

Downer EDI ASX:DOW +0.13% 59 EV-to-FCF is 13.22 as of Aug. 02, 2026, which is 18% below its 10-year median of 16.06. GuruFocus rates ASX:DOW with a GF Score™ of 59/100 and a GF Value™ of A$4.52 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,101 Construction companies, Downer EDI ranks worse than 50.59% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Downer EDI's Enterprise Value is A$5,940 Mil. Downer EDI's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$449 Mil. Therefore, Downer EDI's EV-to-FCF for today is 13.22.

The historical rank and industry rank for Downer EDI's EV-to-FCF or its related term are showing as below:

ASX:DOW' s EV-to-FCF Range Over the Past 10 Years
Min: -28.64   Med: 16.06   Max: 84.54
Current: 13.31

During the past 13 years, the highest EV-to-FCF of Downer EDI was 84.54. The lowest was -28.64. And the median was 16.06.

ASX:DOW's EV-to-FCF is ranked worse than
50.59% of 1101 companies
in the Construction industry
Industry Median: 13.12 vs ASX:DOW: 13.31

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 (2026-08-02), Downer EDI's stock price is A$7.78. Downer EDI's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.241. Therefore, Downer EDI's PE Ratio (TTM) for today is 32.28.


Downer EDI  (ASX:DOW) 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.

Downer EDI's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=7.78/0.241
=32.28

Downer EDI's share price for today is A$7.78.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Downer EDI's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.241.

* 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.


Downer EDI EV-to-FCF Related Terms


Downer EDI EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Downer EDI'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.

Downer EDI EV-to-FCF Chart

Downer EDI Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.22 21.17 72.50 10.68 11.64

Downer EDI Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-FCF 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 0.00 10.68 0.00 11.64 0.00

ASX:DOW vs PWR, FIX, EME: EV-to-FCF Comparison

For the Engineering & Construction subindustry, Downer EDI'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.


Downer EDI EV-to-FCF vs Construction Industry

For the Construction industry and Industrials sector, Downer EDI's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Downer EDI's EV-to-FCF falls into.


ASX:DOW
59GF Score
Downer EDI Ltd ASX:DOW
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Downer EDI EV-to-FCF Calculation

Downer EDI's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=5940.403/449.2
=13.22

Downer EDI's current Enterprise Value is A$5,940 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Downer EDI's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$449 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 13.22 mean?
Downer EDI (ASX:DOW) has a EV-to-FCF of 13.22 as of Aug. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Downer EDI and its competitors. This is 18% below median its historical median of 16.06. According to the industry distribution chart, Downer EDI ranks #557 out of 1101 companies in the Construction industry, placing it in the top 50.6%.
Is Downer EDI's EV-to-FCF too high?
Downer EDI's current EV-to-FCF of 13.22 is 18% below median its 10-year median of 16.06. The Construction industry median EV-to-FCF is 13.12. Downer EDI's value of 13.22 is 0.8% above this industry median. Based on the distribution chart, Downer EDI ranks #557 out of 1101 companies in the Construction industry, which is below the industry midpoint. Overall, Downer EDI has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Downer EDI's EV-to-FCF compare to PWR and FIX?
According to the Construction industry distribution chart, Downer EDI ranks #557 out of 1101 companies for EV-to-FCF. This places Downer EDI in the lower half of its industry. The industry median EV-to-FCF is 13.12. Downer EDI's value of 13.22 is 0.8% above this benchmark. While the company's 10-year median is 16.06 vs. the industry median of 13.12, Downer EDI has consistently been above the industry average. 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 13.12, based on 1,101 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. Downer EDI's current EV-to-FCF of 13.22 is 0.8% above the industry median. 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 Downer EDI and its competitors. For the Construction industry, the median EV-to-FCF is 13.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Downer EDI's current EV-to-FCF is 13.22, which is 18% below median its own 10-year median of 16.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Downer EDI stock overvalued right now?
Based on GuruFocus' analysis, Downer EDI (ASX:DOW) is currently considered Significantly Overvalued. The stock's GF Value™ is A$4.52, compared to a current price of A$7.78 — trading 72.1% above its estimated fair value. The current EV-to-FCF is 13.22, which is 18% below median its 10-year median of 16.06 and 0.8% above the Construction industry median of 13.12. Downer EDI's overall GF Score™ is 59/100 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 Downer EDI (ASX:DOW), the current EV-to-FCF is 13.22 as of Aug. 02, 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 Downer EDI (ASX:DOW) Overvalued in 2026?

Based on GuruFocus' analysis, Downer EDI stock appears to be overvalued. The current stock price of A$7.78 is trading 72.1% above its estimated GF Value™ of A$4.52. GuruFocus considers Downer EDI to be Significantly Overvalued.

Key valuation signals for ASX:DOW:

  • EV-to-FCF: 13.22 (18% below median its 10-year median of 16.06)
  • GF Value™: A$4.52 vs. price of A$7.78 (72.1% above fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 0.8% above the Construction median (#557 of 1101)

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


Downer EDI Business Description

Other Exchanges DNE:Germany
Address 39 Delhi Road, Level 2, Triniti III, Triniti Business Campus, North Ryde, Sydney, NSW, AUS, 2113
Downer conducts construction and maintenance in the transport, technology and communications, utilities, rail, and defense segments. The future of Downer is focused on urban services, with mining and higher-risk construction businesses exited. Downer has strong relationships with local and state governments that outsource operational and management activities, ensuring a relatively consistent stream of recurring contract work. The transport segment contributes the majority of earnings.
59GF Score

Get the complete analysis for ASX:DOW

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

A$7.78
Price
A$4.52
GF Value