EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Qantas Airways's Enterprise Value is A$22,048 Mil.
Qantas Airways's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$-340 Mil. Therefore, Qantas Airways's EV-to-FCF for today is -64.85.
The historical rank and industry rank for Qantas Airways's EV-to-FCF or its related term are showing as below:
ASX:QAN'
s EV-to-FCF Range Over the Past 10 Years
Min: -65.74 Med: 10.69 Max: 53.32
Current: -65.74
During the past 13 years, the highest EV-to-FCF of Qantas Airways was 53.32. The lowest was -65.74. And the median was 10.69.
ASX:QAN's EV-to-FCF is ranked worse than 100% of 673
companies
in the Transportation industry
Industry Median: 14.11
vs ASX:QAN: -65.74
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.
Qantas Airways's PE Ratio (TTM) for today is calculated as:
Qantas Airways's share price for today is A$10.41.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Qantas Airways's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.056.
* 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.
Qantas Airways EV-to-FCF Related Terms
Qantas Airways EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Qantas Airways'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 Airlines subindustry, Qantas Airways'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.
Qantas Airways EV-to-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Qantas Airways's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Qantas Airways's EV-to-FCF falls into.
Qantas Airways's current Enterprise Value is A$22,048 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Qantas Airways's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$-340 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 (ASX:QAN) has a EV-to-FCF of -64.85 as of Jul. 10, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Qantas Airways and its competitors. According to the industry distribution chart, Qantas Airways ranks #999999 out of 673 companies in the Transportation industry.
Is Qantas Airways' EV-to-FCF too high?
Qantas Airways' current EV-to-FCF is -64.85. Based on the distribution chart, Qantas Airways ranks #999999 out of 673 companies in the Transportation industry, which is in the bottom quartile relative to peers. 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' EV-to-FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Qantas Airways ranks #999999 out of 673 companies for EV-to-FCF. This places Qantas Airways in the lower half of its industry. The industry median EV-to-FCF is 14.11. 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 Transportation company?
The median EV-to-FCF among Transportation companies is 14.11, based on 673 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 Qantas Airways and its competitors. For the Transportation industry, the median EV-to-FCF is 14.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qantas Airways's current EV-to-FCF is -64.85. 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 (ASX:QAN) is currently considered Fairly Valued. The stock's GF Value™ is A$11.10, compared to a current price of A$10.41 — trading 6.2% below its estimated fair value. The current EV-to-FCF is -64.85. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Qantas Airways (ASX:QAN), the current EV-to-FCF is -64.85 as of Jul. 10, 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 (ASX:QAN) Overvalued in 2026?
Based on GuruFocus' analysis, Qantas Airways stock appears to be undervalued.
The current stock price of A$10.41 is trading 6.2% below its estimated GF Value™ of A$11.10.
GuruFocus considers Qantas Airways to be Fairly Valued.
Key valuation signals for ASX:QAN:
EV-to-FCF: -64.85
GF Value™: A$11.10 vs. price of A$10.41 (6.2% below fair value)
No single metric tells the full story. See the ASX: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
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