Cathay Pacific AirwaysCPCAF -8.58%73 EV-to-FCF is 8.06 as of Jul. 06, 2026, which is 8% above its 10-year median of 7.49. GuruFocus rates CPCAF with a GF Score™ of 73/100 and a GF Value™ of $1.29 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 673 Transportation companies, Cathay Pacific Airways ranks better than 70.73% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Cathay Pacific Airways's Enterprise Value is $16,053 Mil.
Cathay Pacific Airways's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $1,991 Mil. Therefore, Cathay Pacific Airways's EV-to-FCF for today is 8.06.
The historical rank and industry rank for Cathay Pacific Airways's EV-to-FCF or its related term are showing as below:
CPCAF'
s EV-to-FCF Range Over the Past 10 Years
Min: -77.26 Med: 7.49 Max: 39.53
Current: 8.11
During the past 13 years, the highest EV-to-FCF of Cathay Pacific Airways was 39.53. The lowest was -77.26. And the median was 7.49.
CPCAF's EV-to-FCF is ranked better than 70.73% of 673
companies
in the Transportation industry
Industry Median: 14.4
vs CPCAF: 8.11
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.
Cathay Pacific Airways's PE Ratio (TTM) for today is calculated as:
Cathay Pacific Airways's share price for today is $1.545.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cathay Pacific Airways's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.208.
* 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.
* 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, Cathay Pacific 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.
Cathay Pacific Airways EV-to-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Cathay Pacific Airways's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Cathay Pacific Airways's EV-to-FCF falls into.
Cathay Pacific Airways's current Enterprise Value is $16,053 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cathay Pacific Airways's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $1,991 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.
Cathay Pacific Airways (CPCAF) has a EV-to-FCF of 8.06 as of Jul. 06, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cathay Pacific Airways and its competitors. This is near median its historical median of 7.49. According to the industry distribution chart, Cathay Pacific Airways ranks #197 out of 673 companies in the Transportation industry, placing it in the top 29.3%.
Is Cathay Pacific Airways' EV-to-FCF too high?
Cathay Pacific Airways' current EV-to-FCF of 8.06 is near median its 10-year median of 7.49. The Transportation industry median EV-to-FCF is 14.40. Cathay Pacific Airways' value of 8.06 is 44% below this industry median. Based on the distribution chart, Cathay Pacific Airways ranks #197 out of 673 companies in the Transportation industry, which is above the industry midpoint. Overall, Cathay Pacific Airways has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cathay Pacific Airways' EV-to-FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Cathay Pacific Airways ranks #197 out of 673 companies for EV-to-FCF. This puts Cathay Pacific Airways in the upper half of its industry. The industry median EV-to-FCF is 14.40. Cathay Pacific Airways' value of 8.06 is 44% below this benchmark. While the company's 10-year median is 7.49 vs. the industry median of 14.40, Cathay Pacific Airways has consistently been below 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 Transportation company?
The median EV-to-FCF among Transportation companies is 14.40, 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. Cathay Pacific Airways's current EV-to-FCF of 8.06 is 44% below 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 Cathay Pacific Airways and its competitors. For the Transportation industry, the median EV-to-FCF is 14.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cathay Pacific Airways's current EV-to-FCF is 8.06, which is near median its own 10-year median of 7.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Pacific Airways stock overvalued right now?
Based on GuruFocus' analysis, Cathay Pacific Airways (CPCAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.29, compared to a current price of $1.55 — trading 19.8% above its estimated fair value. The current EV-to-FCF is 8.06, which is near median its 10-year median of 7.49 and 44% below the Transportation industry median of 14.40. Cathay Pacific Airways' overall GF Score™ is 73/100 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 Cathay Pacific Airways (CPCAF), the current EV-to-FCF is 8.06 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 Cathay Pacific Airways (CPCAF) Overvalued in 2026?
Based on GuruFocus' analysis, Cathay Pacific Airways stock appears to be overvalued.
The current stock price of $1.55 is trading 19.8% above its estimated GF Value™ of $1.29.
GuruFocus considers Cathay Pacific Airways to be Modestly Overvalued.
Key valuation signals for CPCAF:
EV-to-FCF: 8.06 (near median its 10-year median of 7.49)
GF Value™: $1.29 vs. price of $1.55 (19.8% above fair value)
Industry Position: 44% below the Transportation median (#197 of 673)
No single metric tells the full story. See the CPCAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cathay Pacific is Hong Kong's largest airline group, operating a fleet of 237 aircraft as of December 2025 and serving over 100 destinations globally. As of March 2026, its largest shareholders remain Swire Pacific and Air China, with stakes of 45% and 29%, respectively. The group operates the full-service carrier Cathay Pacific, low-cost carrier HK Express, and cargo operator Air Hong Kong.
73GF Score
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