FuelCell EnergyFCEL +21.95%61 EV-to-FCF is -17.85 as of Jun. 30, 2026. GuruFocus rates FCEL with a GF Score™ of 61/100 and a GF Value™ of $7.92 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,728 Industrial Products companies, FuelCell Energy ranks worse than 57870.31% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, FuelCell Energy's Enterprise Value is $2,312.4 Mil.
FuelCell Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was $-129.6 Mil. Therefore, FuelCell Energy's EV-to-FCF for today is -17.85.
The historical rank and industry rank for FuelCell Energy's EV-to-FCF or its related term are showing as below:
FCEL'
s EV-to-FCF Range Over the Past 10 Years
Min: -91.28 Med: -3.09 Max: -0.41
Current: -17.85
During the past 13 years, the highest EV-to-FCF of FuelCell Energy was -0.41. The lowest was -91.28. And the median was -3.09.
FCEL's EV-to-FCF is ranked worse than 100% of 1728
companies
in the Industrial Products industry
Industry Median: 26.15
vs FCEL: -17.85
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.
FuelCell Energy's PE Ratio (TTM) for today is calculated as:
FuelCell Energy's share price for today is $36.34.
FuelCell Energy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.570.
* 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.
FuelCell Energy EV-to-FCF Related Terms
FuelCell Energy EV-to-FCF Historical Data
* Premium members only.
The historical data trend for FuelCell Energy'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 Electrical Equipment & Parts subindustry, FuelCell Energy'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.
FuelCell Energy EV-to-FCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FuelCell Energy's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where FuelCell Energy's EV-to-FCF falls into.
FuelCell Energy's current Enterprise Value is $2,312.4 Mil.
FuelCell Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-129.6 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.
FuelCell Energy (FCEL) has a EV-to-FCF of -17.85 as of Jun. 30, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on FuelCell Energy and its competitors. According to the industry distribution chart, FuelCell Energy ranks #999999 out of 1728 companies in the Industrial Products industry.
Is FuelCell Energy's EV-to-FCF too high?
FuelCell Energy's current EV-to-FCF is -17.85. Based on the distribution chart, FuelCell Energy ranks #999999 out of 1728 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, FuelCell Energy has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FuelCell Energy's EV-to-FCF compare to ENR and AMPX?
According to the Industrial Products industry distribution chart, FuelCell Energy ranks #999999 out of 1728 companies for EV-to-FCF. This places FuelCell Energy in the lower half of its industry. The industry median EV-to-FCF is 26.15. 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 an Industrial Products company?
The median EV-to-FCF among Industrial Products companies is 26.15, based on 1,728 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 FuelCell Energy and its competitors. For the Industrial Products industry, the median EV-to-FCF is 26.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FuelCell Energy's current EV-to-FCF is -17.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FuelCell Energy stock overvalued right now?
Based on GuruFocus' analysis, FuelCell Energy (FCEL) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.92, compared to a current price of $36.34 — trading 358.8% above its estimated fair value. The current EV-to-FCF is -17.85. FuelCell Energy's overall GF Score™ is 61/100 with 11 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 FuelCell Energy (FCEL), the current EV-to-FCF is -17.85 as of Jun. 30, 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 FuelCell Energy (FCEL) Overvalued in 2026?
Based on GuruFocus' analysis, FuelCell Energy stock appears to be overvalued.
The current stock price of $36.34 is trading 358.8% above its estimated GF Value™ of $7.92.
GuruFocus considers FuelCell Energy to be Significantly Overvalued.
Key valuation signals for FCEL:
EV-to-FCF: -17.85
GF Value™: $7.92 vs. price of $36.34 (358.8% above fair value)
No single metric tells the full story. See the FCEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FuelCell Energy Inc is a clean energy technology company engaged in the development, design, production, and servicing of high temperature fuel cells for clean electric power generation. The Company provides proprietary molten carbonate fuel cell systems that generate electricity electrochemically with ultra low emissions and high efficiency, and operates as a solutions provider managing the design, manufacturing, installation, and maintenance of its systems under long term power purchase, service, and engineering procurement agreements. The Company serves utilities, data centers, and commercial and industrial customers, and operates in the United States, South Korea, Europe, and Canada, with maximum revenue generated from the United States.
61GF Score
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