Leonardo SpAFINMF -0.03%84 EV-to-FCF is 13.54 as of Jun. 26, 2026, which is 35% above its 10-year median of 10.02. GuruFocus rates FINMF with a GF Score™ of 84/100 and a GF Value™ of $34.92 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 180 Aerospace & Defense companies, Leonardo SpA ranks better than 76.11% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Leonardo SpA's Enterprise Value is $30,454 Mil.
Leonardo SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $2,249 Mil. Therefore, Leonardo SpA's EV-to-FCF for today is 13.54.
The historical rank and industry rank for Leonardo SpA's EV-to-FCF or its related term are showing as below:
FINMF'
s EV-to-FCF Range Over the Past 10 Years
Min: -27 Med: 10.02 Max: 90.4
Current: 13.54
During the past 13 years, the highest EV-to-FCF of Leonardo SpA was 90.40. The lowest was -27.00. And the median was 10.02.
FINMF's EV-to-FCF is ranked better than 76.11% of 180
companies
in the Aerospace & Defense industry
Industry Median: 34.475
vs FINMF: 13.54
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.
Leonardo SpA's PE Ratio (TTM) for today is calculated as:
Leonardo SpA's share price for today is $52.90.
Leonardo SpA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.103.
* 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.
Leonardo SpA EV-to-FCF Related Terms
Leonardo SpA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Leonardo SpA'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 Aerospace & Defense subindustry, Leonardo SpA'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.
Leonardo SpA EV-to-FCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Leonardo SpA's EV-to-FCF falls into.
Leonardo SpA's current Enterprise Value is $30,454 Mil.
Leonardo SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,249 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.
Leonardo SpA (FINMF) has a EV-to-FCF of 13.54 as of Jun. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Leonardo SpA and its competitors. This is 35% above median its historical median of 10.02. According to the industry distribution chart, Leonardo SpA ranks #43 out of 180 companies in the Aerospace & Defense industry, placing it in the top 23.9%.
Is Leonardo SpA's EV-to-FCF too high?
Leonardo SpA's current EV-to-FCF of 13.54 is 35% above median its 10-year median of 10.02. The Aerospace & Defense industry median EV-to-FCF is 34.48. Leonardo SpA's value of 13.54 is 60.7% below this industry median. Based on the distribution chart, Leonardo SpA ranks #43 out of 180 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Leonardo SpA has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo SpA's EV-to-FCF compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Leonardo SpA ranks #43 out of 180 companies for EV-to-FCF. This places Leonardo SpA in the top 24% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 34.48. Leonardo SpA's value of 13.54 is 60.7% below this benchmark. While the company's 10-year median is 10.02 vs. the industry median of 34.48, Leonardo SpA 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 an Aerospace & Defense company?
The median EV-to-FCF among Aerospace & Defense companies is 34.48, based on 180 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. Leonardo SpA's current EV-to-FCF of 13.54 is 60.7% 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 Leonardo SpA and its competitors. For the Aerospace & Defense industry, the median EV-to-FCF is 34.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leonardo SpA's current EV-to-FCF is 13.54, which is 35% above median its own 10-year median of 10.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leonardo SpA stock overvalued right now?
Based on GuruFocus' analysis, Leonardo SpA (FINMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.92, compared to a current price of $52.90 — trading 51.5% above its estimated fair value. The current EV-to-FCF is 13.54, which is 35% above median its 10-year median of 10.02 and 60.7% below the Aerospace & Defense industry median of 34.48. Leonardo SpA's overall GF Score™ is 84/100 with 1 warning sign 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 Leonardo SpA (FINMF), the current EV-to-FCF is 13.54 as of Jun. 26, 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 Leonardo SpA (FINMF) Overvalued in 2026?
Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued.
The current stock price of $52.90 is trading 51.5% above its estimated GF Value™ of $34.92.
GuruFocus considers Leonardo SpA to be Significantly Overvalued.
Key valuation signals for FINMF:
EV-to-FCF: 13.54 (35% above median its 10-year median of 10.02)
GF Value™: $34.92 vs. price of $52.90 (51.5% above fair value)
Industry Position: 60.7% below the Aerospace & Defense median (#43 of 180)
No single metric tells the full story. See the FINMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leonardo is a leading European security firm, with 30.2% of shares owned by the Italian government. Divisions include helicopters, defence electronics & security, aeronautics, cyber & security solutions, and space.The helicopter division serves both military and civil markets. Defence electronics & security accesses the US market through the Leonardo DRS subsidiary. Aeronautics integrates aircraft and aerostructures, participating in major programs like Eurofighter, F-35, and the Global Combat Air Programme, or GCAP. It also supplies large structural components to major commercial aircraft programs. Leonardo is currently evolving from a defense firm into a data-driven global security company.
84GF Score
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