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Array TechnologiesFRA:9AY +1.82%67 EV-to-FCF is 35.69 as of Jul. 13, 2026, which is 161% above its 10-year median of 13.65. GuruFocus rates FRA:9AY with a GF Score™ of 67/100 and a GF Value™ of €8.39 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 503 Semiconductors companies, Array Technologies ranks better than 57.06% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Array Technologies's Enterprise Value is €1,778 Mil.
Array Technologies's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €50 Mil. Therefore, Array Technologies's EV-to-FCF for today is 35.69.
The historical rank and industry rank for Array Technologies's EV-to-FCF or its related term are showing as below:
FRA:9AY'
s EV-to-FCF Range Over the Past 10 Years
Min: -277.28 Med: 13.65 Max: 121.93
Current: 34.73
During the past 8 years, the highest EV-to-FCF of Array Technologies was 121.93. The lowest was -277.28. And the median was 13.65.
FRA:9AY's EV-to-FCF is ranked better than 57.06% of 503
companies
in the Semiconductors industry
Industry Median: 46.47
vs FRA:9AY: 34.73
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.
Array Technologies's PE Ratio (TTM) for today is calculated as:
Array Technologies's share price for today is €5.582.
Array Technologies'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 €-0.716.
* 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.
Array Technologies EV-to-FCF Related Terms
Array Technologies EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Array Technologies'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 Solar subindustry, Array Technologies'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.
Array Technologies EV-to-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Array Technologies's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Array Technologies's EV-to-FCF falls into.
Array Technologies's current Enterprise Value is €1,778 Mil.
Array Technologies'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 €50 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.
Array Technologies (FRA:9AY) has a EV-to-FCF of 35.69 as of Jul. 13, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Array Technologies and its competitors. This is 161% above median its historical median of 13.65. According to the industry distribution chart, Array Technologies ranks #216 out of 503 companies in the Semiconductors industry, placing it in the top 42.9%.
Is Array Technologies' EV-to-FCF too high?
Array Technologies' current EV-to-FCF of 35.69 is 161% above median its 10-year median of 13.65. The Semiconductors industry median EV-to-FCF is 46.47. Array Technologies' value of 35.69 is 23.2% below this industry median. Based on the distribution chart, Array Technologies ranks #216 out of 503 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Array Technologies has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array Technologies' EV-to-FCF compare to CSIQ and JKS?
According to the Semiconductors industry distribution chart, Array Technologies ranks #216 out of 503 companies for EV-to-FCF. This puts Array Technologies in the upper half of its industry. The industry median EV-to-FCF is 46.47. Array Technologies' value of 35.69 is 23.2% below this benchmark. While the company's 10-year median is 13.65 vs. the industry median of 46.47, Array Technologies 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 Semiconductors company?
The median EV-to-FCF among Semiconductors companies is 46.47, based on 503 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. Array Technologies's current EV-to-FCF of 35.69 is 23.2% 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 Array Technologies and its competitors. For the Semiconductors industry, the median EV-to-FCF is 46.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Array Technologies's current EV-to-FCF is 35.69, which is 161% above median its own 10-year median of 13.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Technologies stock overvalued right now?
Based on GuruFocus' analysis, Array Technologies (FRA:9AY) is currently considered Possible Value Trap. The stock's GF Value™ is €8.39, compared to a current price of €5.58 — trading 33.5% below its estimated fair value. The current EV-to-FCF is 35.69, which is 161% above median its 10-year median of 13.65 and 23.2% below the Semiconductors industry median of 46.47. Array Technologies' overall GF Score™ is 67/100 with 3 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 Array Technologies (FRA:9AY), the current EV-to-FCF is 35.69 as of Jul. 13, 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 Array Technologies (FRA:9AY) Overvalued in 2026?
Based on GuruFocus' analysis, Array Technologies stock appears to be undervalued.
The current stock price of €5.58 is trading 33.5% below its estimated GF Value™ of €8.39.
GuruFocus considers Array Technologies to be Possible Value Trap.
Key valuation signals for FRA:9AY:
EV-to-FCF: 35.69 (161% above median its 10-year median of 13.65)
GF Value™: €8.39 vs. price of €5.58 (33.5% below fair value)
Industry Position: 23.2% below the Semiconductors median (#216 of 503)
No single metric tells the full story. See the FRA:9AY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker that moves solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil, and the rest of the world, with the United States deriving the majority of the revenue.
67GF Score
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