Kardex Holding AGFRA:KAX2 -0.41%95 EV-to-FCF is 66.30 as of Jul. 02, 2026, which is 163% above its 10-year median of 25.21. GuruFocus rates FRA:KAX2 with a GF Score™ of 95/100 and a GF Value™ of €329.56 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,726 Industrial Products companies, Kardex Holding AG ranks worse than 75.26% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Kardex Holding AG's Enterprise Value is €1,770.3 Mil.
Kardex Holding AG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €26.7 Mil. Therefore, Kardex Holding AG's EV-to-FCF for today is 66.30.
The historical rank and industry rank for Kardex Holding AG's EV-to-FCF or its related term are showing as below:
FRA:KAX2'
s EV-to-FCF Range Over the Past 10 Years
Min: -193.89 Med: 25.21 Max: 86.93
Current: 63.64
During the past 13 years, the highest EV-to-FCF of Kardex Holding AG was 86.93. The lowest was -193.89. And the median was 25.21.
FRA:KAX2's EV-to-FCF is ranked worse than 75.26% of 1726
companies
in the Industrial Products industry
Industry Median: 26.06
vs FRA:KAX2: 63.64
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.
Kardex Holding AG (FRA:KAX2) EV-to-FCF Explanation
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.
Kardex Holding AG's PE Ratio (TTM) for today is calculated as:
Kardex Holding AG's share price for today is €242.50.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Kardex Holding AG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €5.390.
* 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.
Kardex Holding AG EV-to-FCF Related Terms
Kardex Holding AG EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Kardex Holding AG'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 Specialty Industrial Machinery subindustry, Kardex Holding AG'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.
Kardex Holding AG EV-to-FCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kardex Holding AG's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Kardex Holding AG's EV-to-FCF falls into.
Kardex Holding AG's current Enterprise Value is €1,770.3 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Kardex Holding AG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €26.7 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.
Kardex Holding AG (FRA:KAX2) has a EV-to-FCF of 66.30 as of Jul. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Kardex Holding AG and its competitors. This is 163% above median its historical median of 25.21. According to the industry distribution chart, Kardex Holding AG ranks #1299 out of 1726 companies in the Industrial Products industry, placing it in the top 75.3%.
Is Kardex Holding AG's EV-to-FCF too high?
Kardex Holding AG's current EV-to-FCF of 66.30 is 163% above median its 10-year median of 25.21. The Industrial Products industry median EV-to-FCF is 26.06. Kardex Holding AG's value of 66.30 is 154.4% above this industry median. Based on the distribution chart, Kardex Holding AG ranks #1299 out of 1726 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Kardex Holding AG has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kardex Holding AG's EV-to-FCF compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kardex Holding AG ranks #1299 out of 1726 companies for EV-to-FCF. This places Kardex Holding AG in the lower half of its industry. The industry median EV-to-FCF is 26.06. Kardex Holding AG's value of 66.30 is 154.4% above this benchmark. While the company's 10-year median is 25.21 vs. the industry median of 26.06, Kardex Holding AG has consistently been above 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 Industrial Products company?
The median EV-to-FCF among Industrial Products companies is 26.06, based on 1,726 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. Kardex Holding AG's current EV-to-FCF of 66.30 is 154.4% above 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 Kardex Holding AG and its competitors. For the Industrial Products industry, the median EV-to-FCF is 26.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardex Holding AG's current EV-to-FCF is 66.30, which is 163% above median its own 10-year median of 25.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardex Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Kardex Holding AG (FRA:KAX2) is currently considered Modestly Undervalued. The stock's GF Value™ is €329.56, compared to a current price of €242.50 — trading 26.4% below its estimated fair value. The current EV-to-FCF is 66.30, which is 163% above median its 10-year median of 25.21 and 154.4% above the Industrial Products industry median of 26.06. Kardex Holding AG's overall GF Score™ is 95/100 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 Kardex Holding AG (FRA:KAX2), the current EV-to-FCF is 66.30 as of Jul. 02, 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 Kardex Holding AG (FRA:KAX2) Overvalued in 2026?
Based on GuruFocus' analysis, Kardex Holding AG stock appears to be undervalued.
The current stock price of €242.50 is trading 26.4% below its estimated GF Value™ of €329.56.
GuruFocus considers Kardex Holding AG to be Modestly Undervalued.
Key valuation signals for FRA:KAX2:
EV-to-FCF: 66.30 (163% above median its 10-year median of 25.21)
GF Value™: €329.56 vs. price of €242.50 (26.4% below fair value)
Industry Position: 154.4% above the Industrial Products median (#1299 of 1726)
No single metric tells the full story. See the FRA:KAX2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kardex Holding AG is a partner for intralogistics solutions. The Group offers premium automated products, standardized systems, and life cycle services and provides dynamic storage and retrieval systems, integrated material handling systems, small parts storage systems including multi-shuttle technology, automated high-bay warehouses, and flexible and modular storage and order fulfillment solutions as an AutoStore partner. It is organized into two reporting segments: Automated Products, which generates maximum revenue, and Standardized Systems. Automated Products consists of the Business Unit Kardex Remstar, while Standardized Systems includes the Business Units Kardex Mlog, Kardex AS Solutions, and Rocket Solution. The company operates in Europe, the Americas, and Asia-Pacific.
95GF Score
Get the complete analysis for FRA:KAX2
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:KAX2 has been successfully added to your 
