Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
KeyCorpFRA:KEY -2.53%63 EV-to-FCF is 18.34 as of Jul. 30, 2026, which is 8% above its 10-year median of 16.97. GuruFocus rates FRA:KEY with a GF Score™ of 63/100 and a GF Value™ of €17.32 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,191 Banks companies, KeyCorp ranks worse than 79.26% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, KeyCorp's Enterprise Value is €34,362 Mil.
KeyCorp's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €1,873 Mil. Therefore, KeyCorp's EV-to-FCF for today is 18.34.
The historical rank and industry rank for KeyCorp's EV-to-FCF or its related term are showing as below:
FRA:KEY'
s EV-to-FCF Range Over the Past 10 Years
Min: -341.08 Med: 16.97 Max: 336.85
Current: 18.01
During the past 13 years, the highest EV-to-FCF of KeyCorp was 336.85. The lowest was -341.08. And the median was 16.97.
FRA:KEY's EV-to-FCF is ranked worse than 79.26% of 1191
companies
in the Banks industry
Industry Median: 7.24
vs FRA:KEY: 18.01
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.
KeyCorp's share price for today is €19.63.
KeyCorp'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 €1.479.
* 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.
KeyCorp EV-to-FCF Related Terms
KeyCorp EV-to-FCF Historical Data
* Premium members only.
The historical data trend for KeyCorp'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 Banks - Regional subindustry, KeyCorp'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.
KeyCorp EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, KeyCorp's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where KeyCorp's EV-to-FCF falls into.
KeyCorp's current Enterprise Value is €34,362 Mil.
KeyCorp'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 €1,873 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.
KeyCorp (FRA:KEY) has a EV-to-FCF of 18.34 as of Jul. 30, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on KeyCorp and its competitors. This is near median its historical median of 16.97. According to the industry distribution chart, KeyCorp ranks #944 out of 1191 companies in the Banks industry, placing it in the top 79.3%.
Is KeyCorp's EV-to-FCF too high?
KeyCorp's current EV-to-FCF of 18.34 is near median its 10-year median of 16.97. The Banks industry median EV-to-FCF is 7.24. KeyCorp's value of 18.34 is 153.3% above this industry median. Based on the distribution chart, KeyCorp ranks #944 out of 1191 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, KeyCorp has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KeyCorp's EV-to-FCF compare to FCNCA and RF?
According to the Banks industry distribution chart, KeyCorp ranks #944 out of 1191 companies for EV-to-FCF. This places KeyCorp in the lower half of its industry. The industry median EV-to-FCF is 7.24. KeyCorp's value of 18.34 is 153.3% above this benchmark. While the company's 10-year median is 16.97 vs. the industry median of 7.24, KeyCorp 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 a Banks company?
The median EV-to-FCF among Banks companies is 7.24, based on 1,191 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. KeyCorp's current EV-to-FCF of 18.34 is 153.3% 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 KeyCorp and its competitors. For the Banks industry, the median EV-to-FCF is 7.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KeyCorp's current EV-to-FCF is 18.34, which is near median its own 10-year median of 16.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KeyCorp stock overvalued right now?
Based on GuruFocus' analysis, KeyCorp (FRA:KEY) is currently considered Modestly Overvalued. The stock's GF Value™ is €17.32, compared to a current price of €19.63 — trading 13.3% above its estimated fair value. The current EV-to-FCF is 18.34, which is near median its 10-year median of 16.97 and 153.3% above the Banks industry median of 7.24. KeyCorp's overall GF Score™ is 63/100 with 6 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 KeyCorp (FRA:KEY), the current EV-to-FCF is 18.34 as of Jul. 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 KeyCorp (FRA:KEY) Overvalued in 2026?
Based on GuruFocus' analysis, KeyCorp stock appears to be overvalued.
The current stock price of €19.63 is trading 13.3% above its estimated GF Value™ of €17.32.
GuruFocus considers KeyCorp to be Modestly Overvalued.
Key valuation signals for FRA:KEY:
EV-to-FCF: 18.34 (near median its 10-year median of 16.97)
GF Value™: €17.32 vs. price of €19.63 (13.3% above fair value)
Industry Position: 153.3% above the Banks median (#944 of 1191)
No single metric tells the full story. See the FRA:KEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
With assets of around $190 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its three largest markets: Ohio, New York, and Washington. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.
63GF Score
Get the complete analysis for FRA:KEY
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:KEY has been successfully added to your 
