Veeco InstrumentsFRA:VEO +9.20%56 EV-to-FCF is 107.77 as of Jul. 01, 2026, which is 381% above its 10-year median of 22.40. GuruFocus rates FRA:VEO with a GF Score™ of 56/100 and a GF Value™ of €25.89 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 503 Semiconductors companies, Veeco Instruments ranks worse than 71.17% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Veeco Instruments's Enterprise Value is €3,955.5 Mil.
Veeco Instruments's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €36.7 Mil. Therefore, Veeco Instruments's EV-to-FCF for today is 107.77.
The historical rank and industry rank for Veeco Instruments's EV-to-FCF or its related term are showing as below:
FRA:VEO'
s EV-to-FCF Range Over the Past 10 Years
Min: -397.23 Med: 22.4 Max: 278.28
Current: 105.1
During the past 13 years, the highest EV-to-FCF of Veeco Instruments was 278.28. The lowest was -397.23. And the median was 22.40.
FRA:VEO's EV-to-FCF is ranked worse than 71.17% of 503
companies
in the Semiconductors industry
Industry Median: 48.01
vs FRA:VEO: 105.10
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.
Veeco Instruments's PE Ratio (TTM) for today is calculated as:
Veeco Instruments's share price for today is €65.76.
Veeco Instruments'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 €0.326.
* 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.
Veeco Instruments EV-to-FCF Related Terms
Veeco Instruments EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Veeco Instruments'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 Semiconductor Equipment & Materials subindustry, Veeco Instruments'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.
Veeco Instruments EV-to-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Veeco Instruments's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Veeco Instruments's EV-to-FCF falls into.
Veeco Instruments's current Enterprise Value is €3,955.5 Mil.
Veeco Instruments'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 €36.7 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.
Veeco Instruments (FRA:VEO) has a EV-to-FCF of 107.77 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Veeco Instruments and its competitors. This is 381% above median its historical median of 22.40. According to the industry distribution chart, Veeco Instruments ranks #358 out of 503 companies in the Semiconductors industry, placing it in the top 71.2%.
Is Veeco Instruments' EV-to-FCF too high?
Veeco Instruments' current EV-to-FCF of 107.77 is 381% above median its 10-year median of 22.40. The Semiconductors industry median EV-to-FCF is 48.01. Veeco Instruments' value of 107.77 is 124.5% above this industry median. Based on the distribution chart, Veeco Instruments ranks #358 out of 503 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Veeco Instruments has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Veeco Instruments' EV-to-FCF compare to IPGP and AXTI?
According to the Semiconductors industry distribution chart, Veeco Instruments ranks #358 out of 503 companies for EV-to-FCF. This places Veeco Instruments in the lower half of its industry. The industry median EV-to-FCF is 48.01. Veeco Instruments' value of 107.77 is 124.5% above this benchmark. While the company's 10-year median is 22.40 vs. the industry median of 48.01, Veeco Instruments 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 Semiconductors company?
The median EV-to-FCF among Semiconductors companies is 48.01, 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. Veeco Instruments's current EV-to-FCF of 107.77 is 124.5% 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 Veeco Instruments and its competitors. For the Semiconductors industry, the median EV-to-FCF is 48.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veeco Instruments's current EV-to-FCF is 107.77, which is 381% above median its own 10-year median of 22.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veeco Instruments stock overvalued right now?
Based on GuruFocus' analysis, Veeco Instruments (FRA:VEO) is currently considered Significantly Overvalued. The stock's GF Value™ is €25.89, compared to a current price of €65.76 — trading 154% above its estimated fair value. The current EV-to-FCF is 107.77, which is 381% above median its 10-year median of 22.40 and 124.5% above the Semiconductors industry median of 48.01. Veeco Instruments' overall GF Score™ is 56/100 with 9 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 Veeco Instruments (FRA:VEO), the current EV-to-FCF is 107.77 as of Jul. 01, 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 Veeco Instruments (FRA:VEO) Overvalued in 2026?
Based on GuruFocus' analysis, Veeco Instruments stock appears to be overvalued.
The current stock price of €65.76 is trading 154% above its estimated GF Value™ of €25.89.
GuruFocus considers Veeco Instruments to be Significantly Overvalued.
Key valuation signals for FRA:VEO:
EV-to-FCF: 107.77 (381% above median its 10-year median of 22.40)
GF Value™: €25.89 vs. price of €65.76 (154% above fair value)
Industry Position: 124.5% above the Semiconductors median (#358 of 503)
No single metric tells the full story. See the FRA:VEO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veeco Instruments Inc is a United States-based company engaged in designing, developing, and manufacturing thin-film process equipment, mainly used for producing electronic devices. The company focuses on semiconductor process equipment that addresses a range of challenging materials engineering problems for its customers. Its products include Laser Processing Systems, Lithography Systems, Ion Beam Systems, SiC CVD Systems, MOCVD Systems, Wet Processing Systems, MBE Technologies, Atomic Layer Deposition Systems, Physical Vapor Deposition Systems, Dicing and Lapping Systems, as well as Gas & Vapor Delivery Systems. The maximum of the company's revenue is generated from sales to the Semiconductor Industry and within China.
56GF Score
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