EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, National Australia Bank's Enterprise Value is €147,713 Mil.
National Australia Bank's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €-893 Mil. Therefore, National Australia Bank's EV-to-FCF for today is -165.44.
The historical rank and industry rank for National Australia Bank's EV-to-FCF or its related term are showing as below:
HAM:NAL'
s EV-to-FCF Range Over the Past 10 Years
Min: -1820.86 Med: 5.64 Max: 39.68
Current: -320.34
During the past 13 years, the highest EV-to-FCF of National Australia Bank was 39.68. The lowest was -1820.86. And the median was 5.64.
HAM:NAL's EV-to-FCF is ranked worse than 100% of 1196
companies
in the Banks industry
Industry Median: 6.545
vs HAM:NAL: -320.34
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.
National Australia Bank (HAM:NAL) 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.
National Australia Bank's PE Ratio (TTM) for today is calculated as:
National Australia Bank's share price for today is €22.79.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Australia Bank's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €1.161.
* 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.
* 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 - Diversified subindustry, National Australia Bank'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.
National Australia Bank EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, National Australia Bank's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where National Australia Bank's EV-to-FCF falls into.
National Australia Bank's current Enterprise Value is €147,713 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Australia Bank's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €-893 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.
National Australia Bank (HAM:NAL) has a EV-to-FCF of -165.44 as of Jun. 30, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on National Australia Bank and its competitors. According to the industry distribution chart, National Australia Bank ranks #999999 out of 1196 companies in the Banks industry.
Is National Australia Bank's EV-to-FCF too high?
National Australia Bank's current EV-to-FCF is -165.44. Based on the distribution chart, National Australia Bank ranks #999999 out of 1196 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, National Australia Bank has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Australia Bank's EV-to-FCF compare to JPM and BAC?
According to the Banks industry distribution chart, National Australia Bank ranks #999999 out of 1196 companies for EV-to-FCF. This places National Australia Bank in the lower half of its industry. The industry median EV-to-FCF is 6.55. 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 6.55, based on 1,196 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. 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 National Australia Bank and its competitors. For the Banks industry, the median EV-to-FCF is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Australia Bank's current EV-to-FCF is -165.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Australia Bank stock overvalued right now?
Based on GuruFocus' analysis, National Australia Bank (HAM:NAL) is currently considered Modestly Undervalued. The stock's GF Value™ is €25.52, compared to a current price of €22.79 — trading 10.7% below its estimated fair value. The current EV-to-FCF is -165.44. National Australia Bank's 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 National Australia Bank (HAM:NAL), the current EV-to-FCF is -165.44 as of Jun. 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 National Australia Bank (HAM:NAL) Overvalued in 2026?
Based on GuruFocus' analysis, National Australia Bank stock appears to be undervalued.
The current stock price of €22.79 is trading 10.7% below its estimated GF Value™ of €25.52.
GuruFocus considers National Australia Bank to be Modestly Undervalued.
Key valuation signals for HAM:NAL:
EV-to-FCF: -165.44
GF Value™: €25.52 vs. price of €22.79 (10.7% below fair value)
No single metric tells the full story. See the HAM:NAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Australia Bank is the most business-focused of the four major banks, holding the largest share of business loans and the number-three spot in home loans. National Australia Bank is currently the second-largest bank by market capitalization, with the franchise covering consumer, small business, corporate, and institutional sectors. Under the UBank brand the bank also owns one of Australia's largest digital-only banks. Offshore operations in New Zealand round out the group.
67GF Score
Get the complete analysis for HAM:NAL
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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