HarmonicHLIT -10.89%74 EV-to-FCF is 34.08 as of Jul. 03, 2026, which is 131% above its 10-year median of 14.76. GuruFocus rates HLIT with a GF Score™ of 74/100 and a GF Value™ of $10.13 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,327 Hardware companies, Harmonic ranks worse than 60.44% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Harmonic's Enterprise Value is $1,548.6 Mil.
Harmonic's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $45.4 Mil. Therefore, Harmonic's EV-to-FCF for today is 34.08.
The historical rank and industry rank for Harmonic's EV-to-FCF or its related term are showing as below:
HLIT'
s EV-to-FCF Range Over the Past 10 Years
Min: -1170.17 Med: 14.76 Max: 12816.41
Current: 34.08
During the past 13 years, the highest EV-to-FCF of Harmonic was 12816.41. The lowest was -1170.17. And the median was 14.76.
HLIT's EV-to-FCF is ranked worse than 60.44% of 1327
companies
in the Hardware industry
Industry Median: 23.98
vs HLIT: 34.08
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.
Harmonic's share price for today is $14.06.
Harmonic'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 $-0.370.
* 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.
Harmonic EV-to-FCF Related Terms
Harmonic EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Harmonic'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 Communication Equipment subindustry, Harmonic'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.
Harmonic EV-to-FCF vs Hardware Industry
For the Hardware industry and Technology sector, Harmonic's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Harmonic's EV-to-FCF falls into.
Harmonic's current Enterprise Value is $1,548.6 Mil.
Harmonic'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 $45.4 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.
Harmonic (HLIT) has a EV-to-FCF of 34.08 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Harmonic and its competitors. This is 131% above median its historical median of 14.76. According to the industry distribution chart, Harmonic ranks #802 out of 1327 companies in the Hardware industry, placing it in the top 60.4%.
Is Harmonic's EV-to-FCF too high?
Harmonic's current EV-to-FCF of 34.08 is 131% above median its 10-year median of 14.76. The Hardware industry median EV-to-FCF is 23.98. Harmonic's value of 34.08 is 42.1% above this industry median. Based on the distribution chart, Harmonic ranks #802 out of 1327 companies in the Hardware industry, which is below the industry midpoint. Overall, Harmonic has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harmonic's EV-to-FCF compare to ADTN and GILT?
According to the Hardware industry distribution chart, Harmonic ranks #802 out of 1327 companies for EV-to-FCF. This places Harmonic in the lower half of its industry. The industry median EV-to-FCF is 23.98. Harmonic's value of 34.08 is 42.1% above this benchmark. While the company's 10-year median is 14.76 vs. the industry median of 23.98, Harmonic 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 Hardware company?
The median EV-to-FCF among Hardware companies is 23.98, based on 1,327 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. Harmonic's current EV-to-FCF of 34.08 is 42.1% 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 Harmonic and its competitors. For the Hardware industry, the median EV-to-FCF is 23.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harmonic's current EV-to-FCF is 34.08, which is 131% above median its own 10-year median of 14.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmonic stock overvalued right now?
Based on GuruFocus' analysis, Harmonic (HLIT) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.13, compared to a current price of $14.06 — trading 38.8% above its estimated fair value. The current EV-to-FCF is 34.08, which is 131% above median its 10-year median of 14.76 and 42.1% above the Hardware industry median of 23.98. Harmonic's overall GF Score™ is 74/100 with 8 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 Harmonic (HLIT), the current EV-to-FCF is 34.08 as of Jul. 03, 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 Harmonic (HLIT) Overvalued in 2026?
Based on GuruFocus' analysis, Harmonic stock appears to be overvalued.
The current stock price of $14.06 is trading 38.8% above its estimated GF Value™ of $10.13.
GuruFocus considers Harmonic to be Significantly Overvalued.
Key valuation signals for HLIT:
EV-to-FCF: 34.08 (131% above median its 10-year median of 14.76)
GF Value™: $10.13 vs. price of $14.06 (38.8% above fair value)
Industry Position: 42.1% above the Hardware median (#802 of 1327)
No single metric tells the full story. See the HLIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmonic Inc engaged in broadband access solutions that enable broadband operators to more efficiently and effectively deploy high-speed internet for data, voice, and video services for their customers and versatile and high-performance video delivery software, products, system solutions and services that enable its customers to efficiently create, prepare, store, playout and deliver a full range of high-quality broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smartphones. It has two segments, Broadband which provides broadband access solutions and related services, and Others; and Video business provides video processing and production and playout solutions and services, and Others.
74GF Score
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