Turk Hava Yollari AOIST:THYAO +0.68%81 EV-to-FCF is 11.32 as of Jun. 27, 2026, which is 60% above its 10-year median of 7.08. GuruFocus rates IST:THYAO with a GF Score™ of 81/100 and a GF Value™ of ₺467.65 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 674 Transportation companies, Turk Hava Yollari AO ranks better than 60.39% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Turk Hava Yollari AO's Enterprise Value is ₺1,000,748 Mil.
Turk Hava Yollari AO's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₺88,420 Mil. Therefore, Turk Hava Yollari AO's EV-to-FCF for today is 11.32.
The historical rank and industry rank for Turk Hava Yollari AO's EV-to-FCF or its related term are showing as below:
IST:THYAO'
s EV-to-FCF Range Over the Past 10 Years
Min: -108.5 Med: 7.08 Max: 176.88
Current: 11.32
During the past 13 years, the highest EV-to-FCF of Turk Hava Yollari AO was 176.88. The lowest was -108.50. And the median was 7.08.
IST:THYAO's EV-to-FCF is ranked better than 60.39% of 674
companies
in the Transportation industry
Industry Median: 14.135
vs IST:THYAO: 11.32
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.
Turk Hava Yollari AO (IST:THYAO) 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.
Turk Hava Yollari AO's PE Ratio (TTM) for today is calculated as:
Turk Hava Yollari AO's share price for today is ₺330.75.
Turk Hava Yollari AO'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 ₺6.245.
* 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.
Turk Hava Yollari AO EV-to-FCF Related Terms
Turk Hava Yollari AO EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Turk Hava Yollari AO'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 Airlines subindustry, Turk Hava Yollari AO'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.
Turk Hava Yollari AO EV-to-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Turk Hava Yollari AO's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Turk Hava Yollari AO's EV-to-FCF falls into.
Turk Hava Yollari AO's current Enterprise Value is ₺1,000,748 Mil.
Turk Hava Yollari AO'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 ₺88,420 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.
Turk Hava Yollari AO (IST:THYAO) has a EV-to-FCF of 11.32 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Turk Hava Yollari AO and its competitors. This is 60% above median its historical median of 7.08. According to the industry distribution chart, Turk Hava Yollari AO ranks #267 out of 674 companies in the Transportation industry, placing it in the top 39.6%.
Is Turk Hava Yollari AO's EV-to-FCF too high?
Turk Hava Yollari AO's current EV-to-FCF of 11.32 is 60% above median its 10-year median of 7.08. The Transportation industry median EV-to-FCF is 14.14. Turk Hava Yollari AO's value of 11.32 is 19.9% below this industry median. Based on the distribution chart, Turk Hava Yollari AO ranks #267 out of 674 companies in the Transportation industry, which is above the industry midpoint. Overall, Turk Hava Yollari AO has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's EV-to-FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Turk Hava Yollari AO ranks #267 out of 674 companies for EV-to-FCF. This puts Turk Hava Yollari AO in the upper half of its industry. The industry median EV-to-FCF is 14.14. Turk Hava Yollari AO's value of 11.32 is 19.9% below this benchmark. While the company's 10-year median is 7.08 vs. the industry median of 14.14, Turk Hava Yollari AO has consistently been below 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 Transportation company?
The median EV-to-FCF among Transportation companies is 14.14, based on 674 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. Turk Hava Yollari AO's current EV-to-FCF of 11.32 is 19.9% below 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 Turk Hava Yollari AO and its competitors. For the Transportation industry, the median EV-to-FCF is 14.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turk Hava Yollari AO's current EV-to-FCF is 11.32, which is 60% above median its own 10-year median of 7.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Hava Yollari AO stock overvalued right now?
Based on GuruFocus' analysis, Turk Hava Yollari AO (IST:THYAO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺467.65, compared to a current price of ₺330.75 — trading 29.3% below its estimated fair value. The current EV-to-FCF is 11.32, which is 60% above median its 10-year median of 7.08 and 19.9% below the Transportation industry median of 14.14. Turk Hava Yollari AO's overall GF Score™ is 81/100 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 Turk Hava Yollari AO (IST:THYAO), the current EV-to-FCF is 11.32 as of Jun. 27, 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 Turk Hava Yollari AO (IST:THYAO) Overvalued in 2026?
Based on GuruFocus' analysis, Turk Hava Yollari AO stock appears to be undervalued.
The current stock price of ₺330.75 is trading 29.3% below its estimated GF Value™ of ₺467.65.
GuruFocus considers Turk Hava Yollari AO to be Modestly Undervalued.
Key valuation signals for IST:THYAO:
EV-to-FCF: 11.32 (60% above median its 10-year median of 7.08)
GF Value™: ₺467.65 vs. price of ₺330.75 (29.3% below fair value)
Industry Position: 19.9% below the Transportation median (#267 of 674)
No single metric tells the full story. See the IST:THYAO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.
81GF Score
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