Equinor ASALTS:0M2Z +0.36%72 EV-to-FCF is 45.92 as of Jun. 30, 2026, which is 322% above its 10-year median of 10.87. GuruFocus rates LTS:0M2Z with a GF Score™ of 72/100 and a GF Value™ of kr296.79 (Fairly Valued). The stock has 4 warning signs investors should review. Among 581 Oil & Gas companies, Equinor ASA ranks worse than 85.03% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Equinor ASA's Enterprise Value is kr892,814 Mil.
Equinor ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was kr19,442 Mil. Therefore, Equinor ASA's EV-to-FCF for today is 45.92.
The historical rank and industry rank for Equinor ASA's EV-to-FCF or its related term are showing as below:
LTS:0M2Z'
s EV-to-FCF Range Over the Past 10 Years
Min: -32.83 Med: 10.87 Max: 126.58
Current: 45.59
During the past 13 years, the highest EV-to-FCF of Equinor ASA was 126.58. The lowest was -32.83. And the median was 10.87.
LTS:0M2Z's EV-to-FCF is ranked worse than 85.03% of 581
companies
in the Oil & Gas industry
Industry Median: 15.43
vs LTS:0M2Z: 45.59
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.
Equinor ASA's PE Ratio (TTM) for today is calculated as:
Equinor ASA's share price for today is kr309.35.
Equinor ASA'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 kr21.464.
* 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.
Equinor ASA EV-to-FCF Related Terms
Equinor ASA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Equinor ASA'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 Oil & Gas Integrated subindustry, Equinor ASA'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.
Equinor ASA EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Equinor ASA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Equinor ASA's EV-to-FCF falls into.
Equinor ASA's current Enterprise Value is kr892,814 Mil.
Equinor ASA'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 kr19,442 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.
Equinor ASA (LTS:0M2Z) has a EV-to-FCF of 45.92 as of Jun. 30, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Equinor ASA and its competitors. This is 322% above median its historical median of 10.87. According to the industry distribution chart, Equinor ASA ranks #494 out of 581 companies in the Oil & Gas industry, placing it in the top 85%.
Is Equinor ASA's EV-to-FCF too high?
Equinor ASA's current EV-to-FCF of 45.92 is 322% above median its 10-year median of 10.87. The Oil & Gas industry median EV-to-FCF is 15.43. Equinor ASA's value of 45.92 is 197.6% above this industry median. Based on the distribution chart, Equinor ASA ranks #494 out of 581 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Equinor ASA has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Equinor ASA's EV-to-FCF compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Equinor ASA ranks #494 out of 581 companies for EV-to-FCF. This places Equinor ASA in the lower half of its industry. The industry median EV-to-FCF is 15.43. Equinor ASA's value of 45.92 is 197.6% above this benchmark. While the company's 10-year median is 10.87 vs. the industry median of 15.43, Equinor ASA 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 an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.43, based on 581 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. Equinor ASA's current EV-to-FCF of 45.92 is 197.6% 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 Equinor ASA and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinor ASA's current EV-to-FCF is 45.92, which is 322% above median its own 10-year median of 10.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinor ASA stock overvalued right now?
Based on GuruFocus' analysis, Equinor ASA (LTS:0M2Z) is currently considered Fairly Valued. The stock's GF Value™ is kr296.79, compared to a current price of kr309.35 — trading 4.2% above its estimated fair value. The current EV-to-FCF is 45.92, which is 322% above median its 10-year median of 10.87 and 197.6% above the Oil & Gas industry median of 15.43. Equinor ASA's overall GF Score™ is 72/100 with 4 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 Equinor ASA (LTS:0M2Z), the current EV-to-FCF is 45.92 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 Equinor ASA (LTS:0M2Z) Overvalued in 2026?
Based on GuruFocus' analysis, Equinor ASA stock appears to be overvalued.
The current stock price of kr309.35 is trading 4.2% above its estimated GF Value™ of kr296.79.
GuruFocus considers Equinor ASA to be Fairly Valued.
Key valuation signals for LTS:0M2Z:
EV-to-FCF: 45.92 (322% above median its 10-year median of 10.87)
GF Value™: kr296.79 vs. price of kr309.35 (4.2% above fair value)
Industry Position: 197.6% above the Oil & Gas median (#494 of 581)
No single metric tells the full story. See the LTS:0M2Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2025 (50% liquids) and ended 2025 with 5.2 billion barrels of proven reserves (45% liquids). Operations also include oil refineries and natural gas processing, marketing, and trading. The renewables portfolio includes offshore and onshore wind and solar, with total power generation of 5.65 TWh in 2025.
72GF Score
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