Air France-KLMMIL:1AF +1.37%61 EV-to-FCF is 21.41 as of Jun. 24, 2026, which is 271% above its 10-year median of 5.77. GuruFocus rates MIL:1AF with a GF Score™ of 61/100 and a GF Value™ of €10.99 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 672 Transportation companies, Air France-KLM ranks worse than 65.33% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Air France-KLM's Enterprise Value is €12,758 Mil.
Air France-KLM's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €596 Mil. Therefore, Air France-KLM's EV-to-FCF for today is 21.41.
The historical rank and industry rank for Air France-KLM's EV-to-FCF or its related term are showing as below:
MIL:1AF'
s EV-to-FCF Range Over the Past 10 Years
Min: -97.49 Med: 5.77 Max: 220.78
Current: 21.41
During the past 13 years, the highest EV-to-FCF of Air France-KLM was 220.78. The lowest was -97.49. And the median was 5.77.
MIL:1AF's EV-to-FCF is ranked worse than 65.33% of 672
companies
in the Transportation industry
Industry Median: 14.085
vs MIL:1AF: 21.41
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.
Air France-KLM's PE Ratio (TTM) for today is calculated as:
Air France-KLM's share price for today is €12.605.
Air France-KLM'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 €5.660.
* 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.
Air France-KLM EV-to-FCF Related Terms
Air France-KLM EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Air France-KLM'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, Air France-KLM'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.
Air France-KLM EV-to-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Air France-KLM's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Air France-KLM's EV-to-FCF falls into.
Air France-KLM's current Enterprise Value is €12,758 Mil.
Air France-KLM'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 €596 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.
Air France-KLM (MIL:1AF) has a EV-to-FCF of 21.41 as of Jun. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Air France-KLM and its competitors. This is 271% above median its historical median of 5.77. According to the industry distribution chart, Air France-KLM ranks #439 out of 672 companies in the Transportation industry, placing it in the top 65.3%.
Is Air France-KLM's EV-to-FCF too high?
Air France-KLM's current EV-to-FCF of 21.41 is 271% above median its 10-year median of 5.77. The Transportation industry median EV-to-FCF is 14.09. Air France-KLM's value of 21.41 is 52% above this industry median. Based on the distribution chart, Air France-KLM ranks #439 out of 672 companies in the Transportation industry, which is below the industry midpoint. Overall, Air France-KLM has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's EV-to-FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Air France-KLM ranks #439 out of 672 companies for EV-to-FCF. This places Air France-KLM in the lower half of its industry. The industry median EV-to-FCF is 14.09. Air France-KLM's value of 21.41 is 52% above this benchmark. While the company's 10-year median is 5.77 vs. the industry median of 14.09, Air France-KLM 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 Transportation company?
The median EV-to-FCF among Transportation companies is 14.09, based on 672 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. Air France-KLM's current EV-to-FCF of 21.41 is 52% 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 Air France-KLM and its competitors. For the Transportation industry, the median EV-to-FCF is 14.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air France-KLM's current EV-to-FCF is 21.41, which is 271% above median its own 10-year median of 5.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (MIL:1AF) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.99, compared to a current price of €12.61 — trading 14.7% above its estimated fair value. The current EV-to-FCF is 21.41, which is 271% above median its 10-year median of 5.77 and 52% above the Transportation industry median of 14.09. Air France-KLM's overall GF Score™ is 61/100 with 6 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 Air France-KLM (MIL:1AF), the current EV-to-FCF is 21.41 as of Jun. 24, 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 Air France-KLM (MIL:1AF) Overvalued in 2026?
Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued.
The current stock price of €12.61 is trading 14.7% above its estimated GF Value™ of €10.99.
GuruFocus considers Air France-KLM to be Modestly Overvalued.
Key valuation signals for MIL:1AF:
EV-to-FCF: 21.41 (271% above median its 10-year median of 5.77)
GF Value™: €10.99 vs. price of €12.61 (14.7% above fair value)
Industry Position: 52% above the Transportation median (#439 of 672)
No single metric tells the full story. See the MIL:1AF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
61GF Score
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