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NateraNTRA -1.11%80 EV-to-FCF is 517.29 as of Jul. 22, 2026. GuruFocus rates NTRA with a GF Score™ of 80/100 and a GF Value™ of $204.13 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 99 Medical Diagnostics & Research companies, Natera ranks worse than 98.99% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Natera's Enterprise Value is $36,991 Mil.
Natera's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $72 Mil. Therefore, Natera's EV-to-FCF for today is 517.29.
The historical rank and industry rank for Natera's EV-to-FCF or its related term are showing as below:
NTRA'
s EV-to-FCF Range Over the Past 10 Years
Min: -476.18 Med: -12.55 Max: 540.85
Current: 517.29
During the past 13 years, the highest EV-to-FCF of Natera was 540.85. The lowest was -476.18. And the median was -12.55.
NTRA's EV-to-FCF is ranked worse than 98.99% of 99
companies
in the Medical Diagnostics & Research industry
Industry Median: 26.2
vs NTRA: 517.29
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.
As of today (2026-07-22), Natera's stock price is $264.21.
Natera's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.620. Therefore, Natera's PE Ratio (TTM) for today is At Loss.
Natera (NAS:NTRA) 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.
Natera's share price for today is $264.21.
Natera'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 $-1.620.
* 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.
Natera EV-to-FCF Related Terms
Natera EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Natera'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 Diagnostics & Research subindustry, Natera'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.
Natera EV-to-FCF vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Natera's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Natera's EV-to-FCF falls into.
Natera's current Enterprise Value is $36,991 Mil.
Natera'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 $72 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.
Natera (NTRA) has a EV-to-FCF of 517.29 as of Jul. 22, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Natera and its competitors. According to the industry distribution chart, Natera ranks #98 out of 99 companies in the Medical Diagnostics & Research industry, placing it in the top 99%.
Is Natera's EV-to-FCF too high?
Natera's current EV-to-FCF is 517.29. The Medical Diagnostics & Research industry median EV-to-FCF is 26.20. Natera's value of 517.29 is 1874.4% above this industry median. Based on the distribution chart, Natera ranks #98 out of 99 companies in the Medical Diagnostics & Research industry, which is in the bottom quartile relative to peers. Overall, Natera has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natera's EV-to-FCF compare to WAT and A?
According to the Medical Diagnostics & Research industry distribution chart, Natera ranks #98 out of 99 companies for EV-to-FCF. This places Natera in the lower half of its industry. The industry median EV-to-FCF is 26.20. Natera's value of 517.29 is 1874.4% above this benchmark. 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 Medical Diagnostics & Research company?
The median EV-to-FCF among Medical Diagnostics & Research companies is 26.20, based on 99 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. Natera's current EV-to-FCF of 517.29 is 1874.4% 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 Natera and its competitors. For the Medical Diagnostics & Research industry, the median EV-to-FCF is 26.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natera's current EV-to-FCF is 517.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natera stock overvalued right now?
Based on GuruFocus' analysis, Natera (NTRA) is currently considered Modestly Overvalued. The stock's GF Value™ is $204.13, compared to a current price of $264.21 — trading 29.4% above its estimated fair value. The current EV-to-FCF is 517.29 and 1874.4% above the Medical Diagnostics & Research industry median of 26.20. Natera's overall GF Score™ is 80/100 with 5 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 Natera (NTRA), the current EV-to-FCF is 517.29 as of Jul. 22, 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 Natera (NTRA) Overvalued in 2026?
Based on GuruFocus' analysis, Natera stock appears to be overvalued.
The current stock price of $264.21 is trading 29.4% above its estimated GF Value™ of $204.13.
GuruFocus considers Natera to be Modestly Overvalued.
Key valuation signals for NTRA:
EV-to-FCF: 517.29
GF Value™: $204.13 vs. price of $264.21 (29.4% above fair value)
Industry Position: 1874.4% above the Medical Diagnostics & Research median (#98 of 99)
No single metric tells the full story. See the NTRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natera Inc is a diagnostic and research company with proprietary molecular and bioinformatics technology. The company's key product offerings include its Panorama Non-Invasive Prenatal Test (NIPT) which screens for chromosomal abnormalities of a fetus as well as in twin pregnancies, typically with a blood draw from the mother, Horizon Carrier Screening (HCS) to determine carrier status for a large number of severe genetic diseases that could be passed on to the carrier's children, Signatera molecular residual disease (MRD) test, which detects circulating tumor DNA in patients previously diagnosed with cancer to assess molecular residual disease and monitor for recurrence; and Prospera, to assess organ transplant rejection.
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