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Elkem ASAOSL:ELK +7.92%61 EV-to-FCF is 22.26 as of Jul. 14, 2026, which is 333% above its 10-year median of 5.14. GuruFocus rates OSL:ELK with a GF Score™ of 61/100 and a GF Value™ of kr18.34 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 923 Chemicals companies, Elkem ASA ranks worse than 108342.25% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Elkem ASA's Enterprise Value is kr18,565 Mil.
Elkem ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was kr834 Mil. Therefore, Elkem ASA's EV-to-FCF for today is 22.26.
The historical rank and industry rank for Elkem ASA's EV-to-FCF or its related term are showing as below:
OSL:ELK'
s EV-to-FCF Range Over the Past 10 Years
Min: -328.95 Med: 5.14 Max: 1498.09
Current: 22.26
During the past 12 years, the highest EV-to-FCF of Elkem ASA was 1498.09. The lowest was -328.95. And the median was 5.14.
OSL:ELK's EV-to-FCF is not ranked
in the Chemicals industry.
Industry Median: 21.86
vs OSL:ELK: 22.26
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.
Elkem ASA's share price for today is kr32.70.
Elkem ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-1.939.
* 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.
Elkem ASA EV-to-FCF Related Terms
Elkem ASA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Elkem 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 Specialty Chemicals subindustry, Elkem 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.
Elkem ASA EV-to-FCF vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Elkem ASA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Elkem ASA's EV-to-FCF falls into.
Elkem ASA's current Enterprise Value is kr18,565 Mil.
Elkem ASA's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr834 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.
Elkem ASA (OSL:ELK) has a EV-to-FCF of 22.26 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Elkem ASA and its competitors. This is 333% above median its historical median of 5.14. According to the industry distribution chart, Elkem ASA ranks #999999 out of 923 companies in the Chemicals industry.
Is Elkem ASA's EV-to-FCF too high?
Elkem ASA's current EV-to-FCF of 22.26 is 333% above median its 10-year median of 5.14. The Chemicals industry median EV-to-FCF is 21.86. Elkem ASA's value of 22.26 is 1.8% above this industry median. Based on the distribution chart, Elkem ASA ranks #999999 out of 923 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Elkem ASA has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elkem ASA's EV-to-FCF compare to LIN and SHW?
According to the Chemicals industry distribution chart, Elkem ASA ranks #999999 out of 923 companies for EV-to-FCF. This places Elkem ASA in the lower half of its industry. The industry median EV-to-FCF is 21.86. Elkem ASA's value of 22.26 is 1.8% above this benchmark. While the company's 10-year median is 5.14 vs. the industry median of 21.86, Elkem 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 a Chemicals company?
The median EV-to-FCF among Chemicals companies is 21.86, based on 923 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. Elkem ASA's current EV-to-FCF of 22.26 is 1.8% 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 Elkem ASA and its competitors. For the Chemicals industry, the median EV-to-FCF is 21.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elkem ASA's current EV-to-FCF is 22.26, which is 333% above median its own 10-year median of 5.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elkem ASA stock overvalued right now?
Based on GuruFocus' analysis, Elkem ASA (OSL:ELK) is currently considered Significantly Overvalued. The stock's GF Value™ is kr18.34, compared to a current price of kr32.70 — trading 78.3% above its estimated fair value. The current EV-to-FCF is 22.26, which is 333% above median its 10-year median of 5.14 and 1.8% above the Chemicals industry median of 21.86. Elkem ASA's overall GF Score™ is 61/100 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 Elkem ASA (OSL:ELK), the current EV-to-FCF is 22.26 as of Jul. 14, 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 Elkem ASA (OSL:ELK) Overvalued in 2026?
Based on GuruFocus' analysis, Elkem ASA stock appears to be overvalued.
The current stock price of kr32.70 is trading 78.3% above its estimated GF Value™ of kr18.34.
GuruFocus considers Elkem ASA to be Significantly Overvalued.
Key valuation signals for OSL:ELK:
EV-to-FCF: 22.26 (333% above median its 10-year median of 5.14)
GF Value™: kr18.34 vs. price of kr32.70 (78.3% above fair value)
Industry Position: 1.8% above the Chemicals median (#999999 of 923)
No single metric tells the full story. See the OSL:ELK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elkem ASA offers material solutions that shape a more sustainable future. The company develops silicones, silicon products, and carbon solutions by combining natural raw materials, renewable energy, and human ingenuity. The group helps its customers create and improve essential innovations in electric mobility, digital communications, health, and personal care, as well as in smarter, more sustainable cities. It has three reportable segments, namely Silicones, Silicon Products, and Carbon Solutions. It generates the majority of the revenue from the Silicones segment.
61GF Score
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