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ThalesTHLEF -6.65%90 EV-to-FCF is 16.71 as of Jul. 16, 2026, which is 15% below its 10-year median of 19.68. GuruFocus rates THLEF with a GF Score™ of 90/100 and a GF Value™ of $223.08 (Fairly Valued). The stock has 2 warning signs investors should review. Among 182 Aerospace & Defense companies, Thales ranks better than 71.43% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Thales's Enterprise Value is $50,055 Mil.
Thales's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $2,995 Mil. Therefore, Thales's EV-to-FCF for today is 16.71.
The historical rank and industry rank for Thales's EV-to-FCF or its related term are showing as below:
THLEF'
s EV-to-FCF Range Over the Past 10 Years
Min: 7.56 Med: 19.68 Max: 45.89
Current: 16.71
During the past 13 years, the highest EV-to-FCF of Thales was 45.89. The lowest was 7.56. And the median was 19.68.
THLEF's EV-to-FCF is ranked better than 71.43% of 182
companies
in the Aerospace & Defense industry
Industry Median: 33.92
vs THLEF: 16.71
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 (2026-07-16), Thales's stock price is $245.50.
Thales's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $9.463. Therefore, Thales's PE Ratio (TTM) for today is 25.94.
Thales (OTCPK:THLEF) 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.
Thales's share price for today is $245.50.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Thales's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $9.463.
* 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.
Thales EV-to-FCF Related Terms
Thales EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Thales'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 Aerospace & Defense subindustry, Thales'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.
Thales EV-to-FCF vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Thales's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Thales's EV-to-FCF falls into.
Thales's current Enterprise Value is $50,055 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Thales's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $2,995 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.
Thales (THLEF) has a EV-to-FCF of 16.71 as of Jul. 16, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Thales and its competitors. This is 15% below median its historical median of 19.68. Over the past decade, Thales' EV-to-FCF has ranged from 7.56 to 45.89. According to the industry distribution chart, Thales ranks #52 out of 182 companies in the Aerospace & Defense industry, placing it in the top 28.6%.
Is Thales' EV-to-FCF too high?
Thales' current EV-to-FCF of 16.71 is 15% below median its 10-year median of 19.68. Over the past 10 years, this metric has ranged from a low of 7.56 to a high of 45.89. The Aerospace & Defense industry median EV-to-FCF is 33.92. Thales' value of 16.71 is 50.7% below this industry median. Based on the distribution chart, Thales ranks #52 out of 182 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Thales has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thales' EV-to-FCF compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Thales ranks #52 out of 182 companies for EV-to-FCF. This puts Thales in the upper half of its industry. The industry median EV-to-FCF is 33.92. Thales' value of 16.71 is 50.7% below this benchmark. Historically, Thales' own EV-to-FCF has ranged from 7.56 to 45.89 over the past decade. While the company's 10-year median is 19.68 vs. the industry median of 33.92, Thales 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 an Aerospace & Defense company?
The median EV-to-FCF among Aerospace & Defense companies is 33.92, based on 182 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. Thales's current EV-to-FCF of 16.71 is 50.7% 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 Thales and its competitors. For the Aerospace & Defense industry, the median EV-to-FCF is 33.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thales's current EV-to-FCF is 16.71, which is 15% below median its own 10-year median of 19.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thales stock overvalued right now?
Based on GuruFocus' analysis, Thales (THLEF) is currently considered Fairly Valued. The stock's GF Value™ is $223.08, compared to a current price of $245.50 — trading 10.1% above its estimated fair value. The current EV-to-FCF is 16.71, which is 15% below median its 10-year median of 19.68 and 50.7% below the Aerospace & Defense industry median of 33.92. Thales' overall GF Score™ is 90/100 with 2 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 Thales (THLEF), the current EV-to-FCF is 16.71 as of Jul. 16, 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 Thales (THLEF) Overvalued in 2026?
Based on GuruFocus' analysis, Thales stock appears to be overvalued.
The current stock price of $245.50 is trading 10.1% above its estimated GF Value™ of $223.08.
GuruFocus considers Thales to be Fairly Valued.
Key valuation signals for THLEF:
EV-to-FCF: 16.71 (15% below median its 10-year median of 19.68)
GF Value™: $223.08 vs. price of $245.50 (10.1% above fair value)
Industry Position: 50.7% below the Aerospace & Defense median (#52 of 182)
No single metric tells the full story. See the THLEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thales is a French aerospace and defense industrial and one of Europe's largest defense contractors. The company has three segments: defense and security provides sensors, mission systems, communications, and control systems to European and export defense customers; aerospace sells avionics and satellites to the civil, defense, and governmental markets; and digital identity and security provides biometric, data, and identity security solutions, payments services, and the manufacturing of SIM cards.
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