CamecoTSX:CCO -1.61%86 EV-to-FCF is 68.19 as of Jul. 02, 2026, which is 151% above its 10-year median of 27.16. GuruFocus rates TSX:CCO with a GF Score™ of 86/100 and a GF Value™ of C$94.82 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 67 Other Energy Sources companies, Cameco ranks worse than 92.54% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Cameco's Enterprise Value is C$62,847 Mil.
Cameco's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$922 Mil. Therefore, Cameco's EV-to-FCF for today is 68.19.
The historical rank and industry rank for Cameco's EV-to-FCF or its related term are showing as below:
TSX:CCO'
s EV-to-FCF Range Over the Past 10 Years
Min: -430.29 Med: 27.16 Max: 1559.49
Current: 68.19
During the past 13 years, the highest EV-to-FCF of Cameco was 1559.49. The lowest was -430.29. And the median was 27.16.
TSX:CCO's EV-to-FCF is ranked worse than 92.54% of 67
companies
in the Other Energy Sources industry
Industry Median: 11.09
vs TSX:CCO: 68.19
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 (2026-07-02), Cameco's stock price is C$144.56.
Cameco's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was C$1.490. Therefore, Cameco's PE Ratio (TTM) for today is 97.02.
Cameco (TSX:CCO) 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.
Cameco's share price for today is C$144.56.
Cameco'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 C$1.490.
* 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.
Cameco EV-to-FCF Related Terms
Cameco EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Cameco'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 Uranium subindustry, Cameco'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.
Cameco EV-to-FCF vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Cameco's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Cameco's EV-to-FCF falls into.
Cameco's current Enterprise Value is C$62,847 Mil.
Cameco'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 C$922 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.
Cameco (TSX:CCO) has a EV-to-FCF of 68.19 as of Jul. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cameco and its competitors. This is 151% above median its historical median of 27.16. According to the industry distribution chart, Cameco ranks #62 out of 67 companies in the Other Energy Sources industry, placing it in the top 92.5%.
Is Cameco's EV-to-FCF too high?
Cameco's current EV-to-FCF of 68.19 is 151% above median its 10-year median of 27.16. The Other Energy Sources industry median EV-to-FCF is 11.09. Cameco's value of 68.19 is 514.9% above this industry median. Based on the distribution chart, Cameco ranks #62 out of 67 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Cameco has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cameco's EV-to-FCF compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Cameco ranks #62 out of 67 companies for EV-to-FCF. This places Cameco in the lower half of its industry. The industry median EV-to-FCF is 11.09. Cameco's value of 68.19 is 514.9% above this benchmark. While the company's 10-year median is 27.16 vs. the industry median of 11.09, Cameco 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 Other Energy Sources company?
The median EV-to-FCF among Other Energy Sources companies is 11.09, based on 67 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. Cameco's current EV-to-FCF of 68.19 is 514.9% 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 Cameco and its competitors. For the Other Energy Sources industry, the median EV-to-FCF is 11.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cameco's current EV-to-FCF is 68.19, which is 151% above median its own 10-year median of 27.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cameco stock overvalued right now?
Based on GuruFocus' analysis, Cameco (TSX:CCO) is currently considered Significantly Overvalued. The stock's GF Value™ is C$94.82, compared to a current price of C$144.56 — trading 52.5% above its estimated fair value. The current EV-to-FCF is 68.19, which is 151% above median its 10-year median of 27.16 and 514.9% above the Other Energy Sources industry median of 11.09. Cameco's overall GF Score™ is 86/100 with 3 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 Cameco (TSX:CCO), the current EV-to-FCF is 68.19 as of Jul. 02, 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 Cameco (TSX:CCO) Overvalued in 2026?
Based on GuruFocus' analysis, Cameco stock appears to be overvalued.
The current stock price of C$144.56 is trading 52.5% above its estimated GF Value™ of C$94.82.
GuruFocus considers Cameco to be Significantly Overvalued.
Key valuation signals for TSX:CCO:
EV-to-FCF: 68.19 (151% above median its 10-year median of 27.16)
GF Value™: C$94.82 vs. price of C$144.56 (52.5% above fair value)
Industry Position: 514.9% above the Other Energy Sources median (#62 of 67)
No single metric tells the full story. See the TSX:CCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe and is one of those uranium producers. It has three reportable segments: Uranium, Fuel Services, and Westinghouse, deriving maximum revenue from the Westinghouse segment. The Uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. Westinghouse Electric Company provides products and services to nuclear reactors, including outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts.
86GF Score
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