Western DigitalTSX:WDC -15.69%48 EV-to-FCF is 2.26 as of Jul. 03, 2026, which is 85% below its 10-year median of 14.59. GuruFocus rates TSX:WDC with a GF Score™ of 48/100 and a GF Value™ of C$5.31 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,327 Hardware companies, Western Digital ranks worse than 74.91% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Western Digital's Enterprise Value is C$9,007 Mil.
Western Digital's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$3,994 Mil. Therefore, Western Digital's EV-to-FCF for today is 2.26.
The historical rank and industry rank for Western Digital's EV-to-FCF or its related term are showing as below:
TSX:WDC'
s EV-to-FCF Range Over the Past 10 Years
Min: -275.35 Med: 14.59 Max: 596.12
Current: 63.38
During the past 13 years, the highest EV-to-FCF of Western Digital was 596.12. The lowest was -275.35. And the median was 14.59.
TSX:WDC's EV-to-FCF is ranked worse than 74.91% of 1327
companies
in the Hardware industry
Industry Median: 23.98
vs TSX:WDC: 63.38
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.
Western Digital's PE Ratio (TTM) for today is calculated as:
Western Digital's share price for today is C$32.94.
Western Digital'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$23.053.
* 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.
Western Digital EV-to-FCF Related Terms
Western Digital EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Western Digital'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 Computer Hardware subindustry, Western Digital'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.
Western Digital EV-to-FCF vs Hardware Industry
For the Hardware industry and Technology sector, Western Digital's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Western Digital's EV-to-FCF falls into.
Western Digital's current Enterprise Value is C$9,007 Mil.
Western Digital'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$3,994 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.
Western Digital (TSX:WDC) has a EV-to-FCF of 2.26 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Western Digital and its competitors. This is 85% below median its historical median of 14.59. According to the industry distribution chart, Western Digital ranks #994 out of 1327 companies in the Hardware industry, placing it in the top 74.9%.
Is Western Digital's EV-to-FCF too high?
Western Digital's current EV-to-FCF of 2.26 is 85% below median its 10-year median of 14.59. The Hardware industry median EV-to-FCF is 23.98. Western Digital's value of 2.26 is 90.6% below this industry median. Based on the distribution chart, Western Digital ranks #994 out of 1327 companies in the Hardware industry, which is below the industry midpoint. Overall, Western Digital has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Digital's EV-to-FCF compare to STX and ANET?
According to the Hardware industry distribution chart, Western Digital ranks #994 out of 1327 companies for EV-to-FCF. This places Western Digital in the lower half of its industry. The industry median EV-to-FCF is 23.98. Western Digital's value of 2.26 is 90.6% below this benchmark. While the company's 10-year median is 14.59 vs. the industry median of 23.98, Western Digital 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 a Hardware company?
The median EV-to-FCF among Hardware companies is 23.98, based on 1,327 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. Western Digital's current EV-to-FCF of 2.26 is 90.6% 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 Western Digital and its competitors. For the Hardware industry, the median EV-to-FCF is 23.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Digital's current EV-to-FCF is 2.26, which is 85% below median its own 10-year median of 14.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Digital stock overvalued right now?
Based on GuruFocus' analysis, Western Digital (TSX:WDC) is currently considered Significantly Overvalued. The stock's GF Value™ is C$5.31, compared to a current price of C$32.94 — trading 520.3% above its estimated fair value. The current EV-to-FCF is 2.26, which is 85% below median its 10-year median of 14.59 and 90.6% below the Hardware industry median of 23.98. Western Digital's overall GF Score™ is 48/100 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 Western Digital (TSX:WDC), the current EV-to-FCF is 2.26 as of Jul. 03, 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 Western Digital (TSX:WDC) Overvalued in 2026?
Based on GuruFocus' analysis, Western Digital stock appears to be overvalued.
The current stock price of C$32.94 is trading 520.3% above its estimated GF Value™ of C$5.31.
GuruFocus considers Western Digital to be Significantly Overvalued.
Key valuation signals for TSX:WDC:
EV-to-FCF: 2.26 (85% below median its 10-year median of 14.59)
GF Value™: C$5.31 vs. price of C$32.94 (520.3% above fair value)
Industry Position: 90.6% below the Hardware median (#994 of 1327)
No single metric tells the full story. See the TSX:WDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Digital is a leading vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly, with Western Digital and Seagate being the two largest players. Western Digital designs and manufactures its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.
48GF Score
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