UltralifeULBI -2.53%70 EV-to-FCF is 22.58 as of Jul. 07, 2026, which is 98% above its 10-year median of 11.39. GuruFocus rates ULBI with a GF Score™ of 70/100 and a GF Value™ of $9.22 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,727 Industrial Products companies, Ultralife ranks better than 54.6% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Ultralife's Enterprise Value is $138.5 Mil.
Ultralife's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $6.1 Mil. Therefore, Ultralife's EV-to-FCF for today is 22.58.
The historical rank and industry rank for Ultralife's EV-to-FCF or its related term are showing as below:
ULBI'
s EV-to-FCF Range Over the Past 10 Years
Min: -281.56 Med: 11.39 Max: 826.65
Current: 22.58
During the past 13 years, the highest EV-to-FCF of Ultralife was 826.65. The lowest was -281.56. And the median was 11.39.
ULBI's EV-to-FCF is ranked better than 54.6% of 1727
companies
in the Industrial Products industry
Industry Median: 26.33
vs ULBI: 22.58
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.
Ultralife's share price for today is $6.02.
Ultralife'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 $-0.500.
* 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.
Ultralife EV-to-FCF Related Terms
Ultralife EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Ultralife'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 Electrical Equipment & Parts subindustry, Ultralife'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.
Ultralife EV-to-FCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ultralife's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Ultralife's EV-to-FCF falls into.
Ultralife's current Enterprise Value is $138.5 Mil.
Ultralife'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 $6.1 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.
Ultralife (ULBI) has a EV-to-FCF of 22.58 as of Jul. 07, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Ultralife and its competitors. This is 98% above median its historical median of 11.39. According to the industry distribution chart, Ultralife ranks #784 out of 1727 companies in the Industrial Products industry, placing it in the top 45.4%.
Is Ultralife's EV-to-FCF too high?
Ultralife's current EV-to-FCF of 22.58 is 98% above median its 10-year median of 11.39. The Industrial Products industry median EV-to-FCF is 26.33. Ultralife's value of 22.58 is 14.2% below this industry median. Based on the distribution chart, Ultralife ranks #784 out of 1727 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Ultralife has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ultralife's EV-to-FCF compare to STI and NEOV?
According to the Industrial Products industry distribution chart, Ultralife ranks #784 out of 1727 companies for EV-to-FCF. This puts Ultralife in the upper half of its industry. The industry median EV-to-FCF is 26.33. Ultralife's value of 22.58 is 14.2% below this benchmark. While the company's 10-year median is 11.39 vs. the industry median of 26.33, Ultralife 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 Industrial Products company?
The median EV-to-FCF among Industrial Products companies is 26.33, based on 1,727 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. Ultralife's current EV-to-FCF of 22.58 is 14.2% 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 Ultralife and its competitors. For the Industrial Products industry, the median EV-to-FCF is 26.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultralife's current EV-to-FCF is 22.58, which is 98% above median its own 10-year median of 11.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultralife stock overvalued right now?
Based on GuruFocus' analysis, Ultralife (ULBI) is currently considered Possible Value Trap. The stock's GF Value™ is $9.22, compared to a current price of $6.02 — trading 34.7% below its estimated fair value. The current EV-to-FCF is 22.58, which is 98% above median its 10-year median of 11.39 and 14.2% below the Industrial Products industry median of 26.33. Ultralife's overall GF Score™ is 70/100 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 Ultralife (ULBI), the current EV-to-FCF is 22.58 as of Jul. 07, 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 Ultralife (ULBI) Overvalued in 2026?
Based on GuruFocus' analysis, Ultralife stock appears to be undervalued.
The current stock price of $6.02 is trading 34.7% below its estimated GF Value™ of $9.22.
GuruFocus considers Ultralife to be Possible Value Trap.
Key valuation signals for ULBI:
EV-to-FCF: 22.58 (98% above median its 10-year median of 11.39)
GF Value™: $9.22 vs. price of $6.02 (34.7% below fair value)
Industry Position: 14.2% below the Industrial Products median (#784 of 1727)
No single metric tells the full story. See the ULBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultralife Corp provides products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government and defense, medical, safety and security, energy, and industrial sectors. The company also designs, manufactures, installs, and maintains power and communications systems including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom-engineered systems. The company's segments include Battery and Energy Products, and Communications Systems. It generates maximum revenue from the Battery and Energy Products segment, and from the U.S. The Battery & Energy Products segment includes Lithium 9-volt, cylindrical, and various other non-rechargeable batteries.
70GF Score
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