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Air CanadaXBUL:ADH2 84 EV-to-FCF is 9.67 as of Jul. 23, 2026, which is 80% above its 10-year median of 5.37. GuruFocus rates XBUL:ADH2 with a GF Score™ of 84/100 and a GF Value™ of лв11.77. The stock has 4 warning signs investors should review. Among 673 Transportation companies, Air Canada ranks better than 65.23% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Air Canada's Enterprise Value is лв14,996 Mil.
Air Canada's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was лв1,550 Mil. Therefore, Air Canada's EV-to-FCF for today is 9.67.
The historical rank and industry rank for Air Canada's EV-to-FCF or its related term are showing as below:
XBUL:ADH2'
s EV-to-FCF Range Over the Past 10 Years
Min: -31.3 Med: 5.37 Max: 42.54
Current: 9.81
During the past 13 years, the highest EV-to-FCF of Air Canada was 42.54. The lowest was -31.30. And the median was 5.37.
XBUL:ADH2's EV-to-FCF is ranked better than 65.23% of 673
companies
in the Transportation industry
Industry Median: 14.28
vs XBUL:ADH2: 9.81
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.
Air Canada's share price for today is лв10.99.
Air Canada'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 лв3.129.
* 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.
Air Canada EV-to-FCF Related Terms
Air Canada EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Air Canada'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 Airlines subindustry, Air Canada'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.
Air Canada EV-to-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Air Canada's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Air Canada's EV-to-FCF falls into.
Air Canada's current Enterprise Value is лв14,996 Mil.
Air Canada'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 лв1,550 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.
Air Canada (XBUL:ADH2) has a EV-to-FCF of 9.67 as of Jul. 23, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Air Canada and its competitors. This is 80% above median its historical median of 5.37. According to the industry distribution chart, Air Canada ranks #234 out of 673 companies in the Transportation industry, placing it in the top 34.8%.
Is Air Canada's EV-to-FCF too high?
Air Canada's current EV-to-FCF of 9.67 is 80% above median its 10-year median of 5.37. The Transportation industry median EV-to-FCF is 14.28. Air Canada's value of 9.67 is 32.3% below this industry median. Based on the distribution chart, Air Canada ranks #234 out of 673 companies in the Transportation industry, which is above the industry midpoint. Overall, Air Canada has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Air Canada's EV-to-FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Air Canada ranks #234 out of 673 companies for EV-to-FCF. This puts Air Canada in the upper half of its industry. The industry median EV-to-FCF is 14.28. Air Canada's value of 9.67 is 32.3% below this benchmark. While the company's 10-year median is 5.37 vs. the industry median of 14.28, Air Canada 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 Transportation company?
The median EV-to-FCF among Transportation companies is 14.28, based on 673 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. Air Canada's current EV-to-FCF of 9.67 is 32.3% 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 Air Canada and its competitors. For the Transportation industry, the median EV-to-FCF is 14.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Canada's current EV-to-FCF is 9.67, which is 80% above median its own 10-year median of 5.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Canada stock overvalued right now?
Air Canada (XBUL:ADH2) has a current EV-to-FCF of 9.67. The stock's GF Value™ is лв11.77, compared to a current price of лв10.99 — trading 6.6% below its estimated fair value. The current EV-to-FCF is 9.67, which is 80% above median its 10-year median of 5.37 and 32.3% below the Transportation industry median of 14.28. Air Canada's overall GF Score™ is 84/100 with 4 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 Air Canada (XBUL:ADH2), the current EV-to-FCF is 9.67 as of Jul. 23, 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 Air Canada (XBUL:ADH2) Overvalued in 2026?
Based on GuruFocus' analysis, Air Canada stock appears to be undervalued.
The current stock price of лв10.99 is trading 6.6% below its estimated GF Value™ of лв11.77.
Key valuation signals for XBUL:ADH2:
EV-to-FCF: 9.67 (80% above median its 10-year median of 5.37)
GF Value™: лв11.77 vs. price of лв10.99 (6.6% below fair value)
Industry Position: 32.3% below the Transportation median (#234 of 673)
No single metric tells the full story. See the XBUL:ADH2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Canada is Canada's largest airline, serving nearly 50 million passengers each year, together with its low-cost subbrand, Rouge, and contracts for regional connection flights into its network. Air Canada is a sixth-freedom airline, which flies many passengers on long-haul trips to and from the US with a layover in Canada.
84GF Score
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