EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Carrier Global's Enterprise Value is CHF58,645 Mil.
Carrier Global's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was CHF1,353 Mil. Therefore, Carrier Global's EV-to-FCF for today is 43.35.
The historical rank and industry rank for Carrier Global's EV-to-FCF or its related term are showing as below:
XSWX:CARR'
s EV-to-FCF Range Over the Past 10 Years
Min: 6.37 Med: 31.46 Max: 1647.71
Current: 42.99
During the past 9 years, the highest EV-to-FCF of Carrier Global was 1647.71. The lowest was 6.37. And the median was 31.46.
XSWX:CARR's EV-to-FCF is ranked worse than 79.85% of 1102
companies
in the Construction industry
Industry Median: 13.36
vs XSWX:CARR: 42.99
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.
Carrier Global's PE Ratio (TTM) for today is calculated as:
Carrier Global's share price for today is CHF59.53.
Carrier Global'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 CHF1.219.
* 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.
Carrier Global EV-to-FCF Related Terms
Carrier Global EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Carrier Global'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 Building Products & Equipment subindustry, Carrier Global'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.
Carrier Global EV-to-FCF vs Construction Industry
For the Construction industry and Industrials sector, Carrier Global's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Carrier Global's EV-to-FCF falls into.
Carrier Global's current Enterprise Value is CHF58,645 Mil.
Carrier Global'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 CHF1,353 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.
Carrier Global (XSWX:CARR) has a EV-to-FCF of 43.35 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Carrier Global and its competitors. This is 38% above median its historical median of 31.46. Over the past decade, Carrier Global's EV-to-FCF has ranged from 6.37 to 1,647.71. According to the industry distribution chart, Carrier Global ranks #880 out of 1102 companies in the Construction industry, placing it in the top 79.9%.
Is Carrier Global's EV-to-FCF too high?
Carrier Global's current EV-to-FCF of 43.35 is 38% above median its 10-year median of 31.46. Over the past 10 years, this metric has ranged from a low of 6.37 to a high of 1,647.71. The Construction industry median EV-to-FCF is 13.36. Carrier Global's value of 43.35 is 224.5% above this industry median. Based on the distribution chart, Carrier Global ranks #880 out of 1102 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Carrier Global has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's EV-to-FCF compare to JCI and LII?
According to the Construction industry distribution chart, Carrier Global ranks #880 out of 1102 companies for EV-to-FCF. This places Carrier Global in the lower half of its industry. The industry median EV-to-FCF is 13.36. Carrier Global's value of 43.35 is 224.5% above this benchmark. Historically, Carrier Global's own EV-to-FCF has ranged from 6.37 to 1,647.71 over the past decade. While the company's 10-year median is 31.46 vs. the industry median of 13.36, Carrier Global 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 a Construction company?
The median EV-to-FCF among Construction companies is 13.36, based on 1,102 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. Carrier Global's current EV-to-FCF of 43.35 is 224.5% 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 Carrier Global and its competitors. For the Construction industry, the median EV-to-FCF is 13.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrier Global's current EV-to-FCF is 43.35, which is 38% above median its own 10-year median of 31.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrier Global stock overvalued right now?
Carrier Global (XSWX:CARR) has a current EV-to-FCF of 43.35. The stock's GF Value™ is CHF54.94, compared to a current price of CHF59.53 — trading 8.4% above its estimated fair value. The current EV-to-FCF is 43.35, which is 38% above median its 10-year median of 31.46 and 224.5% above the Construction industry median of 13.36. Carrier Global's overall GF Score™ is 79/100 with 11 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 Carrier Global (XSWX:CARR), the current EV-to-FCF is 43.35 as of Jul. 01, 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 Carrier Global (XSWX:CARR) Overvalued in 2026?
Based on GuruFocus' analysis, Carrier Global stock appears to be overvalued.
The current stock price of CHF59.53 is trading 8.4% above its estimated GF Value™ of CHF54.94.
Key valuation signals for XSWX:CARR:
EV-to-FCF: 43.35 (38% above median its 10-year median of 31.46)
GF Value™: CHF54.94 vs. price of CHF59.53 (8.4% above fair value)
Industry Position: 224.5% above the Construction median (#880 of 1102)
No single metric tells the full story. See the XSWX:CARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier's fire and security (Honeywell) and commercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.
79GF Score
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