Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Air France-KLMCHIX:AFP 67 Intrinsic Value: Projected FCF is €-9.55 as of Aug. 08, 2026. GuruFocus rates CHIX:AFP with a GF Score™ of 67/100 and a GF Value™ of €10.09 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 725 Transportation companies, Air France-KLM ranks worse than 137930.9% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-08), Air France-KLM's Intrinsic Value: Projected FCF is €-9.55. The stock price of Air France-KLM is €12.91. Therefore, Air France-KLM's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.
The historical rank and industry rank for Air France-KLM's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Air France-KLM was 6.40. The lowest was 0.54. And the median was 0.65.
CHIX:AFp's Price-to-Projected-FCF is not ranked *
in the Transportation industry.
Industry Median: 0.85 * Ranked among companies with meaningful Price-to-Projected-FCF only.
Air France-KLM (CHIX:AFp) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Air France-KLM's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
12.91
/
-9.5368985935011
=
* 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 France-KLM Intrinsic Value: Projected FCF Related Terms
Air France-KLM Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Air France-KLM's Intrinsic Value: Projected 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.
Air France-KLM Intrinsic Value: Projected FCF Chart
CHIX:AFP vs DAL, UAL, LUV: Intrinsic Value: Projected FCF Comparison
For the Airlines subindustry, Air France-KLM's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 France-KLM Price-to-Projected-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Air France-KLM's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Air France-KLM's Price-to-Projected-FCF falls into.
Air France-KLM Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of €-9.55 mean?
Air France-KLM (CHIX:AFP) has a Intrinsic Value: Projected FCF of €-9.55 as of Aug. 08, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Air France-KLM and its competitors. Over the past decade, Air France-KLM's Intrinsic Value: Projected FCF has ranged from 0.54 to 6.40. According to the industry distribution chart, Air France-KLM ranks #999999 out of 725 companies in the Transportation industry.
Is Air France-KLM's Intrinsic Value: Projected FCF too high?
Air France-KLM's current Intrinsic Value: Projected FCF is €-9.55. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 6.40. Based on the distribution chart, Air France-KLM ranks #999999 out of 725 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Air France-KLM has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's Intrinsic Value: Projected FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Air France-KLM ranks #999999 out of 725 companies for Intrinsic Value: Projected FCF. This places Air France-KLM in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.85. Historically, Air France-KLM's own Intrinsic Value: Projected FCF has ranged from 0.54 to 6.40 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Transportation company?
The median Intrinsic Value: Projected FCF among Transportation companies is 0.85, based on 725 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Air France-KLM and its competitors. For the Transportation industry, the median Intrinsic Value: Projected FCF is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air France-KLM's current Intrinsic Value: Projected FCF is €-9.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (CHIX:AFP) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.09, compared to a current price of €12.91 — trading 27.9% above its estimated fair value. The current Intrinsic Value: Projected FCF is €-9.55. Air France-KLM's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Air France-KLM (CHIX:AFP), the current Intrinsic Value: Projected FCF is €-9.55 as of Aug. 08, 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 France-KLM (CHIX:AFP) Overvalued in 2026?
Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued.
The current stock price of €12.91 is trading 27.9% above its estimated GF Value™ of €10.09.
GuruFocus considers Air France-KLM to be Modestly Overvalued.
Key valuation signals for CHIX:AFP:
Intrinsic Value: Projected FCF: €-9.55
GF Value™: €10.09 vs. price of €12.91 (27.9% above fair value)
No single metric tells the full story. See the CHIX:AFP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
67GF Score
Get the complete analysis for CHIX:AFP
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:AFP has been successfully added to your 
