Orange (CHIX:ORAP) Intrinsic Value: Projected FCF: €20.09 (As of Aug. 22, 2026) — 3089% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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.
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Founder & CEO of GuruFocus
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.

CHIX:ORAP Orange SA CHIX:ORAP
76 GF Score
Price €16.14
GF Value €13.53
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Orange Intrinsic Value: Projected FCF?

Orange CHIX:ORAP 76 Intrinsic Value: Projected FCF is €20.09 as of Aug. 22, 2026, which is 100% below its 10-year median of 0.63. GuruFocus rates CHIX:ORAP with a GF Score™ of 76/100 and a GF Value™ of €13.53 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 267 Telecommunication Services companies, Orange ranks better than 58.8% 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 (2026-08-22), Orange's Intrinsic Value: Projected FCF is €20.09. The stock price of Orange is €16.14. Therefore, Orange's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Orange'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 Orange was 0.88. The lowest was 0.49. And the median was 0.63.

CHIX:ORAp's Price-to-Projected-FCF is not ranked *
in the Telecommunication Services industry.
Industry Median: 0.93
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Orange  (CHIX:ORAp) 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.

Orange's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=16.14/19.865379581819
=0.81

* 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.


Orange Intrinsic Value: Projected FCF Related Terms


Orange Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Orange'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.

Orange Intrinsic Value: Projected FCF Chart

Orange Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 19.51 19.57 19.89

Orange Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 19.89 0.00 0.00

CHIX:ORAP vs VZ, TMUS, T: Intrinsic Value: Projected FCF Comparison

For the Telecom Services subindustry, Orange'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.


Orange Price-to-Projected-FCF vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Orange's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Orange's Price-to-Projected-FCF falls into.


CHIX:ORAP
76GF Score
Orange SA CHIX:ORAP
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orange 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.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Orange's Free Cash Flow(6 year avg) = €3,052.00.

Orange's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*3052+29739*0.8)/2660.272
=19.87

* 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 €20.09 mean?
Orange (CHIX:ORAP) has a Intrinsic Value: Projected FCF of €20.09 as of Aug. 22, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Orange and its competitors. This is 3089% above median its historical median of 0.63. Over the past decade, Orange's Intrinsic Value: Projected FCF has ranged from 0.49 to 0.88. According to the industry distribution chart, Orange ranks #110 out of 267 companies in the Telecommunication Services industry, placing it in the top 41.2%.
Is Orange's Intrinsic Value: Projected FCF too high?
Orange's current Intrinsic Value: Projected FCF of €20.09 is 3089% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 0.88. Based on the distribution chart, Orange ranks #110 out of 267 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Orange has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orange's Intrinsic Value: Projected FCF compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Orange ranks #110 out of 267 companies for Intrinsic Value: Projected FCF. This puts Orange in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.93. Historically, Orange's own Intrinsic Value: Projected FCF has ranged from 0.49 to 0.88 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 Telecommunication Services company?
The median Intrinsic Value: Projected FCF among Telecommunication Services companies is 0.93, based on 267 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 Orange and its competitors. For the Telecommunication Services industry, the median Intrinsic Value: Projected FCF is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orange's current Intrinsic Value: Projected FCF is €20.09, which is 3089% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orange stock overvalued right now?
Based on GuruFocus' analysis, Orange (CHIX:ORAP) is currently considered Modestly Overvalued. The stock's GF Value™ is €13.53, compared to a current price of €16.14 — trading 19.3% above its estimated fair value. The current Intrinsic Value: Projected FCF is €20.09, which is 3089% above median its 10-year median of 0.63. Orange's overall GF Score™ is 76/100 with 1 warning sign 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 Orange (CHIX:ORAP), the current Intrinsic Value: Projected FCF is €20.09 as of Aug. 22, 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 Orange (CHIX:ORAP) Overvalued in 2026?

Based on GuruFocus' analysis, Orange stock appears to be overvalued. The current stock price of €16.14 is trading 19.3% above its estimated GF Value™ of €13.53. GuruFocus considers Orange to be Modestly Overvalued.

Key valuation signals for CHIX:ORAP:

  • Intrinsic Value: Projected FCF: €20.09 (3089% above median its 10-year median of 0.63)
  • GF Value™: €13.53 vs. price of €16.14 (19.3% above fair value)
  • GF Score™: 76/100 with 1 warning sign

No single metric tells the full story. See the CHIX:ORAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Orange Business Description

Address 111, quai du president Roosevelt, Issy-les-Moulineaux, Paris, FRA, 92130
Orange operates fixed-line and wireless businesses in France, where it is the market leader ahead of Iliad, Bouygues, and SFR, thanks to its incumbent position. It also has telecom businesses in Spain (through MasOrange), Poland, Belgium, Luxembourg, and Central Europe (Romania, Slovakia, and Moldova). Around 20% of revenue comes from emerging African markets, where it mainly operates wireless networks, and 20% comes from the enterprise segment, which serves companies with more than 50 employees in France and internationally.
76GF Score

Get the complete analysis for CHIX:ORAP

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€16.14
Price
€13.53
GF Value