RNMBF (Rheinmetall AG) Intrinsic Value: Projected FCF: $205.25 (As of Sep. 01, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

RNMBF Rheinmetall AG RNMBF
81 GF Score
Price $1,285.00
GF Value $1,441.84
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Rheinmetall AG Intrinsic Value: Projected FCF?

Rheinmetall AG RNMBF -2.23% 81 Intrinsic Value: Projected FCF is $205.25 as of Sep. 01, 2026. GuruFocus rates RNMBF with a GF Score™ of 81/100 and a GF Value™ of $1,441.84 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 197 Aerospace & Defense companies, Rheinmetall AG ranks worse than 76.14% 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 (2026-09-01), Rheinmetall AG's Intrinsic Value: Projected FCF is $205.25. The stock price of Rheinmetall AG is $1285.00. Therefore, Rheinmetall AG's Price-to-Intrinsic-Value-Projected-FCF of today is 6.3.

The historical rank and industry rank for Rheinmetall AG's Intrinsic Value: Projected FCF or its related term are showing as below:

RNMBF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.81   Med: 2.18   Max: 13.68
Current: 6.26

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Rheinmetall AG was 13.68. The lowest was 0.81. And the median was 2.18.

RNMBF's Price-to-Projected-FCF is ranked worse than
76.14% of 197 companies
in the Aerospace & Defense industry
Industry Median: 2.78 vs RNMBF: 6.26

Rheinmetall AG  (OTCPK:RNMBF) 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.

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

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=1285.00/195.65661030467
=6.57

* 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.


Rheinmetall AG Intrinsic Value: Projected FCF Related Terms


Rheinmetall AG Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Rheinmetall AG'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.

Rheinmetall AG Intrinsic Value: Projected FCF Chart

Rheinmetall AG 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 122.11 113.93 101.05 142.19 287.50

Rheinmetall AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 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 162.77 168.91 287.50 274.05 197.89

RNMBF vs SPCX, GE, RTX: Intrinsic Value: Projected FCF Comparison

For the Aerospace & Defense subindustry, Rheinmetall AG'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.


Rheinmetall AG Price-to-Projected-FCF vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Rheinmetall AG's Price-to-Projected-FCF distribution charts can be found below:

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


RNMBF
81GF Score
Rheinmetall AG RNMBF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rheinmetall AG 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 Rheinmetall AG's Free Cash Flow(6 year avg) = $307.52.

Rheinmetall AG'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 (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(14.761153476909*307.52048+5726.959*0.8)/46.617
=195.66

* 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 $205.25 mean?
Rheinmetall AG (RNMBF) has a Intrinsic Value: Projected FCF of $205.25 as of Sep. 01, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Rheinmetall AG and its competitors. According to the industry distribution chart, Rheinmetall AG ranks #150 out of 197 companies in the Aerospace & Defense industry, placing it in the top 76.1%.
Is Rheinmetall AG's Intrinsic Value: Projected FCF too high?
Rheinmetall AG's current Intrinsic Value: Projected FCF is $205.25. The Aerospace & Defense industry median Intrinsic Value: Projected FCF is 2.78. Rheinmetall AG's value of $205.25 is 7283.1% above this industry median. Based on the distribution chart, Rheinmetall AG ranks #150 out of 197 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Rheinmetall AG has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rheinmetall AG's Intrinsic Value: Projected FCF compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Rheinmetall AG ranks #150 out of 197 companies for Intrinsic Value: Projected FCF. This places Rheinmetall AG in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 2.78. Rheinmetall AG's value of $205.25 is 7283.1% above this benchmark. 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 an Aerospace & Defense company?
The median Intrinsic Value: Projected FCF among Aerospace & Defense companies is 2.78, based on 197 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. Rheinmetall AG's current Intrinsic Value: Projected FCF of $205.25 is 7283.1% 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 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 Rheinmetall AG and its competitors. For the Aerospace & Defense industry, the median Intrinsic Value: Projected FCF is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rheinmetall AG's current Intrinsic Value: Projected FCF is $205.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rheinmetall AG stock overvalued right now?
Based on GuruFocus' analysis, Rheinmetall AG (RNMBF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1,441.84, compared to a current price of $1,285.00 — trading 10.9% below its estimated fair value. The current Intrinsic Value: Projected FCF is $205.25 and 7283.1% above the Aerospace & Defense industry median of 2.78. Rheinmetall AG's overall GF Score™ is 81/100 with 2 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 Rheinmetall AG (RNMBF), the current Intrinsic Value: Projected FCF is $205.25 as of Sep. 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 Rheinmetall AG (RNMBF) Overvalued in 2026?

Based on GuruFocus' analysis, Rheinmetall AG stock appears to be undervalued. The current stock price of $1,285.00 is trading 10.9% below its estimated GF Value™ of $1,441.84. GuruFocus considers Rheinmetall AG to be Modestly Undervalued.

Key valuation signals for RNMBF:

  • Intrinsic Value: Projected FCF: $205.25
  • GF Value™: $1,441.84 vs. price of $1,285.00 (10.9% below fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 7283.1% above the Aerospace & Defense median (#150 of 197)

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


Rheinmetall AG Business Description

Address Rheinmetall Platz 1, Dusseldorf, NW, DEU, 40476
Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapons and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapons and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators, and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.
81GF Score

Get the complete analysis for RNMBF

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

$1,285.00
Price
$1,441.84
GF Value