Flight Centre Travel Group Ltd · Valuation
ASX: FLT · Consumer Cyclical · Travel Services
Fair value estimates vs price
A$ per share · models updated 26 Jul 2026
1,172.8% above fair value A$0.92, our discounted cash flow estimate.
Different models answer different questions. A wide spread between them usually means the market is pricing growth or risk that historical figures don't capture. Estimates are recomputed as new results and prices land.
Discounted cash flow
A$0.92Projects the company's free cash flow forward and discounts it back to today, the most fundamental measure of what a business is worth.
EPS growth model
Not availableProjects earnings per share forward at the historical growth rate, then discounts back to a present value.
Why it's missing: it needs a longer record of earnings and market prices.
P/E multiple
Not availableApplies the historical median price-to-earnings ratio to current earnings per share.
Why it's missing: it needs a longer record of earnings and market prices.
Trailing P/E history
Monthly price ÷ trailing diluted EPS · extremes above 100 excluded from stats
Per-share fundamentals
The inputs behind the models
| FY | EPS | Book value / sh | Free cash flow |
|---|---|---|---|
| 2025 | $0.49 | $5.48 | $36.5M |
| 2024 | $0.50 | $5.00 | $325.9M |
| 2023 | $0.22 | $5.38 | $64.1M |
| 2022 | $-1.44 | $3.90 | $-141.7M |
| 2021 | $-2.18 | $4.80 | $-948.0M |
| 2020 | $-5.52 | $11.62 | $-104.9M |
| 2019 | $2.20 | $12.19 | $225.5M |
| 2018 | $2.35 | $12.96 | $263.4M |
| 2017 | $2.05 | $11.91 | $219.6M |
| 2016 | $2.18 | $11.22 | $262.8M |
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Is Flight Centre (FLT) undervalued or overvalued based on its P/E ratio and DCF valuation?
Based on FY2025 diluted EPS of $0.49 and the July 3, 2026 closing price of $12.18, Flight Centre's implied P/E works out to roughly 24.9x. Diluted EPS was negative in FY2021 (-$2.175) and FY2022 (-$1.44), which makes a P/E measure meaningless in those years and limits how much a full five-year comparison can show.
Among the three years in the past five with positive earnings, EPS-implied P/E ranged from about 24.4x in FY2024 ($0.50 EPS) to 55.4x in FY2023 ($0.22 EPS), with FY2025's 24.9x landing near the middle of that range and well below the FY2023 extreme.
Separately, the DCF model estimates fair value at just $0.92 per share as of 2026-07-05, far below the current $12.18 price. As with any discounted cash flow output, this figure reflects assumptions about future earnings and cash generation, and its usefulness depends on how closely the company's future results track the volatile earnings history reported between FY2016 and FY2025.
AI-assisted analysis generated from Craytheon's verified financial data · Updated 5 Jul 2026 · How this works
Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.