P/FCF Ratio for Alaska Air Group (ALK)

Alaska Air Group (ALK) P/FCF ratio is 39.3× as of August 6, 2025. The 5-year average is 21.0×. The sector median currently stands at 24.3×. The current ratio is at the 96th percentile of its own 10-year history.

Alaska Air Group (ALK) historical P/FCF ratio has ranged from a low of 4.1× (2004) to a high of 54.0× (2025) in the available daily series.

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.