Question 1

What is AMETEK's P/FCF ratio?

Accepted Answer

AMETEK (AME) P/FCF ratio is 32.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

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.

Question 4

What is a good P/FCF ratio for AMETEK?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For AMETEK specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

Is AMETEK's P/FCF ratio high or low?

Accepted Answer

AMETEK's P/FCF ratio of 32.0× is above its own 5-year average of 26.8× and above the sector median of 24.3×. That places the current reading at the 88th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is AMETEK's historical P/FCF ratio range?

Accepted Answer

In the available daily series, AMETEK (AME) P/FCF ratio has ranged from a low of 8.0× in 2002 to a high of 36.8× in 2023. The 5-year average is 26.8× and the 5-year median is 26.3×.

Question 7

What was AMETEK's P/FCF ratio in 2025?

Accepted Answer

AMETEK (AME) P/FCF ratio at the end of 2025 was 28.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does AMETEK's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$47.1B	$1.67B	28.2×	+3.6×	Dec 31, 2025
2024	$41.8B	$1.7B	24.6×	+0.8×	Dec 31, 2024
2023	$38.1B	$1.6B	23.8×	-8.2×	Dec 31, 2023
2022	$32.3B	$1.01B	32.0×	-0.4×	Dec 31, 2022
2021	$34B	$1.05B	32.4×	+9.4×	Dec 31, 2021
2020	$27.8B	$1.21B	23.0×	+0.5×	Dec 31, 2020
2019	$22.8B	$1.01B	22.5×	+4.1×	Dec 31, 2019
2018	$15.5B	$843M	18.4×	-3.6×	Dec 31, 2018
2017	$16.7B	$758M	22.1×	+5.9×	Dec 31, 2017
2016	$11.2B	$694M	16.1×	-4.9×	Dec 31, 2016
2015	$12.7B	$603M	21.1×	+1.5×	Dec 31, 2015
2014	$12.8B	$655M	19.6×	-2.0×	Dec 31, 2014
2013	$12.9B	$597M	21.6×	+5.2×	Dec 31, 2013
2012	$9.11B	$555M	16.4×	+1.7×	Dec 31, 2012
2011	$6.74B	$458M	14.7×	-1.6×	Dec 31, 2011
2010	$6.27B	$384M	16.3×	+4.0×	Dec 31, 2010
2009	$4.08B	$332M	12.3×	-3.5×	Dec 31, 2009
2008	$3.22B	$203M	15.8×	-4.8×	Dec 31, 2008
2007	$4.96B	$241M	20.6×	+3.6×	Dec 31, 2007
2006	$3.35B	$197M	17.0×	-3.8×	Dec 31, 2006
2005	$2.97B	$143M	20.8×	+3.4×	Dec 31, 2005
2004	$2.45B	$140M	17.5×	—	Dec 31, 2004
2003	$1.62B	-$30.3M	—	—	Dec 31, 2003
2002	$1.27B	$86.3M	14.7×	—	Dec 31, 2002


Thomson Reuters (TRI)	18.8×
PACCAR (PCAR)	18.6×
United Parcel Service (UPS)	18.5×
Gorman-Rupp (GRC)	18.5×
Alamo Group (ALG)	18.0×
Allegion (ALLE)	17.8×
Snap-on (SNA)	17.6×
United Airlines Holdings (UAL)	17.5×
Honeywell International (HON)	17.4×
Equifax (EFX)	17.0×
Norfolk Southern (NSC)	16.9×
FedEx (FDX)	15.9×
AGCO (AGCO)	15.4×
General Dynamics (GD)	15.3×
Carlisle Companies (CSL)	14.7×
Amentum Holdings (AMTM)	14.7×
Stanley Black & Decker (SWK)	14.4×
A. O. Smith (AOS)	14.2×
Huntington Ingalls Industries (HII)	14.1×
McGrath RentCorp (MGRC)	13.9×
Masco (MAS)	13.0×
Pool (POOL)	12.2×
Delta Air Lines (DAL)	10.1×
ABM Industries (ABM)	7.2×
Upwork (UPWK)	6.3×

P/FCF Ratio for AMETEK (AME) 2002-2026

P/FCF Ratio daily chart for AMETEK (AME)

Historical P/FCF Ratio for AMETEK (AME) from 2002 to 2025

About P/FCF Ratio at AMETEK (AME)

AMETEK P/FCF Ratio by Year

AMETEK P/FCF Ratio 2025: 28.2×

AMETEK P/FCF Ratio 2024: 24.6×

AMETEK P/FCF Ratio 2023: 23.8×

AMETEK P/FCF Ratio 2022: 32.0×

AMETEK P/FCF Ratio 2021: 32.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

AMETEK (AME) Key Financials