Question 1

What is Andersons's P/FCF ratio?

Accepted Answer

Andersons (ANDE) P/FCF ratio is 9.8× as of February 17, 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 Andersons?

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 Andersons specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

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

Accepted Answer

Andersons's P/FCF ratio of 9.8× is above its own 5-year average of 9.4× and below the sector median of 24.3×. That places the current reading at the 79th 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 Andersons's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Andersons (ANDE) P/FCF ratio has ranged from a low of 0.7× in 2009 to a high of 187.1× in 2017. The 5-year average is 9.4× and the 5-year median is 4.1×.

Question 7

What was Andersons's P/FCF ratio in 2024?

Accepted Answer

Andersons (ANDE) P/FCF ratio at the end of 2024 was 7.6×. 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 Andersons'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	$1.81B	-$56.1M	—	—	Dec 31, 2025
2024	$1.38B	$182M	7.6×	+5.2×	Dec 31, 2024
2023	$1.94B	$796M	2.4×	-5.5×	Dec 31, 2023
2022	$1.17B	$147M	7.9×	—	Dec 31, 2022
2021	$1.31B	-$133M	—	—	Dec 31, 2021
2020	$817M	-$179M	—	—	Dec 31, 2020
2019	$840M	$78.1M	10.8×	—	Dec 31, 2019
2018	$845M	-$345M	—	—	Dec 31, 2018
2017	$877M	-$102M	—	—	Dec 31, 2017
2016	$1.26B	-$123M	—	—	Dec 31, 2016
2015	$885M	-$33.4M	—	—	Dec 31, 2015
2014	$1.55B	-$160M	—	—	Dec 31, 2014
2013	$2.51B	$198M	12.7×	+7.3×	Dec 31, 2013
2012	$799M	$148M	5.4×	+0.9×	Dec 31, 2012
2011	$810M	$182M	4.4×	—	Dec 31, 2011
2010	$670M	-$289M	—	—	Dec 31, 2010
2009	$471M	$139M	3.4×	+1.5×	Dec 31, 2009
2008	$298M	$160M	1.9×	—	Dec 31, 2008
2007	$798M	-$241M	—	—	Dec 31, 2007
2006	$679M	-$165M	—	—	Dec 31, 2006
2005	$319M	-$72.9M	—	—	Dec 31, 2005
2004	$185M	$3.74M	49.4×	+39.8×	Dec 31, 2004
2003	$114M	$11.8M	9.6×	-8.1×	Dec 31, 2003
2002	$92.4M	$5.21M	17.7×	—	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 Andersons (ANDE) 2002-2026

P/FCF Ratio daily chart for Andersons (ANDE)

Historical P/FCF Ratio for Andersons (ANDE) from 2002 to 2025

About P/FCF Ratio at Andersons (ANDE)

Andersons P/FCF Ratio by Year

Andersons P/FCF Ratio 2024: 7.6×

Andersons P/FCF Ratio 2023: 2.4×

Andersons P/FCF Ratio 2022: 7.9×

Andersons P/FCF Ratio 2019: 10.8×

Andersons P/FCF Ratio 2013: 12.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Andersons (ANDE) Key Financials