Question 1

What is A. O. Smith's P/FCF ratio?

Accepted Answer

A. O. Smith (AOS) P/FCF ratio is 12.8× 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 A. O. Smith?

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 A. O. Smith specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

Is A. O. Smith's P/FCF ratio high or low?

Accepted Answer

A. O. Smith's P/FCF ratio of 12.8× is below its own 5-year average of 21.1× and below the sector median of 24.3×. That places the current reading at the 3th 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 A. O. Smith's historical P/FCF ratio range?

Accepted Answer

In the available daily series, A. O. Smith (AOS) P/FCF ratio has ranged from a low of 6.3× in 2009 to a high of 1225.7× in 2011. The 5-year average is 21.1× and the 5-year median is 20.7×.

Question 7

What was A. O. Smith's P/FCF ratio in 2025?

Accepted Answer

A. O. Smith (AOS) P/FCF ratio at the end of 2025 was 17.1×. 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 A. O. Smith'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	$9.36B	$546M	17.1×	-3.8×	Dec 31, 2025
2024	$9.94B	$474M	21.0×	+0.6×	Dec 31, 2024
2023	$12.2B	$598M	20.3×	-6.6×	Dec 31, 2023
2022	$8.65B	$321M	26.9×	+3.0×	Dec 31, 2022
2021	$13.5B	$566M	23.9×	+6.4×	Dec 31, 2021
2020	$8.87B	$505M	17.6×	-2.2×	Dec 31, 2020
2019	$7.74B	$392M	19.7×	+0.0×	Dec 31, 2019
2018	$7.18B	$364M	19.7×	-25.6×	Dec 31, 2018
2017	$10.5B	$232M	45.3×	+22.9×	Dec 31, 2017
2016	$8.21B	$366M	22.4×	-2.4×	Dec 31, 2016
2015	$6.74B	$272M	24.8×	-3.6×	Dec 31, 2015
2014	$5.04B	$178M	28.4×	+1.3×	Dec 31, 2014
2013	$4.92B	$182M	27.1×	-12.4×	Dec 31, 2013
2012	$2.92B	$73.9M	39.4×	-1186.3×	Dec 31, 2012
2011	$1.84B	$1.5M	1225.7×	+1201.2×	Dec 31, 2011
2010	$1.74B	$71.3M	24.5×	+18.2×	Dec 31, 2010
2009	$1.32B	$211M	6.3×	-15.7×	Dec 31, 2009
2008	$891M	$40.5M	22.0×	+13.2×	Dec 31, 2008
2007	$1.05B	$119M	8.8×	-6.9×	Dec 31, 2007
2006	$1.15B	$73.2M	15.7×	+7.9×	Dec 31, 2006
2005	$1.06B	$136M	7.8×	-40.6×	Dec 31, 2005
2004	$880M	$18.2M	48.4×	—	Dec 31, 2004
2003	—	—	—	—	Dec 31, 2003
2002	$781M	$72.7M	10.7×	—	Dec 31, 2002


Pentair (PNR)	19.8×
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×
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 A. O. Smith (AOS) 2002-2026

P/FCF Ratio daily chart for A. O. Smith (AOS)

Historical P/FCF Ratio for A. O. Smith (AOS) from 2002 to 2025

About P/FCF Ratio at A. O. Smith (AOS)

A. O. Smith P/FCF Ratio by Year

A. O. Smith P/FCF Ratio 2025: 17.1×

A. O. Smith P/FCF Ratio 2024: 21.0×

A. O. Smith P/FCF Ratio 2023: 20.3×

A. O. Smith P/FCF Ratio 2022: 26.9×

A. O. Smith P/FCF Ratio 2021: 23.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

A. O. Smith (AOS) Key Financials