Question 1

What is Ames National's P/FCF ratio?

Accepted Answer

Ames National (ATLO) P/FCF ratio is 12.1× as of July 16, 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 Ames National?

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 Ames National specifically, the relevant sector benchmark is the current sector median of 12.0×.

Question 5

Is Ames National's P/FCF ratio high or low?

Accepted Answer

Ames National's P/FCF ratio of 12.1× is above its own 5-year average of 10.5× and above the sector median of 12.0×. 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 Ames National's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Ames National (ATLO) P/FCF ratio has ranged from a low of 5.9× in 2020 to a high of 44.6× in 2006. The 5-year average is 10.5× and the 5-year median is 10.4×.

Question 7

What was Ames National's P/FCF ratio in 2025?

Accepted Answer

Ames National (ATLO) P/FCF ratio at the end of 2025 was 9.6×. 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 Ames National'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	$205M	$21.3M	9.6×	-0.9×	Dec 31, 2025
2024	$147M	$14M	10.5×	-2.9×	Dec 31, 2024
2023	$192M	$14.3M	13.4×	+1.9×	Dec 31, 2023
2022	$212M	$18.4M	11.6×	+3.8×	Dec 31, 2022
2021	$223M	$28.6M	7.8×	+0.1×	Dec 31, 2021
2020	$219M	$28.5M	7.7×	-5.5×	Dec 31, 2020
2019	$257M	$19.4M	13.2×	+1.4×	Dec 31, 2019
2018	$237M	$20.1M	11.8×	-2.3×	Dec 31, 2018
2017	$258M	$18.2M	14.2×	-0.7×	Dec 31, 2017
2016	$309M	$20.7M	14.9×	+3.8×	Dec 31, 2016
2015	$226M	$20.4M	11.1×	-2.3×	Dec 31, 2015
2014	$239M	$17.9M	13.4×	+4.3×	Dec 31, 2014
2013	$210M	$23.1M	9.1×	-0.6×	Dec 31, 2013
2012	$205M	$21.1M	9.7×	+0.9×	Dec 31, 2012
2011	$182M	$20.7M	8.8×	-3.6×	Dec 31, 2011
2010	$203M	$16.5M	12.4×	-5.3×	Dec 31, 2010
2009	$197M	$11.2M	17.6×	-2.2×	Dec 31, 2009
2008	$249M	$12.6M	19.8×	-0.8×	Dec 31, 2008
2007	$182M	$8.85M	20.6×	-2.5×	Dec 31, 2007
2006	$196M	$8.5M	23.1×	-15.2×	Dec 31, 2006
2005	$242M	$6.32M	38.2×	+16.8×	Dec 31, 2005
2004	$253M	$11.8M	21.4×	+8.6×	Dec 31, 2004
2003	$182M	$14.1M	12.9×	-3.9×	Dec 31, 2003
2002	$145M	$8.68M	16.7×	—	Dec 31, 2002


UMB Financial (UMBF)	8.8×
Federal Agricultural Mortgage (AGM)	8.6×
T. Rowe Price (TROW)	8.6×
First Financial (THFF)	8.3×
Old Republic International (ORI)	8.0×
1st Source (SRCE)	8.0×
Auburn National Bancorporation (AUBN)	7.7×
Eagle Financial Services (EFSI)	7.5×
PayPal (PYPL)	7.5×
Assurant (AIZ)	7.5×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
American Financial Group (AFG)	6.8×
Hartford Insurance Group (HIG)	6.5×
Travelers Companies (TRV)	6.3×
Invesco (IVZ)	6.1×
Arch Capital Group (ACGL)	5.9×
Principal Financial Group (PFG)	5.5×
Allstate (ALL)	4.7×
Everest Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
MetLife (MET)	2.8×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for Ames National (ATLO) 2002-2026

P/FCF Ratio daily chart for Ames National (ATLO)

Historical P/FCF Ratio for Ames National (ATLO) from 2002 to 2025

About P/FCF Ratio at Ames National (ATLO)

Ames National P/FCF Ratio by Year

Ames National P/FCF Ratio 2025: 9.6×

Ames National P/FCF Ratio 2024: 10.5×

Ames National P/FCF Ratio 2023: 13.4×

Ames National P/FCF Ratio 2022: 11.6×

Ames National P/FCF Ratio 2021: 7.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Ames National (ATLO) Key Financials