Question 1

What is Avista's P/FCF ratio?

Accepted Answer

Avista (AVA) P/FCF ratio is 290.8× as of August 5, 2025. 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 Avista?

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 Avista specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

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

Accepted Answer

Avista's P/FCF ratio of 290.8× is below its own 5-year average of 1117.9× and above the sector median of 45.4×. That places the current reading at the 62th 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 Avista's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Avista (AVA) P/FCF ratio has ranged from a low of 2.2× in 2002 to a high of 3396.1× in 2025. The 5-year average is 1117.9× and the 5-year median is 318.0×.

Question 7

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

Accepted Answer

Avista (AVA) P/FCF ratio at the end of 2024 was 2931.8×. 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 Avista'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	$3.14B	-$101M	—	—	Dec 31, 2025
2024	$2.93B	$1M	2931.8×	—	Dec 31, 2024
2023	$2.79B	-$51.6M	—	—	Dec 31, 2023
2022	$3.32B	-$328M	—	—	Dec 31, 2022
2021	$3.04B	-$173M	—	—	Dec 31, 2021
2020	$2.78B	-$73.3M	—	—	Dec 31, 2020
2019	$3.22B	-$44.3M	—	—	Dec 31, 2019
2018	$2.79B	-$62.5M	—	—	Dec 31, 2018
2017	$3.34B	-$2.04M	—	—	Dec 31, 2017
2016	$2.57B	-$48.7M	—	—	Dec 31, 2016
2015	$2.21B	-$18.7M	—	—	Dec 31, 2015
2014	$2.2B	-$64.7M	—	—	Dec 31, 2014
2013	$1.69B	-$60.6M	—	—	Dec 31, 2013
2012	$1.44B	$40.6M	35.5×	-22.3×	Dec 31, 2012
2011	$1.51B	$26.1M	57.8×	+3.5×	Dec 31, 2011
2010	$1.29B	$23.8M	54.3×	+30.7×	Dec 31, 2010
2009	$1.18B	$50.3M	23.6×	—	Dec 31, 2009
2008	$1.06B	-$107M	—	—	Dec 31, 2008
2007	$1.14B	$42.6M	26.8×	-9.8×	Dec 31, 2007
2006	$1.33B	$36.4M	36.7×	—	Dec 31, 2006
2005	$864M	-$89.2M	—	—	Dec 31, 2005
2004	$857M	-$10.1M	—	—	Dec 31, 2004
2003	$876M	$13.6M	64.6×	+62.4×	Dec 31, 2003
2002	$556M	$248M	2.2×	—	Dec 31, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for Avista (AVA) 2002-2026

P/FCF Ratio daily chart for Avista (AVA)

Historical P/FCF Ratio for Avista (AVA) from 2002 to 2025

About P/FCF Ratio at Avista (AVA)

Avista P/FCF Ratio by Year

Avista P/FCF Ratio 2024: 2931.8×

Avista P/FCF Ratio 2012: 35.5×

Avista P/FCF Ratio 2011: 57.8×

Avista P/FCF Ratio 2010: 54.3×

Avista P/FCF Ratio 2009: 23.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Avista (AVA) Key Financials