Question 1

What is Becton, Dickinson and's P/FCF ratio?

Accepted Answer

Becton, Dickinson and (BDX) P/FCF ratio is 13.5× as of June 5, 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 Becton, Dickinson and?

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 Becton, Dickinson and specifically, the relevant sector benchmark is the current sector median of 19.8×.

Question 5

Is Becton, Dickinson and's P/FCF ratio high or low?

Accepted Answer

Becton, Dickinson and's P/FCF ratio of 13.5× is below its own 5-year average of 23.6× and below the sector median of 19.8×. That places the current reading at the 35th 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 Becton, Dickinson and's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Becton, Dickinson and (BDX) P/FCF ratio has ranged from a low of 9.7× in 2002 to a high of 43.5× in 2023. The 5-year average is 23.6× and the 5-year median is 19.2×.

Question 7

What was Becton, Dickinson and's P/FCF ratio in 2025?

Accepted Answer

Becton, Dickinson and (BDX) P/FCF ratio at the end of 2025 was 15.8×. 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 Becton, Dickinson and'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	$42.17B	$2.67B	15.8×	-2.1×	Sep 30, 2025
2024	$54.89B	$3.07B	17.9×	-10.1×	Sep 30, 2024
2023	$59.06B	$2.12B	27.9×	-2.1×	Sep 30, 2023
2022	$49.87B	$1.66B	30.0×	+14.3×	Sep 30, 2022
2021	$53.92B	$3.42B	15.8×	-3.2×	Sep 30, 2021
2020	$51.82B	$2.73B	19.0×	-3.2×	Sep 30, 2020
2019	$52.50B	$2.37B	22.1×	-5.5×	Sep 30, 2019
2018	$54.45B	$1.97B	27.6×	+8.8×	Sep 30, 2018
2017	$34.30B	$1.82B	18.8×	+2.8×	Sep 30, 2017
2016	$29.44B	$1.84B	16.0×	-3.6×	Sep 30, 2016
2015	$21.47B	$1.10B	19.6×	+4.2×	Sep 30, 2015
2014	$16.79B	$1.09B	15.4×	-0.9×	Sep 30, 2014
2013	$14.94B	$919.00M	16.3×	+6.3×	Sep 30, 2013
2012	$12.05B	$1.21B	10.0×	-0.9×	Sep 30, 2012
2011	$12.05B	$1.11B	10.9×	-0.8×	Sep 30, 2011
2010	$12.96B	$1.11B	11.7×	-0.8×	Sep 30, 2010
2009	$12.70B	$1.02B	12.5×	-1.9×	Sep 30, 2009
2008	$14.92B	$1.04B	14.4×	-9.1×	Sep 30, 2008
2007	$15.53B	$661.71M	23.5×	+1.0×	Sep 30, 2007
2006	$13.35B	$594.30M	22.5×	+11.5×	Sep 30, 2006
2005	$9.95B	$908.55M	11.0×	-1.0×	Sep 30, 2005
2004	$9.91B	$831.82M	11.9×	+1.2×	Sep 30, 2004
2003	$6.92B	$644.66M	10.7×	+1.0×	Sep 30, 2003
2002	$5.60B	$576.33M	9.7×	—	Sep 30, 2002


AbbVie (ABBV)	18.5×
Align Technology (ALGN)	17.8×
McKesson (MCK)	17.8×
Gilead Sciences (GILD)	16.9×
DexCom (DXCM)	16.9×
Pfizer (PFE)	16.7×
Humana (HUM)	16.4×
Quest Diagnostics (DGX)	16.3×
Labcorp Holdings (LH)	15.9×
HCA Healthcare (HCA)	13.5×
Incyte (INCY)	12.9×
UnitedHealth Group (UNH)	12.5×
CVS Health (CVS)	12.4×
Universal Health Services (UHS)	12.2×
Baxter International (BAX)	12.1×
Cardinal Health (CAH)	11.3×
IQVIA (IQV)	10.7×
Bristol-Myers Squibb (BMY)	10.4×
Biogen (BIIB)	10.3×
Elevance Health (ELV)	10.0×
Zimmer Biomet Holdings (ZBH)	9.6×
Cigna (CI)	9.1×
Viatris (VTRS)	9.1×
DaVita (DVA)	6.9×
Centene (CNC)	2.5×

P/FCF Ratio for Becton, Dickinson and (BDX)

P/FCF Ratio daily chart for Becton, Dickinson and (BDX)

Historical P/FCF Ratio for Becton, Dickinson and (BDX) from 2002 to 2025

About P/FCF Ratio at Becton, Dickinson and (BDX)

Becton, Dickinson and P/FCF Ratio by Year

Becton, Dickinson and P/FCF Ratio 2025: 15.8×

Becton, Dickinson and P/FCF Ratio 2024: 17.9×

Becton, Dickinson and P/FCF Ratio 2023: 27.9×

Becton, Dickinson and P/FCF Ratio 2022: 30.0×

Becton, Dickinson and P/FCF Ratio 2021: 15.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Becton, Dickinson and (BDX) Key Financials

P/FCF Ratio daily chart for Becton, Dickinson and (BDX)

Historical P/FCF Ratio for Becton, Dickinson and (BDX) from 2002 to 2025

About P/FCF Ratio at Becton, Dickinson and (BDX)

Becton, Dickinson and P/FCF Ratio by Year

Becton, Dickinson and P/FCF Ratio 2025: 15.8×

Becton, Dickinson and P/FCF Ratio 2024: 17.9×

Becton, Dickinson and P/FCF Ratio 2023: 27.9×

Becton, Dickinson and P/FCF Ratio 2022: 30.0×

Becton, Dickinson and P/FCF Ratio 2021: 15.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Becton, Dickinson and's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Becton, Dickinson and?

+Is Becton, Dickinson and's P/FCF ratio high or low?

+What is Becton, Dickinson and's historical P/FCF ratio range?

+What was Becton, Dickinson and's P/FCF ratio in 2025?

+Why does Becton, Dickinson and's P/FCF ratio change over time?

Becton, Dickinson and (BDX) Key Financials