Question 1

What is Conagra Brands's P/FCF ratio?

Accepted Answer

Conagra Brands (CAG) P/FCF ratio is 7.3× 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 Conagra Brands?

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 Conagra Brands specifically, the relevant sector benchmark is the current sector median of 16.5×.

Question 5

Is Conagra Brands's P/FCF ratio high or low?

Accepted Answer

Conagra Brands's P/FCF ratio of 7.3× is below its own 5-year average of 14.8× and below the sector median of 16.5×. That places the current reading at the 8th 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 Conagra Brands's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Conagra Brands (CAG) P/FCF ratio has ranged from a low of 5.3× in 2002 to a high of 87.2× in 2004. The 5-year average is 14.8× and the 5-year median is 11.2×.

Question 7

What was Conagra Brands's P/FCF ratio in 2026?

Accepted Answer

Conagra Brands (CAG) P/FCF ratio at the end of 2026 was 6.4×. 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 Conagra Brands'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.


2026	$6.28B	$979M	6.4×	-1.8×	May 31, 2026
2025	$10.7B	$1.3B	8.2×	-0.7×	May 25, 2025
2024	$14.5B	$1.63B	8.9×	-17.4×	May 26, 2024
2023	$16.7B	$633M	26.3×	+4.1×	May 31, 2023
2022	$15.8B	$713M	22.2×	+3.1×	May 31, 2022
2021	$18.3B	$962M	19.1×	+7.6×	May 31, 2021
2020	$16.9B	$1.47B	11.5×	-5.4×	May 31, 2020
2019	$13B	$772M	16.9×	-3.9×	May 31, 2019
2018	$14.6B	$703M	20.7×	+3.4×	May 31, 2018
2017	$16.2B	$933M	17.4×	-2.8×	May 31, 2017
2016	$15.5B	$767M	20.2×	+7.4×	May 31, 2016
2015	$12.9B	$1.01B	12.8×	+1.6×	May 31, 2015
2014	$10.6B	$948M	11.1×	-0.4×	May 31, 2014
2013	$10.9B	$949M	11.5×	-0.7×	May 31, 2013
2012	$7.99B	$653M	12.2×	+3.1×	May 31, 2012
2011	$8.11B	$886M	9.2×	+0.8×	May 31, 2011
2010	$8.25B	$990M	8.3×	—	May 31, 2010
2009	$6.54B	-$318M	—	—	May 31, 2009
2008	$8.79B	-$388M	—	—	May 31, 2008
2007	$9.71B	$425M	22.8×	+11.5×	May 31, 2007
2006	$9.08B	$804M	11.3×	-1.7×	May 31, 2006
2005	$10.5B	$812M	13.0×	-38.3×	May 31, 2005
2004	$11.1B	$217M	51.3×	+22.2×	May 31, 2004
2003	$9.95B	$343M	29.1×	+23.8×	May 31, 2003
2002	$9.65B	$1.82B	5.3×	—	May 31, 2002


Target (TGT)	18.7×
Tyson Foods (TSN)	18.4×
Colgate-Palmolive (CL)	18.2×
Kenvue (KVUE)	18.1×
Hormel Foods (HRL)	17.1×
Universal Corporation (UVV)	16.5×
Marzetti (MZTI)	15.3×
Kroger (KR)	14.3×
Brown-Forman (BF-B)	13.2×
Performance Food Group (PFGC)	12.9×
Altria Group (MO)	12.8×
Constellation Brands (STZ)	12.8×
Kimberly-Clark (KMB)	12.4×
Dollar Tree (DLTR)	12.0×
General Mills (GIS)	11.1×
McCormick & Company (MKC)	10.8×
Lamb Weston (LW)	10.3×
J. M. Smucker (SJM)	9.0×
Dollar General (DG)	8.7×
Coca-Cola Europacific Partners (CCEP)	8.3×
Archer-Daniels-Midland (ADM)	7.3×
Molson Coors Beverage (TAP)	7.0×
Campbell Soup (CPB)	6.8×
Kraft Heinz (KHC)	6.6×
Albertsons Companies (ACI)	4.4×

P/FCF Ratio for Conagra Brands (CAG) 2002-2026

P/FCF Ratio daily chart for Conagra Brands (CAG)

Historical P/FCF Ratio for Conagra Brands (CAG) from 2002 to 2026

About P/FCF Ratio at Conagra Brands (CAG)

Conagra Brands P/FCF Ratio by Year

Conagra Brands P/FCF Ratio 2026: 6.4×

Conagra Brands P/FCF Ratio 2025: 8.2×

Conagra Brands P/FCF Ratio 2024: 8.9×

Conagra Brands P/FCF Ratio 2023: 26.3×

Conagra Brands P/FCF Ratio 2022: 22.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Conagra Brands (CAG) Key Financials