Question 1

What is CDW's P/FCF ratio?

Accepted Answer

CDW (CDW) P/FCF ratio is 16.0× 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 CDW?

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 CDW specifically, the relevant sector benchmark is the current sector median of 21.6×.

Question 5

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

Accepted Answer

CDW's P/FCF ratio of 16.0× is below its own 5-year average of 22.5× and below the sector median of 21.6×. That places the current reading at the 5th 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 CDW's historical P/FCF ratio range?

Accepted Answer

In the available daily series, CDW (CDW) P/FCF ratio has ranged from a low of 5.4× in 2003 to a high of 327.8× in 2009. The 5-year average is 22.5× and the 5-year median is 21.6×.

Question 7

What was CDW's P/FCF ratio in 2025?

Accepted Answer

CDW (CDW) P/FCF ratio at the end of 2025 was 16.3×. 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 CDW'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	$17.71B	$1.09B	16.3×	-3.8×	Dec 31, 2025
2024	$23.16B	$1.15B	20.1×	-1.0×	Dec 31, 2024
2023	$30.48B	$1.45B	21.0×	+1.0×	Dec 31, 2023
2022	$24.20B	$1.21B	20.0×	-20.5×	Dec 31, 2022
2021	$27.75B	$684.60M	40.5×	+24.3×	Dec 31, 2021
2020	$18.81B	$1.16B	16.3×	-9.7×	Dec 31, 2020
2019	$20.50B	$790.90M	25.9×	+11.2×	Dec 31, 2019
2018	$12.08B	$819.80M	14.7×	-0.5×	Dec 31, 2018
2017	$10.60B	$696.60M	15.2×	-0.2×	Dec 31, 2017
2016	$8.34B	$540.50M	15.4×	-22.4×	Dec 31, 2016
2015	$7.08B	$187.40M	37.8×	+21.9×	Dec 31, 2015
2014	$6.04B	$380.00M	15.9×	+3.5×	Dec 31, 2014
2013	$3.95B	$319.20M	12.4×	+1.4×	Dec 31, 2013
2012	$3.02B	$276.00M	10.9×	-2.5×	Dec 31, 2012
2011	$2.67B	$198.00M	13.5×	+6.3×	Dec 31, 2011
2010	$2.67B	$369.90M	7.2×	-320.6×	Dec 31, 2010
2009	$2.67B	$8.14M	327.8×	—	Dec 31, 2009
2006	$1.43B	$131.15M	10.9×	+5.1×	Dec 31, 2006
2005	$1.47B	$254.60M	5.8×	-3.6×	Dec 31, 2005
2004	$1.53B	$162.09M	9.4×	-3.9×	Dec 31, 2004
2003	$1.52B	$114.04M	13.3×	+6.4×	Dec 31, 2003
2002	$1.54B	$220.83M	7.0×	+1.4×	Dec 31, 2002
2001	$1.57B	$279.91M	5.6×	-9.1×	Dec 31, 2001
2000	$1.60B	$108.81M	14.7×	-101.6×	Dec 31, 2000
1999	$1.55B	$13.35M	116.3×	—	Dec 31, 1999


Intuit (INTU)	13.9×
Okta (OKTA)	13.8×
EPAM Systems (EPAM)	13.4×
Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	10.4×
Accenture (ACN)	10.3×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
Science Applications International (SAIC)	6.7×
Strategy (MSTR)	5.5×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×

P/FCF Ratio for CDW (CDW)

P/FCF Ratio daily chart for CDW (CDW)

Historical P/FCF Ratio for CDW (CDW) from 1999 to 2025

About P/FCF Ratio at CDW (CDW)

CDW P/FCF Ratio by Year

CDW P/FCF Ratio 2025: 16.3×

CDW P/FCF Ratio 2024: 20.1×

CDW P/FCF Ratio 2023: 21.0×

CDW P/FCF Ratio 2022: 20.0×

CDW P/FCF Ratio 2021: 40.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

CDW (CDW) Key Financials

P/FCF Ratio daily chart for CDW (CDW)

Historical P/FCF Ratio for CDW (CDW) from 1999 to 2025

About P/FCF Ratio at CDW (CDW)

CDW P/FCF Ratio by Year

CDW P/FCF Ratio 2025: 16.3×

CDW P/FCF Ratio 2024: 20.1×

CDW P/FCF Ratio 2023: 21.0×

CDW P/FCF Ratio 2022: 20.0×

CDW P/FCF Ratio 2021: 40.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is CDW'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 CDW?

+Is CDW's P/FCF ratio high or low?

+What is CDW's historical P/FCF ratio range?

+What was CDW's P/FCF ratio in 2025?

+Why does CDW's P/FCF ratio change over time?

CDW (CDW) Key Financials