Question 1

What is Constellation Energy's P/FCF ratio?

Accepted Answer

Constellation Energy (CEG) P/FCF ratio is 79.3× 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 Constellation Energy?

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 Constellation Energy specifically, the relevant sector benchmark is the current sector median of 32.9×.

Question 5

Is Constellation Energy's P/FCF ratio high or low?

Accepted Answer

Constellation Energy's P/FCF ratio of 79.3× is below its own 5-year average of 80.5× and above the sector median of 32.9×. That places the current reading at the 76th 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 Constellation Energy's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Constellation Energy (CEG) P/FCF ratio has ranged from a low of 6.3× in 2018 to a high of 391.6× in 2016. The 5-year average is 80.5× and the 5-year median is 85.8×.

Question 7

What was Constellation Energy's P/FCF ratio in 2025?

Accepted Answer

Constellation Energy (CEG) P/FCF ratio at the end of 2025 was 85.8×. 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 Constellation Energy'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	$110.57B	$1.29B	85.8×	—	Dec 31, 2025
2024	$70.24B	−$5.03B	—	—	Dec 31, 2024
2023	$37.40B	−$7.72B	—	—	Dec 31, 2023
2022	$28.28B	−$4.04B	—	—	Dec 31, 2022
2021	$13.69B	−$2.67B	—	—	Dec 31, 2021
2020	$13.70B	−$1.16B	—	—	Dec 31, 2020
2019	$13.72B	$1.03B	13.3×	+4.9×	Dec 31, 2019
2018	$13.70B	$1.62B	8.5×	-4.7×	Dec 31, 2018
2017	$13.70B	$1.04B	13.2×	+3.1×	Dec 31, 2017
2016	$13.70B	$1.37B	10.0×	-28.2×	Dec 31, 2016
2015	$13.70B	$358.00M	38.3×	—	Dec 31, 2015
2014	$13.70B	−$1.19B	—	—	Dec 31, 2014
2013	$13.70B	$1.14B	12.1×	—	Dec 31, 2013


Eversource Energy (ES)	110.1×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	52.9×
UGI (UGI)	32.9×
GE Vernova (GEV)	31.2×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	11.5×
Avista (AVA)	7.9×

P/FCF Ratio for Constellation Energy (CEG)

P/FCF Ratio daily chart for Constellation Energy (CEG)

Historical P/FCF Ratio for Constellation Energy (CEG) from 2013 to 2025

About P/FCF Ratio at Constellation Energy (CEG)

Constellation Energy P/FCF Ratio by Year

Constellation Energy P/FCF Ratio 2025: 85.8×

Constellation Energy P/FCF Ratio 2019: 13.3×

Constellation Energy P/FCF Ratio 2018: 8.5×

Constellation Energy P/FCF Ratio 2017: 13.2×

Constellation Energy P/FCF Ratio 2016: 10.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Constellation Energy (CEG) Key Financials

P/FCF Ratio daily chart for Constellation Energy (CEG)

Historical P/FCF Ratio for Constellation Energy (CEG) from 2013 to 2025

About P/FCF Ratio at Constellation Energy (CEG)

Constellation Energy P/FCF Ratio by Year

Constellation Energy P/FCF Ratio 2025: 85.8×

Constellation Energy P/FCF Ratio 2019: 13.3×

Constellation Energy P/FCF Ratio 2018: 8.5×

Constellation Energy P/FCF Ratio 2017: 13.2×

Constellation Energy P/FCF Ratio 2016: 10.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Constellation Energy'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 Constellation Energy?

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

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

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

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

Constellation Energy (CEG) Key Financials