Question 1

What is Centene's P/FCF ratio?

Accepted Answer

Centene (CNC) P/FCF ratio is 4.9× 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 Centene?

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 Centene specifically, the relevant sector benchmark is the current sector median of 19.8×.

Question 5

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

Accepted Answer

Centene's P/FCF ratio of 4.9× is below its own 5-year average of 17.9× and below the sector median of 19.8×. That places the current reading at the 13th 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 Centene's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Centene (CNC) P/FCF ratio has ranged from a low of 3.6× in 2026 to a high of 315.0× in 2019. The 5-year average is 17.9× and the 5-year median is 8.3×.

Question 7

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

Accepted Answer

Centene (CNC) P/FCF ratio at the end of 2025 was 4.7×. 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 Centene'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	$20.21B	$4.32B	4.7×	—	Dec 31, 2025
2024	$30.32B	−$490.00M	—	—	Dec 31, 2024
2023	$39.65B	$7.25B	5.5×	-3.3×	Dec 31, 2023
2022	$45.92B	$5.26B	8.7×	-5.9×	Dec 31, 2022
2021	$48.07B	$3.29B	14.6×	+7.3×	Dec 31, 2021
2020	$33.67B	$4.63B	7.3×	-27.3×	Dec 31, 2020
2019	$26.03B	$753.00M	34.6×	-7.8×	Dec 31, 2019
2018	$23.70B	$559.00M	42.4×	+26.0×	Dec 31, 2018
2017	$17.45B	$1.07B	16.3×	+10.1×	Dec 31, 2017
2016	$9.67B	$1.54B	6.3×	-9.2×	Dec 31, 2016
2015	$7.86B	$508.00M	15.5×	+10.0×	Dec 31, 2015
2014	$6.11B	$1.12B	5.5×	-4.8×	Dec 31, 2014
2013	$3.24B	$314.69M	10.3×	-0.5×	Dec 31, 2013
2012	$2.12B	$196.55M	10.8×	+0.2×	Dec 31, 2012
2011	$2.00B	$187.99M	10.6×	-10.3×	Dec 31, 2011
2010	$1.24B	$59.10M	20.9×	+15.4×	Dec 31, 2010
2009	$911.05M	$165.08M	5.5×	+0.1×	Dec 31, 2009
2008	$852.95M	$156.82M	5.4×	-2.6×	Dec 31, 2008
2007	$1.19B	$148.30M	8.1×	+0.7×	Dec 31, 2007
2006	$1.06B	$144.71M	7.3×	-16.3×	Dec 31, 2006
2005	$1.11B	$47.14M	23.6×	+8.0×	Dec 31, 2005
2004	$1.16B	$74.40M	15.6×	+2.0×	Dec 31, 2004
2003	$500.05M	$36.84M	13.6×	+3.7×	Dec 31, 2003
2002	$351.93M	$35.74M	9.8×	—	Dec 31, 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×
Becton, Dickinson and (BDX)	14.0×
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×

P/FCF Ratio for Centene (CNC)

P/FCF Ratio daily chart for Centene (CNC)

Historical P/FCF Ratio for Centene (CNC) from 2002 to 2025

About P/FCF Ratio at Centene (CNC)

Centene P/FCF Ratio by Year

Centene P/FCF Ratio 2025: 4.7×

Centene P/FCF Ratio 2023: 5.5×

Centene P/FCF Ratio 2022: 8.7×

Centene P/FCF Ratio 2021: 14.6×

Centene P/FCF Ratio 2020: 7.3×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Centene (CNC) Key Financials

P/FCF Ratio daily chart for Centene (CNC)

Historical P/FCF Ratio for Centene (CNC) from 2002 to 2025

About P/FCF Ratio at Centene (CNC)

Centene P/FCF Ratio by Year

Centene P/FCF Ratio 2025: 4.7×

Centene P/FCF Ratio 2023: 5.5×

Centene P/FCF Ratio 2022: 8.7×

Centene P/FCF Ratio 2021: 14.6×

Centene P/FCF Ratio 2020: 7.3×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Centene'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 Centene?

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

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

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

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

Centene (CNC) Key Financials