Question 1

What is Cencora's P/FCF ratio?

Accepted Answer

Cencora (COR) P/FCF ratio is 34.5× 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 Cencora?

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

Question 5

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

Accepted Answer

Cencora's P/FCF ratio of 34.5× is above its own 5-year average of 17.3× and above the sector median of 19.8×. That places the current reading at the 93th 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 Cencora's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Cencora (COR) P/FCF ratio has ranged from a low of 3.6× in 2005 to a high of 63.7× in 2025. The 5-year average is 17.3× and the 5-year median is 13.9×.

Question 7

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

Accepted Answer

Cencora (COR) P/FCF ratio at the end of 2025 was 18.9×. 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 Cencora'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	$60.60B	$3.21B	18.9×	+4.0×	Sep 30, 2025
2024	$44.68B	$3.00B	14.9×	+4.3×	Sep 30, 2024
2023	$36.60B	$3.45B	10.6×	-2.1×	Sep 30, 2023
2022	$28.04B	$2.21B	12.7×	+1.6×	Sep 30, 2022
2021	$24.83B	$2.23B	11.1×	+0.4×	Sep 30, 2021
2020	$19.78B	$1.84B	10.8×	+2.3×	Sep 30, 2020
2019	$17.12B	$2.03B	8.4×	-10.2×	Sep 30, 2019
2018	$19.99B	$1.07B	18.6×	+1.2×	Sep 30, 2018
2017	$18.08B	$1.04B	17.4×	+10.9×	Sep 30, 2017
2016	$17.70B	$2.71B	6.5×	+1.1×	Sep 30, 2016
2015	$20.15B	$3.69B	5.5×	-9.0×	Sep 30, 2015
2014	$17.32B	$1.20B	14.5×	-9.6×	Sep 30, 2014
2013	$14.08B	$585.67M	24.0×	+15.7×	Sep 30, 2013
2012	$9.47B	$1.14B	8.3×	-1.6×	Sep 30, 2012
2011	$9.93B	$999.99M	9.9×	+0.7×	Sep 30, 2011
2010	$8.55B	$923.99M	9.3×	-1.0×	Sep 30, 2010
2009	$6.55B	$637.93M	10.3×	+0.4×	Sep 30, 2009
2008	$5.89B	$599.76M	9.8×	+2.6×	Sep 30, 2008
2007	$7.83B	$1.09B	7.2×	-5.8×	Sep 30, 2007
2006	$8.99B	$694.13M	12.9×	+6.7×	Sep 30, 2006
2005	$8.22B	$1.32B	6.2×	-3.2×	Sep 30, 2005
2004	$6.01B	$635.80M	9.4×	-12.8×	Sep 30, 2004
2003	$5.88B	$264.26M	22.3×	+6.2×	Sep 30, 2003
2002	$7.59B	$471.77M	16.1×	—	Sep 30, 2002


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×
Centene (CNC)	2.5×

P/FCF Ratio for Cencora (COR)

P/FCF Ratio daily chart for Cencora (COR)

Historical P/FCF Ratio for Cencora (COR) from 2002 to 2025

About P/FCF Ratio at Cencora (COR)

Cencora P/FCF Ratio by Year

Cencora P/FCF Ratio 2025: 18.9×

Cencora P/FCF Ratio 2024: 14.9×

Cencora P/FCF Ratio 2023: 10.6×

Cencora P/FCF Ratio 2022: 12.7×

Cencora P/FCF Ratio 2021: 11.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Cencora (COR) Key Financials

P/FCF Ratio daily chart for Cencora (COR)

Historical P/FCF Ratio for Cencora (COR) from 2002 to 2025

About P/FCF Ratio at Cencora (COR)

Cencora P/FCF Ratio by Year

Cencora P/FCF Ratio 2025: 18.9×

Cencora P/FCF Ratio 2024: 14.9×

Cencora P/FCF Ratio 2023: 10.6×

Cencora P/FCF Ratio 2022: 12.7×

Cencora P/FCF Ratio 2021: 11.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Cencora'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 Cencora?

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

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

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

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

Cencora (COR) Key Financials