Question 1

What is DoorDash's P/FCF ratio?

Accepted Answer

DoorDash (DASH) P/FCF ratio is 44.9× 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 DoorDash?

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 DoorDash specifically, the relevant sector benchmark is the current sector median of 18.1×.

Question 5

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

Accepted Answer

DoorDash's P/FCF ratio of 44.9× is below its own 5-year average of 121.5× and above the sector median of 18.1×. That places the current reading at the 35th 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 DoorDash's historical P/FCF ratio range?

Accepted Answer

In the available daily series, DoorDash (DASH) P/FCF ratio has ranged from a low of 26.8× in 2024 to a high of 1178.8× in 2023. The 5-year average is 121.5× and the 5-year median is 55.8×.

Question 7

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

Accepted Answer

DoorDash (DASH) P/FCF ratio at the end of 2025 was 53.7×. 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 DoorDash'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	$98B	$1.83B	53.7×	+14.8×	Dec 31, 2025
2024	$70B	$1.8B	38.8×	+9.6×	Dec 31, 2024
2023	$39.5B	$1.35B	29.3×	-870.8×	Dec 31, 2023
2022	$18.9B	$21M	900.1×	+787.3×	Dec 31, 2022
2021	$51.3B	$455M	112.7×	-66.7×	Dec 31, 2021
2020	$16.7B	$93M	179.5×	—	Dec 31, 2020
2019	$8.31B	—	—	—	Dec 31, 2019


Telephone and Data Systems (TDS)	85.4×
Meta (META)	30.0×
Reddit (RDDT)	29.7×
Warner Bros. Discovery (WBD)	29.6×
Live Nation Entertainment (LYV)	28.7×
Netflix (NFLX)	27.2×
Spotify (SPOT)	27.0×
News (NWSA)	24.7×
Paramount Skydance (PSKY)	24.5×
Walt Disney (DIS)	23.0×
Roku (ROKU)	21.4×
T-Mobile US (TMUS)	14.8×
Snap (SNAP)	12.8×
John Wiley & Sons (WLY)	12.2×
Verizon (VZ)	10.5×
Fox (FOXA)	10.5×
Pinterest (PINS)	9.7×
TKO Group Holdings (TKO)	8.9×
Match Group (MTCH)	7.3×
Charter Communications (CHTR)	6.7×
Omnicom Group (OMC)	5.2×
Comcast (CMCSA)	5.1×
Versant Media Group, Inc. Class A (VSNT)	2.7×

P/FCF Ratio for DoorDash (DASH) 2020-2026

P/FCF Ratio daily chart for DoorDash (DASH)

Historical P/FCF Ratio for DoorDash (DASH) from 2019 to 2025

About P/FCF Ratio at DoorDash (DASH)

DoorDash P/FCF Ratio by Year

DoorDash P/FCF Ratio 2025: 53.7×

DoorDash P/FCF Ratio 2024: 38.8×

DoorDash P/FCF Ratio 2023: 29.3×

DoorDash P/FCF Ratio 2022: 900.1×

DoorDash P/FCF Ratio 2021: 112.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

DoorDash (DASH) Key Financials