Question 1

What is Darden Restaurants's P/FCF ratio?

Accepted Answer

Darden Restaurants (DRI) P/FCF ratio is 20.0× 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 Darden Restaurants?

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 Darden Restaurants specifically, the relevant sector benchmark is the current sector median of 17.1×.

Question 5

Is Darden Restaurants's P/FCF ratio high or low?

Accepted Answer

Darden Restaurants's P/FCF ratio of 20.0× is above its own 5-year average of 19.8× and above the sector median of 17.1×. That places the current reading at the 46th 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 Darden Restaurants's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Darden Restaurants (DRI) P/FCF ratio has ranged from a low of 2.6× in 2015 to a high of 69.7× in 2021. The 5-year average is 19.8× and the 5-year median is 20.1×.

Question 7

What was Darden Restaurants's P/FCF ratio in 2026?

Accepted Answer

Darden Restaurants (DRI) P/FCF ratio at the end of 2026 was 20.6×. 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 Darden Restaurants'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.


2026	$23.1B	$1.12B	20.6×	-2.4×	May 31, 2026
2025	$23.9B	$1.04B	23.1×	+5.2×	May 25, 2025
2024	$17.6B	$986M	17.8×	-2.4×	May 26, 2024
2023	$19.2B	$947M	20.3×	+2.1×	May 31, 2023
2022	$15.6B	$857M	18.2×	-1.3×	May 31, 2022
2021	$18B	$926M	19.4×	-25.4×	May 31, 2021
2020	$9.75B	$217M	44.9×	+26.6×	May 31, 2020
2019	$14.3B	$784M	18.3×	-0.1×	May 31, 2019
2018	$10.8B	$587M	18.4×	-0.6×	May 31, 2018
2017	$11.1B	$584M	19.0×	+3.4×	May 31, 2017
2016	$8.57B	$550M	15.6×	+12.7×	May 31, 2016
2015	$7.44B	$2.56B	2.9×	—	May 31, 2015
2014	$5.88B	-$82.9M	—	—	May 31, 2014
2013	$6.02B	$264M	22.8×	-26.0×	May 31, 2013
2012	$5.95B	$122M	48.8×	+31.2×	May 31, 2012
2011	$6.11B	$347M	17.6×	+5.9×	May 31, 2011
2010	$5.41B	$464M	11.7×	-7.0×	May 31, 2010
2009	$4.62B	$247M	18.7×	+4.8×	May 31, 2009
2008	$4.24B	$305M	13.9×	-8.0×	May 31, 2008
2007	$5.73B	$261M	21.9×	+9.7×	May 31, 2007
2006	$4.64B	$379M	12.3×	-5.5×	May 31, 2006
2005	$4.51B	$254M	17.8×	-1.0×	May 31, 2005
2004	$3.21B	$171M	18.8×	-15.9×	May 31, 2004
2003	$2.98B	$86M	34.6×	+13.0×	May 31, 2003
2002	$4.1B	$190M	21.6×	—	May 31, 2002


DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
D.R. Horton (DHI)	14.2×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Carnival Corporation (CCL)	11.9×
Lululemon Athletica (LULU)	11.6×
Toll Brothers (TOL)	11.1×
Hasbro (HAS)	9.8×
PDD Holdings (PDD)	9.5×
LKQ (LKQ)	9.3×
KB Home (KBH)	8.8×
Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Etsy (ETSY)	7.2×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
Expedia Group (EXPE)	6.0×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	4.8×
General Motors (GM)	4.3×

P/FCF Ratio for Darden Restaurants (DRI) 2002-2026

P/FCF Ratio daily chart for Darden Restaurants (DRI)

Historical P/FCF Ratio for Darden Restaurants (DRI) from 2002 to 2026

About P/FCF Ratio at Darden Restaurants (DRI)

Darden Restaurants P/FCF Ratio by Year

Darden Restaurants P/FCF Ratio 2026: 20.6×

Darden Restaurants P/FCF Ratio 2025: 23.1×

Darden Restaurants P/FCF Ratio 2024: 17.8×

Darden Restaurants P/FCF Ratio 2023: 20.3×

Darden Restaurants P/FCF Ratio 2022: 18.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Darden Restaurants (DRI) Key Financials