Question 1

What is Consolidated Edison's P/FCF ratio?

Accepted Answer

Consolidated Edison (ED) P/FCF ratio is 14.5× 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 Consolidated Edison?

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 Consolidated Edison specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

Is Consolidated Edison's P/FCF ratio high or low?

Accepted Answer

Consolidated Edison's P/FCF ratio of 14.5× is above its own 5-year average of 11.8× and below the sector median of 45.4×. That places the current reading at the 97th 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 Consolidated Edison's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Consolidated Edison (ED) P/FCF ratio has ranged from a low of 10.2× in 2025 to a high of 1156.5× in 2013. The 5-year average is 11.8× and the 5-year median is 10.7×.

Question 7

What was Consolidated Edison's P/FCF ratio in 2025?

Accepted Answer

Consolidated Edison (ED) P/FCF ratio at the end of 2025 was 10.3×. 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 Consolidated Edison'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	$35.9B	$3.5B	10.3×	—	Dec 31, 2025
2024	$30.9B	-$1.16B	—	—	Dec 31, 2024
2023	$31.4B	-$2.34B	—	—	Dec 31, 2023
2022	$33.8B	-$233M	—	—	Dec 31, 2022
2021	$30.2B	-$1.22B	—	—	Dec 31, 2021
2020	$24.3B	-$1.71B	—	—	Dec 31, 2020
2019	$30.1B	-$352M	—	—	Dec 31, 2019
2018	$24B	-$802M	—	—	Dec 31, 2018
2017	$26.3B	-$76M	—	—	Dec 31, 2017
2016	$22.5B	-$221M	—	—	Dec 31, 2016
2015	$18.8B	$223M	84.5×	+37.6×	Dec 31, 2015
2014	$19.3B	$412M	46.9×	-1109.6×	Dec 31, 2014
2013	$16.2B	$14M	1156.5×	+1125.8×	Dec 31, 2013
2012	$16.3B	$530M	30.7×	+15.2×	Dec 31, 2012
2011	$18.2B	$1.17B	15.5×	-25.4×	Dec 31, 2011
2010	$14.4B	$352M	40.9×	-5.2×	Dec 31, 2010
2009	$12.6B	$273M	46.1×	—	Dec 31, 2009
2008	$10.6B	-$1.7B	—	—	Dec 31, 2008
2007	$13.3B	-$379M	—	—	Dec 31, 2007
2006	$12.3B	-$499M	—	—	Dec 31, 2006
2005	$11.4B	-$843M	—	—	Dec 31, 2005
2004	$10.6B	-$77M	—	—	Dec 31, 2004
2003	$9.73B	-$78M	—	—	Dec 31, 2003
2002	$9.17B	$289M	31.7×	—	Dec 31, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for Consolidated Edison (ED) 2002-2026

P/FCF Ratio daily chart for Consolidated Edison (ED)

Historical P/FCF Ratio for Consolidated Edison (ED) from 2002 to 2025

About P/FCF Ratio at Consolidated Edison (ED)

Consolidated Edison P/FCF Ratio by Year

Consolidated Edison P/FCF Ratio 2025: 10.3×

Consolidated Edison P/FCF Ratio 2015: 84.5×

Consolidated Edison P/FCF Ratio 2014: 46.9×

Consolidated Edison P/FCF Ratio 2013: 1156.5×

Consolidated Edison P/FCF Ratio 2012: 30.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Consolidated Edison (ED) Key Financials