Question 1

What is Eastman Chemical's P/FCF ratio?

Accepted Answer

Eastman Chemical (EMN) P/FCF ratio is 16.0× 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 Eastman Chemical?

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 Eastman Chemical specifically, the relevant sector benchmark is the current sector median of 25.9×.

Question 5

Is Eastman Chemical's P/FCF ratio high or low?

Accepted Answer

Eastman Chemical's P/FCF ratio of 16.0× is below its own 5-year average of 20.5× and below the sector median of 25.9×. That places the current reading at the 27th 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 Eastman Chemical's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Eastman Chemical (EMN) P/FCF ratio has ranged from a low of 5.0× in 2020 to a high of 4085.5× in 2008. The 5-year average is 20.5× and the 5-year median is 18.1×.

Question 7

What was Eastman Chemical's P/FCF ratio in 2025?

Accepted Answer

Eastman Chemical (EMN) P/FCF ratio at the end of 2025 was 17.2×. 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 Eastman Chemical'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	$7.28B	$424M	17.2×	+1.7×	Dec 31, 2025
2024	$10.7B	$688M	15.5×	-4.1×	Dec 31, 2024
2023	$10.6B	$541M	19.6×	-8.1×	Dec 31, 2023
2022	$9.73B	$351M	27.7×	+12.3×	Dec 31, 2022
2021	$16B	$1.04B	15.4×	+2.7×	Dec 31, 2021
2020	$13.6B	$1.07B	12.7×	+2.7×	Dec 31, 2020
2019	$10.8B	$1.08B	10.0×	-0.1×	Dec 31, 2019
2018	$10.2B	$1.02B	10.1×	-3.1×	Dec 31, 2018
2017	$13.3B	$1.01B	13.2×	-1.3×	Dec 31, 2017
2016	$11B	$763M	14.4×	+4.0×	Dec 31, 2016
2015	$10B	$962M	10.4×	-3.5×	Dec 31, 2015
2014	$11.3B	$812M	13.9×	-1.4×	Dec 31, 2014
2013	$12.4B	$809M	15.3×	-0.4×	Dec 31, 2013
2012	$10.3B	$658M	15.7×	-18.5×	Dec 31, 2012
2011	$5.43B	$159M	34.2×	+15.6×	Dec 31, 2011
2010	$6.05B	$325M	18.6×	+8.8×	Dec 31, 2010
2009	$4.33B	$440M	9.8×	-245.7×	Dec 31, 2009
2008	$2.3B	$9M	255.5×	+230.4×	Dec 31, 2008
2007	$5.09B	$203M	25.1×	+1.3×	Dec 31, 2007
2006	$4.86B	$204M	23.8×	+14.0×	Dec 31, 2006
2005	$4.2B	$426M	9.9×	-8.0×	Dec 31, 2005
2004	$4.39B	$246M	17.8×	-198.3×	Dec 31, 2004
2003	$3.03B	$14M	216.1×	+208.5×	Dec 31, 2003
2002	$2.85B	$374M	7.6×	—	Dec 31, 2002


Solstice Advanced Materials (SOLS)	93.8×
Nucor (NUE)	74.2×
Air Products and Chemicals (APD)	58.4×
International Flavors & Fragrances (IFF)	46.7×
Linde (LIN)	45.1×
Ecolab (ECL)	40.1×
Albemarle (ALB)	36.7×
International Paper (IP)	35.2×
Steel Dynamics (STLD)	34.7×
Martin Marietta Materials (MLM)	34.3×
Vulcan Materials (VMC)	32.2×
Corteva (CTVA)	27.5×
Sherwin-Williams (SHW)	27.1×
H.B. Fuller (FUL)	24.8×
CRH (CRH)	24.4×
Agnico Eagle Mines (AEM)	22.3×
PPG Industries (PPG)	19.5×
DuPont de Nemours (DD)	17.0×
Avient (AVNT)	16.2×
Freeport-McMoRan (FCX)	13.6×
CF Industries Holdings (CF)	12.4×
Builders FirstSource (BLDR)	10.5×
Newmont (NEM)	9.6×
LyondellBasell (LYB)	9.3×
Ashland (ASH)	7.6×

P/FCF Ratio for Eastman Chemical (EMN) 2002-2026

P/FCF Ratio daily chart for Eastman Chemical (EMN)

Historical P/FCF Ratio for Eastman Chemical (EMN) from 2002 to 2025

About P/FCF Ratio at Eastman Chemical (EMN)

Eastman Chemical P/FCF Ratio by Year

Eastman Chemical P/FCF Ratio 2025: 17.2×

Eastman Chemical P/FCF Ratio 2024: 15.5×

Eastman Chemical P/FCF Ratio 2023: 19.6×

Eastman Chemical P/FCF Ratio 2022: 27.7×

Eastman Chemical P/FCF Ratio 2021: 15.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Eastman Chemical (EMN) Key Financials